Tiaa Fsb reduced its holdings in shares of Nike Inc (NYSE:NKE) by 3.7% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 129,324 shares of the footwear maker’s stock after selling 5,009 shares during the quarter. Tiaa Fsb’s holdings in Nike were worth $8,089,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Allegis Investment Advisors LLC increased its holdings in shares of Nike by 47.7% in the second quarter. Allegis Investment Advisors LLC now owns 24,685 shares of the footwear maker’s stock valued at $1,456,000 after purchasing an additional 7,968 shares during the period. BARING ASSET MANAGEMENT Ltd increased its holdings in shares of Nike by 79.7% in the second quarter. BARING ASSET MANAGEMENT Ltd now owns 46,302 shares of the footwear maker’s stock valued at $2,731,000 after purchasing an additional 20,531 shares during the period. Ballentine Partners LLC increased its holdings in shares of Nike by 34.2% in the second quarter. Ballentine Partners LLC now owns 20,373 shares of the footwear maker’s stock valued at $1,207,000 after purchasing an additional 5,188 shares during the period. Taurus Asset Management LLC increased its holdings in shares of Nike by 0.9% in the second quarter. Taurus Asset Management LLC now owns 286,077 shares of the footwear maker’s stock valued at $16,879,000 after purchasing an additional 2,550 shares during the period. Finally, Douglass Winthrop Advisors LLC increased its holdings in shares of Nike by 372.0% in the second quarter. Douglass Winthrop Advisors LLC now owns 621,313 shares of the footwear maker’s stock valued at $36,657,000 after purchasing an additional 489,681 shares during the period. 62.65% of the stock is currently owned by institutional investors.

A number of research analysts have recently weighed in on the company. B. Riley reissued a “neutral” rating on shares of Nike in a report on Wednesday, November 1st. Stifel Nicolaus restated a “buy” rating and issued a $74.00 target price on shares of Nike in a research note on Friday, December 22nd. Macquarie set a $72.00 target price on Nike and gave the stock a “buy” rating in a research note on Thursday, January 11th. Cowen set a $64.00 target price on Nike and gave the stock a “hold” rating in a research note on Thursday, January 11th. Finally, UBS Group set a $76.00 target price on Nike and gave the stock a “buy” rating in a research note on Thursday, February 1st. Two analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and twenty-three have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $65.37.

In other news, insider Eric D. Sprunk sold 100,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 30th. The stock was sold at an average price of $67.66, for a total value of $6,766,000.00. Following the transaction, the insider now owns 227,199 shares in the company, valued at $15,372,284.34. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Monique S. Matheson sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, December 11th. The shares were sold at an average price of $62.00, for a total value of $620,000.00. Following the completion of the transaction, the executive vice president now owns 23,248 shares in the company, valued at approximately $1,441,376. The disclosure for this sale can be found here. In the last 90 days, insiders sold 932,896 shares of company stock worth $59,594,217. Company insiders own 3.90% of the company’s stock.

Nike Inc (NYSE NKE) opened at $65.93 on Tuesday. The stock has a market capitalization of $106,548.23, a P/E ratio of 28.56, a price-to-earnings-growth ratio of 2.96 and a beta of 0.68. The company has a current ratio of 2.46, a quick ratio of 1.67 and a debt-to-equity ratio of 0.30. Nike Inc has a 1 year low of $50.35 and a 1 year high of $68.83.

Nike (NYSE:NKE) last issued its quarterly earnings results on Thursday, December 21st. The footwear maker reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.06. The company had revenue of $8.55 billion for the quarter, compared to the consensus estimate of $8.39 billion. Nike had a return on equity of 31.64% and a net margin of 11.13%. Nike’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.50 earnings per share. equities analysts forecast that Nike Inc will post 2.26 EPS for the current fiscal year.

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Nike Profile

NIKE, Inc is engaged in the design, development, marketing and selling of athletic footwear, apparel, equipment, accessories and services. The Company’s operating segments include North America, Western Europe, Central & Eastern Europe, Greater China, Japan and Emerging Markets. Its portfolio brands include the NIKE Brand, Jordan Brand, Hurley and Converse.

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Institutional Ownership by Quarter for Nike (NYSE:NKE)

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