Traders sold shares of Nike Inc. (NYSE:NKE) on strength during trading on Thursday. $54.68 million flowed into the stock on the tick-up and $103.61 million flowed out of the stock on the tick-down, for a money net flow of $48.93 million out of the stock. Of all companies tracked, Nike had the 0th highest net out-flow for the day. Nike traded up $0.04 for the day and closed at $54.79

A number of research firms have issued reports on NKE. Vetr upgraded Nike from a “buy” rating to a “strong-buy” rating and set a $66.07 price target for the company in a research note on Friday, April 29th. Robert W. Baird restated a “buy” rating and set a $70.00 price target on shares of Nike in a research note on Saturday, April 9th. B. Riley restated a “buy” rating and set a $66.00 price target on shares of Nike in a research note on Wednesday, June 22nd. Deutsche Bank AG reiterated a “buy” rating on shares of Nike in a research note on Sunday, July 17th. Finally, Canaccord Genuity reiterated a “neutral” rating and set a $56.00 price objective (down from $57.00) on shares of Nike in a research note on Wednesday, June 29th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and twenty-four have given a buy rating to the company. The company has an average rating of “Buy” and an average target price of $66.24.

The stock has a 50-day moving average of $55.74 and a 200 day moving average of $58.16. The stock has a market capitalization of $93.69 billion and a PE ratio of 25.86.

Nike (NYSE:NKE) last issued its quarterly earnings data on Tuesday, June 28th. The footwear maker reported $0.49 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.01. During the same period in the previous year, the firm posted $0.49 earnings per share. The firm earned $8.24 billion during the quarter, compared to analyst estimates of $8.28 billion. The company’s quarterly revenue was up 6.0% compared to the same quarter last year. On average, equities analysts anticipate that Nike Inc. will post $2.40 EPS for the current year.

In other news, EVP Hilary K. Krane sold 100,000 shares of Nike stock in a transaction on Monday, July 25th. The stock was sold at an average price of $56.99, for a total value of $5,699,000.00. Following the completion of the sale, the executive vice president now directly owns 310,795 shares of the company’s stock, valued at $17,712,207.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director John C. Lechleiter acquired 1,000 shares of the company’s stock in a transaction dated Friday, July 1st. The stock was purchased at an average cost of $55.09 per share, with a total value of $55,090.00. Following the completion of the purchase, the director now directly owns 23,682 shares of the company’s stock, valued at approximately $1,304,641.38. The disclosure for this purchase can be found here.

Several large investors have recently modified their holdings of the stock. Nichols Asset Management LLC boosted its stake in shares of Nike by 146.4% in the fourth quarter. Nichols Asset Management LLC now owns 16,580 shares of the footwear maker’s stock worth $1,036,000 after buying an additional 9,850 shares during the last quarter. Birinyi Associates Inc. boosted its position in Nike by 159.0% in the fourth quarter. Birinyi Associates Inc. now owns 18,000 shares of the footwear maker’s stock valued at $1,125,000 after buying an additional 11,050 shares during the last quarter. Buckingham Capital Management Inc. boosted its position in Nike by 2.4% in the third quarter. Buckingham Capital Management Inc. now owns 18,293 shares of the footwear maker’s stock valued at $2,249,000 after buying an additional 435 shares during the last quarter. Monetta Financial Services Inc. boosted its position in Nike by 100.0% in the fourth quarter. Monetta Financial Services Inc. now owns 20,000 shares of the footwear maker’s stock valued at $1,250,000 after buying an additional 10,000 shares during the last quarter. Finally, Weatherly Asset Management L. P. boosted its position in Nike by 194.2% in the fourth quarter. Weatherly Asset Management L. P. now owns 20,866 shares of the footwear maker’s stock valued at $1,304,000 after buying an additional 13,773 shares during the last quarter.

NIKE, Inc is engaged in the design, development, marketing and selling of athletic footwear, apparel, equipment, accessories and services. The Company sells its products to retail accounts, through NIKE-owned retail stores and Internet Websites (which the Company refers to as its Direct to Consumer or DTC operations), and through a mix of independent distributors and licensees throughout the world.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.