Comerica Securities Inc. trimmed its position in Nike, Inc. (NYSE:NKE) by 4.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 32,346 shares of the footwear maker’s stock after selling 1,407 shares during the period. Comerica Securities Inc.’s holdings in Nike were worth $1,914,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Asset Planning Services Ltd. increased its position in shares of Nike by 0.3% in the 2nd quarter. Asset Planning Services Ltd. now owns 2,132 shares of the footwear maker’s stock valued at $126,000 after acquiring an additional 7 shares during the period. Stearns Financial Services Group grew its position in Nike by 0.4% during the 2nd quarter. Stearns Financial Services Group now owns 4,160 shares of the footwear maker’s stock worth $245,000 after purchasing an additional 17 shares during the period. Accredited Investors Inc. grew its position in Nike by 0.5% during the 1st quarter. Accredited Investors Inc. now owns 4,167 shares of the footwear maker’s stock worth $232,000 after purchasing an additional 19 shares during the period. Smith Shellnut Wilson LLC ADV grew its position in Nike by 0.3% during the 2nd quarter. Smith Shellnut Wilson LLC ADV now owns 14,894 shares of the footwear maker’s stock worth $822,000 after purchasing an additional 41 shares during the period. Finally, Buckingham Asset Management LLC grew its position in Nike by 0.7% during the 2nd quarter. Buckingham Asset Management LLC now owns 6,797 shares of the footwear maker’s stock worth $401,000 after purchasing an additional 45 shares during the period. 62.24% of the stock is currently owned by hedge funds and other institutional investors.

Nike, Inc. (NKE) opened at $55.91 on Tuesday. The company has a current ratio of 2.67, a quick ratio of 1.81 and a debt-to-equity ratio of 0.29. Nike, Inc. has a 1 year low of $49.75 and a 1 year high of $60.53. The firm has a market cap of $91,511.79, a PE ratio of 23.87, a price-to-earnings-growth ratio of 2.62 and a beta of 0.60.

Nike (NYSE:NKE) last issued its earnings results on Tuesday, September 26th. The footwear maker reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.09. Nike had a net margin of 11.47% and a return on equity of 31.88%. The company had revenue of $9.07 billion for the quarter, compared to analyst estimates of $9.08 billion. During the same period in the prior year, the business posted $0.73 earnings per share. The firm’s revenue for the quarter was up .1% compared to the same quarter last year. equities analysts anticipate that Nike, Inc. will post 2.29 EPS for the current fiscal year.

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Several equities research analysts have weighed in on NKE shares. Vetr raised Nike from a “buy” rating to a “strong-buy” rating and set a $57.97 price target on the stock in a research report on Wednesday, October 4th. Jefferies Group LLC downgraded Nike from a “buy” rating to a “hold” rating and cut their price target for the stock from $75.00 to $60.00 in a research report on Monday, August 21st. Canaccord Genuity reaffirmed a “hold” rating and set a $50.00 price target (down from $51.00) on shares of Nike in a research report on Wednesday, September 27th. Susquehanna Bancshares Inc restated a “hold” rating and set a $47.00 target price (down from $54.00) on shares of Nike in a research report on Wednesday, September 27th. Finally, Instinet restated a “buy” rating and set a $62.00 target price (up from $59.00) on shares of Nike in a research report on Wednesday, September 27th. Three equities research analysts have rated the stock with a sell rating, twenty have given a hold rating and twenty have given a buy rating to the stock. Nike presently has an average rating of “Hold” and an average price target of $58.93.

In other Nike news, Chairman Mark G. Parker sold 135,000 shares of the company’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $55.03, for a total transaction of $7,429,050.00. Following the transaction, the chairman now directly owns 1,637,736 shares in the company, valued at $90,124,612.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Johnathan A. Rodgers sold 16,000 shares of the company’s stock in a transaction dated Thursday, September 14th. The stock was sold at an average price of $53.45, for a total transaction of $855,200.00. Following the transaction, the director now owns 25,660 shares in the company, valued at $1,371,527. The disclosure for this sale can be found here. 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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