Gulf International Bank UK Ltd decreased its position in Nike, Inc. (NYSE:NKE) by 0.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 414,098 shares of the footwear maker’s stock after selling 50 shares during the period. Gulf International Bank UK Ltd’s holdings in Nike were worth $24,431,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the company. V Wealth Management LLC bought a new stake in shares of Nike during the second quarter worth $100,000. Crestwood Advisors Group LLC bought a new stake in shares of Nike during the first quarter worth $117,000. Webster Bank N. A. boosted its stake in shares of Nike by 75.5% in the first quarter. Webster Bank N. A. now owns 2,092 shares of the footwear maker’s stock worth $117,000 after buying an additional 900 shares during the period. Gierl Augustine Investment Management Inc boosted its stake in shares of Nike by 5.3% in the first quarter. Gierl Augustine Investment Management Inc now owns 2,121 shares of the footwear maker’s stock worth $118,000 after buying an additional 107 shares during the period. Finally, Asset Planning Services Ltd. bought a new stake in shares of Nike during the first quarter worth $118,000. Hedge funds and other institutional investors own 64.77% of the company’s stock.

Shares of Nike, Inc. (NYSE:NKE) remained flat at $59.76 during midday trading on Monday. 1,368,806 shares of the company’s stock traded hands. The stock has a 50-day moving average price of $56.38 and a 200-day moving average price of $55.29. Nike, Inc. has a 52-week low of $49.01 and a 52-week high of $60.33. The stock has a market cap of $98.20 billion, a PE ratio of 23.81 and a beta of 0.59.

Nike (NYSE:NKE) last issued its earnings results on Thursday, June 29th. The footwear maker reported $0.60 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.10. The business had revenue of $8.68 billion for the quarter, compared to analyst estimates of $8.63 billion. Nike had a return on equity of 34.18% and a net margin of 12.34%. The business’s quarterly revenue was up 5.3% on a year-over-year basis. During the same period last year, the company posted $0.49 EPS. Analysts predict that Nike, Inc. will post $2.42 earnings per share for the current year.

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A number of equities research analysts recently weighed in on NKE shares. Deutsche Bank AG restated a “buy” rating and set a $64.00 price objective on shares of Nike in a research note on Monday, April 10th. Berenberg Bank initiated coverage on Nike in a research note on Tuesday, May 16th. They issued a “buy” rating and a $70.00 price target for the company. Instinet reiterated a “buy” rating on shares of Nike in a research note on Monday, May 15th. Nomura reiterated a “buy” rating on shares of Nike in a research note on Monday, May 15th. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a $75.00 price target on shares of Nike in a research note on Monday, May 15th. Two analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and twenty-two have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $61.04.

In related news, CFO Andrew Campion sold 96,243 shares of the stock in a transaction on Friday, June 30th. The stock was sold at an average price of $56.68, for a total value of $5,455,053.24. Following the completion of the sale, the chief financial officer now directly owns 50,246 shares in the company, valued at approximately $2,847,943.28. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CAO Hilary K. Krane sold 28,072 shares of the stock in a transaction on Friday, July 14th. The shares were sold at an average price of $58.10, for a total value of $1,630,983.20. Following the completion of the sale, the chief accounting officer now owns 177,723 shares of the company’s stock, valued at $10,325,706.30. The disclosure for this sale can be found here. Insiders sold a total of 492,360 shares of company stock worth $28,485,174 over the last ninety days. Corporate insiders own 3.90% of the company’s stock.

About Nike

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.

Institutional Ownership by Quarter for Nike (NYSE:NKE)

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