The Nike Inc. (NKE) Decreased by the Cowen and Company
Dec 14 2016 by Michele Stevens
Zacks Investment Research upgraded shares of Nike from a "sell" rating to a "hold" rating in a report on Tuesday. Finally, Bank of America Corp. set a $55.00 price target on Nike and gave the stock a "hold" rating in a report on Wednesday, September 28th. The 12-month price target is $70.52 with nine analysts rating the company a strong buy, fifteen analysts rating the company a buy, eight analysts rating the company a hold, zero analysts rating the company a underperform, and lastly zero analysts rating the company a sell. Credit Suisse Group AG set a $60.00 price objective on Nike and gave the company a "buy" rating in a report on Friday, November 11th.
Nike, Inc. has 1,665,434,000 shares in issue which have a share price of 51.47 giving Nike, Inc. a market capitalisation of 85.72B Dollars. Analysts mean target price for NIKE, Inc.
Price Potential: Even though the stock has posted -0.35% fall in value, its new closing price reflects a -23.52% fall in value from company's one year high of $68.19.
The company has a 50 day moving average of 50.98 and a 200 day moving average of 54.25.
Nike (NYSE:NKE) last released its earnings results on Tuesday, September 27th. Firm quarterly performance is 39.16%. Nike had a net margin of 11.60% and a return on equity of 30.56%. Therefore, the stated figure displays a quarterly performance of -6.58% and year to date performance of -16.55%. During the same period past year, the business posted $1.34 earnings per share.
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Number of analysts are covering this stock and now stock has got OUTPERFORM rating from 2 analysts of Thomson Reuters, 5 analysts given HOLD rating to the stock. Coty's first quarterly dividend is payable on December 28, 2016 to shareholders of record at the close of business on December 19, 2016.
The (Simple Month Average) SMA20 is at 1.2 percent, its SMA50 Value is 0.85% and SMA200 value is reported as -7.25 Percent. For the prior quarter revenue for the stock hit $8.24B, with EPS at $0.49. The ability for NIKE, Inc.to pay these debts is as follows; current ratio is 2.7 and quick ratio comes to 1.8.
Nike Inc closed down -0.55 points or -1.06% at $51.55 with 92,60,850 shares getting traded on Thursday. The stock was bought at an average cost of $52.72 per share, for a total transaction of $52,720.00. Following the transaction, the chairman now owns 1,985,225 shares of the company's stock, valued at $98,824,500.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Parker Mark G offloaded 150,000 shares in the company at a per-share price of $49.78 and ended up generating $7,467,000 in proceeds. The stock was sold at an average price of $49.78, for a total value of $7,467,000.00. SevenBridge Financial Group LLC now owns 3,603 shares of the footwear maker's stock valued at $187,000 after buying an additional 1,784 shares during the last quarter. The disclosure for this sale can be found here.
Several institutional investors have recently made changes to their positions in the company. Vontobel Asset Management Inc. bought a new position in shares of Nike during the second quarter worth about $175,750,000. BNP Paribas Arbitrage SA increased its position in shares of Nike by 81.6% in the second quarter. DAVENPORT & Co LLC now owns 17,144 shares of the footwear maker's stock worth $946,000 after buying an additional 754 shares during the period. Capstone Asset Management Co. raised its position in Nike by 8.3% in the second quarter.