“NIKE continues to create both near-term wins in today’s dynamic environment and a lasting foundation for future growth”, said Mark Parker, Chairman, President and CEO, NIKE, Inc. (NYSE:NKE) in a report issued on Wednesday. Finally, Piper Jaffray Companies reissued a neutral rating and set a $51.00 price objective on shares of Nike in a report on Thursday, March 16th. Analysts reported that the Price Target for NIKE, Inc. might touch $75 high while the Average Price Target and Low price Target is $60.37 and $42 respectively.
Deutsche Bank reiterated an Outperform rating and raised its price target to $67 from $63. Telsey Advisory Group upgraded Nike Inc (NYSE:NKE) rating on Monday, August 24. The stock presently has an average rating of “Hold” and a consensus target price of $60.31. Meridian Mngmt Com holds 0.93% of its portfolio in Nike Inc (NYSE:NKE) for 31,009 shares. The Capital One National Association holds 102,100 shares with $5.19 million value, down from 109,325 last quarter. The firm has a market cap of $87.95 billion, a price-to-earnings ratio of 22.23 and a beta of 0.47. The brand was the fastest growing line for Nike in the year.
NKE’s most recent trading session saw the stock achieve a high of $53.61 and a low of $52.96. FBR Capital maintained Nike Inc (NYSE:NKE) on Wednesday, September 28 with “Mkt Perform” rating. After $0.71 actual earnings per share reported by Sensata Technologies Holding N.V. for the previous quarter, Wall Street now forecasts 9.86% EPS growth. Nike had a net margin of 12.02% and a return on equity of 32.97%.
25 analysts on average are expecting the company to report revenue of $8.64 Billion for the current quarter. The shares price has directed 2.04% toward a higher level throughout a year ago and swapped 0.68% toward a strong spot during past one month. NKE generated revenue of $9.23 Billion in the same quarter, one year ago.
According to the analysts, Nike Inc (NYSE:NKE) is expected to announce $0.5/share EPS for the current quarter. Investors of record on Monday, June 5th will be paid a $0.18 dividend. The ex-dividend date of this dividend is Thurs, Jun 1st. this indicates a $0.72 annual dividend and a payout of of 1.36%.
Among 39 analysts covering Nike Inc. If you are reading this news story on another website, it was illegally stolen and republished in violation of US and global copyright and trademark law. The original version of this piece of content can be viewed at https://www.chaffeybreeze.com/2017/06/29/nike-inc-nke-downgraded-to-neutral-at-j-p-morgan-chase-co-updated.html. Also, CAO Hilary K. Krane sold 65,000 shares of Nike stock in a transaction that occurred on Tuesday, April 18th.
According to the Recommendation Trends of the stock polled by Finviz, the company has a consensus recommendation of 2.2 out of the scale from 1 to 5 where 1 stands for Buy and 5 means Sell.
Institutional owners hold 82.20% stake in the company while Insiders ownership held at 1.80%. The shares were sold at an average price of $56.45, for a total value of $790,300.00. It also reduced Agrium Inc (NYSE:AGU) stake by 3,210 shares and now owns 37,353 shares. The disclosure for this sale can be found here. At Bankshares accumulated 0.03% or 4,536 shares. Lastly, SRS Capital Advisors purchased a fresh position in Nike in Q4 which is worth at $120,000. investment firms and many large funds has an ownership of 64.00% of the firms stock. First Foundation has 0.01% invested in Nike Inc (NYSE:NKE) for 4,152 shares. The firm acquired 4,970 shares of the footwear maker’s stock, valued at approximately $277,000.
Moloney Securities Asset Management LLC raised its stake in shares of Nike, Inc. Comerica Bank boosted its position in Nike by 0.5% in the fourth quarter. The firm owned 15,206 shares of the footwear maker’s stock after buying an additional 3,179 shares during the period. Insiders have sold a total of 279,000 shares of company stock valued at $15,580,300 over the last three months.
A faltering retail sector has hurt Nike and the rest of the athletic footwear and apparel industry. Emerging Markets (+18%), China (+16%), and Western Europe (+12%) were the standouts there.
IT’S THE SHOES: While the fourth quarter typically isn’t Nike’s biggest in terms of revenue, the company often provides details on strategy and category-specific revenue, such as those for running, basketball and the Jordan brand.