Economy

Nike, Inc. (NKE) Expected to Announce Quarterly Sales of $9.09 Billion

Nike, Inc. (NKE) Expected to Announce Quarterly Sales of $9.09 Billion”

Stock Dropped Today" published on August 18, 2017 as well as Investorplace.com's news article titled: "Nike Inc (NKE) Stock Continues Its Upward Climb" with publication date: "August 03, 2017. As per Tuesday, October 27, the company rating was initiated by Wunderlich. The company was downgraded on Monday, January 9 by Raymond James. FBR Capital maintained Nike Inc (NYSE:NKE) rating on Thursday, October 15. The stock has "Outperform" rating by Credit Suisse on Wednesday, December 28. The rating was maintained by FinnCap on Monday, March 13 with "Corporate". V Wealth Management LLC acquired a new stake in shares of Nike during the second quarter worth about $100,000. The institutional investor held 33 shares of the consumer non-durables company at the end of 2016Q4, valued at $32,000, down from 2,768 at the end of the previous reported quarter.

Gofen & Glossberg LLC IL boosted its position in Nike, Inc. The last stock close price is up -3.41% from the 200-day moving average, compared to the S&P 500 which has increased 0.05% over the same time. About shares traded. Nike Inc (NYSE:NKE) has declined 9.24% since August 28, 2016 and is downtrending. It has underperformed by 25.94% the S&P500.

Among 42 analysts covering Nike Inc. Three analysts have rated the stock with a sell rating, fifteen have given a hold rating and twenty-two have issued a buy rating to the company's stock. Therefore 64% are positive. Genesis Energy LP has $69 highest and $34.0 lowest target.

On average, analysts expect that Nike will report full-year sales of $9.09 billion for the current year, with estimates ranging from $35.38 billion to $36.52 billion. Goldman Sachs downgraded the shares of NKE in report on Wednesday, December 2 to "Buy" rating.

NIKE, Inc.'s P/E ratio now stands at 21.52, while the P/S ratio is at 2.69 and the potential growth rate of earnings per share this year is at 16.10%. The firm has "Neutral" rating given on Friday, August 26 by B. Riley & Co. The rating was maintained by Telsey Advisory Group on Tuesday, September 22 with "Outperform". The stock of Nike Inc (NYSE:NKE) earned "Market Perform" rating by FBR Capital on Thursday, March 23. The stock of Nike Inc (NYSE:NKE) earned "Hold" rating by Canaccord Genuity on Wednesday, March 23. The stock has "Buy" rating by Numis Securities on Monday, August 1.

Investors sentiment increased to 1.07 in Q4 2016. Its up 0.02, from 1.1 in 2016Q3. It increased, as 84 investors sold NKE shares while 443 reduced holdings. 27 funds opened positions while 44 raised stakes. 993.29 million shares or 0.55% less from 998.81 million shares in 2016Q3 were reported. Sigma Planning Corp stated it has 23,885 shares. Solaris Asset Management Ltd Liability Corporation holds 0.08% or 4,600 shares in its portfolio. Amer National Bank & Trust invested in 315 shares. Moreover, Profund Ltd has 0.09% invested in Nike Inc (NYSE:NKE). The company has a market cap of $88.57 billion, a price-to-earnings ratio of 21.47 and a beta of 0.59. The firm owned 318,569 shares of the footwear maker's stock after buying an additional 83 shares during the period. 47,796 Apple Inc. (NASDAQ:AAPL) shares with value of $6.85 million were sold by SCHILLER PHILIP W. 45,000 shares were sold by Cue Eduardo H, worth $6.92M on Monday, May 22. Bnp Paribas Inv Prtn Sa owns 1.27 million shares. Finally, State of Alaska Department of Revenue acquired a new stake in shares of Nike during the first quarter valued at about $169,000.

Since March 24, 2017, it had 1 buying transaction, and 5 selling transactions for $14.79 million activity. 5,929 were accumulated by Empirical Fincl Serv. 659,183 were accumulated by Aqr Capital Limited Liability.

In other news, insider Eric D. Sprunk sold 50,000 shares of the business's stock in a transaction that occurred on Friday, June 30th. Shares for $5.55M were sold by PARKER MARK G on Monday, April 3. Janus Henderson Group PLC now owns 16,619,387 shares of the footwear maker's stock valued at $980,539,000 after buying an additional 16,237,557 shares during the period. It also reduced Autoliv (NYSE:ALV) stake by 51,653 shares and now owns 1,383 shares. Yrc Worldwide Inc (NASDAQ:YRCW) was reduced too.

Investors sentiment decreased to 0.83 in Q4 2016. 123 funds opened positions while 723 raised stakes. 137.87 million shares or 2.92% less from 142.02 million shares in 2016Q3 were reported. Emerald Advisers Pa invested in 10,350 shares or 0.02% of the stock. Rfg Advisory Grp Lc owns 5.13% invested in Apple Inc. Tudor Invest Et Al holds 0.04% or 37,970 shares. Smithbridge Asset De reported 1.78% stake.

Prentiss Smith & Co Inc decreased United Parcel Service Inc (NYSE:UPS) stake by 3,124 shares to 581 valued at $67,000 in 2016Q4. Fagan Assoc Incorporated invested in 113,837 shares or 3.34% of the stock. Bp Pcl has invested 0.07% in Realty Income Corp (NYSE:O). Provident Mgmt Inc has invested 0.14% in Realty Income Corp (NYSE:O). Lehman Financial Res Incorporated invested in 2.14% or 65,295 shares. North Star Investment Mgmt stated it has 0.01% of its portfolio in Enbridge Energy Partners, L.P. (NYSE:EEP). Northpointe Capital Llc, a Michigan-based fund reported 929,802 shares. Jpmorgan Chase holds 476,821 shares or 0% of its portfolio.

The stock increased 0.94% or $0.54 on August 25, reaching $58.04. About shares traded. Enbridge Energy Partners, L.P. (NYSE:EEP) has declined 18.43% since August 28, 2016 and is downtrending. It has underperformed by 20.91% the S&P500.

Since June 9, 2017, it had 0 buys, and 1 insider sale for $108,939 activity. Maestri Luca had sold 17,897 shares worth $2.51 million. The stock was sold at an average price of $59.00, for a total value of $2,950,000.00. About shares traded. MasTec, Inc. Morgan Stanley has 1.13M shares. Ota Financial Group Lp who had been investing in Enbridge Energy Partners for a number of months, seems to be less bullish one the $5.85B market cap company. The Firm is engaged in in-house acquisition, portfolio management, asset management, credit research, real estate research, legal, finance and accounting, information technology and capital markets capabilities. It has a 49.56 P/E ratio.

- Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.



Like this

loading...
loading...

Latest


28 August 2017
North Korea hints at stronger missiles in photos
In July, it launched an intercontinental ballistic missile , which North Korea claims could reach "anywhere in the world". US President Donald Trump later said North Korean leader Kim Jong-un was "starting to respect us".

28 August 2017
Cuomo signs 'Briana's Law' requiring NY police officers to learn CPR
During the attack, Ojeda's mother flagged down a police officer who didn't help, saying he didn't know how to perform CPR. CPR is a medical technique administered through chest compressions and breaths in cardiac and breathing emergencies.

28 August 2017
Scattered Rain Into Monday; Harvey in Arkansas Late-Week
As Hurricane Harvey moves out, it may be able to pick up a little bit of energy, but the storm is not expected to restrengthen. The work week starts on a nice note with partly sunny skies, a cool northeasterly breeze and temperatures in the upper 80s.

28 August 2017
Arsene Wenger terms Liverpool loss disastrous; Arsenal unwatchable for Thierry Henry
But we will try everything to improve in the next game and bounce back from the disappointment we are all feeling at the moment". The 25-year-old has now scored two goals in three Premier League games after joining from AS Roma in the summer transfer window.

28 August 2017
Another royal baby for Sweden! Princess Madeleine announces her third pregnancy
However, he said their plans were on hold in order for the couple to be able to focus their full attentions on Leonore and Nicolas.

28 August 2017
Shark-Detecting Drones to Patrol Australian Beaches
It can then tag sharks and other marine life, such as dolphins and whales, in real time. Environmentalists say nets can harm wildlife.

28 August 2017
Babumoshai Bandookbaaz Maintains Its Pace At The Box Office On Day 2
Other two Bollywood films, "Qaidi Band" and "Sniff" have done a business of Rs 25 lakhs and Rs 50 lakhs net respectively. The action-comedy genre has all elements and has received mixed reviews from the critics as well as from the audience.

28 August 2017
USA says N.Korea missiles failed in flight, exploded on launch
Earlier this month Trump had warned that North Korea would be met with " fire and fury ", if it continued with its threats. The White House said Mr Trump had been briefed about the latest missiles but did not immediately have further comment.

28 August 2017
Sarahah could infiltrate into your phone and upload your contacts without permission
Well, not sure about you, but collecting data for a feature which is not even available yet, can not be justified for most people. For users who are anxious about their privacy on Sarahah, you can go to the Sarahah website and remove your account from the app.

28 August 2017
North Korea fires possible ballistic missile
The U.S. military's Pacific Command said it had detected three short-range ballistic missiles, fired over a 20 minute period. Vice President Mike Pence, Defense Secretary James Mattis, CIA head Mike Pompeo, Chairman of the Joint Chiefs of Staff Gen.