Recently, investment analysts covering the stock have updated the mean rating to 2.1. Now the company has earned “Buy” from 11 equity analysts.
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A number of other brokerages have also weighed in on NKE. Quarterly performance of the company shows optimistic momentum of 0.46% while its last one month trend is negative with -6.58%. A research note issued on 6/1/2016 the stock was downgraded by BofA/Merrill from Buy to Neutral. They now have a $61.00 price target on the footwear maker’s stock.
These market makers issue reports on the stocks they cover and issue Buy, Sell and Hold ratings on the equities they cover. The stock now has an average rating of “Buy” and a consensus target price of $65.63.
NIKE, Inc.’s (NKE), a part of Consumer Goods sector and belongs to Textile – Apparel Footwear & Accessories industry; ended its day with a gain of 0.13% and finalized at the price of $55.41. The company traded a volume of 7.67 million shares as comparison to average volume of 9.3 million shares. Nike has a 1-year low of $51.48 and a 1-year high of $68.19. The stock’s 50 day moving average is $56.82 and its 200-day moving average is $57.46.
Nike, Inc. (NYSE:NKE) reported its last earnings on Sep 27 AMC (BMO = before market open, AMC= after market close). Analysts had expected Nike Inc (NYSE:NKE) to report earnings of about $0.48 per share on $8,276.92M in revenue. Nike had a net margin of 11.61% and a return on equity of 29.57%.
In case of Revenue Estimates, 22 analysts have provided their consensus Average Revenue Estimates for Nike, Inc.as 8.88 Billion. For the period ending on 2016-08-31, the projected EPS is $0.55. The business’s revenue for the quarter was up 6.0% on a year-over-year basis.
Currently Nike, Inc. (NKE) captured an average recommendation of ” Overweight ” from analysts, according to FactSet data.
The firm also recently announced a quarterly dividend, which will be paid on Monday, October 3rd. Investors of record on Tuesday, September 6th will be issued a $0.16 dividend. The ex-dividend date of this dividend is Thursday, September 1st. This represents a $0.64 annualized dividend and a dividend yield of 1.16%.
Foot Locker, Inc.’s (FL) price volatility for a month noted as 1.59% however its price volatility for a week documented as 1.42%. The stock was sold at an average price of $56.99, for a total value of $5,699,000.00. Following the completion of the acquisition, the director now directly owns 23,682 shares in the company, valued at approximately $1,304,641.38. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.
In other news, EVP John F. Slusher sold 72,696 shares of Nike stock in a transaction on Tuesday, July 26th. The trading activity of 8.14 Million shares climbed up over an average volume of 13.86 Million shares. The disclosure for this sale can be found here.
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Investors and analysts will also likely be listening for any commentary from management that relates to its sometimes-smaller but pesky rivals. Williams Jones & Associates LLC raised its position in Nike by 2.7% in the second quarter.
