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Main » Wedbush Reaffirms "Outperform" Rating for Nike (NYSE:NKE)

Wedbush Reaffirms "Outperform" Rating for Nike (NYSE:NKE)

17 April 2018

About 4.30 million shares traded. Also, the number of institutional investors holding Schulman A Inc in top ten holdings decreased from 1 to 0 for a decrease of 1.

Moloney Securities Asset Management LLC bought a new stake in shares of Nike Inc (NYSE:NKE) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). (NYSE:NKE)'s stock as a Hold in a research note published on Friday, March 23rd, 2018 and posted a $68 price target on the common stock of NIKE, Inc. The Augustine Asset Management Inc holds 53,354 shares with $3.34 million value, down from 59,206 last quarter.

NIKE Inc (NYSE: NKE) has grabbed attention from the analysts when it experienced a change of -0.77% in the last trading session to close at $67.25. About 4.30 million shares traded. It has outperformed by 6.76% the S&P500.

The stock has a market cap of $113.03B and the number of outstanding shares has been calculated 1.68B. It offers custom performance colors, including standard and customized colors, organic and inorganic pigments, high chroma colors in translucent or opaque formats, and special effects. It has a 27.54 P/E ratio.

City Of London Investment Management Co Ltd holds 2.31% of its portfolio in The Central and Eastern Europe for 1.37 million shares. (NYSE:NKE). Altfest L J & owns 3,902 shares or 0.09% of their USA portfolio. Pinnacle Ptnrs has 0.46% invested in NIKE, Inc. The Colorado-based Tributary Capital Management Llc has invested 1.52% in the stock. Financial Counselors Inc, a Missouri-based fund reported 41,767 shares. The stock increased 0.15% or $0.17 during the last trading session, reaching $110.47. Its share price has decline -9.09% in three months and is down -6.65% for the last five trades. It has outperformed by 30.77% the S&P500. A percentage that's positive means that profits exceed costs - so analysts consider the investment as a net gain. Finally, Buckingham Research increased their target price on Nike from $72.00 to $75.00 and gave the company a "buy" rating in a research note on Thursday, February 15th. Fiduciary Trust Com reported 0.42% stake. The firm has "Hold" rating given on Friday, December 22 by Jefferies.

At the moment, there are a total of 37 analysts who cover NIKE, Inc. Four analysts have rated the stock with a sell rating, fifteen have issued a hold rating and twenty-four have issued a buy rating to the stock. Therefore 58% are positive.

NIKE, Inc, together with its subsidiaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, and accessories worldwide. (NYSE:NKE) earned "Buy" rating by DA Davidson on Tuesday, December 26. Canaccord Genuity maintained the shares of NKE in report on Wednesday, March 23 with "Hold" rating. Deutsche Bank set a $76.00 target price on Nike and gave the stock a buy rating in a report on Thursday, December 14th. The rating was maintained by FBR Capital on Thursday, October 15 with "Mkt Perform". The stock rating was maintained by Wedbush with "Hold" on Thursday, December 14. The stock has "Overweight" rating by Barclays Capital on Thursday, March 23.

Among 29 analysts covering Union Pacific Corporation (NYSE:UNP), 14 have Buy rating, 2 Sell and 13 Hold. As per Tuesday, October 25, the company rating was initiated by Oppenheimer. (NYSE:NKE). Other Wall Street experts have also recently posted reports on these shares. $68.05's average target is 1.19% above currents $67.25 stock price. Michigan-based Chemical Comml Bank has invested 0.3% in NIKE, Inc. Its down 0.06, from 0.8 in 2017Q3. The shares were sold at an average price of $70.00, for a total value of $9,450,000.00. 109 funds opened positions while 312 raised stakes. The institutional investor held 22,324 shares of the industrial machinery and components company at the end of 2017Q4, valued at $4.19B, down from 22,536 at the end of the previous reported quarter. This represents a $0.80 annualized dividend and a yield of 1.19%. Citigroup stated earnings per share of 1.68 dollars and its first-quarter revenue reached 18.9 billion dollars. (NYSE:NKE) is 0.345967. The Return on Invested Capital is a ratio that determines whether a company is profitable or not. Following the sale, the executive vice president now directly owns 357,713 shares in the company, valued at $18,740,584.07. Synovus Finance stated it has 121,672 shares or 0.13% of all its holdings. (NYSE:HBI). Associated Banc holds 559,094 shares or 0.63% of its portfolio. Fagan Assocs Incorporated owns 1.99% invested in NIKE, Inc. Public Sector Pension Board invested 0.07% in NIKE, Inc. (NYSE:NKE). 3,784 were reported by Reliance Tru Co Of Delaware. Hartford Financial Inc reported 6,195 shares. Balasa Dinverno And Foltz invested in 8,727 shares.

Since October 25, 2017, it had 1 buy, and 9 insider sales for $22.34 million activity. Also, insider Eric D. Sprunk sold 100,000 shares of Nike stock in a transaction on Tuesday, January 30th. 74,278 shares valued at $4.75M were sold by Slusher John F on Friday, January 5. The insider EDWARDS TREVOR A sold 100,000 shares worth $6.85 million. 10,000 shares valued at $650,000 were sold by Matheson Monique S. on Friday, December 15.

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Wedbush Reaffirms