Nike (NYSE:NKE) PT Set at $59.00 by Goldman Sachs Group

Marco Green
January 14, 2018

The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.67 and a current ratio of 2.46. About 14,364 shares traded. Gartner, Inc. (NYSE:IT) has risen 15.57% since January 11, 2017 and is uptrending. It has outperformed by 2.27% the S&P500.

NIKE, Inc is engaged in the design, development, marketing and selling of athletic footwear, apparel, equipment, accessories and services.

New Vernon Investment Management Llc decreased its stake in Banco Macro Sa (BMA) by 29.97% based on its latest 2017Q3 regulatory filing with the SEC. Bank Of Stockton sold 6,100 shares as the company's stock declined 8.78% while stock markets rallied. The Meiji Yasuda Asset Management Company Ltd holds 50,183 shares with $2.60 million value, down from 56,583 last quarter. Loring Wolcott & Coolidge Fiduciary Advisors Llp who had been investing in Nike Inc Class B for a number of months, seems to be bullish on the $104.76B market cap company.

NIKE, Inc. (NKE) shares are up 0.95% for the week and that has got investors and traders sitting up and taking note. EVTC's SI was 1.22M shares in January as released by FINRA.

Nike (NYSE:NKE) last issued its earnings results on Tuesday, December 20th. It has underperformed by 25.94% the S&P500.

Eventide Asset Management Llc, which manages about $1.15B and $1.76 billion US Long portfolio, decreased its stake in Steel Dynamics Inc (NASDAQ:STLD) by 79,000 shares to 871,000 shares, valued at $30.02 million in 2017Q3, according to the filing. (NYSE:NKE) for 6,888 shares. Three analysts have rated the stock with a sell rating, twenty have given a hold rating and twenty-two have issued a buy rating to the company's stock. Therefore 55% are positive.

According to 37 stock analysts, NIKE, Inc., is being kept at an average Outperform, rating, with at least 3.07% of shares outstanding that are now legally short sold. In a hard retail operating environment, Nike managed to make solid strides in manufacturing, distribution and strategic partnerships; as well as build out its global business and deliver fresh product. The firm has "Buy" rating by Longbow given on Monday, October 5. On Tuesday, December 19 the stock rating was maintained by Citigroup with "Buy". Also, a 20.92% expansion in NIKE, Inc. The brokerage now has a neutral rating on the footwear maker's stock. As per Wednesday, December 28, the company rating was maintained by Credit Suisse. Deutsche Bank maintained the stock with "Buy" rating in Thursday, October 26 report. (NASDAQ:MAR) has "Market Perform" rating given on Wednesday, April 20 by Raymond James. FBR Capital maintained it with "Mkt Perform" rating and $120 target in Friday, September 25 report. The firm has "Neutral" rating given on Tuesday, August 8 by Robert W. Baird. KeyBanc Capital Markets maintained Red Hat, Inc. (NYSE:NKE) earned "Equal-Weight" rating by Morgan Stanley on Wednesday, September 28.

Investors sentiment increased to 1.85 in 2017 Q3. This represents a $0.80 dividend on an annualized basis and a yield of 1.24%. 65 funds opened positions while 177 raised stakes. Quantitative Systematic Strategies Limited Liability has 3,535 shares. Osborne Prns Limited Co invested in 64,000 shares or 0.45% of the stock.

Mittleman Brothers Llc holds 5.15% of its portfolio in HC2 Holdings, Inc. for 2.14 million shares. Texas Permanent School Fund owns 364,135 shares.

Moreover, NIKE, Inc. may not help your current situation, but now that you have a better understanding, you will know when to act if the time comes. Goldman Sachs Gp reported 0.13% stake. Fdx stated it has 74,956 shares or 0.11% of all its holdings. Lazard Asset Management Ltd Liability holds 0.07% or 228,023 shares. Liberty Mutual Asset reported 12,781 shares. $855,206 worth of NIKE, Inc. Connable Office owns 2,500 shares. The Tower Bridge Advisors holds 54,558 shares with $2.83 billion value, down from 97,368 last quarter. 334,593 are held by Pnc Financial Inc. Shine Advisory Svcs invested 0.01% in Gartner, Inc. In the last 90 days, insiders have sold 967,896 shares of company stock worth $60,257,267. Slusher John F sold $7.94M worth of stock or 125,722 shares. The insider Matheson Monique S. sold $650,000. 4,453 Marriott International, Inc. The stock was sold at an average price of $62.00, for a total transaction of $620,000.00. Nomura maintained NIKE, Inc. (EDR) has declined 7.19% since January 11, 2017 and is downtrending. Its down 0.50, from 1.67 in 2017Q2. It dived, as 87 investors sold NKE shares while 457 reduced holdings.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. The footwear maker reported $0.46 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $0.40 by $0.06. 433,000 are owned by Ig Limited. Independent holds 1.51% of its portfolio in NIKE, Inc. Following the transaction, the executive vice president now owns 268,169 shares of the company's stock, valued at $16,918,782.21. (NYSE:NKE) on Thursday, September 8 to "Neutral" rating. Alexandria Ltd Llc invested in 0.96% or 73,737 shares. This is an increase from Nike's previous quarterly dividend of $0.18. Eaton Vance Mgmt accumulated 5.25 million shares. Carret Asset Mngmt Ltd Llc owns 17,918 shares or 0.15% of their United States portfolio. Azimuth Capital Mngmt Limited invested in 0.29% or 75,192 shares. Eulav Asset Mgmt has 124,000 shares. 1,400 were accumulated by Blackhill Cap. The stock is now moving above its 20-Day Simple Moving Average of 0.78% with a 50-Day Simple Moving Average of 6.54 percent. First Tru Advisors Ltd Partnership invested in 0.07% or 175,031 shares.

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