NIKE Attracts Institutional Investor Interest Despite Recent Insider Sales

NIKE, Inc., the world-renowned footwear maker, has successfully engaged the interest of institutional investors. According to recent filings with the Securities and Exchange Commission (SEC), W.G. Shaheen & Associates DBA Whitney & Co purchased a new stake in NKE during Q4, acquiring 2,103 shares of the company’s stock valued at approximately $246,000. This news is remarkable as it coincides with NIKE’s announcement that one of its high-ranking VPs, Johanna Nielsen, recently sold 282 shares on April 17th for an average price of $126.03 per share for a total transaction value of $35,540.46.

Despite Nielsen’s recent sales activity and the sale of some 110,000 shares by Chairman Mark G. Parker last month for over $13 million ($119.25 per share), there are still insiders that own about 0.4% of NIKE’s outstanding shares.

Nonetheless, due to these insider sales events and contributing economic factors such as reduced consumer confidence among investors and increasing inflation concerns worldwide coupled with continuing pandemic related issues having significant impact on economies worldwide; uncertainty surrounding the future pricing momentum trends for NIKE will continue.

NIKE is currently trading around $124.91 per share; this current traded price reflects an intraday upward lift by $0.46 or 0.37%. The company has a market capitalization worth approximately $191.99 billion and shows other positive performance indicators such as moderately low debt-to-equity ratio standing at 0.61 and quick ratio/ current ratio metrics indicating good liquidity position remaining steady at respective levels of 1.79 and 2.73.

In conclusion, while NIKE has attracted increased investor interest through acquisitions by institutional investors like W.G Shaheen & Associates DBA Whitney & Co., insiders have notably made recent profitable transactions selling beneficial stakes back into the open stock markets. The stock has thus far managed to keep from breaking the 52-week range. Despite occurring headwinds like these recent insider sales and ongoing pandemic uncertainties, the footwear giant continues to enjoy its positioning as a global corporate brand leader appreciated by consumers worldwide.

Institutional Investors Show Interest in NIKE Inc. Following Strong Q1 Earnings Results

NIKE Inc. (NYSE:NKE) has garnered attention from several institutional investors who have recently bought and sold shares of the company, including hedge funds Two Sigma Investments LP and Renaissance Technologies LLC. This follows NIKE’s recent announcement of its earnings results for the first quarter of 2017, which beat the consensus estimate with an EPS of $0.79.

Two Sigma Investments LP saw a 487.6% increase in stake in NIKE during Q3, now owning over 2 million shares valued at $178.8 million. Renaissance Technologies LLC increased its stake by 81.5%, while Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s stake grew by 187.1%. Lazard Asset Management LLC and Two Sigma Advisers LP also increased their stakes significantly during this period.

NIKE has been subject to analyst reports recently, with Sanford C. Bernstein setting a price target on shares of $122 and Credit Suisse Group increasing their price objective from $132 to $139 and issuing an “outperform” rating.

NIKE has also seen some insider trading, with Vice President Johanna Nielsen selling 282 shares at $126.03 per share for a total transaction amount of $35,540.46.

Despite this trading activity, NIKE’s revenue for Q1 was up 13.8% compared to the same quarter last year, reaching a total of $12.4 billion compared to analyst estimates of $11.48 billion. The firm also declared a quarterly dividend of $0.34 per share on March 6th, representing an annualized dividend yield of 1.09%.

As opinions regarding NIKE remain divided amongst analysts – one giving it a sell rating while another 22 rate it as a buy – it will be interesting to watch how these institutional investors’ decisions play out over time and whether or not they pay off in terms of shareholder value in the long run.

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