Eaton Vance Management Stake in Nike INC (NKE) Decreased as Shares Rose

June 27, 2018 - By Anthony Rauscher

NIKE, Inc. (NYSE:NKE) Corporate LogoDuring Q1 2018 the big money sentiment decreased to 0.65. That’s change of 0.09, from 2017Q4’s 0.74. 64 investors sold all, 515 reduced holdings as NKE ratio is negative. 277 grew holdings while 100 funds amassed holdings. Funds hold 997.42 million shares thus 1.70% less from 2017Q4’s 1.01 billion shares. Colonial Trust Advisors invested in 138,888 shs or 1.88% of the stock. Baker Ellis Asset Mgmt Ltd Liability Co owns 30,688 shs for 0.53% of their capital. State Of Wisconsin Investment Board owns 1.73 million shs or 0.33% of their US capital. 224,005 were accumulated by Nomura Asset Management Limited. Prentiss Smith reported 475 shs or 0.02% of all its holdings. Alphamark Advisors Ltd Company reported 6 shs or 0% of all its holdings. Telos Capital Mgmt Inc holds 50,205 shs or 1.19% of its capital. Moreover, Canandaigua Comml Bank has 0.57% invested in NIKE, Inc. (NYSE:NKE) for 66,736 shs. 2,424 are owned by Oakworth Inc. Wilbanks Smith And Thomas Asset Mgmt Ltd Liability Company invested in 0.02% or 3,347 shs. D E Shaw And Incorporated owns 66,998 shs or 0.01% of their US capital. Lau Associate Limited Liability Corp has invested 1.28% in NIKE, Inc. (NYSE:NKE). Becker Capital Management has 0.37% invested in NIKE, Inc. (NYSE:NKE). Papp L Roy & Assocs reported 80,488 shs stake. Suncoast Equity stated it has 3.99% of its capital in NIKE, Inc. (NYSE:NKE).

NKE had 10 insider sales and 0 buys since January 2, 2018. This’s net activity of $56.97 million. SPRUNK ERIC D sold $3.24M worth of NIKE, Inc. (NYSE:NKE) on Tuesday, May 22. $4.75 million worth of NIKE, Inc. (NYSE:NKE) shs were sold by Slusher John F. On Monday, June 4 $9.86 million worth of stock was sold by PARKER MARK G. Shares for $1.28 million were sold by Matheson Monique S..

In 2018Q1 SEC form is reported Eaton Vance Management’s holdings in Nike Inc (NKE) which was reduced by 0.94%. By selling 56,568 shares Eaton Vance Management made the stock popped up with 3.73%. At the end of 2018Q1, the 5.93 million shares of the consumer non-durables company held by the institutional investor were valued at $393.99M, down from 5.99 million at the end of the previous reported quarter. Nike Inc has $117.38B market cap. Ticker’s shares touched $72.83 during the last trading session after 0.37% change.Currently NIKE, Inc. is uptrending after 38.01% change in last June 27, 2017. NKE has 1.32 million shares volume. The stock outperformed the S&P500 by 25.44%.

Eaton Vance Management operates about $88.88B and $40.48 billion US Long portfolio. It increased its stake in Qualcomm Inc (NASDAQ:QCOM) by 77,211 shares to 6.04M shares, valued at $334.44 million in 2018Q1, according to the filing. Eaton Vance Management has risen its stake in Tiffany & Co New (NYSE:TIF) and also increased its holding in Bank Amer Corp (NYSE:BAC) by 541,297 shares in the quarter, for a total of 13.01M shares.

On June, 28 after the close. Investors wait NIKE, Inc. (NYSE:NKE) to publish its quarterly earnings, as reported by RTT. Analysts forecast $0.64 earnings per share, which is $0.04 up or 6.67 % from 2017’s $0.6 earnings per share. NKE’s profit could be $1.03 billion with 28.45 P/E in case $0.64 earnings per share is reported. -5.88 % negative EPS growth is what analysts predict. $0.68 earnings per share was reported for previous quarter.

For more NIKE, Inc. (NYSE:NKE) news announced briefly go to: Seekingalpha.com, 247Wallst.com, Benzinga.com, Seekingalpha.com or Seekingalpha.com. The titles are as follows: “It’s Earnings Season And Nike Investors Should Be Worried” announced on June 25, 2018, “What to Expect When Nike Reports Thursday” on June 25, 2018, “Stifel: Nike ‘Uniquely Positioned’ In Shift To Direct-To-Consumer” with a publish date: June 20, 2018, “Is It Time To Sell Nike?” and the last “Can Amazon Save Nike?” with publication date: June 21, 2018.

NIKE, Inc. (NYSE:NKE) Ratings Coverage

A total of 20 analysts rate Nike (NYSE:NKE) as follows: 10 “Buy”, 10 “Hold” and 0 “Sell”. Тherefore 50% are bullish. The firm has $87 highest and $60.0 lowest target. The avg target $74.50 is 2.29% above the last ($72.83) price. (NYSE:NKE) has 30 ratings reports on Jun 27, 2018 according to StockzIntelligence. On Wednesday, January 31 the stock of NIKE, Inc. (NYSE:NKE) earned “Hold” rating by Cowen & Co. On Friday, April 27 the firm has “Buy” rating by HSBC given. In Friday, June 22 report Buckingham Research downgraded the stock to “Neutral” rating. On Thursday, March 22 the stock has “Buy” rating by Credit Suisse. On Tuesday, June 26 the stock has “Hold” rating by Pivotal Research. On Monday, June 11 Wells Fargo maintained the shares of NKE in report with “Market Perform” rating. On Thursday, June 14 the firm has “Outperform” rating by Wedbush given. On Thursday, February 15 the firm has “Buy” rating given by Stifel Nicolaus. On Friday, January 19 the firm has “Outperform” rating by Wedbush given. On Thursday, June 21 the stock of NIKE, Inc. (NYSE:NKE) earned “Buy” rating by Robert W. Baird.

NIKE, Inc. (NYSE:NKE) Institutional Investors Chart

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