New York: NIKE (NYSE:NKE) Stock Has Just Had Its Outperform Rating Reiterated by Wedbush. Shares now Have a $82 Target

June 14, 2018 - By James Guidry

NIKE, Inc. (NYSE:NKE) Logo

Investors sentiment decreased to 0.65 in Q1 2018. Its down 0.09, from 0.74 in 2017Q4. It is negative, as 64 investors sold NIKE, Inc. shares while 515 reduced holdings. 100 funds opened positions while 277 raised stakes. 997.42 million shares or 1.70% less from 1.01 billion shares in 2017Q4 were reported.

Bailard stated it has 9,902 shares. Headinvest Ltd Limited Liability Company reported 6,926 shares. Sandy Spring Comml Bank holds 136,186 shares or 0.8% of its portfolio. Moreover, Hendershot Investments Incorporated has 3.09% invested in NIKE, Inc. (NYSE:NKE) for 114,852 shares. Nelson Roberts Invest Advsr Limited Liability invested 0.04% in NIKE, Inc. (NYSE:NKE). Crawford Investment Counsel Inc owns 27,824 shares. Fort Point Cap Prtn Ltd Liability holds 7,419 shares. Waldron L P has invested 0.09% in NIKE, Inc. (NYSE:NKE). Tiemann Advsrs Ltd stated it has 0.28% of its portfolio in NIKE, Inc. (NYSE:NKE). Commerce Of Vermont holds 121,837 shares or 0.76% of its portfolio. Columbus Circle Invsts has invested 0.49% of its portfolio in NIKE, Inc. (NYSE:NKE). 19,679 were reported by Ipswich Investment. Advisors Asset Incorporated has invested 0.09% in NIKE, Inc. (NYSE:NKE). Condor Capital Mngmt invested 0.34% of its portfolio in NIKE, Inc. (NYSE:NKE). Moreover, Teachers Retirement Systems Of The State Of Kentucky has 0.26% invested in NIKE, Inc. (NYSE:NKE) for 321,086 shares.

Since December 15, 2017, it had 0 insider buys, and 10 sales for $56.97 million activity. 135,000 shares valued at $8.78 million were sold by PARKER MARK G on Friday, December 15. SPRUNK ERIC D also sold $3.33 million worth of NIKE, Inc. (NYSE:NKE) shares. Another trade for 74,278 shares valued at $4.75M was sold by Slusher John F. 100,000 shares were sold by EDWARDS TREVOR A, worth $6.85M on Wednesday, January 31.

NIKE (NYSE:NKE) Rating Reaffirmed

Recently, In analysts note issued on 14 June, NIKE (NYSE:NKE) shares have had their Outperform Rating maintained by equity analysts at Wedbush, who currently has a $82 price target on company. This target by Wedbush indicates the possibile upside of 9.74 % from the last stock close price.

NIKE, Inc. (NYSE:NKE) Ratings Coverage

Among 21 analysts covering Nike (NYSE:NKE), 13 have Buy rating, 1 Sell and 7 Hold. Therefore 62% are positive. Nike has $80.0 highest and $42.0 lowest target. $69.70’s average target is -6.72% below currents $74.72 stock price. Nike had 34 analyst reports since December 18, 2017 according to SRatingsIntel. Buckingham Research maintained it with “Buy” rating and $75.0 target in Thursday, February 15 report. On Friday, March 23 the stock rating was maintained by Canaccord Genuity with “Hold”. Jefferies maintained NIKE, Inc. (NYSE:NKE) rating on Friday, December 22. Jefferies has “Hold” rating and $59.0 target. Stifel Nicolaus maintained NIKE, Inc. (NYSE:NKE) rating on Thursday, February 15. Stifel Nicolaus has “Buy” rating and $80.0 target. Jefferies maintained the stock with “Hold” rating in Friday, March 23 report. Robert W. Baird maintained NIKE, Inc. (NYSE:NKE) rating on Thursday, April 19. Robert W. Baird has “Buy” rating and $7800 target. The stock of NIKE, Inc. (NYSE:NKE) has “Buy” rating given on Thursday, December 21 by Robert W. Baird. The rating was maintained by Piper Jaffray with “Hold” on Friday, December 22. B. Riley & Co maintained NIKE, Inc. (NYSE:NKE) on Friday, March 23 with “Neutral” rating. The stock of NIKE, Inc. (NYSE:NKE) earned “Hold” rating by Canaccord Genuity on Sunday, January 7.

The stock increased 0.82% or $0.61 during the last trading session, reaching $74.72. About 3.78 million shares traded. NIKE, Inc. (NYSE:NKE) has risen 38.01% since June 14, 2017 and is uptrending. It has outperformed by 25.44% the S&P500.

Analysts await NIKE, Inc. (NYSE:NKE) to report earnings on June, 28 after the close. They expect $0.64 EPS, up 6.67 % or $0.04 from last year’s $0.6 per share. NKE’s profit will be $1.03B for 29.19 P/E if the $0.64 EPS becomes a reality. After $0.68 actual EPS reported by NIKE, Inc. for the previous quarter, Wall Street now forecasts -5.88 % negative EPS growth.

NIKE, Inc., together with its subsidiaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, and accessories worldwide. The company has market cap of $120.43 billion. It offers NIKE brand products in nine categories: running, NIKE basketball, the Jordan brand, football, menÂ’s training, womenÂ’s training, action sports, sportswear, and golf. It has a 32.33 P/E ratio. The firm also markets products designed for kids, as well as for other athletic and recreational uses, such as cricket, lacrosse, tennis, volleyball, wrestling, walking, and outdoor activities.

More notable recent NIKE, Inc. (NYSE:NKE) news were published by: Bizjournals.com which released: “Study of four massive companies — including Nike — indicates 40 percent of multinational profits go to tax havens” on June 12, 2018, also Bizjournals.com with their article: “Nike rebuts reports about dropping Iranian soccer team” published on June 11, 2018, 247Wallst.com published: “What Wedbush Is Watching Ahead of Nike Earnings” on June 14, 2018. More interesting news about NIKE, Inc. (NYSE:NKE) were released by: Seekingalpha.com and their article: “Nike breaks to new all-time high” published on May 16, 2018 as well as Benzinga.com‘s news article titled: “10 Biggest Price Target Changes For Thursday” with publication date: June 14, 2018.

NIKE, Inc. (NYSE:NKE) Institutional Positions Chart

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