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Ameriprise Financial Inc. Has $594 Million Holdings in Nike, Inc. (NKE)

15 November 2017

Robert I. Usdan decreased its stake in Banc Of California Inc (BANC) by 6.54% based on its latest 2017Q2 regulatory filing with the SEC. Fred Alger Management Inc acquired 829,021 shares as Autodesk Inc.

Cibc World Markets Inc decreased Cliffs Nat Res Inc (NYSE:CLF) stake by 454,384 shares to 28,900 valued at $200,000 in 2017Q2. Kite Pharma Inc now has $10.28 billion valuation. Exane Derivatives bought 453 shares as the company's stock declined 0.74% while stock markets rallied. Stifel Nicolaus set a $66.00 price objective on shares of Nike and gave the company a "buy" rating in a research report on Saturday, July 22nd. Castle Brands Inc (NYSEAMERICAN:ROX) has risen 112.64% since November 13, 2016 and is uptrending. It has outperformed by 38.22% the S&P500.

NIKE, Inc. has a consensus outperform rating from 38 Wall Street analysts, and the number of shares now sold short amount to at least 2.08% of shares outstanding. The hedge fund run by Robert I. Usdan held 1.00 million shares of the finance company at the end of 2017Q2, valued at $21.50 million, down from 1.07M at the end of the previous reported quarter.

In recent action, NIKE, Inc. Stearns Financial Services Group now owns 4,160 shares of the footwear maker's stock valued at $245,000 after buying an additional 17 shares during the last quarter. About 41,514 shares traded. (NYSE:NKE) by 9.6% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. It has underperformed by 25.94% the S&P500. During the same period in the prior year, the company earned $0.73 earnings per share. NKE's profit will be $636.29M for 35.85 P/E if the $0.39 EPS becomes a reality.

12Th Street Asset Management Company Llc holds 4.18% of its portfolio in Packaging Corp Of America for 145,740 shares. It also reduced Alaska Air Group Inc (NYSE:ALK) stake by 3,624 shares and now owns 7,333 shares. Abbott Labs (NYSE:ABT) was raised too. Wall Street is only getting more bullish on the stock, with 20 of analysts who cover NKE having a buy-equivalent rating. Three investment analysts have rated the stock with a sell rating, twenty have given a hold rating and twenty have assigned a buy rating to the company. Therefore 55% are positive. Citigroup Inc. reaffirmed a "buy" rating and issued a $61.00 target price on shares of Nike in a research report on Thursday, September 22nd. Jefferies Group LLC cut Nike from a "buy" rating to a "hold" rating and dropped their price objective for the stock from $75.00 to $60.00 in a report on Monday, August 21st. FBR & Co restated a "hold" rating and set a $53.00 price target on shares of Nike in a research note on Thursday, September 14th. The rating was maintained by Nomura on Monday, July 17 with "Buy". The stock has "Market Perform" rating by Cowen & Co on Thursday, March 23. The rating was maintained by Credit Suisse with "Outperform" on Wednesday, September 28. The company has an average rating of "Buy" and an average price target of $62.40. The stock of Best Buy Co Inc (NYSE:BBY) earned "Buy" rating by Loop Capital on Wednesday, April 5. The stock now has an average rating of "Hold" and an average target price of $58.93. The firm has "Buy" rating by Sterne Agee CRT given on Friday, September 25.

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NIKE, Inc. (NYSE:NKE) touched its 1-Year High price of $60.53 on 08/03/17 and its 1-Year Low price of $49.75 on 11/15/16.

Investors sentiment decreased to 1 in 2017 Q2. The company has a quick ratio of 1.81, a current ratio of 2.67 and a debt-to-equity ratio of 0.29. It worsened, as 82 investors sold NKE shares while 439 reduced holdings. Mycio Wealth Partners LLC raised its stake in Nike by 40.4% in the second quarter. 994.42 million shares or 3.48% less from 1.03 billion shares in 2017Q1 were reported. Srb reported 3,428 shares stake. Gillespie Robinson Grimm has 3.29% invested in Nike Inc (NYSE:NKE) for 410,947 shares. Sumitomo Mitsui Asset Mgmt Communication invested 0.46% of its portfolio in Nike Inc (NYSE:NKE). The shares were sold at an average price of $52.39, for a total value of $10,478,000.00. Asset Planning Services Ltd. lifted its holdings in shares of NIKE by 0.3% during the 2nd quarter. The footwear maker reported $0.57 earnings per share for the quarter, beating analysts' consensus estimates of $0.48 by $0.09. Ci Investments holds 1.05M shares or 0.67% of its portfolio. Ubs Asset Mgmt Americas Incorporated holds 0% or 10,800 shares in its portfolio. NIKE, Inc. (NYSE:NKE) has a 20-Day average volume of 11.49 Million. Cubist Systematic Strategies Limited Co holds 0.01% of its portfolio in Kite Pharma Inc (NASDAQ:KITE) for 1,782 shares. Toronto Dominion Bank & Trust has invested 0.09% in Nike Inc (NYSE:NKE).

Since May 19, 2017, it had 0 insider purchases, and 6 selling transactions for $13.15 million activity. $3.98 million worth of Autodesk, Inc. Shares for $1.79 million were sold by Ruchefsky Steven B. Shares for $779,660 were sold by BEVERIDGE CRAWFORD W on Wednesday, June 7. Xact Kapitalforvaltning AB now owns 215,787 shares of the footwear maker's stock worth $12,026,000 after acquiring an additional 8,111 shares during the period. BECKER JAN sold $274,266 worth of stock. Following the completion of the sale, the director now owns 25,660 shares of the company's stock, valued at $1,371,527.

Among 24 analysts covering Autodesk Inc. Autodesk Inc. had 90 analyst reports since August 4, 2015 according to SRatingsIntel. The rating was maintained by DA Davidson with "Buy" on Monday, December 28.

Ameriprise Financial Inc. Has $594 Million Holdings in Nike, Inc. (NKE)