Economy

Edwards Sells 200000 Shares of Nike, Inc. (NYSE:NKE) Stock

Edwards Sells 200000 Shares of Nike, Inc. (NYSE:NKE) Stock

The footwear maker reported $0.60 earnings per share (EPS) for the quarter, topping the Thomson Reuters' consensus estimate of $0.50 by $0.10.

Currently, the stock carries a price to earnings ratio of 44.86, a price to book ratio of 8.79, and a price to sales ratio of 12.96. About 20,079 shares traded.

Nike (NYSE:NKE) last posted its earnings results on Thursday, June 29th. It has underperformed by 25.94% the S&P500.

Raymond James Financial Services Advisors Inc decreased its stake in Healthcare Svcs Grp Inc (HCSG) by 25.91% based on its latest 2016Q4 regulatory filing with the SEC. Following the completion of the transaction, the insider now directly owns 729,610 shares in the company, valued at $42,047,424.30.

According to the Recommendation Trends of the stock polled by Finviz, the company has a consensus recommendation of 2.2 out of the scale from 1 to 5 where 1 stands for Buy and 5 means Sell. It is 0.00% or $0 reaching $51.04 per share. It also upped Wisdomtree Tr (EPI) stake by 103,840 shares and now owns 308,475 shares.

The recently concluded session had traders exchanging NIKE, Inc. (NYSE:NKE), 26 have Buy rating, 2 Sell and 14 Hold. Therefore 33% are positive. Additionally Nike, Inc. announced a dividend for shareholders that was paid on Wed Jul 5, 2017. Bank of America upgraded the stock to "Buy" rating in Monday, March 14 report. Piper Jaffray maintained it with "Hold" rating and $5300 target in Friday, July 21 report. The stock has "Neutral" rating by B. Riley & Co on Wednesday, September 28. 8,732 are held by Sol Capital Mgmt.

Wall St falls on ramp-up of U.S. tension with N. Korea
Wall Street saw a stock sell-off on Thursday as rising tensions between the US and North Korea filled investors with worry. North Korea said it was completing plans to fire four intermediate-range missiles over Japan to land near the U.S.

On June 16 the stock rating was downgraded to "Hold" from "Neutral" in a report issued by JP Morgan. The stock has "Buy" rating by Jefferies on Wednesday, July 27. The stock presently has a consensus rating of "Buy" and an average price target of $61.04. Barclays Capital maintained it with "Overweight" rating and $75 target in Wednesday, March 23 report. Its up 0.04, from 0.94 in 2016Q3.

Other hedge funds have also made changes to their positions in the company. 112 funds opened positions while 405 raised stakes.

Nike (NYSE NKE) traded down 0.17% during mid-day trading on Friday, reaching $58.97.

COPYRIGHT VIOLATION WARNING: "Traders Sell Shares of Nike, Inc". Pacad invested in 78,295 shares or 0.5% of the stock. Stratos Wealth Prtn Limited reported 0.17% in Nike Inc (NYSE:NKE).

The next payable dividend for Nike, Inc.is scheduled for 10/2/2017. (NKE) has the trading volume of 5.57 Million shares with the average trading volume of 5540 shares. While the company's share hit the 52 week high on 08/03/17 stationing the value of $60.53. Shares for $1.17 million were sold by Feeler Jeffrey R. 1,600 shares were sold by Fox Daniel, worth $81,088. First Trust LP invested in 49,573 shares or 0.01% of the stock. Public Employees Retirement Association Of Colorado holds 184,783 shares or 0.07% of its portfolio. Franklin reported 11.46 million shares or 0.3% of all its holdings. Capital Incorporated Ca reported 25,250 shares stake. Stillwater Inv Mngmt Ltd Liability Com stated it has 0.95% in Nike Inc (NYSE:NKE). The dividend payment was $0.180 per share for the quarter which is $0.72 annualized.

Since March 24, 2017, it had 1 buy, and 5 selling transactions for $14.79 million activity. Lederer & Associates Investment Counsel CA increased its stake in shares of Nike by 1.4% in the first quarter.

Stock markets extend losses at open
Mainland China's benchmark Shanghai composite index is also having a rough session, a short time ago down 1.8% for the day. European stock markets fell further in opening trade on Friday on intensifying fears over North Korea, dealers said.

In other Nike news, insider Trevor A. Edwards sold 200,000 shares of the company's stock in a transaction on Wednesday, July 5th. Carmignac Gestion acquired 19,400 shares as Nike Inc (NKE)'s stock declined 8.78%. The Return on Equity ratio of NIKE, Inc. Whittier Tru Of Nevada Inc has 3,000 shares for 0.01% of their portfolio. NS Partners Ltd's holdings in Nike were worth $4,221,000 at the end of the most recent quarter.

Investors sentiment increased to 2.48 in 2016 Q4. Its down 1.18, from 2.05 in 2016Q3.

The volume of the particular stock is the shares bought and sold in a single trading day. Shares have risen 6.80% over the trailing 6 months. Bath Savings Tru accumulated 3.29% or 210,108 shares. Arizona State Retirement System reported 330,328 shares. Welch And Forbes Ltd Liability Company holds 0.02% or 9,950 shares. Its up 879.82% from 11,400 shares previously. Lathrop Inv Mgmt has 212,173 shares. (NASDAQ:HCSG) for 353,609 shares. 296,339 were reported by Virtus Investment Advisers Inc. 16,085 were accumulated by 1St Glob Advisors.

Analysts await Healthcare Services Group, Inc. They expect $0.49 earnings per share, down 32.88% or $0.24 from last year's $0.73 per share. NKE's profit will be $804.25 million for 30.20 P/E if the $0.49 EPS becomes a reality. After $0.60 actual EPS reported by Nike Inc for the previous quarter, Wall Street now forecasts -18.33% negative EPS growth.

Among 11 analysts covering HSBC Holdings (NYSE:HSBC), 3 have Buy rating, 1 Sell and 7 Hold. Therefore 55% are positive. The firm has "Underperform" rating given on Tuesday, March 15 by Scotia Capital. The rating was maintained by Credit Suisse on Wednesday, September 28 with "Outperform". The rating was maintained by Telsey Advisory Group on Tuesday, September 22 with "Outperform". The firm has "Underweight" rating given on Tuesday, August 9 by Barclays Capital.

Philip Morris International Inc (PM) Stake Reduced by Grimes & Company Inc
Since June 13, 2017, it had 0 insider buys, and 1 sale for $166,000 activity. 166 funds opened positions while 593 raised stakes. Peoples Financial Services CORP. increased its position in shares of Philip Morris International by 4.4% in the second quarter.


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