Nike to slash 1400 jobs, reduce variety in sneaker styles

Bruno Cirelli
Giugno 16, 2017

Nike Inc. had 135 analyst reports since July 29, 2015 according to SRatingsIntel. "(NKE) Given Buy Rating at Instinet" was reported by Markets Daily and is the property of of Markets Daily. A 12 analysts rate it as either a buy or a strong buy, while0 believe that investors should either steer clear of HP Inc. The firm earned "Buy" rating on Monday, September 28 by S&P Research. The stock of VCA Inc (NASDAQ:WOOF) has "Buy" rating given on Thursday, September 29 by Bank of America. The rating was maintained by Canaccord Genuity on Thursday, October 13 with "Hold". (The) lifted their price objective on Nike from $61.00 to $62.00 and gave the company a "buy" rating in a research report on Wednesday, March 22nd. The firm has "Neutral" rating by B. Riley & Co given on Friday, August 26. On Wednesday, September 28 the stock rating was maintained by Credit Suisse with "Outperform". Sei Invests Com reported 0.17% in Nike Inc (NYSE:NKE). This is assuming the current $0.49 EPS is accurate.

Nike (NYSE:NKE) last announced its earnings results on Tuesday, March 21st. 332,505 are owned by Capstone Asset Management Company. The original version of this report can be viewed at https://baseballnewssource.com/markets/horseman-capital-management-ltd-sells-3400-shares-of-nike-inc-nke-updated/952456.html. 16,040,973 shares of the company's stock were exchanged. LECHLEITER JOHN C had bought 1,000 shares worth $56,301 on Friday, March 24.

Investors sentiment increased to 0.98 in Q4 2016. Its up 0.50, from 1 in 2016Q3. Morgan Stanley raised its position in Nike by 10.1% in the third quarter. The footwear maker reported $0.68 EPS for the quarter, beating the Zacks' consensus estimate of $0.53 by $0.15. 10,000 were accumulated by Chilton Commerce Ltd. Wellington Mgmt Limited Liability Partnership accumulated 47.53 million shares. Sivik Health Ltd Liability invested in 30,000 shares or 0.98% of the stock. Moreover, Brick & Kyle has 0.04% invested in Nike Inc (NYSE:NKE). Btim holds 1.33M shares or 1.08% of its portfolio. Conning holds 0.12% or 60,822 shares in its portfolio.

Shares of Nike Inc. fell almost 3 percent to $53.06 in midday trading. Capital Intll Incorporated Ca invested in 0.16% or 25,250 shares. It also reduced First Trust North Amer Engy Infrasetf (EMLP) stake by 150,793 shares and now owns 53,098 shares. 4,100 are held by Gilman Hill Asset Llc. First Interstate Fincl Bank has 99,167 shares.

On Thursday, shares of athletic retail giant Nike Inc. Vetr downgraded shares of Nike from a "buy" rating to a "hold" rating and set a $54.16 price target for the company.in a research note on Monday, June 5th. Its up 0.13, from 0.96 in 2016Q3. 52 funds opened positions while 127 raised stakes. The New York-based Spark Investment Management Llc has invested 0.35% in the stock. Cullen Frost Bankers Inc, a Texas-based fund reported 294,097 shares. Following the sale, the director now owns 55,660 shares in the company, valued at $3,142,007. He is based in NY and will lead an experienced team of corporate trust and custody business development professionals in the United States and Europe. Perhaps, that suggests something about why 47.86% of the outstanding share supply is held by institutional investors. 666,354 shares valued at $59.40M were sold by SLP Denali Co-Invest GP - L.L.C. on Friday, May 5. NKE options traders are bracing for even more losses, with more than 57,000 puts traded so far - six times what's typically seen, and volume is on track to settle in the 98th annual percentile. Pnc Fincl Group holds 0% of its portfolio in WESCO International, Inc. The Company's divisions include the Utica Shale, which includes its ownership interest in Ohio Gathering, as well as Summit Utica; the Williston Basin, which includes Bison Midstream, Polar and Divide and Tioga Midstream; the Marcellus Shale, which includes Mountaineer Midstream; the Barnett Shale, which includes DFW Midstream Services LLC, and the Piceance Basin /DJ Basins, which includes Grand River and Niobrara G&P. This represents a $0.72 dividend on an annualized basis and a yield of 1.36%. It's also seeing increased competition from Adidas.

Since January 3, 2017, it had 1 buying transaction, and 9 selling transactions for $48.27 million activity. Over the last 90 days, insiders have sold 379,000 shares of company stock worth $21,213,800. Cappellanti-Wolf Amy L. sold $111,890 worth of stock.

Philadelphia Trust Company increased Laboratory Corp America Hldgs (NYSE:LH) stake by 12,379 shares to 17,274 valued at $2.22 million in 2016Q4. Vautrinot Suzanne M also sold $76,725 worth of Symantec Corporation (NASDAQ:SYMC) on Monday, April 3. Durban Egon sold 666,354 shares worth $59.40M.

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