Revenue Approximations Analysis: Hanesbrands Inc. (HBI), NIKE, Inc. (NKE)

Marco Green
March 13, 2018

Howard Capital Management sold 239,265 shares as the company's stock declined 8.78% while stock markets rallied. The institutional investor held 1,000 shares of the consumer non-durables company at the end of 2017Q3, valued at $52,000, down from 20,373 at the end of the previous reported quarter.

Shares of Nike closed the previous trading session at 67.11 up +0.81 1.22% with 66.68000030517578 shares trading hands. Following the transaction, the chairman now directly owns 1,502,830 shares of the company's stock, valued at $97,683,950. NIKE, Inc. (NYSE:NKE), at its latest closing price of $66.30, it has a price-to-book ratio of 9.16, compared to an industry average at 3.30. It has underperformed by 25.94% the S&P500. The Synovus Financial Corp holds 173,548 shares with $9.00M value, down from 190,360 last quarter. Sky Investment Group Llc who had been investing in Newell Rubbermaid Inc for a number of months, seems to be bullish on the $14.45B market cap company. The stock decreased 2.28% or $6.785 during the last trading session, reaching $290.615. About 484,327 shares traded or 35.26% up from the average. NIKE, Inc. (NYSE:NKE) has declined 9.24% since March 13, 2017 and is downtrending. It has outperformed by 9.30% the S&P500.

Investors sentiment decreased to 0.74 in 2017 Q3. It worsened, as 50 investors sold BA shares while 609 reduced holdings. Hamel Associates reported 6,652 shares. 235.36 million shares or 0.26% less from 235.97 million shares in 2017Q2 were reported. Hbk Sorce Advisory Ltd Llc has invested 0.12% in NIKE, Inc. Trillium Asset Mngmt Ltd has 307,950 shares for 0.91% of their portfolio. Mason Street Limited Liability Corporation has invested 0.23% in NIKE, Inc. Zurcher Kantonalbank (Zurich Cantonalbank) reported 314,786 shares stake. (NYSE:PX). Davenport & Limited Liability Company holds 4,895 shares or 0.01% of its portfolio. Trustco Fincl Bank N Y holds 27,575 shares.

Bank Of Stockton decreased its stake in Nike Inc. It also upped Cboe Holdings Inc Com (NASDAQ:CBOE) stake by 2,955 shares and now owns 20,595 shares. Therefore 27% are positive. TriNet Group Inc had 16 analyst reports since August 4, 2015 according to SRatingsIntel. Morgan Stanley maintained The Boeing Company (NYSE:BA) on Friday, February 23 with "Equal-Weight" rating. The average analysts gave this company a mean recommendation of 2.30. (NYSE:NKE) rating on Friday, September 25. Susquehanna downgraded NIKE, Inc. Argus raised shares of Nike from a "hold" rating to a "buy" rating and raised their price target for the company from $50.35 to $64.46 in a report on Thursday, December 14th. Oppenheimer maintained it with "Buy" rating and $18000 target in Friday, August 4 report.

Among 35 analysts covering Arista Networks (NYSE:ANET), 17 have Buy rating, 0 Sell and 18 Hold. The company was maintained on Thursday, October 6 by Barclays Capital. The firm earned "Neutral" rating on Wednesday, June 1 by Bank of America.

Since September 14, 2017, it had 0 insider purchases, and 8 sales for $45.81 million activity. (NYSE:NKE). Bath Savings Trust Co stated it has 2.98% of its portfolio in NIKE, Inc. (NYSE:NKE). Allsquare Wealth Mgmt Limited Liability has invested 0.01% of its portfolio in NIKE, Inc.

Hanesbrands Inc. (HBI) have shown a high EPS growth of 19.50% in the last 5 years and has earnings rose of 1.00% yoy. NKE's profit will be $878.55 million for 30.63 P/E if the $0.54 EPS becomes a reality. Over the past week, NIKE, Inc. Three research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and twenty-three have assigned a buy rating to the company. Therefore 57% are positive. According to today's trading volume NIKE, ABOVE its 20-Day Avg. volume with the stock showing BELOW Abnormal volume in the past 150 days. The firm has "Hold" rating given on Friday, December 22 by Piper Jaffray. 0 analysts gave its stock an Outperform rating. (NYSE:NKE) has "Outperform" rating given on Monday, November 2 by Telsey Advisory Group. The firm has "Market Perform" rating given on Tuesday, September 19 by Wells Fargo. Guggenheim initiated the stock with "Buy" rating in Friday, September 30 report. Investors who are keeping close eye on the stock of Hanesbrands Inc. The rating was maintained by Deutsche Bank on Wednesday, September 14 with "Buy". The company was maintained on Tuesday, December 19 by Canaccord Genuity. The firm earned "Buy" rating on Wednesday, June 7 by Bank of America. It is down 0.00% since March 12, 2017 and is. Its down 0.06, from 0.8 in 2017Q2.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Keel Point LLC raised its stake in Nike by 1.2% during the second quarter. According to their observations and findings, the stock could provide a high EPS of $0.62/share and a low EPS of $0.47/share. 4,200 are owned by Hemenway Trust Com. Wholly-owned NIKE, Inc. subsidiary brands include Converse, which designs, markets and distributes athletic lifestyle footwear, apparel and accessories; and Hurley, which designs, markets and distributes surf and youth lifestyle footwear, apparel and accessories. (NYSE:NKE). Tudor Inv Corp Et Al accumulated 0.07% or 56,661 shares. Ci Investments Inc reported 0.27% in Praxair, Inc. (NYSE:NKE) for 31,977 shares. Bb&T invested 0.04% of its portfolio in NIKE, Inc. The firm owned 236,138 shares of the footwear maker's stock after selling 5,291 shares during the quarter. Campbell Newman Asset Inc, a Wisconsin-based fund reported 41,598 shares. $620,000 worth of NIKE, Inc. (NYSE:NKE) was sold by RODGERS JOHNATHAN A. 100,000 NIKE, Inc. Moreover, Srb has 0.02% invested in NIKE, Inc. Amalgamated Bank increased its holdings in shares of Nike by 2.0% in the third quarter.

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