Robert W. Baird Reaffirms Outperform Rating for Nike, Inc. (NKE)

Tammy Harvey
July 1, 2017

These factors, along with lingering currency woes also caused a soft sales view for fourth-quarter fiscal 2017. Deutsche Bank maintained the shares of NKE in report on Wednesday, September 16 with "Buy" rating. The company stated in its earnings report that HyperAdapt 2.0 will "deliver new forms of adaptive technology at more accessible price points".

Last week, Goldman Sachs had hinted that a Nike/Amazon deal was in the works. Stifel Nicolaus dropped their price target on Nike from $68.00 to $66.00 and set a "buy" rating for the company in a report on Wednesday, March 22nd. As the company continues to deliver on its long-term goals, it's no surprise to see shares approaching a fresh 52-week high as of this writing.

Basically, a price target is an individual analyst's projection on the future price of a stock.

This article is being republished as part of our daily reproduction of WSJ.com articles that also appeared in the United States print edition of The Wall Street Journal (June 30, 2017). The recommendation scale measures the value from 1 to 5, where 1 means "Buy" and 5 stands for "Sell". JP Morgan maintained it with "Overweight" rating and $72 target in Monday, March 21 report. The company holds 1.66 billion outstanding shares and 1.31 billion shares are floating in market. Nike has a one year low of $49.01 and a one year high of $60.33.

Investors have been waiting for Nike's home market to bounce back, said Brian Yarbrough, an analyst for Edward Jones & Co.

Moving toward the technical facts, its current distance from 20-Day Simple Moving Average is 0.07% and standing -1.34% away from 50-Day Simple Moving Average while traded down -1.15% from 200-Day Simple Moving Average. Strategic Serv Inc reported 0.49% of its portfolio in Nike Inc (NYSE:NKE).

Nike Inc.'s Chief Executive Officer Mark Parker confirmed reports that it is starting a pilot program to sell some items directly through Amazon.com Inc.


During the earnings call Nike revealed its net income rose to $1bn in the fiscal fourth quarter compared to $846m during the same period one year ago. Presently, it has a Return on Equity (ROE) of 33.00% and Return on Investment (ROI) of 25.50%.

Full-year revenues were up 6% to $34.4 billion. During the same period a year ago, the firm posted $0.49 earnings per share.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 5th. Blackhill Capital Inc holds 1,400 shares or 0.01% of its portfolio.

The tech-heavy Nasdaq index declined 1.4% on Thursday, erasing month-to-date gains achieved through to the end of Wednesday and laying the groundwork for the first negative month since October 2016. Nike's dividend payout ratio is presently 30.00%. "(NKE) Shares Sold by Bridgecreek Investment Management LLC" was published by Markets Daily and is owned by of Markets Daily. If you are reading this news story on another website, it was illegally stolen and republished in violation of US and worldwide copyright and trademark law. Sei Investments accumulated 688,452 shares or 0.17% of the stock. Institutional investors and hedge funds own 64.00% of the company's stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

As part of the push, the company announced a project yesterday to sell shoes through Instagram, the popular photo app. The stock was sold at an average price of $57.00, for a total transaction of $2,850,000.00. Stillwater Investment Management LLC now owns 37,813 shares of the footwear maker's stock valued at $2,107,000 after buying an additional 1,677 shares during the period. The disclosure for this sale can be found here. They expect $4.12 EPS, up 12.57% or $0.46 from last year's $3.66 per share.

Nike (NYSE NKE) transacted up 0.70% on early Wednesday, reaching $53.32. AT Bancorp increased its position in shares of Nike by 7.4% in the first quarter. The stock of the sportswear giant is up almost 13% so far this year. The stock of Nike Inc (NYSE:NKE) has "Hold" rating given on Friday, September 23 by Canaccord Genuity.

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