DA Davidson Reiterates $78.00 Price Target for Nike (NKE)

Marco Green
January 13, 2018

Gareth Morgan Investments Limited Partnership sold 17,716 shares as Nike Inc (NKE)'s stock declined 8.78%. The institutional investor held 418,707 shares of the consumer non-durables company at the end of 2017Q3, valued at $21.71M, up from 410,947 at the end of the previous reported quarter.

Market watchers may also be following some quality ratios for NIKE, Inc. The stock increased 0.03% or $0.02 during the last trading session, reaching $64.11. (NKE)'s shares. The total value of these holdings, in millions, is $66,829. The Price to Cash Flow for NIKE, Inc. It has underperformed by 16.70% the S&P500.

Davis Capital Partners Llc increased its stake in Signature Bank New York (SBNY) by 122.92% based on its latest 2017Q3 regulatory filing with the SEC.

As investors survey the stock market, they will often look to make the smartest possible decisions when purchasing company shares. Fj Capital Management Llc who had been investing in First Conn Bancorp Inc Md for a number of months, seems to be bullish on the $402.39M market cap company. Capital Research Global Investors now owns 24,135,396 shares of the footwear maker's stock worth $1,423,988,000 after acquiring an additional 2,274,869 shares in the last quarter. The total number of shares traded in the last 12 months is 6.21 million. Frutarom Industries Ltd. (OTCMKTS:FRUTF) has 0.00% since January 11, 2017 and is. It has underperformed by 16.70% the S&P500.

NIKE, Inc. (NYSE:NKE) has a current MF Rank of 4873.

Among 20 analysts covering Marriott International (NASDAQ:MAR), 11 have Buy rating, 0 Sell and 9 Hold. Therefore 52% are positive. The firm earned "Top Pick" rating on Monday, March 13 by RBC Capital Markets. Credit Suisse maintained the shares of NKE in report on Wednesday, September 28 with "Outperform" rating. Finally, Morgan Stanley set a $64.00 price objective on shares of Nike and gave the company a "buy" rating in a report on Monday, September 18th. The price to earnings ratio for NIKE, Inc.

Nike (NYSE:NKE) last released its quarterly earnings results on Tuesday, December 20th. (NYSE:NKE) can provide us with excellent insight into how the company's stock is performing. The rating was maintained by Canaccord Genuity on Tuesday, September 22 with "Hold". The rating was maintained by Stifel Nicolaus on Wednesday, November 8 with "Hold". The rating was downgraded by Argus Research on Tuesday, April 4 to "Hold". The firm earned "Sell" rating on Friday, December 22 by Bank of America. The insider, SLUSHER JOHN F, now holds 168,169 shares of NKE.

Since September 14, 2017, it had 0 buys, and 5 sales for $18.84 million activity. (NASDAQ:MAR) shares with value of $462,245 were sold by Ryan Edward A. Linnartz Stephanie sold $659,348 worth of stock.

The shares of the company (NKE) staged the smart recovery as has roared back some 27.55% after stumbling to its new 52-weeks low. Stella-Jones Inc. (TSE:SJ) has 0.00% since January 10, 2017 and is. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.67 and a current ratio of 2.46. It dived, as 87 investors sold NKE shares while 457 reduced holdings. 78 funds opened positions while 358 raised stakes. The footwear maker reported $0.46 EPS for the quarter, beating the consensus estimate of $0.40 by $0.06. Ensemble Mngmt Ltd Liability Com reported 331,459 shares stake.

The top 5 institutional holders, in ascending order, are as follows: VANGUARD GROUP INC with 100.38 million shares, BLACKROCK INC. with 79.67 million shares, STATE STREET CORP with 58.08 million shares, WELLINGTON MANAGEMENT GROUP LLP with 50.21 million shares, and FMR LLC with 29.1 million shares. Principal Financial Gru reported 40,160 shares or 0% of all its holdings. The share price volatility of the stock remained at 1.45% for the month and by reducing the timeframe to just a week, the volatility stood at 1.75%. Capital Research Global Investors grew its position in shares of Nike by 10.4% in the 2nd quarter. The stock had a trading volume of 2,346,969 shares, compared to its average volume of 8,448,600. Of those transactions, there were 598,589 shares of NKE bought and 5.61 million shares sold. Shareholders of record on Monday, December 4th were given a dividend of $0.20 per share. Robecosam Ag accumulated 72,760 shares or 0.3% of the stock. Independent holds 1.51% of its portfolio in NIKE, Inc. (NYSE:NKE). Guardian Tru has 742,684 shares. Oppenheimer And owns 14,452 shares for 0.04% of their portfolio. Raymond James Na has 55,115 shares. Nomura Hldg reported 0% of its portfolio in Gartner, Inc. Liberty Management holds 400 shares. The insider now holds 1.5 million shares of NIKE, Inc. It also reduced Scripps Networks Inter (NYSE:SNI) stake by 76,328 shares and now owns 103,572 shares. The firm has "Sector Perform" rating given on Friday, August 12 by Scotia Capital. It increased, as 56 investors sold C shares while 400 reduced holdings. (NYSE:NKE). Illinois-based Rothschild Corp Il has invested 0.09% in NIKE, Inc. Ally has invested 1.14% in NIKE, Inc. This is an increase from Nike's previous quarterly dividend of $0.16.

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