Nike INC (NKE) Shares Rose While Eaton Vance Management Decreased Its Stake

June 27, 2018 - By Cynthia Ashman

NIKE, Inc. (NYSE:NKE) Corporate LogoDuring Q1 2018 the big money sentiment decreased to 0.65. That’s change of 0.09, from 2017Q4’s 0.74. 64 investors sold all, 515 reduced holdings as NKE ratio fall. 277 grew stakes while 100 funds acquired stakes. Funds hold 997.42 million shares thus 1.70% less from 2017Q4’s 1.01 billion shares. Eastern Retail Bank has invested 0.88% of its capital in NIKE, Inc. (NYSE:NKE). South State reported 46,625 shs. Bluefin Trading has invested 0.15% in NIKE, Inc. (NYSE:NKE). 500,951 are held by Sumitomo Mitsui Asset Mngmt Limited. Moreover, Fdx Advsrs has 0.15% invested in NIKE, Inc. (NYSE:NKE). Bath Savings Tru invested in 3.47% or 208,706 shs. Tb Alternative Assets Ltd accumulated 24,800 shs. New Jersey-based Condor Cap Mgmt has invested 0.34% in NIKE, Inc. (NYSE:NKE). Oakbrook Limited Com holds 576,051 shs. Blue Chip Ptnrs holds 0.07% of its capital in NIKE, Inc. (NYSE:NKE) for 4,005 shs. Mirae Asset Global Limited owns 337,326 shs for 0.29% of their capital. Guggenheim Ltd Com invested in 645,085 shs or 0.1% of the stock. Cullen Frost Bankers stated it has 51,687 shs or 0.1% of all its holdings. Homrich Berg reported 0.02% stake. Sawgrass Asset Management Ltd Limited Liability Company has invested 2.91% in NIKE, Inc. (NYSE:NKE).

NKE had 10 selling transactions and 0 insider buys since January 2, 2018. This’s net activity of $56.97 million. Another trade for 45,000 shs valued at $3.33M was made by SPRUNK ERIC D on Tuesday, June 5. Shares for $4.75M were sold by Slusher John F on Friday, January 5. $1.28 million worth of NIKE, Inc. (NYSE:NKE) was sold by Matheson Monique S. on Thursday, June 7. $6.85M worth of NIKE, Inc. (NYSE:NKE) was sold by EDWARDS TREVOR A.

Based on the latest 2018Q1 regulatory filing with the SEC, Eaton Vance Management reduced its stake in Nike Inc (NKE) by 0.94%. By selling 56,568 shares Eaton Vance Management made the stock popped up with 3.73%. The consumer non-durables company at the end of 2018Q1 was priced at $393.99M. It’s down from 5.99 million at the end of the previous reported quarter. Now it had 5.93M shares held by the institutional investor . Nike Inc has $117.38 billion MC. Ticker’s shares touched $72.83 during the last trading session after 0.37% change.Currently NIKE, Inc. is uptrending after 38.01% change in last June 27, 2017. NKE has 1.32 million shares volume. NKE outperformed by 25.44% the S&P 500.

Eaton Vance Management operates about $88.88 billion and $40.48B US Long portfolio. Its stake in Aflac Inc (NYSE:AFL) was increased by 653,407 shares to 1.27M shares valued at $55.42 million in 2018Q1, according to the filing. For a total of 13.01M shares it increased its holding in Bank Amer Corp (NYSE:BAC) by 541,297 shares in the quarter, and has risen its stake in Texas Instrs Inc (NASDAQ:TXN).

On June, 28 WallStreet awaited NIKE, Inc. (NYSE:NKE)’s earnings release, according to Zacks. Analysts predict 6.67 % diference or $0.64 from the $0.6 EPS from 2017. This could reach $1.03B profit for NKE assuming the current $0.64 earnings per share will become reality. After $0.68 earnings per share was announced previous quarter, analysts now see negative EPS growth of -5.88 % for NIKE, Inc..

For more NIKE, Inc. (NYSE:NKE) news brought out briefly go to: Benzinga.com, 247Wallst.com, Seekingalpha.com, Seekingalpha.com or Seekingalpha.com. The titles are as follows: “Stifel: Nike ‘Uniquely Positioned’ In Shift To Direct-To-Consumer” brought out on June 20, 2018, “What to Expect When Nike Reports Thursday” on June 25, 2018, “It’s Earnings Season And Nike Investors Should Be Worried” with a publish date: June 25, 2018, “Can Amazon Save Nike?” and the last “Is It Time To Sell Nike?” with publication date: June 15, 2018.

NIKE, Inc. (NYSE:NKE) Ratings Coverage

A total of 20 analysts rate Nike (NYSE:NKE) as follows: 10 “Buy”, 10 “Hold” and 0 “Sell”. Тherefore 50% are bullish. The firm has $87 highest and $60.0 lowest target. The avg target $74.50 is 2.29% above the last ($72.83) price. (NYSE:NKE) has 30 ratings reports on Jun 27, 2018 according to StockzIntelligence. The stock rating was maintained by Cowen & Co with “Hold” on Wednesday, January 31. On Thursday, January 11 the rating was maintained by Macquarie Research with “Buy”. On Wednesday, January 31 the stock of NIKE, Inc. (NYSE:NKE) has “Buy” rating given by Oppenheimer. On Thursday, February 15 the firm earned “Buy” rating by Stifel Nicolaus. On Friday, June 22 the company was downgraded by Buckingham Research. On Thursday, June 21 Robert W. Baird maintained NIKE, Inc. (NYSE:NKE) with “Buy” rating. In Friday, January 19 report Wedbush upgraded the stock to “Outperform” rating. On Friday, March 23 the stock has “Buy” rating by Stifel Nicolaus. On Friday, March 23 the stock of NIKE, Inc. (NYSE:NKE) earned “Hold” rating by Canaccord Genuity. On Friday, March 23 the stock of NIKE, Inc. (NYSE:NKE) earned “Buy” rating by Deutsche Bank.

NIKE, Inc. (NYSE:NKE) Institutional Investors Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.




Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: