Discussion stirs around NIKE, Inc. (NYSE:NKE) this week; here is what analysts are saying.

March 19, 2018 - By Hazel Jackson

 Discussion stirs around NIKE, Inc. (NYSE:NKE) this week; here is what analysts are saying.
Investors sentiment decreased to 0.8 in 2017 Q3. Its down 0.20, from 1 in 2017Q2. It fall, as 87 investors sold NIKE, Inc. shares while 457 reduced holdings. 78 funds opened positions while 358 raised stakes. 985.62 million shares or 0.88% less from 994.42 million shares in 2017Q2 were reported.
Colonial Trust Advsrs, a South Carolina-based fund reported 138,978 shares. Piedmont Advisors Ltd Liability has 285,260 shares for 0.31% of their portfolio. Raymond James Assocs accumulated 0.06% or 565,838 shares. Glob Thematic Prtnrs Ltd Company holds 5.25% or 3.17M shares. Baldwin Inv Mngmt Limited Liability Company stated it has 0.63% in NIKE, Inc. (NYSE:NKE). Koshinski Asset has invested 0.19% in NIKE, Inc. (NYSE:NKE). Thomas J Herzfeld Advsr, a Florida-based fund reported 696 shares. Pacad Limited holds 42,985 shares or 0.49% of its portfolio. Chickasaw Capital Mngmt Ltd holds 53,720 shares. Kings Point Capital Mngmt holds 0.01% of its portfolio in NIKE, Inc. (NYSE:NKE) for 466 shares. Psagot Investment House invested in 0.01% or 4,200 shares. Parsons Cap Mgmt Ri has 69,835 shares for 0.43% of their portfolio. Marathon Asset Ltd Liability Partnership owns 487,353 shares or 0.42% of their US portfolio. 10,672 were reported by Benjamin F Edwards And Inc. Kentucky Retirement Systems Tru Fund holds 0.32% or 35,042 shares in its portfolio.

Since December 11, 2017, it had 0 insider buys, and 8 insider sales for $45.81 million activity. $6.85 million worth of NIKE, Inc. (NYSE:NKE) was sold by EDWARDS TREVOR A on Wednesday, January 31. SPRUNK ERIC D sold $6.77M worth of stock or 100,000 shares. Matheson Monique S. had sold 10,000 shares worth $650,000 on Friday, December 15. Slusher John F sold $4.75 million worth of stock.

NIKE, Inc. (NYSE:NKE) Ratings Coverage

Among 44 analysts covering Nike Inc. (NYSE:NKE), 25 have Buy rating, 2 Sell and 17 Hold. Therefore 57% are positive. Nike Inc. has $156.0 highest and $42.0 lowest target. $69.97’s average target is 6.69% above currents $65.58 stock price. Nike Inc. had 223 analyst reports since July 29, 2015 according to SRatingsIntel. Morgan Stanley maintained it with “Overweight” rating and $62 target in Wednesday, September 27 report. Piper Jaffray maintained the shares of NKE in report on Thursday, March 23 with “Neutral” rating. The rating was initiated by Wedbush on Wednesday, November 2 with “Neutral”. The rating was maintained by Morgan Stanley with “Equal-Weight” on Wednesday, September 28. The stock of NIKE, Inc. (NYSE:NKE) earned “Outperform” rating by Telsey Advisory Group on Monday, December 18. The firm earned “Market Perform” rating on Monday, August 24 by Kelsey Advisory Group. B.riley maintained the stock with “Neutral” rating in Monday, September 26 report. The firm earned “Hold” rating on Friday, June 16 by J.P. Morgan. Deutsche Bank maintained NIKE, Inc. (NYSE:NKE) on Wednesday, September 16 with “Buy” rating. The company was maintained on Tuesday, September 19 by Wells Fargo. Below is a list of NIKE, Inc. (NYSE:NKE) latest ratings and price target changes.

12/03/2018 Broker: Credit Suisse Rating: Outperform New Target: $78 Initiates Coverage On
15/02/2018 Broker: Stifel Nicolaus Rating: Buy New Target: $80.0 Maintain
15/02/2018 Broker: Buckingham Research Rating: Buy New Target: $75.0 Maintain
31/01/2018 Broker: Cowen & Co Rating: Hold New Target: $68.0 Maintain
31/01/2018 Broker: Oppenheimer Rating: Buy Upgrade
19/01/2018 Broker: Wedbush Old Rating: Neutral New Rating: Outperform Upgrade
11/01/2018 Broker: Macquarie Research Rating: Buy New Target: $72.0 Maintain
11/01/2018 Broker: Cowen & Co Rating: Hold New Target: $64.0 Maintain
07/01/2018 Broker: Canaccord Genuity Rating: Hold New Target: $60.0 Maintain
05/01/2018 Broker: Buckingham Research Rating: Buy New Target: $72 Initiates Coverage On

The stock decreased 0.50% or $0.33 during the last trading session, reaching $65.58. About 5.12 million shares traded. NIKE, Inc. (NYSE:NKE) has declined 9.24% since March 19, 2017 and is downtrending. It has underperformed by 25.94% the S&P500.

NIKE, Inc., together with its subsidiaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, and accessories worldwide. The company has market cap of $106.70 billion. It offers NIKE brand products in nine categories: running, NIKE basketball, the Jordan brand, football, menÂ’s training, womenÂ’s training, action sports, sportswear, and golf. It has a 28.38 P/E ratio. The firm also markets products designed for kids, as well as for other athletic and recreational uses, such as cricket, lacrosse, tennis, volleyball, wrestling, walking, and outdoor activities.

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