Nike Inc (NKE) Director Sells $790300.00 in Stock

The stock appeared -14.52% below its 52-week highs and is down -4.09% for the last five trades. Nike Inc Cl B now has $87.42 billion valuation. It has underperformed by 25.94% the S&P500. Shares for $1.02M were sold by FISCHER DAVID B. Wehner David M. sold $3.00 million worth of stock. Its price/book multiple of 6.70 compared with the 3.63 while its free cash flow yield of 17.85 should be matched with that of its industry's 14.72. With 1.10M avg volume, 5 days are for Methanex Corporation (NASDAQ:MEOH)'s short sellers to cover MEOH's short positions. The stock plummeted -7.31 percent over the past month and rose 1.85 percent year-to-date. Nike Inc (NYSE:NKE) has declined 9.24% since May 22, 2016 and is downtrending. It has outperformed by 4.78% the S&P500. BlackRock Inc. raised its stake in Nike by 2,576.9% in the first quarter. Its up 0.04, from 0.94 in 2016Q3. It increased, as 84 investors sold NKE shares while 443 reduced holdings.

Several other hedge funds and other institutional investors also recently made changes to their positions in NKE. However the company reported $0.49 earnings per share for the same quarter during previous year. Clifford Swan Inv Counsel Ltd Liability owns 0.63% invested in Nike Inc (NYSE:NKE) for 186,033 shares. 300,696 are held by Covington Cap Management. Pensionfund Dsm Netherlands holds 0.61% or 82,200 shares. 9,403,203 shares of the stock traded hands. Catawba Cap Mngmt Va reported 63,865 shares. Burt Wealth Advisors, Maryland-based fund reported 15,037 shares. First Bank & Trust Of Omaha holds 161,862 shares or 0.57% of its portfolio. Jefferies Group LLC reissued a "buy" rating and set a $75.00 target price on shares of Nike in a research report on Monday, May 15th. Mirae Asset Invs owns 69,013 shares. Following the sale, the chairman now owns 1,966,235 shares in the company, valued at approximately $109,126,042.50. Guinness Atkinson Asset Management holds 3.58% or 104,000 shares. North Star Invest has 0.02% invested in Nike Inc (NYSE:NKE) for 2,977 shares.

Whereas they predicted High and Low Earnings Estimate as $0.58 and $0.4 respectively. The expected NKE's profit could reach $820.63M giving the stock 26.53 P/E in the case that $0.49 earnings per share is reported.

A stock rating usually tells investors how well a stock's market value relates to what analysts think is a fair value for the stock, based on an independent evaluation of the company.

Since January 3, 2017, it had 1 insider buy, and 8 sales for $44.61 million activity.

In other news, Chairman Mark G. Parker sold 100,000 shares of the stock in a transaction that occurred on Monday, April 3rd. BB&T Capital upgraded Nike Inc (NYSE:NKE) on Monday, October 19 to "Buy" rating. The insider LECHLEITER JOHN C bought $56,301. 136,000 Nike Inc (NYSE:NKE) shares with value of $7.09M were sold by Slusher John F. Jensen Investment Management Inc. raised its stake in Nike by 21.2% in the third quarter. Facebook Inc (NDAQ:FB) has risen 26.75% since May 24, 2016 and is uptrending. Therefore 62% are positive. Finally, Goldman Sachs Group Inc lifted their price objective on Nike from $61.00 to $62.00 and gave the stock a "buy" rating in a research report on Wednesday, March 22nd. The firm has "Buy" rating by DA Davidson given on Wednesday, June 29. The rating was maintained by Barclays Capital with "Overweight" on Wednesday, September 28. As per Thursday, March 23, the company rating was maintained by Citigroup. The firm has "Neutral" rating given on Thursday, September 8 by Piper Jaffray. As per Tuesday, December 15, the company rating was maintained by Stifel Nicolaus. Deutsche Bank maintained the stock with "Buy" rating in Tuesday, April 11 report. (NKE) may be overvalued, however, this can also depend upon the situation of the market; if the market is strong then it could suggest that NIKE, Inc. Therefore 67% are positive. So far, analysts are sticking with their bullish recommendations with the consensus call at 1.8. The firm earned "Outperform" rating on Wednesday, December 28 by Credit Suisse. The company now has an average rating of "Buy" and a consensus target price of $60.93. The company was maintained on Friday, September 25 by B. Riley & Co. National Securities initiated Ares Capital Corporation (NASDAQ:ARCC) on Tuesday, June 28 with "Neutral" rating. The rating was upgraded by IBC on Wednesday, March 29 to "Outperform". (NKE) is a good investment, however if the market is weaker then it could suggest that the shares are undervalued. The firm has "Buy" rating by UBS given on Thursday, August 18.

Investors sentiment increased to 2.65 in 2016 Q4. Its up 0.25, from 0.77 in 2016Q3. Infinera Corporation (NASDAQ:INFN) was reduced too. 160.62 million shares or 5.82% more from 151.79 million shares in 2016Q3 were reported. Alpine Vi Limited Liability Corp owns 19,422 shares. Chicago Equity Ptnrs Ltd Limited Liability Company, a Illinois-based fund reported 179,145 shares. Lone Pine Cap Limited Liability Corp owns 14.40 million shares or 3.82% of their United States portfolio.

Lombard Odier Asset Management Usa Corp increased Starbucks Corp (SBUX) stake by 4.98% reported in 2016Q4 SEC filing. Jane Street Gp Ltd owns 297,040 shares for 0.07% of their portfolio. Insiders own 3.90% of the company's stock. Apg Asset Mgmt Nv, a Netherlands-based fund reported 457,360 shares. Jane Street Gru Limited Liability accumulated 0% or 7,168 shares. Gamble Jones Counsel has 0.33% invested in Nike Inc (NYSE:NKE) for 59,110 shares.

Celanese Corporation is a technology and specialty materials company. The company has a market capitalization of $86.17 billion, a price-to-earnings ratio of 21.78 and a beta of 0.44. It has a 35.86 P/E ratio. The Advanced Engineered Materials segment includes the Company's engineered materials business and certain affiliates.

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