Notable Runner: Nike Inc (NYSE:NKE) Quarterly Sentiment Report

November 24, 2016 - By Hazel Jackson   ·   0 Comments

Notable Runner: Nike Inc (NYSE:NKE) Quarterly Sentiment Report

Sentiment for Nike Inc (NYSE:NKE)

Nike Inc (NYSE:NKE) institutional sentiment increased to 0.94 in 2016 Q2. Its up 0.07, from 0.87 in 2016Q1. The ratio has improved, as 511 investment professionals opened new and increased stock positions, while 586 reduced and sold stock positions in Nike Inc. The investment professionals in our partner’s database now own: 1.02 billion shares, down from 1.05 billion shares in 2016Q1. Also, the number of investment professionals holding Nike Inc in their top 10 stock positions decreased from 71 to 55 for a decrease of 16. Sold All: 116 Reduced: 470 Increased: 413 New Position: 98.

NIKE, Inc. is engaged in the design, development, marketing and selling of athletic footwear, apparel, equipment, accessories and services. The company has a market cap of $86.22 billion. The Company’s operating divisions include North America, Western Europe, Central & Eastern Europe, Greater China, Japan and Emerging Markets. It has a 23.16 P/E ratio. The Company’s portfolio brands include the NIKE Brand, Jordan Brand, Hurley and Converse.

The stock decreased 0.72% or $0.37 on November 23, hitting $51.34. About 4.15M shares traded hands. Nike Inc (NYSE:NKE) has declined 13.61% since April 22, 2016 and is downtrending. It has underperformed by 19.02% the S&P500.

Analysts await Nike Inc (NYSE:NKE) to report earnings on December, 27. They expect $0.43 EPS, down 4.44% or $0.02 from last year’s $0.45 per share. NKE’s profit will be $722.14M for 29.85 P/E if the $0.43 EPS becomes a reality. After $0.73 actual EPS reported by Nike Inc for the previous quarter, Wall Street now forecasts -41.10% negative EPS growth.

According to Zacks Investment Research, “Nike, Inc.’s principal business activity involves the design, development and worldwide marketing of high quality footwear, apparel, equipment, and accessory products. NIKE is the one of the largest sellers of athletic footwear and athletic apparel in the world. The company sells its products to retail accounts in the United States and through a mix of independent distributors, licensees and subsidiaries in numerous countries around the world.”

Lansdowne Partners (Uk) Llp holds 9.53% of its portfolio in Nike Inc for 18.52 million shares. Jasper Ridge Partners L.P. owns 2.35 million shares or 9.08% of their US portfolio. Moreover, Mcdonald Capital Investors Inc Ca has 7.18% invested in the company for 1.28 million shares. The Florida-based Polen Capital Management Llc has invested 6.68% in the stock. Suncoast Equity Management, a Florida-based fund reported 368,216 shares.#img1#

Insider Transactions: Since January 1, 0001, the stock had 2 insider purchases, and 3 sales for $17.26 million net activity.

Nike Inc (NYSE:NKE) Ratings Coverage

Ratings analysis reveals 63% of Nike Inc.’s analysts are positive. Out of 35 Wall Street analysts rating Nike Inc., 22 give it “Buy”, 1 “Sell” rating, while 12 recommend “Hold”. The lowest target is $51 while the high is $156.0. The stock’s average target of $84.06 is 63.73% above today’s ($51.34) share price. NKE was included in 106 notes of analysts from July 29, 2015. The firm has “Buy” rating given on Wednesday, September 28 by Citigroup. The rating was downgraded by Piper Jaffray to “Neutral” on Thursday, September 8. Telsey Advisory Group upgraded the shares of NKE in a report on Monday, August 24 to “Outperform” rating. The rating was maintained by Robert W. Baird on Wednesday, September 28 with “Outperform”. Guggenheim initiated the shares of NKE in a report on Friday, September 30 with “Buy” rating. On Wednesday, December 23 the stock rating was maintained by DA Davidson with “Buy”. The company was downgraded on Friday, August 26 by B. Riley & Co. The firm earned “Overweight” rating on Wednesday, June 29 by JP Morgan. Piper Jaffray maintained Nike Inc (NYSE:NKE) rating on Friday, September 25. Piper Jaffray has “Overweight” rating and $130.0 price target. The stock of Nike Inc (NYSE:NKE) earned “Market Perform” rating by Wells Fargo on Wednesday, September 28.

NKE Company Profile

NIKE, Inc., incorporated on September 8, 1969, is engaged in the design, development, marketing and selling of athletic footwear, apparel, equipment, accessories and services. The Company’s operating divisions include North America, Western Europe, Central & Eastern Europe, Greater China, Japan and Emerging Markets. The Company’s portfolio brands include the NIKE Brand, Jordan Brand, Hurley and Converse. The Firm sells its products to retail accounts, through its retail stores and Internet Websites, and through a mix of independent distributors and licensees across the world. The Company’s products are manufactured by independent contractors.

More notable recent Nike Inc (NYSE:NKE) news were published by: Investorplace.com which released: “Should You Buy Nike Inc (NKE) Stock? 3 Pros, 3 Cons” on November 22, 2016, also Fool.com with their article: “Better Buy: Fitbit Inc vs. Nike Inc” published on November 15, 2016, Finance.Yahoo.com published: “NIKE, Inc. Announces 13 Percent Increase in Quarterly Dividend” on November 17, 2016. More interesting news about Nike Inc (NYSE:NKE) were released by: Investorplace.com and their article: “Nike Inc (NKE) Stock Boosts Dividend, Shareholder Confidence” published on November 21, 2016 as well as Fool.com‘s news article titled: “Nike Inc.’s “ManRev” Project — How Nike Plans to Shape the Future of …” with publication date: October 27, 2016.

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By Hazel Jackson


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