UBS Decides to Downgrade Nike (NYSE:NKE). Will Other Analysts Follow?

June 22, 2018 - By Darrin Black

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.

Denver Invest Advisors Limited Liability Corporation has 0.63% invested in NIKE, Inc. (NYSE:NKE) for 179,575 shares. Cannell Peter B And has 0.99% invested in NIKE, Inc. (NYSE:NKE). Mitchell Mcleod Pugh And Williams Inc has invested 0.66% in NIKE, Inc. (NYSE:NKE). Creative Planning owns 69,382 shares. Gradient Invests Ltd Liability Co reported 0% stake. Alpha Cubed Investments Lc has 4,917 shares for 0.04% of their portfolio. Plante Moran Advsrs Limited Co holds 0.09% or 2,399 shares in its portfolio. Daiwa Sb owns 10,060 shares. Suntrust Banks Incorporated holds 240,409 shares or 0.11% of its portfolio. Security State Bank Of Sioux City Iowa Ia invested 2.71% in NIKE, Inc. (NYSE:NKE). Mawer Invest Management stated it has 1.20M shares or 0.67% of all its holdings. Advantus Cap Mgmt holds 0.23% of its portfolio in NIKE, Inc. (NYSE:NKE) for 132,283 shares. Thrivent Fincl For Lutherans owns 325,959 shares or 0.07% of their US portfolio. Massmutual Fsb Adv stated it has 0% of its portfolio in NIKE, Inc. (NYSE:NKE). Condor Mgmt accumulated 23,922 shares.

Since January 2, 2018, it had 0 buys, and 10 selling transactions for $56.97 million activity. Matheson Monique S. sold 17,000 shares worth $1.28M. EDWARDS TREVOR A sold 100,000 shares worth $6.85 million. $9.86M worth of NIKE, Inc. (NYSE:NKE) was sold by PARKER MARK G. Slusher John F sold $7.94 million worth of stock or 125,722 shares.

Nike (NYSE:NKE) Receives a Downgrade

UBS lowered Nike (NYSE:NKE) shares, lowering their rating to a Hold in an analyst note issued to clients and investors on Thursday morning. Trading on the $119.75B market cap NKE will be interesting to observe today.

NIKE, Inc. (NYSE:NKE) Ratings Coverage

Among 18 analysts covering Nike Inc. (NYSE:NKE), 11 have Buy rating, 0 Sell and 7 Hold. Therefore 61% are positive. Nike Inc. has $87 highest and $60.0 lowest target. $74.29’s average target is -0.01% below currents $74.3 stock price. Nike Inc. had 28 analyst reports since December 26, 2017 according to SRatingsIntel. B. Riley & Co maintained the shares of NKE in report on Friday, March 23 with “Neutral” rating. The rating was maintained by Stifel Nicolaus with “Buy” on Thursday, February 15. Stifel Nicolaus maintained the stock with “Buy” rating in Friday, March 23 report. Cowen & Co maintained the stock with “Hold” rating in Thursday, January 11 report. The rating was maintained by Robert W. Baird on Thursday, June 21 with “Buy”. The stock of NIKE, Inc. (NYSE:NKE) earned “Buy” rating by Stifel Nicolaus on Wednesday, June 20. As per Thursday, February 15, the company rating was maintained by Buckingham Research. On Wednesday, January 31 the stock rating was upgraded by Oppenheimer to “Buy”. The firm earned “Outperform” rating on Thursday, June 14 by Wedbush. Canaccord Genuity maintained NIKE, Inc. (NYSE:NKE) on Friday, March 23 with “Hold” rating.

The stock increased 0.49% or $0.36 during the last trading session, reaching $74.3. About 2.66 million shares traded. NIKE, Inc. (NYSE:NKE) has risen 38.01% since June 22, 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 $1.03 billion for 29.02 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 $119.75 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 68.67 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: 247Wallst.com which released: “Top Analyst Upgrades and Downgrades: Dollar General, KLA-Tencor, Micron Technology, Nike, Red Hat and More” on June 22, 2018, also Bizjournals.com with their article: “Nike SoHo gets a ‘super cool’ remake (Photos)” published on June 21, 2018, Benzinga.com published: “8 Biggest Price Target Changes For Friday” on June 22, 2018. More interesting news about NIKE, Inc. (NYSE:NKE) were released by: Seekingalpha.com and their article: “Can Amazon Save Nike?” published on June 21, 2018 as well as Seekingalpha.com‘s news article titled: “Is It Time To Sell Nike?” with publication date: June 15, 2018.

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

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