As Nike INC (NKE) Stock Value Rose, Gillespie Robinson & Grimm INC Has Lowered Holding by $4.08 Million

November 10, 2018 - By Ruchi Gupta

NIKE, Inc. (NYSE:NKE) LogoInvestors sentiment increased to 0.83 in 2018 Q2. Its up 0.18, from 0.65 in 2018Q1. It increased, as 43 investors sold NKE shares while 480 reduced holdings. 123 funds opened positions while 313 raised stakes. 982.71 million shares or 1.47% less from 997.42 million shares in 2018Q1 were reported. Cubist Systematic Strategies Ltd Liability holds 0.15% or 38,030 shares in its portfolio. Ensemble Cap Mngmt Limited Co owns 305,950 shares or 4.21% of their US portfolio. Alps Advisors Incorporated reported 10,937 shares or 0% of all its holdings. Welch & Forbes Ltd Liability Corp, a Massachusetts-based fund reported 12,322 shares. Cetera Advisor Net Ltd Co stated it has 0.12% of its portfolio in NIKE, Inc. (NYSE:NKE). D E Shaw And owns 160,938 shares or 0.02% of their US portfolio. Bourgeon Capital Mngmt Ltd Liability Corp invested 1.49% of its portfolio in NIKE, Inc. (NYSE:NKE). Monroe Retail Bank Trust Mi reported 3,271 shares. Renaissance Inv Gp Limited Com owns 3,190 shares. Dakota Wealth holds 0.36% or 16,407 shares. Moreover, Tributary Limited Liability Corporation has 0.04% invested in NIKE, Inc. (NYSE:NKE) for 8,500 shares. First Finance In holds 14,481 shares or 0.81% of its portfolio. Carnegie Cap Asset Management Limited Liability Co owns 139,544 shares. Perigon Wealth Management Ltd, California-based fund reported 28,709 shares. Cullen Frost Bankers holds 43,547 shares.

Since May 16, 2018, it had 0 insider buys, and 14 insider sales for $49.57 million activity. Hill Elliott also sold $448,774 worth of NIKE, Inc. (NYSE:NKE) on Friday, July 27. Krane Hilary K sold 40,000 shares worth $3.06 million. The insider SPRUNK ERIC D sold $3.24M. Shares for $223,403 were sold by Campion Andrew on Tuesday, July 24. Another trade for 135,000 shares valued at $9.86 million was sold by PARKER MARK G. On Wednesday, September 19 RODGERS JOHNATHAN A sold $1.36 million worth of NIKE, Inc. (NYSE:NKE) or 16,000 shares.

Gillespie Robinson & Grimm Inc decreased its stake in Nike Inc (NKE) by 11.69% based on its latest 2018Q2 regulatory filing with the SEC. Gillespie Robinson & Grimm Inc sold 51,662 shares as the company’s stock rose 12.00% with the market. The institutional investor held 390,238 shares of the consumer non-durables company at the end of 2018Q2, valued at $31.09M, down from 441,900 at the end of the previous reported quarter. Gillespie Robinson & Grimm Inc who had been investing in Nike Inc for a number of months, seems to be less bullish one the $121.27 billion market cap company. The stock decreased 1.83% or $1.42 during the last trading session, reaching $76.36. About 4.74 million shares traded. NIKE, Inc. (NYSE:NKE) has risen 55.43% since November 10, 2017 and is uptrending. It has outperformed by 39.81% the S&P500.

Gillespie Robinson & Grimm Inc, which manages about $954.83M and $788.82M US Long portfolio, upped its stake in Goldman Sachs Group Inc. (NYSE:GS) by 24,262 shares to 59,807 shares, valued at $13.19M in 2018Q2, according to the filing.

Analysts await NIKE, Inc. (NYSE:NKE) to report earnings on December, 20. They expect $0.45 earnings per share, down 2.17 % or $0.01 from last year’s $0.46 per share. NKE’s profit will be $714.65M for 42.42 P/E if the $0.45 EPS becomes a reality. After $0.67 actual earnings per share reported by NIKE, Inc. for the previous quarter, Wall Street now forecasts -32.84 % negative EPS growth.

More notable recent NIKE, Inc. (NYSE:NKE) news were published by: Bizjournals.com which released: “New complaint against Nike provides most graphic description yet of alleged ‘boys’ club’ culture” on November 02, 2018, also Seekingalpha.com with their article: “Nike: Buy The Dip” published on October 25, 2018, Benzinga.com published: “Piper Jaffray: Nike, Vans, Amazon, Instagram Reign Supreme With Teens” on October 28, 2018. More interesting news about NIKE, Inc. (NYSE:NKE) were released by: Seekingalpha.com and their article: “Nvidia and Nike among those seen boosting dividends” published on November 09, 2018 as well as Bizjournals.com‘s news article titled: “Nike’s defense strategy starts to emerge in toxic workplace lawsuits” with publication date: November 07, 2018.

NIKE, Inc. (NYSE:NKE) Ratings Coverage

Among 22 analysts covering Nike (NYSE:NKE), 13 have Buy rating, 0 Sell and 9 Hold. Therefore 59% are positive. Nike has $103 highest and $6800 lowest target. $86.90’s average target is 13.80% above currents $76.36 stock price. Nike had 33 analyst reports since June 11, 2018 according to SRatingsIntel. The rating was maintained by Pivotal Research on Tuesday, June 26 with “Hold”. On Friday, June 29 the stock rating was maintained by FBR Capital with “Neutral”. Credit Suisse maintained NIKE, Inc. (NYSE:NKE) rating on Friday, June 29. Credit Suisse has “Outperform” rating and $90 target. Buckingham Research downgraded NIKE, Inc. (NYSE:NKE) on Friday, June 22 to “Neutral” rating. The rating was maintained by Citigroup on Wednesday, September 26 with “Buy”. The firm has “Overweight” rating given on Monday, August 20 by PiperJaffray. The stock has “Buy” rating by Deutsche Bank on Friday, June 29. The firm earned “Buy” rating on Monday, September 24 by Stifel Nicolaus. The firm earned “Buy” rating on Friday, June 29 by Citigroup. The stock has “Buy” rating by Stifel Nicolaus on Friday, June 29.

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

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter:


Recent Market News

>