Nike Inc on Focus After Bearish Options Activity

 Nike Inc on Focus After Bearish Options Activity

In today’s session Nike Inc (NKE) recorded an unusually high (294) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the January, 2017 put, expecting serious NKE decrease. With 294 contracts traded and 49774 open interest for the Jan, 17 contract, it seems this is a quite bearish bet. The option with symbol: NKE170120P00047500 closed last at: $0.93 or 9.4% up. About 4.59 million shares traded hands. Nike Inc (NYSE:NKE) has declined 15.11% since March 14, 2016 and is downtrending. It has underperformed by 20.72% the S&P500.

Nike Inc (NYSE:NKE) Ratings Coverage

Out of 33 analysts covering Nike Inc. (NYSE:NKE), 22 rate it a “Buy”, 0 “Sell”, while 11 “Hold”. This means 67% are positive. Nike Inc. has been the topic of 103 analyst reports since July 29, 2015 according to StockzIntelligence Inc. Telsey Advisory Group maintained Nike Inc (NYSE:NKE) on Thursday, October 15 with “Outperform” rating. The rating was upgraded by Kelsey Advisory Group to “Market Perform” on Monday, August 24. The stock of Nike Inc (NYSE:NKE) earned “Buy” rating by DA Davidson on Thursday, October 8. The firm earned “Neutral” rating on Wednesday, September 28 by B. Riley & Co. Citigroup maintained Nike Inc (NYSE:NKE) rating on Wednesday, September 28. Citigroup has “Buy” rating and $64 price target. The firm has “Buy” rating given on Wednesday, September 28 by UBS. The stock of Nike Inc (NYSE:NKE) has “Neutral” rating given on Thursday, September 8 by Piper Jaffray. As per Tuesday, December 15, the company rating was maintained by Stifel Nicolaus. The rating was maintained by Piper Jaffray with “Overweight” on Friday, September 25. As per Tuesday, October 11, the company rating was initiated by Susquehanna.

According to Zacks Investment Research, “Nike, Inc.’s principal business activity involves the design, development and worldwide marketing of high quality footwear, apparel, equipment, and accessory products. NIKE is the one of the largest sellers of athletic footwear and athletic apparel in the world. The company sells its products to retail accounts in the United States and through a mix of independent distributors, licensees and subsidiaries in numerous countries around the world.”

Insitutional Activity: The institutional sentiment decreased to 0.87 in Q2 2016. Its down 0.23, from 1.1 in 2016Q1. The ratio dived, as 116 funds sold all Nike Inc shares owned while 470 reduced positions. 98 funds bought stakes while 413 increased positions. They now own 1.02 billion shares or 2.98% less from 1.05 billion shares in 2016Q1.
Moreover, Saybrook Cap Nc has 0.23% invested in Nike Inc (NYSE:NKE) for 6,390 shares. Greenwood Cap Associate Ltd Limited Liability Company has invested 1.27% of its portfolio in Nike Inc (NYSE:NKE). Texas Yale Cap Corp holds 236,344 shares or 1.3% of its portfolio. Carmignac Gestion holds 2.11M shares or 1% of its portfolio. Winfield holds 4,590 shares or 0.16% of its portfolio. Old Point Tru Financial Serv N A holds 8,000 shares or 0.31% of its portfolio. Cwm Ltd Limited Liability Company has 0.01% invested in the company for 2,227 shares. Jump Trading Limited Liability Co accumulated 0.1% or 39,851 shares. Massmutual Trust Fsb Adv holds 1,111 shares or 0% of its portfolio. Valley Natl Advisers Inc has invested 0% of its portfolio in Nike Inc (NYSE:NKE). Calamos Wealth Mgmt Ltd Com last reported 47,414 shares in the company. Royal Natl Bank Of Scotland Gp Inc Pcl owns 64,014 shares or 0.89% of their US portfolio. Goldman Sachs Gru Inc, a New York-based fund reported 10.17M shares. Cg Asset Management Limited Liability Com holds 1.55% or 69,792 shares in its portfolio. Sheets Smith Wealth Mngmt last reported 2.13% of its portfolio in the stock.

Insider Transactions: Since April 19, 2016, the stock had 3 insider purchases, and 5 selling transactions for $23.33 million net activity. Krane Hilary K also sold $5.70 million worth of Nike Inc (NYSE:NKE) on Monday, July 25. 1,000 shares were bought by LECHLEITER JOHN C, worth $55,090. On Thursday, April 28 the insider Slusher John F sold $2.37M. SPRUNK ERIC D sold $7.99 million worth of stock. On Wednesday, April 20 the insider PARKER MARK G sold $3.00 million.

NIKE, Inc. is engaged in the design, development, marketing and selling of athletic footwear, apparel, equipment, accessories and services. The company has a market cap of $84.49 billion. The Company’s operating divisions include North America, Western Europe, Central & Eastern Europe, Greater China, Japan and Emerging Markets. It has a 23.07 P/E ratio. The Company’s portfolio brands include the NIKE Brand, Jordan Brand, Hurley and Converse.

NKE Company Profile

NIKE, Inc., incorporated on September 8, 1969, is engaged in the design, development, marketing and selling of athletic footwear, apparel, equipment, accessories and services. The Company’s operating divisions include North America, Western Europe, Central & Eastern Europe, Greater China, Japan and Emerging Markets. The Company’s portfolio brands include the NIKE Brand, Jordan Brand, Hurley and Converse. The Firm sells its products to retail accounts, through its retail stores and Internet Websites, and through a mix of independent distributors and licensees across the world. The Company’s products are manufactured by independent contractors.

More important recent Nike Inc (NYSE:NKE) news were published by: Fool.com which released: “Better Buy: Nike Inc. or Skechers USA Inc?” on October 13, 2016, also Fool.com published article titled: “Adidas Goes on the Offensive — Should Nike Inc. Investors Worry?”, Bloomberg.com published: “Nike’s Order Slowdown Sparks Concern That Rivals Are Gaining” on September 27, 2016. More interesting news about Nike Inc (NYSE:NKE) was released by: Investorplace.com and their article: “How Nike Inc’s Strategic Initiatives Continue to Propel Growth (NKE)” with publication date: October 11, 2016.

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