Investors purchased shares of Nike Inc. (NYSE:NKE) on weakness during trading hours on Tuesday. $110.67 million flowed into the stock on the tick-up and $56.31 million flowed out of the stock on the tick-down, for a money net flow of $54.36 million into the stock. Of all equities tracked, Nike had the 5th highest net in-flow for the day. Nike traded down ($0.21) for the day and closed at $55.77

A number of equities research analysts recently issued reports on NKE shares. Deutsche Bank AG reiterated a “buy” rating on shares of Nike in a research report on Tuesday, April 12th. Macquarie reiterated a “buy” rating and set a $77.50 target price on shares of Nike in a research report on Tuesday, April 19th. Vetr upgraded shares of Nike from a “buy” rating to a “strong-buy” rating and set a $66.07 target price for the company in a research report on Friday, April 29th. Wells Fargo & Co. started coverage on shares of Nike in a research report on Tuesday, May 10th. They set a “market perform” rating and a $62.00 target price for the company. They noted that the move was a valuation call. Finally, Morgan Stanley cut shares of Nike from an “overweight” rating to an “equal weight” rating and dropped their target price for the stock from $69.00 to $60.00 in a research report on Wednesday, June 1st. Two 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 presently has an average rating of “Buy” and a consensus target price of $66.26.

The stock’s 50 day moving average price is $55.84 and its 200 day moving average price is $58.08. The firm has a market capitalization of $93.56 billion and a P/E ratio of 25.82.

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

In related news, EVP John F. Slusher sold 72,696 shares of the stock in a transaction on Tuesday, July 26th. The stock was sold at an average price of $57.75, for a total value of $4,198,194.00. Following the completion of the sale, the executive vice president now directly owns 231,861 shares of the company’s stock, valued at approximately $13,389,972.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Hilary K. Krane sold 100,000 shares of the stock in a transaction on Monday, July 25th. The shares were 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 disclosure for this sale can be found here.

A number of large investors recently added to or reduced their stakes in the stock. Weatherly Asset Management L. P. raised its stake 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 worth $1,304,000 after buying an additional 13,773 shares during the last quarter. Philadelphia Trust Co. raised its stake in Nike by 62.5% in the fourth quarter. Philadelphia Trust Co. now owns 155,527 shares of the footwear maker’s stock worth $11,665,000 after buying an additional 59,799 shares during the last quarter. BP PLC raised its stake in Nike by 77.3% in the fourth quarter. BP PLC now owns 266,000 shares of the footwear maker’s stock worth $16,628,000 after buying an additional 116,000 shares during the last quarter. Chesley Taft & Associates LLC IL raised its stake in Nike by 91.7% in the fourth quarter. Chesley Taft & Associates LLC IL now owns 88,834 shares of the footwear maker’s stock worth $5,552,000 after buying an additional 42,492 shares during the last quarter. Finally, Advantus Capital Management Inc raised its stake in Nike by 105.7% in the fourth quarter. Advantus Capital Management Inc now owns 131,102 shares of the footwear maker’s stock worth $8,194,000 after buying an additional 67,378 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.

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