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techkenyot.com November 24, 2017


The Brokerages Set Nike, Inc. (NKE) PT at $62.65

14 November 2017, 08:07 | Glen Norman

About 349,353 shares traded. The hedge fund held 15,375 shares of the consumer non-durables company at the end of 2017Q2, valued at $907,000, down from 21,300 at the end of the previous reported quarter. NIKE, Inc. (NKE) has the market capitalization of 91.28 Billion. Bank of New York Mellon Corp now owns 29,211,934 shares of the footwear maker's stock valued at $1,538,008,000 after buying an additional 143,272 shares during the last quarter. Allegis Investment Advisors LLC now owns 16,717 shares of the footwear maker's stock valued at $932,000 after acquiring an additional 10,692 shares in the last quarter.

Nike (NYSE:NKE) last issued its quarterly earnings results on Tuesday, September 26th. It has underperformed by 25.94% the S&P500.

Hendley & Co Inc decreased its stake in Brown Forman Cl B (BF.B) by 27.14% based on its latest 2017Q2 regulatory filing with the SEC. Mraz Amerine & Associates Inc. owns 79,812 shares or 1.39% of their U.S. portfolio. Harding Loevner LP now owns 12,151,210 shares of the footwear maker's stock worth $390,421,000 after acquiring an additional 5,987,728 shares in the last quarter. Packaging Corp Of America (PKG) has risen 54.92% since November 13, 2016 and is uptrending. ROX's SI was 6.13 million shares in November as released by FINRA. Riverpark Ltd Limited Liability Company has invested 0.33% in Nike Inc (NYSE:NKE).

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Investors sentiment decreased to 1 in 2017 Q2. The company has a quick ratio of 1.81, a current ratio of 2.67 and a debt-to-equity ratio of 0.29. It worsened, as 82 investors sold NKE shares while 439 reduced holdings. 994.42 million shares or 3.48% less from 1.03 billion shares in 2017Q1 were reported. Following the completion of the sale, the chairman now directly owns 1,637,736 shares of the company's stock, valued at $90,124,612.08. 262,741 were reported by Macquarie Grp. Deutsche Bank maintained the shares of DE in report on Monday, November 16 with "Buy" rating.

The counter witnessed a trading volume of 5.85 million shares versus an average volume of 4.15 million shares during last trading session. Ballentine Prtn Lc has invested 0.09% of its portfolio in Nike Inc (NYSE:NKE).

In other news, Chairman Mark G. Parker sold 135,000 shares of the stock in a transaction that occurred on Wednesday, November 1st. Citigroup Inc reported 1.66 million shares. Eagle Ridge Inv Mngmt invested in 130,286 shares or 1.46% of the stock. Rockshelter Capital Management Llc owns 77,281 shares or 2.63% of their USA portfolio. About shares traded. Nike Inc (NYSE:NKE) has declined 9.24% since November 14, 2016 and is downtrending. 4,874 are owned by Whitnell And. Cypress Asset Mngmt Tx stated it has 0.51% of its portfolio in Nike Inc (NYSE:NKE). Noesis Capital Mangement Corp reported 3.41% stake. Nike's revenue was up.1% compared to the same quarter last year. analysts anticipate that Nike, Inc. will post 2.29 EPS for the current year. Johnson Fincl Gru invested in 0.03% or 3,734 shares.

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Analysts await Nike Inc (NYSE:NKE) to report earnings on December, 19. Analysts forecast earnings per share of $0.39, down exactly $0.11 or 22.00 % from 2014's $0.5 EPS. DE's profit would be $453.00M giving it 23.39 P/E if the $1.41 EPS is correct. Analysts on average have given a price target of $59 to NIKE, Inc. stock. Two investment analysts have rated the stock with a sell recommendation, eleven have given a hold recommendation, twenty have issued a buy recommendation and one has assigned a strong buy recommendation to the company. Therefore 55% are positive. Guggenheim restated a "buy" rating and set a $70.00 target price on shares of Nike in a research report on Monday, July 24th. (NYSE:NKE) have been given a consensus rating of "Buy" by the thirty-four brokerages that are now covering the firm. The firm has "Mkt Perform" rating given on Wednesday, September 28 by FBR Capital. As per Thursday, March 23, the company rating was maintained by Oppenheimer. Zacks Investment Research lowered shares of NIKE from a "hold" rating to a "sell" rating in a research report on Tuesday, July 11th. The rating was reinitiated by Barclays Capital with "Overweight" on Wednesday, September 2. The company now has a Return on Equity of -20.20% and Return on Investment of -9.80%. The firm has "Buy" rating by Sterne Agee CRT given on Friday, September 25.

Since June 1, 2017, it had 0 insider purchases, and 1 sale for $3.66 million activity. Farmers Tru holds 0.69% or 33,001 shares. Therefore 0 are positive. The rating was maintained by Piper Jaffray on Friday, April 7 with "Hold". The firm earned "Hold" rating on Monday, July 10 by Cowen & Co. Morgan Stanley maintained Nike Inc (NYSE:NKE) rating on Wednesday, September 28. The rating was maintained by Telsey Advisory Group with "Outperform" on Wednesday, December 23.

The company's consensus rating on Reuter's scale slipped from 3.43 to 3.32 during a month. "(NYSE:NKE)" was first published by StockNewsTimes and is the property of of StockNewsTimes.

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