Murphy Pohlad Asset Management Invests Heavily in NIKE Shares
Murphy Pohlad Asset Management LLC has invested in shares of NIKE, Inc. (NYSE:NKE) by purchasing 47,635 stocks valued at approximately $1,955,000 during the second quarter.
This is not an isolated instance as several large investors have also made changes to their positions in NKE. Scarborough Advisors LLC acquired a new stake in NIKE during the first quarter worth $25,000, while Cornerstone Financial Management LLC and Sankala Group LLC both purchased new stakes in shares of NIKE in the fourth quarter valued at approximately $26,000 each.
The institutional investors hold 64.25% of NKE's stock, with a median analyst price target of $47.50. Some analysts see significant turnaround potential for the company, suggesting that the stock could nearly double from current levels.