NIKE (NYSE:NKE) Rating Reaffirmed
In analysts report disseminated this morning, Stifel has reaffirmed their “Buy” rating on NIKE (NYSE:NKE) shares. The PT may mean a possible upside of 14.19% from firm’s current stock price.
From a total of 28 analysts covering Nike Inc. (NYSE:NKE) stock, 25 rate it a ”Buy”, 0 a “Sell”, and 4 a ”Hold”. This means that 86% of the ratings are positive. The highest target price is $200 while the lowest target price is $120. The mean of all analyst targets is $141.96 with a 7.61% above today’s ($127.81) stock price. Nike Inc. was the topic of 43 analyst reports since July 29, 2015 according to the firm StockzIntelligence Inc. Goldman Sachs downgraded shares on December 2 to “Buy” rating. FBR Capital maintained shares with “Mkt Perform” rating and $126 target share price in a report from an October 15. BB&T Capital upgraded NKE stock in a recent report from October 19 to “Buy” rating. S&P Research maintained the rating on September 28. S&P Research has a “Buy” rating and a $136 price target on shares. Finally, Argus Research maintained the stock with “Buy” rating in a report issued on an October 16.
The stock increased 1.20% or $1.52 during the last trading session, striking $127.81. Approximately shares of stock traded hands. Nike Inc (NYSE:NKE) has risen 24.90% since May 12, 2015 and is uptrending. It has outperformed by 28.58% the S&P500.
Analysts await Nike Inc (NYSE:NKE) to reports earnings on December, 17. They expect $0.84 EPS, up 13.51% or $0.10 from last year’s $0.74 per share. NKE’s profit will be $707.31 million for 38.04 P/E if the $0.84 EPS becomes reality. After $1.34 actual EPS reported by Nike Inc for the previous quarter, Wall Street now forecasts -37.31% negative EPS growth.
The overall sentiment of institutions has decreased to 1.01 in Q2 2015. Its down 0.04, from 1.05 in 2015Q2. The ratio turned negative, as 51 institutions have sold all the shares of Nike Inc that they owned while 458 funds have taken shares off the table. 121 funds have purchased shares for the first time while 393 added to their positions. These institutions now hold 505.48 million shares or 7.73% less than the 547.84 million shares they owned in 2015Q2.
The Fund Jasper Ridge Partners L.P. currently is holding shares equating to 10.7% of its total portfolio in Nike Inc representing a total of 1.17 million shares. Another fund,Mcdonald Capital Investors Inc Ca, is holding a total of 793,758 shares equating to 10.49% of their holdings. Additionally, Lansdowne Partners (Uk) Llp has a 8.53 million share stake in Nike Inc which represents 8.84% of their total portfolio. The Fund, Polen Capital Management Llc, based out of Florida, has also built up a stake in the stock, which represents a total of 7.82% of their total portfolio. Finally Suncoast Equity Management, a fund which is based in the state of Florida reported a total holdings of 126,896 shares.
Insider activity is a very important aspect to track on any stock. Going back to March 6, 2015, shareholders of Nike Inc have witnessed 0 insider buys, and a total of 18 selling transactions equating to a net activity of approximately $114.43 million . Sprunk Eric D sold 91,282 shares worth approximately $12.09 million. Jackson Jeanne P sold 12,500 shares worth approximately $1.60 million. Cook Timothy D sold 8,000 shares worth approximately $996,722. Krane Hilary K sold 25,000 shares worth approximately $3.13M. The company insider Slusher John F sold 28,000 shares worth $3.41 million.
NIKE, Inc. is engaged in the design, development, marketing and selling of athletic footwear, apparel, equipment, accessories and services. The company has a market cap of $107.62 billion. The Firm sells its products to retail accounts, through NIKE-owned retail stores and Internet Websites , and through a mix of independent distributors and licensees throughout the world. It has 32.27 P/E ratio. The Firm focuses its NIKE Brand product offerings in eight key categories: Running, Basketball, Football (Soccer), Men’s Training, Women’s Training, Action Sports, Sportswear (the Company’s sports-inspired lifestyle products) and Golf.
According to Zacks Investment Research, “Nike, Inc.’s principal business activity involves the design, development and worldwide marketing of high quality footwear, apparel, equipment, and accessory products. NIKE is the one of the largest sellers of athletic footwear and athletic apparel in the world. The company sells its products to retail accounts in the United States and through a mix of independent distributors, licensees and subsidiaries in numerous countries around the world.”