Key Professional Analysts at Wedbush Didn’t Change their ‘”Outperform”’ rating for NIKE (NYSE:NKE) Shares Today. Their Price Target is Set to $82

June 14, 2018 - By Maria Brooks

NIKE, Inc. (NYSE:NKE) Logo

Investors sentiment decreased to 0.65 in Q1 2018. Its down 0.09, from 0.74 in 2017Q4. It turned 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.

Sawgrass Asset Mgmt Ltd Liability Corp holds 2.91% or 913,545 shares in its portfolio. Charter Trust stated it has 0.44% in NIKE, Inc. (NYSE:NKE). Rathbone Brothers Public Ltd holds 0.34% or 126,709 shares in its portfolio. 24,825 are held by Lau Associate Ltd. North Star Asset Mngmt holds 0.44% of its portfolio in NIKE, Inc. (NYSE:NKE) for 73,353 shares. Advisors Asset reported 78,369 shares. Ftb Advisors Inc invested in 0.01% or 1,046 shares. Denver Investment Advsrs Ltd Liability Com invested in 179,575 shares or 0.63% of the stock. Aviance Cap Mngmt Ltd Llc holds 0.03% or 5,205 shares in its portfolio. Moreover, Credit Agricole S A has 0% invested in NIKE, Inc. (NYSE:NKE). Caprock Gp Inc has invested 0.2% in NIKE, Inc. (NYSE:NKE). Flossbach Von Storch Ag has invested 0.4% of its portfolio in NIKE, Inc. (NYSE:NKE). Garde Capital Incorporated, a Washington-based fund reported 10,461 shares. Qcm Cayman reported 1.05% stake. 175,646 were accumulated by Kanawha Capital Management Ltd Liability Corp.

Since December 15, 2017, it had 0 insider purchases, and 10 sales for $56.97 million activity. The insider SPRUNK ERIC D sold $3.33M. Slusher John F also sold $7.94M worth of NIKE, Inc. (NYSE:NKE) shares. Another trade for 17,000 shares valued at $1.28M was sold by Matheson Monique S.. EDWARDS TREVOR A had sold 100,000 shares worth $6.85M.

NIKE (NYSE:NKE) Rating Reaffirmed

Wedbush now has a $82 PT on shares of NIKE (NYSE:NKE). The PT gives a potential upside of 9.74 % from the close price of NIKE (NYSE:NKE). This rating was released in an analyst report on Thursday, 14 June.

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. The firm has “Hold” rating given on Friday, March 23 by Jefferies. Macquarie Research maintained it with “Buy” rating and $72.0 target in Thursday, January 11 report. Cowen & Co maintained it with “Hold” rating and $64.0 target in Thursday, January 11 report. As per Thursday, March 22, the company rating was maintained by Robert W. Baird. The firm has “Buy” rating by DA Davidson given on Tuesday, December 26. The company was maintained on Tuesday, December 19 by Canaccord Genuity. Nomura maintained the stock with “Buy” rating in Friday, March 23 report. The stock of NIKE, Inc. (NYSE:NKE) earned “Hold” rating by Canaccord Genuity on Sunday, January 7. On Wednesday, January 31 the stock rating was maintained by Cowen & Co with “Hold”. The stock of NIKE, Inc. (NYSE:NKE) has “Neutral” rating given on Friday, March 23 by B. Riley & Co.

The stock increased 0.82% or $0.61 during the last trading session, reaching $74.72. About 3.78M 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 earnings per share, up 6.67 % or $0.04 from last year’s $0.6 per share. NKE’s profit will be $1.03 billion for 29.19 P/E if the $0.64 EPS becomes a reality. After $0.68 actual earnings per share 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 Benzinga.com with their article: “10 Biggest Price Target Changes For Thursday” published on June 14, 2018, Benzinga.com published: “Nike’s Product Line Is Tipping In A Positive Direction, According To Foot Locker” on June 11, 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 Seekingalpha.com‘s news article titled: “There Is A Lot Going On Underneath The Market – Cramer’s Mad Money (6/11/18)” with publication date: June 12, 2018.

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

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