Calamos Wealth Management LLC decreased its position in shares of Nike, Inc. (NYSE:NKE) by 61.3% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,352 shares of the footwear maker’s stock after selling 19,602 shares during the period. Calamos Wealth Management LLC’s holdings in Nike were worth $729,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. V Wealth Management LLC purchased a new stake in Nike during the second quarter valued at about $100,000. Asset Planning Services Ltd. raised its position in Nike by 0.3% during the second quarter. Asset Planning Services Ltd. now owns 2,132 shares of the footwear maker’s stock valued at $126,000 after purchasing an additional 7 shares in the last quarter. Kistler Tiffany Companies LLC raised its position in Nike by 91.7% during the second quarter. Kistler Tiffany Companies LLC now owns 2,527 shares of the footwear maker’s stock valued at $149,000 after purchasing an additional 1,209 shares in the last quarter. Rational Advisors LLC raised its position in Nike by 14.3% during the first quarter. Rational Advisors LLC now owns 2,572 shares of the footwear maker’s stock valued at $143,000 after purchasing an additional 321 shares in the last quarter. Finally, Parkside Financial Bank & Trust raised its position in Nike by 7.8% during the second quarter. Parkside Financial Bank & Trust now owns 2,780 shares of the footwear maker’s stock valued at $164,000 after purchasing an additional 201 shares in the last quarter. Institutional investors and hedge funds own 62.46% of the company’s stock.

In other news, Chairman Mark G. Parker sold 135,000 shares of the company’s stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $55.03, for a total value of $7,429,050.00. Following the completion of the sale, the chairman now directly owns 1,637,736 shares in the company, valued at approximately $90,124,612.08. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Johnathan A. Rodgers sold 16,000 shares of the company’s stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $53.45, for a total value of $855,200.00. Following the completion of the sale, the director now owns 25,660 shares of the company’s stock, valued at $1,371,527. The disclosure for this sale can be found here. Corporate insiders own 3.90% of the company’s stock.

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A number of research firms have weighed in on NKE. Guggenheim restated a “buy” rating and set a $70.00 price target on shares of Nike in a research report on Monday, July 24th. FBR & Co restated a “hold” rating and set a $53.00 price target on shares of Nike in a research report on Thursday, September 14th. Susquehanna Bancshares Inc reiterated a “neutral” rating and issued a $64.00 price objective on shares of Nike in a report on Tuesday, September 19th. Raymond James Financial, Inc. decreased their price objective on Nike from $71.00 to $67.00 and set an “outperform” rating on the stock in a report on Tuesday, September 19th. Finally, Wedbush reiterated a “neutral” rating and issued a $53.40 price objective (up previously from $52.00) on shares of Nike in a report on Thursday, September 14th. Three research analysts have rated the stock with a sell rating, twenty have issued a hold rating and twenty have issued a buy rating to the company’s stock. Nike has a consensus rating of “Hold” and a consensus price target of $58.93.

Shares of Nike, Inc. (NYSE NKE) opened at $55.71 on Friday. The company has a quick ratio of 1.81, a current ratio of 2.67 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $91,542.34, a price-to-earnings ratio of 23.71, a PEG ratio of 2.60 and a beta of 0.60. Nike, Inc. has a 12 month low of $49.75 and a 12 month high of $60.53.

Nike (NYSE:NKE) last posted its quarterly earnings data on Tuesday, September 26th. The footwear maker reported $0.57 EPS for the quarter, topping the consensus estimate of $0.48 by $0.09. The firm had revenue of $9.07 billion during the quarter, compared to analyst estimates of $9.08 billion. Nike had a return on equity of 31.88% and a net margin of 11.47%. Nike’s revenue was up .1% on a year-over-year basis. During the same period in the prior year, the business posted $0.73 EPS. research analysts anticipate that Nike, Inc. will post 2.29 earnings per share for the current fiscal year.

Nike Company Profile

NIKE, Inc is engaged in the design, development, marketing and selling of athletic footwear, apparel, equipment, accessories and services. The Company’s operating segments include North America, Western Europe, Central & Eastern Europe, Greater China, Japan and Emerging Markets. Its portfolio brands include the NIKE Brand, Jordan Brand, Hurley and Converse.

Institutional Ownership by Quarter for Nike (NYSE:NKE)

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