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Van Eck Associates raised its Nike stake to 0.33% as Nike reports Q3 EPS of $0.70 amid revenue decline.
Van Eck Associates Corp. increased its stake in Nike Inc. by 15.1%, now owning about 0.33% valued at $431.89 million.
Other institutional investors also raised their positions.
Nike reported a Q3 EPS of $0.70, exceeding estimates, despite a 10.4% revenue decline to $11.59 billion.
Chairman Mark Parker sold 52,487 shares for approximately $4.09 million.
Analysts maintain a "Moderate Buy" rating with varying target prices.
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Van Eck Associates aumentó su participación de Nike al 0,33%, ya que Nike reporta Q3 EPS de $0,70 en medio de la disminución de los ingresos.