Nike, Inc. (NKE) Given a $64.00 Price Target at Buckingham Research

It also reduced its holding in Qualcomm Inc (NASDAQ:QCOM) by 15,750 shares in the quarter, leaving it with 141,545 shares, and cut its stake in General Electric Co (NYSE:GE). Kovitz Investment Group Partners LLC's holdings in Nike were worth $3,892,000 at the end of the most recent quarter. It dived, as 82 investors sold NKE shares while 439 reduced holdings. Wellington Management Group LLP boosted its position in Nike by 5.0% during the 1st quarter. State Street Corp increased its holdings in shares of Nike by 1.4% during the 1st quarter. Edgewood Management LLC now owns 11,873,490 shares of the footwear maker's stock worth $661,710,000 after acquiring an additional 441,507 shares during the period. Hartford Investment Management Co. grew its position in shares of Nike by 5.5% in the 2nd quarter. Wellington Management Group LLP now owns 49,907,256 shares of the footwear maker's stock worth $2,781,332,000 after acquiring an additional 2,375,447 shares during the period. WINTON GROUP Ltd boosted its position in Nike by 2,434.9% during the 1st quarter. State Street Corp now owns 59,554,253 shares of the footwear maker's stock worth $3,319,086,000 after acquiring an additional 835,003 shares during the period. Finally, Eastern Bank boosted its position in Nike by 1.2% during the 2nd quarter. The firm owned 100,961 shares of the footwear maker's stock after selling 1,990 shares during the quarter. (NKE). These ratios are important while doing valuation of the company or the shares of the company.

ILLEGAL ACTIVITY WARNING: This piece was first reported by TrueBlueTribune and is the sole property of of TrueBlueTribune. If you are accessing this report on another publication, it was copied illegally and reposted in violation of United States & worldwide copyright law. The legal version of this piece can be read at https://www.truebluetribune.com/2017/10/17/nike-inc-nke-shares-sold-by-canada-pension-plan-investment-board.html. Trilogy Global Advisors Lp sold 14,077 shares as Nike Inc (NKE)'s stock declined 8.78%. Nike Inc (NYSE:NKE) has declined 9.24% since October 16, 2016 and is downtrending.

Trilogy Global Advisors Lp decreased Nike Inc (NKE) stake by 7.59% reported in 2017Q2 SEC filing. Nike, Inc. The company has a market cap of $84.20 billion, a PE ratio of 21.87 and a beta of 0.61. Credit Suisse maintained Nike Inc (NYSE:NKE) on Friday, September 25 with "Outperform" rating. The footwear maker reported $0.57 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.48 by $0.09.

Analysts believe that the company has the potential to earn average revenue of $8.4 Billion for the current quarter. Nike had a return on equity of 31.88% and a net margin of 11.47%. Nike's quarterly revenue was up 5.3% on a year-over-year basis. During the same period past year, the firm earned $0.73 EPS. Equities analysts anticipate that Nike, Inc. will post $2.41 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, October 2nd. Investors of record on Tuesday, September 5th were issued a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 1.40%. The ex-dividend date is Thursday, August 31st. Triangle Wealth Management reported 0.36% of its portfolio in Nike Inc (NYSE:NKE). Piper Jaffray Companies set a $53.00 price target on Nike and gave the stock a "hold" rating in a research report on Saturday, July 22nd. Mizuho maintained the shares of UHS in report on Friday, January 22 with "Buy" rating. Cowen and Company set a $54.00 price objective on Nike and gave the stock a "hold" rating in a research note on Friday, August 4th. Finally, Barclays PLC reaffirmed an "overweight" rating and set a $65.00 target price on shares of Nike in a research report on Friday, June 30th. Four research analysts have rated the stock with a sell rating, eighteen have given a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the company. Nike now has a consensus rating of "Hold" and a consensus target price of $59.14. Also, CFO Andrew Campion sold 5,722 shares of the firm's stock in a transaction on Monday, July 24th. The shares were sold at an average price of $58.61, for a total value of $6,583,251.03. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

In other news, Director Johnathan A. Rodgers sold 16,000 shares of the stock in a transaction that occurred on Thursday, September 14th. The stock was sold at an average price of $53.45, for a total transaction of $855,200.00.

The company's stock is now moving with a -ve distance from the 200 day SMA of approximately -6.41%, and has a solid year to date (YTD) performance of 1.06% which means that the stock is constantly adding to its value from the previous fiscal year end price. The disclosure for this sale can be found here. The Cramer Rosenthal Mcglynn Llc holds 313,046 shares with $38.22M value, down from 387,995 last quarter.