In today’s session Nike Inc (NKE) registered an unusually high (1,210) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2017 call, expecting serious NKE increase. With 1,210 contracts traded and 27494 open interest for the Jan, 17 contract, it seems this is a quite bullish bet. The option with symbol: NKE170120C00050000 closed last at: $2.06 or 1.4% down. About 2.87M shares traded hands. Nike Inc (NYSE:NKE) has declined 16.27% since April 5, 2016 and is downtrending. It has underperformed by 18.23% the S&P500.
Nike Inc (NYSE:NKE) Ratings Coverage
Out of 35 analysts covering Nike Inc. (NYSE:NKE), 22 rate it a “Buy”, 1 “Sell”, while 12 “Hold”. This means 63% are positive. $156.0 is the highest target while $51 is the lowest. The $84.06 average target is 65.83% above today’s ($50.69) stock price. Nike Inc. has been the topic of 106 analyst reports since July 29, 2015 according to StockzIntelligence Inc. The stock has “Outperform” rating given by Credit Suisse on Friday, September 25. The company was upgraded on Monday, October 19 by BB&T Capital. The stock of Nike Inc (NYSE:NKE) has “Overweight” rating given on Wednesday, June 29 by Piper Jaffray. On Wednesday, June 29 the stock rating was maintained by DA Davidson with “Buy”. The firm has “Outperform” rating given on Monday, November 2 by Telsey Advisory Group. The rating was downgraded by Goldman Sachs to “Buy” on Wednesday, December 2. The firm has “Hold” rating given on Wednesday, September 28 by Brean Capital. On Thursday, October 15 the stock rating was maintained by FBR Capital with “Mkt Perform”. B. Riley & Co maintained it with “Buy” rating and $135 target price in Friday, September 25 report. Morgan Stanley maintained Nike Inc (NYSE:NKE) on Wednesday, March 23 with “Overweight” rating.
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 fall, 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.
Halsey Associate Ct holds 0.15% or 12,343 shares in its portfolio. Signaturefd Ltd Liability Corporation, a Georgia-based fund reported 1,965 shares. Telemus Capital Ltd Com accumulated 0.23% or 33,125 shares. Ramsay Stattman Vela Price Inc accumulated 3.05% or 111,695 shares. Exxonmobil Invest Tx holds 344,651 shares or 0.4% of its portfolio. Riggs Asset Managment Incorporated accumulated 1,820 shares or 0.05% of the stock. Verition Fund Limited Liability Com accumulated 30,255 shares or 0.21% of the stock. Lowe Brockenbrough And Com owns 9,445 shares or 0.09% of their US portfolio. Pictet & Cie (Europe), a Luxembourg-based fund reported 207,650 shares. Nikko Asset Americas holds 0.08% or 15,800 shares in its portfolio. Tctc Ltd Llc owns 8,848 shares or 0.03% of their US portfolio. Augustine Asset Management Inc, a Florida-based fund reported 70,348 shares. Everett Harris And Ca accumulated 1.13M shares or 2.22% of the stock. Moreover, Baldwin Investment Management Limited has 0.9% invested in Nike Inc (NYSE:NKE) for 38,155 shares. Lathrop Investment Mgmt reported 211,912 shares or 3.63% of all its holdings.
Insider Transactions: Since July 1, 2016, the stock had 2 buys, and 3 insider sales for $17.26 million net activity. Another trade for 100,000 shares valued at $5.70 million was made by Krane Hilary K on Monday, July 25. On Tuesday, July 26 the insider Slusher John F sold $4.20 million. Shares for $52,717 were bought by LECHLEITER JOHN C. 150,000 shares with value of $7.47 million were sold by PARKER MARK G on Tuesday, November 1.
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 $83.66 billion. The Company’s operating divisions include North America, Western Europe, Central & Eastern Europe, Greater China, Japan and Emerging Markets. It has a 22.87 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 notable recent Nike Inc (NYSE:NKE) news were published by: Fool.com which released: “Better Buy: Nike Inc vs. Adidas” on October 19, 2016, also Fool.com with their article: “Nike Inc.’s “ManRev” Project — How Nike Plans to Shape the Future of …” published on October 27, 2016, Investorplace.com published: “Nike Inc (NKE) Stock Is Ready for a BIG Comeback” on October 31, 2016. More interesting news about Nike Inc (NYSE:NKE) were released by: Fool.com and their article: “Better Buy: Nike Inc. or Skechers USA Inc?” published on October 13, 2016 as well as Fool.com‘s news article titled: “Nike Inc.’s Inventory Challenge Isn’t as Bad as It Looks” with publication date: October 24, 2016.
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