Published On: Wed, Sep 14th, 2016

Recent Investment Analysts’ Ratings Updates for Nike (NKE)

Nike (NYSE: NKE) recently received a number of ratings updates from brokerages and research firms:

9/13/2016 – Nike was given a new $63.00 price target on by analysts at Cowen and Company. They now have a “buy” rating on the stock.
9/12/2016 – Nike was given a new $70.00 price target on by analysts at Barclays PLC. They now have a “buy” rating on the stock.
9/12/2016 – Nike had its “buy” rating reaffirmed by analysts at Jefferies Group.
9/9/2016 – Nike had its “overweight” rating reaffirmed by analysts at Barclays PLC. They now have a $75.00 price target on the stock.
9/9/2016 – Nike was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “While a strong performer from the bottom line perspective, Nike’s top line has been missing estimates for quite some time due to adverse currency movements. Evidently, the company expects lingering currency woes to strongly hurt revenues in first-half fiscal 2017. Also, the company’s future orders witnessed a considerable slowdown and lagged expectations in the fourth quarter due to stiff competition from rivals. This further reduces the chances of a top line beat in coming quarters. However, Nike’s positive surprise history reveals that it has been gaining from its customer-centric approach, innovative products and strong portfolio. This along with Nike’s desire for increasing its global footprint, popularity and market share demonstrates its growth appetite. Estimates have been stable ahead of the company’s first-quarter earnings release. The company has positive record of earnings surprises in recent quarters.”
9/8/2016 – Nike was downgraded by analysts at Piper Jaffray Cos. from an “overweight” rating to a “neutral” rating. They now have a $58.00 price target on the stock, up previously from $57.72.
9/1/2016 – Nike was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “While a strong performer from the bottom line perspective, Nike’s top line has been missing estimates for quite some time due to adverse currency movements. Evidently, the company expects lingering currency woes to strongly hurt revenues in first-half fiscal 2017. Also, the company’s future orders witnessed a considerable slowdown and lagged expectations in the fourth quarter due to stiff competition from rivals. This further reduces the chances of a top line beat in coming quarters. However, Nike’s positive surprise history reveals that it has been gaining from its customer-centric approach, innovative products and strong portfolio. This along with Nike’s desire for increasing its global footprint, popularity and market share demonstrates its growth appetite. Estimates have been stable ahead of the company’s first-quarter earnings release. The company has positive record of earnings surprises in recent quarters.”
8/31/2016 – Nike was downgraded by analysts at B. Riley to a “neutral” rating. They now have a $62.00 price target on the stock.
8/29/2016 – Nike was upgraded by analysts at Vetr from a “sell” rating to a “hold” rating. They now have a $56.94 price target on the stock.
8/26/2016 – Nike was downgraded by analysts at B. Riley from a “buy” rating to a “neutral” rating. They now have a $62.00 price target on the stock.
8/26/2016 – Nike was downgraded by analysts at B. Riley from a “buy” rating to a “neutral” rating. They now have a $62.00 price target on the stock, up previously from $58.66.
8/26/2016 – Nike had its “buy” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $68.00 price target on the stock.
8/24/2016 – Nike was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Nike’s positive surprise history reveals that it has been gaining from its customer-centric approach, innovative products and strong portfolio. This along with Nike’s desire for increasing its global footprint, popularity and market share demonstrates its growth appetite. While a strong performer from the bottom line perspective, Nike’s top line has been missing estimates for quite some time due to adverse currency movements. Evidently, the company expects lingering currency woes to strongly hurt revenues in first-half fiscal 2017. Also, the company’s future orders witnessed a considerable slowdown and lagged expectations in the fourth quarter due to stiff competition from rivals. This further reduces the chances of a top line beat in coming quarters. Estimates have been stable lately ahead of the company’s first-quarter earnings release. The company has positive record of earnings surprises in recent quarters.”
8/21/2016 – Nike had its “buy” rating reaffirmed by analysts at Brean Capital. They now have a $62.00 price target on the stock.
8/15/2016 – Nike was downgraded by analysts at Vetr from a “hold” rating to a “sell” rating. They now have a $54.43 price target on the stock.
8/10/2016 – Nike had its “buy” rating reaffirmed by analysts at Deutsche Bank AG.
8/9/2016 – Nike was upgraded by analysts at Vetr from a “sell” rating to a “hold” rating. They now have a $54.43 price target on the stock.
8/3/2016 – Nike was upgraded by analysts at Vetr from a “sell” rating to a “hold” rating. They now have a $54.01 price target on the stock.
8/2/2016 – Nike was downgraded by analysts at Vetr from a “hold” rating to a “sell” rating. They now have a $53.10 price target on the stock.
7/27/2016 – Nike was upgraded by analysts at Vetr from a “sell” rating to a “hold” rating. They now have a $54.48 price target on the stock.
7/17/2016 – Nike had its “buy” rating reaffirmed by analysts at Deutsche Bank AG.

Shares of Nike Inc. (NYSE:NKE) opened at 55.37 on Wednesday. Nike Inc. has a 52 week low of $51.48 and a 52 week high of $68.19. The stock has a 50 day moving average price of $56.89 and a 200-day moving average price of $57.72. The stock has a market cap of $92.89 billion, a P/E ratio of 25.63 and a beta of 0.52.
Nike (NYSE:NKE) last announced its quarterly earnings data on Tuesday, June 28th. The footwear maker reported $0.49 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.48 by $0.01. The business had revenue of $8.24 billion for the quarter, compared to analysts’ expectations of $8.28 billion. Nike had a return on equity of 29.57% and a net margin of 11.61%. The company’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period last year, the firm earned $0.49 earnings per share. Equities analysts predict that Nike Inc. will post $2.40 EPS for the current fiscal year.

This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at http://www.americanbankingnews.com/2016/09/14/recent-investment-analysts-ratings-updates-for-nike-nke.html

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 3rd. Stockholders of record on Tuesday, September 6th will be paid a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 1.16%. The ex-dividend date is Thursday, September 1st. Nike’s payout ratio is currently 29.63%.
In other Nike news, Director John C. Lechleiter purchased 1,000 shares of the business’s stock in a transaction on Friday, July 1st. The shares were bought at an average cost of $55.09 per share, for a total transaction of $55,090.00. Following the completion of the purchase, the director now directly owns 23,682 shares in the company, valued at $1,304,641.38. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Hilary K. Krane sold 100,000 shares of the firm’s stock in a transaction on Monday, July 25th. The shares were sold at an average price of $56.99, for a total value of $5,699,000.00. Following the completion of the sale, the executive vice president now owns 310,795 shares in the company, valued at $17,712,207.05. The disclosure for this sale can be found here. 3.90% of the stock is owned by insiders.
NIKE, Inc is engaged in the design, development, marketing and selling of athletic footwear, apparel, equipment, accessories and services. The Company sells its products to retail accounts, through NIKE-owned retail stores and Internet Websites (which the Company refers to as its Direct to Consumer or DTC operations), and through a mix of independent distributors and licensees throughout the world.

Receive News & Ratings for Nike Inc Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Nike Inc and related companies with MarketBeat.com’s FREE daily email newsletter.

Leave a comment

XHTML: You can use these html tags: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>