Stock Analysis:Nike Inc (NYSE:NKE) Target Upped
In a comprehensive report sent to investors by Brean Murray on 18 December, Nike Inc (NYSE:NKE) had its target PPS upgraded to $144.00. The firm at present has a solid Buy rating on shares.
From a total of 28 analysts covering Nike Inc. (NYSE:NKE) stock, 0 rate it a ”Buy”, 0 a “Sell”, and 0 a ”Hold”. This means that NaN 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 $142.54 with a 7.08% above today’s ($128.87) stock price. Nike Inc. was the topic of 44 analyst reports since July 29, 2015 according to the firm StockzIntelligence Inc. Stifel Nicolaus maintained shares on December 15 with “Buy” rating. Argus Research maintained shares with “Buy” rating and $150.0 target share price in a report from an October 16. Telsey Advisory Group maintained NKE stock in a recent report from November 2 with “Outperform” rating. FBR Capital maintained the rating on October 15. FBR Capital has a “Mkt Perform” rating and a $126 price target on shares. Finally, B. Riley & Co maintained the stock with “Buy” rating in a report issued on an October 16.
Approximately 5.13 million shares of stock traded hands or 26.98% up from the average. Nike Inc (NYSE:NKE) has risen 24.04% since May 15, 2015 and is uptrending. It has outperformed by 27.85% the S&P500.
The overall sentiment of institutions has decreased to 1.01 in Q2 2015. Its down 0.04, from 1.05 in 2015Q2. The ratio fall, 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 purchases, 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 $3.13 million. 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 $110.92 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 32.54 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.”