The company presently has a consensus rating of "Hold" and a consensus target price of $59.12. Morgan Stanley restated an "equal weight" rating and set a $56.00 price objective on shares of Nike in a research report on Wednesday, June 21st.
With sales now expected to decline in the first half of the financial year, Parker reaffirmed his confidence that its innovation pipeline would get it back on track.
Certain retailers may respond to the weak demand in North America through door closures and potential discontinuities, which could lead to contraction of revenue in the market in the current quarter, Nike said on a post-earnings call. Ar Asset Management Inc bought 23,000 shares as the company's stock declined 8.78% while stock markets rallied. Worldwide sales - along with an aggressive cost-cutting plan - helped the company post first-quarter profit that topped estimates on Tuesday. Nomura Asset Limited has invested 0.32% of its portfolio in Nike Inc (NYSE:NKE). The stock rose 0.12% or $0.06 reaching $53.29 per share. About 8.58 million shares traded. Cullinan Associates Inc.'s holdings in Nike were worth $5,188,000 at the end of the most recent quarter. It has underperformed by 25.94% the S&P500.
Nike (NKE), the world's largest apparel company and America's leading sportswear brand, faced analyst downgrades and target price revisions in September as Adidas (ADDYY) officially acquired the number-two spot in the American sportswear market. (NASDAQ:NKE), 11 rate it "Buy", 11 "Outperform", 14 "Underperform", 2 "Sell", while 0 "Hold". Therefore 100% are positive.
Over the past year, the price of NIKE, Inc. The firm earned "Buy" rating on Friday, July 21 by Guggenheim. The firm has "Buy" rating by Sterne Agee CRT given on Friday, September 25. Piper Jaffray maintained Nike Inc (NYSE:NKE) on Thursday, July 27 with "Buy" rating.
Several brokerages recently issued reports on NKE. Canaccord Genuity has "Hold" rating and $109.0 target. Jefferies Group LLC cut Nike to a "buy" rating in a report on Tuesday, August 29th. The ex-dividend date is Thursday, August 31st.
Insiders own 3.90% of the company's stock. The insider SPRUNK ERIC D sold 50,000 shares worth $2.85M.
(NKE) has decreased -1.29% while the S&P 500 has increased 16.26%. Its up 0.51, from 1.3 in 2017Q1. It fall, as 82 investors sold Nike Inc shares while 439 reduced holdings. 110 funds opened positions while 410 raised stakes. The Firm services both original equipment manufacturers and aftermarket clients with products that range in size from approximately 2 to 1,200 pounds.
Nike, Inc. has a 52-week low of $49.01 and a 52-week high of $60.53. Security Bancorp Of Sioux City Iowa Ia, a Iowa-based fund reported 43,462 shares.
The chart below is not what you want to see if you're Nike. Florida-based Raymond James Na has invested 0.24% in Nike Inc (NYSE:NKE). Nbw Cap Limited Liability Company holds 60,079 shares.
Nike Inc. (NYSE:NKE) shares eased in premarket trade after its first quarter revenue posted on Tuesday failed to impress Wall Street. S&Co Inc has invested 0.05% in Nike Inc (NYSE:NKE). The stock has a market capitalization of $85.43 billion, a price-to-earnings ratio of 20.71 and a beta of 0.61. Klingenstein Fields And Lc has 0.22% invested in Nike Inc (NYSE:NKE). Monetary Mgmt Group Inc accumulated 1.54% or 63,850 shares. Drexel Morgan And Company stated it has 0.3% in Nike Inc (NYSE:NKE). State Of Alaska Department Of Revenue reported 3,594 shares. Macquarie Gp holds 325,892 shares or 0.05% of its portfolio. Rbf Capital Llc owns 175,958 shares or 0.15% of their USA portfolio. Mitsubishi Ufj Trust & Corp has 2.82 million shares for 0.32% of their portfolio.