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Nike, Inc. (NYSE:NKE) PT Set at $48.00 by Jefferies Group LLC

31 Octobre 2017

What Historical Figures Say About NIKE, Inc. (NYSE:NKE) by 7.9% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. Short shares fell from 27,127,202 to 26,172,720 over that period.

NKE has been the subject of several other research reports. As of quarter end Sumitomo Mitsui Asset Management Company, Ltd had disposed of 2,899 shares trimming its holdings by 0.6%. It showed the change of 6.60% in last one month. Zevin Asset Management LLC now owns 9,900 shares of the footwear maker's stock worth $513,000 after buying an additional 5,100 shares in the last quarter. The brokerage now has a hold rating on the footwear maker's stock. Genesee Valley Trust Co. boosted its stake in shares of Nike by 0.3% in the 1st quarter. Howe & Rusling Inc. now owns 2,639 shares of the footwear maker's stock valued at $137,000 after purchasing an additional 2,329 shares in the last quarter. Smith Shellnut Wilson LLC ADV now owns 14,894 shares of the footwear maker's stock worth $822,000 after buying an additional 41 shares during the period. However, the institutional investors are observed to own 81.60% of the total shares.

NIKE, Inc is engaged in the design, development, marketing and selling of athletic footwear, apparel, equipment, accessories and services. "(NYSE:NKE) PT Set at $48.00 by Jefferies Group LLC" was originally reported by Week Herald and is the sole property of of Week Herald. If you are viewing this piece on another site, it was copied illegally and reposted in violation of U.S. & worldwide trademark and copyright legislation. The original version of this piece can be accessed at

A number of brokerages have recently issued reports on NKE. (The) restated a buy rating and issued a $63.00 price objective (up previously from $62.00) on shares of Nike in a research report on Friday, June 30th. FBR & Co set a $53.00 target price on Nike and gave the company a "hold" rating in a research note on Saturday, July 1st.

On September 19 Wells Fargo made no change to the stock rating of "Outperform" and raised the price expectation to $67.00 from $55.00.

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On September 27 Canaccord Genuity maintained a company rating of "Market Perform" but lowered the price target to $52.00 from $55.00.

Aperio Group, LLC says it bought 27,460 shares during the last quarter increasing its stake in Nike, Inc. Four investment analysts have rated the stock with a sell rating, nineteen have issued a hold rating and twenty have issued a buy rating to the stock. The stock touched 52-week High of $60.53 on 08/03/17 and 52-week Low of $49.01 on 11/02/16. (NYSE:NKE) in a report published on Friday. The company has a market cap of $90.00 billion, a P/E ratio of 23.4845 and a beta of 0.61. The 50 day moving average went up by +4.40% and the 200 day average went up $0.59 or +1.08%.

Nike (NYSE:NKE) last announced its earnings results on Tuesday, September 26th. The footwear maker reported $0.57 earnings per share for the quarter, beating analysts' consensus estimates of $0.48 by $0.09. The company had revenue of $9.07 billion for the quarter, compared to the consensus estimate of $9.08 billion. Nike had a net margin of 11.60% and a return on equity of 30.56%. The business's quarterly revenue was up.1% on a year-over-year basis. In contrast to the year ago quarter EPS was at 0.87.

The business also recently declared a quarterly dividend, which was paid on Monday, October 2nd. Shareholders of record on Tuesday, September 5th were issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a yield of 1.30%.

In other Nike news, Director Johnathan A. Rodgers sold 16,000 shares of the firm's stock in a transaction on Thursday, September 14th. The total value of its holdings decreased 12.6%. Volume is the basic fuel of the market since stocks move up or down in price only when shares are trading hands.