As Nike INC (NKE) Market Value Rose, Holder Stevens Capital Management LP Has Lifted Its Stake

NIKE, Inc. (NYSE:NKE) LogoInvestors sentiment increased to 0.83 in 2018 Q2. Its up 0.18, from 0.65 in 2018Q1. It is positive, as 43 investors sold NKE shares while 480 reduced holdings. 123 funds opened positions while 313 raised stakes. 982.71 million shares or 1.47% less from 997.42 million shares in 2018Q1 were reported. Everett Harris Ca invested in 1.04 million shares or 2.25% of the stock. Chemical Fincl Bank reported 0.38% stake. Gould Asset Mgmt Limited Liability Co Ca owns 3,585 shares. Arizona State Retirement owns 412,098 shares for 0.33% of their portfolio. Cape Cod Five Cents Bank & Trust has invested 1.14% of its portfolio in NIKE, Inc. (NYSE:NKE). Arrow Financial Corporation holds 0.41% or 22,745 shares in its portfolio. Ghp Advsr Inc has invested 0.04% in NIKE, Inc. (NYSE:NKE). D E Shaw invested in 160,938 shares. Psagot House Limited owns 0.02% invested in NIKE, Inc. (NYSE:NKE) for 4,200 shares. Envestnet Asset Management Inc reported 0.12% stake. Baldwin Brothers Ma invested 0.1% in NIKE, Inc. (NYSE:NKE). Moreover, Savant Capital has 0.09% invested in NIKE, Inc. (NYSE:NKE). Tompkins Financial Corporation owns 7,059 shares. Gam Ag, a Switzerland-based fund reported 123,984 shares. Edgewood Management Limited Com holds 4.48% or 15.50 million shares.

Since June 5, 2018, it had 0 insider purchases, and 9 sales for $28.37 million activity. Krane Hilary K had sold 40,000 shares worth $3.06M on Thursday, July 5. Shares for $8.24M were sold by Campion Andrew. Hill Elliott sold $448,774 worth of stock or 5,741 shares. 150,000 shares were sold by SPRUNK ERIC D, worth $11.86 million. The insider RODGERS JOHNATHAN A sold 16,000 shares worth $1.36M.

Stevens Capital Management Lp increased its stake in Nike Inc (NKE) by 337.56% based on its latest 2018Q2 regulatory filing with the SEC. Stevens Capital Management Lp bought 361,054 shares as the company’s stock rose 12.00% with the market. The hedge fund held 468,015 shares of the consumer non-durables company at the end of 2018Q2, valued at $37.29 million, up from 106,961 at the end of the previous reported quarter. Stevens Capital Management Lp who had been investing in Nike Inc for a number of months, seems to be bullish on the $119.97 billion market cap company. The stock decreased 0.33% or $0.25 during the last trading session, reaching $75.54. About 9.69M shares traded or 27.46% up from the average. NIKE, Inc. (NYSE:NKE) has risen 55.43% since December 7, 2017 and is uptrending. It has outperformed by 39.81% the S&P500.

Stevens Capital Management Lp, which manages about $6.88B and $2.79B US Long portfolio, decreased its stake in Cvs Health Corp (NYSE:CVS) by 106,325 shares to 13,861 shares, valued at $892,000 in 2018Q2, according to the filing. It also reduced its holding in Svb Finl Group (NASDAQ:SIVB) by 28,862 shares in the quarter, leaving it with 12,511 shares, and cut its stake in Exelon Corp (NYSE:EXC).

More notable recent NIKE, Inc. (NYSE:NKE) news were published by: Fool.com which released: “3 Top Stocks That Are Cash Cows – Motley Fool” on November 20, 2018, also Bizjournals.com with their article: “Nike (NYSE: NKE) defense strategy emerges in toxic workplace lawsuits – Portland Business – Portland Business Journal” published on November 07, 2018, Investorplace.com published: “Nike Stock, America’s Best Marketer, Is On Sale – Investorplace.com” on November 15, 2018. More interesting news about NIKE, Inc. (NYSE:NKE) were released by: Bizjournals.com and their article: “Nike (NYSE: NKE) co-founder Phil Knight’s philanthropy: The clues hidden in 20 years of tax records – Portland Business – Portland Business Journal” published on November 15, 2018 as well as Streetinsider.com‘s news article titled: “Nike (NKE) Raises Quarterly Dividend 10% to $0.22; 1.2% Yield – StreetInsider.com” with publication date: November 15, 2018.

NIKE, Inc. (NYSE:NKE) Ratings Coverage

Among 22 analysts covering Nike (NYSE:NKE), 13 have Buy rating, 0 Sell and 9 Hold. Therefore 59% are positive. Nike has $103 highest and $6800 lowest target. $86.90’s average target is 15.04% above currents $75.54 stock price. Nike had 33 analyst reports since June 11, 2018 according to SRatingsIntel. As per Thursday, June 21, the company rating was downgraded by UBS. Morgan Stanley maintained the shares of NKE in report on Wednesday, September 26 with “Overweight” rating. Citigroup maintained NIKE, Inc. (NYSE:NKE) rating on Friday, June 29. Citigroup has “Buy” rating and $87 target. Susquehanna upgraded the shares of NKE in report on Monday, August 20 to “Positive” rating. The stock has “Buy” rating by Stifel Nicolaus on Friday, June 29. HSBC downgraded the shares of NKE in report on Wednesday, October 3 to “Hold” rating. The stock of NIKE, Inc. (NYSE:NKE) has “Buy” rating given on Wednesday, September 26 by Deutsche Bank. The firm earned “Hold” rating on Wednesday, September 26 by Jefferies. Stifel Nicolaus maintained it with “Buy” rating and $96 target in Monday, September 24 report. On Monday, June 11 the stock rating was maintained by Wells Fargo with “Market Perform”.

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

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