Grimes & Company INC Has Increased Its Stake in Nike INC (NKE) as Market Valuation Declined

January 15, 2018 - By Vivian Park

Investors sentiment decreased to 0.8 in 2017 Q3. Its down 0.20, from 1 in 2017Q2. It fall, as 87 investors sold NKE shares while 457 reduced holdings. 78 funds opened positions while 358 raised stakes. 985.62 million shares or 0.88% less from 994.42 million shares in 2017Q2 were reported. Moreover, Tradewinds Management Limited Liability Co has 0.01% invested in NIKE, Inc. (NYSE:NKE) for 556 shares. Vanguard Gp accumulated 0.24% or 100.38M shares. Tdam Usa holds 0.13% of its portfolio in NIKE, Inc. (NYSE:NKE) for 41,300 shares. Cambridge Invest Rech Advisors invested 0.05% in NIKE, Inc. (NYSE:NKE). Asset Management One Ltd accumulated 2.11M shares or 0.26% of the stock. Bragg Fin Advsrs Inc reported 0.04% stake. Ally Finance has invested 1.14% in NIKE, Inc. (NYSE:NKE). Finance Advisory Ser owns 9,740 shares or 0.14% of their US portfolio. 379 were reported by Plante Moran Fincl Advsr Limited. 127,144 were accumulated by Ramsay Stattman Vela Price. King Wealth Group Limited Liability stated it has 6,540 shares. Two Sigma Securities invested 0.1% of its portfolio in NIKE, Inc. (NYSE:NKE). The Alabama-based Wealthtrust has invested 0.34% in NIKE, Inc. (NYSE:NKE). Reynders Mcveigh Capital Management Lc has invested 1.34% of its portfolio in NIKE, Inc. (NYSE:NKE). Reliance Of Delaware invested in 4,356 shares.

Since September 14, 2017, it had 0 insider buys, and 6 sales for $23.60 million activity. Matheson Monique S. sold $620,000 worth of NIKE, Inc. (NYSE:NKE) on Monday, December 11. 135,000 NIKE, Inc. (NYSE:NKE) shares with value of $8.78 million were sold by PARKER MARK G. RODGERS JOHNATHAN A had sold 16,000 shares worth $855,206 on Thursday, September 14.

Grimes & Company Inc increased its stake in Nike Inc. (NKE) by 2409.88% based on its latest 2017Q3 regulatory filing with the SEC. Grimes & Company Inc bought 112,397 shares as the company’s stock declined 8.78% while stock markets rallied. The institutional investor held 117,061 shares of the consumer non-durables company at the end of 2017Q3, valued at $6.07 million, up from 4,664 at the end of the previous reported quarter. Grimes & Company Inc who had been investing in Nike Inc. for a number of months, seems to be bullish on the $105.51 billion market cap company. The stock increased 0.59% or $0.38 during the last trading session, reaching $64.67. About 5.14 million shares traded. NIKE, Inc. (NYSE:NKE) has declined 9.24% since January 15, 2017 and is downtrending. It has underperformed by 25.94% the S&P500.

More notable recent NIKE, Inc. (NYSE:NKE) news were published by: Fool.com which released: “Why Nike, Inc. Stock Jumped 23% Last Year” on January 11, 2018, also Fool.com with their article: “Why 2017 Was a Year to Forget for Nike, Inc.” published on December 27, 2017, Usnews.com published: “Nike Faces a Tough Road Ahead” on December 29, 2017. More interesting news about NIKE, Inc. (NYSE:NKE) were released by: Fool.com and their article: “Better Buy: NIKE, Inc. (NKE) vs. Adidas (ADDYY)” published on January 11, 2018 as well as Fool.com‘s news article titled: “Nike, Inc. (NKE) Q2 2018 Earnings Conference Call Transcript” with publication date: December 22, 2017.

NIKE, Inc. (NYSE:NKE) Ratings Coverage

Among 44 analysts covering Nike Inc. (NYSE:NKE), 23 have Buy rating, 2 Sell and 19 Hold. Therefore 52% are positive. Nike Inc. has $156.0 highest and $42.0 lowest target. $69.26’s average target is 7.10% above currents $64.67 stock price. Nike Inc. had 217 analyst reports since July 29, 2015 according to SRatingsIntel. Argus Research maintained NIKE, Inc. (NYSE:NKE) on Monday, December 28 with “Buy” rating. The stock has “Hold” rating by Cowen & Co on Thursday, December 7. The stock of NIKE, Inc. (NYSE:NKE) earned “Neutral” rating by Wedbush on Wednesday, November 2. Canaccord Genuity maintained NIKE, Inc. (NYSE:NKE) on Tuesday, December 19 with “Hold” rating. The rating was maintained by Barclays Capital on Wednesday, September 28 with “Overweight”. The stock of NIKE, Inc. (NYSE:NKE) has “Buy” rating given on Monday, October 19 by BB&T Capital. Morgan Stanley maintained the stock with “Equal-Weight” rating in Wednesday, September 28 report. The rating was maintained by Piper Jaffray with “Hold” on Friday, April 7. The firm earned “Buy” rating on Friday, September 8 by Robert W. Baird. The firm has “Overweight” rating given on Wednesday, June 29 by Piper Jaffray.

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