Today Robert W. Baird Reaffirms a Buy Rating on Nike (NYSE:NKE) and a $65.0 Target Price

September 13, 2017 - By Maria Brooks

 Today Robert W. Baird Reaffirms a Buy Rating on Nike (NYSE:NKE) and a $65.0 Target Price

Investors sentiment increased to 0.98 in Q4 2016. Its up 0.04, from 0.94 in 2016Q3. It improved, as 84 investors sold Nike Inc shares while 443 reduced holdings. 112 funds opened positions while 405 raised stakes. 993.29 million shares or 0.55% less from 998.81 million shares in 2016Q3 were reported.

Cullinan Inc holds 0.31% of its portfolio in Nike Inc (NYSE:NKE) for 71,530 shares. Howe & Rusling Inc accumulated 445 shares or 0.01% of the stock. Farmers Bancorporation reported 10,949 shares. Heritage Mgmt Corporation holds 1.07% or 297,993 shares. Blackrock Inv Mngmt Ltd Liability Corp owns 5.77 million shares or 0.34% of their US portfolio. Allianz Asset Mngmt Ag accumulated 0.04% or 970,516 shares. Fincl Inc has 0% invested in Nike Inc (NYSE:NKE). The New York-based Two Sigma Secs Lc has invested 0.09% in Nike Inc (NYSE:NKE). New Mexico Educational Retirement Board has invested 0.34% in Nike Inc (NYSE:NKE). Intersect Capital Ltd Limited Liability Company holds 0.46% of its portfolio in Nike Inc (NYSE:NKE) for 12,224 shares. Everett Harris And Ca has invested 1.94% in Nike Inc (NYSE:NKE). Linscomb Williams has invested 0.03% in Nike Inc (NYSE:NKE). 124,746 were reported by Columbia Prns L L C Investment Mgmt. Ar Asset invested 0.98% of its portfolio in Nike Inc (NYSE:NKE). Addenda Inc reported 204,869 shares.

Since March 24, 2017, it had 1 insider buy, and 5 insider sales for $14.79 million activity. The insider SPRUNK ERIC D sold $111. LECHLEITER JOHN C bought $56,301 worth of Nike Inc (NYSE:NKE) on Friday, March 24.

Nike (NYSE:NKE) Rating Reaffirmed

Research analysts at Robert W. Baird now has a $65.0 target price per share on Nike (NYSE:NKE). Robert W. Baird and their recent target price per share would suggest a potential upside of 21.54 % from the company’s current price. The rating has been revealed to investors in a research report on 8 September.

Investors sentiment increased to 0.98 in Q4 2016. Its up 0.04, from 0.94 in 2016Q3. It improved, as 84 investors sold Nike Inc shares while 443 reduced holdings. 112 funds opened positions while 405 raised stakes. 993.29 million shares or 0.55% less from 998.81 million shares in 2016Q3 were reported.

Cullinan Inc holds 0.31% of its portfolio in Nike Inc (NYSE:NKE) for 71,530 shares. Howe & Rusling Inc accumulated 445 shares or 0.01% of the stock. Farmers Bancorporation reported 10,949 shares. Heritage Mgmt Corporation holds 1.07% or 297,993 shares. Blackrock Inv Mngmt Ltd Liability Corp owns 5.77 million shares or 0.34% of their US portfolio. Allianz Asset Mngmt Ag accumulated 0.04% or 970,516 shares. Fincl Inc has 0% invested in Nike Inc (NYSE:NKE). The New York-based Two Sigma Secs Lc has invested 0.09% in Nike Inc (NYSE:NKE). New Mexico Educational Retirement Board has invested 0.34% in Nike Inc (NYSE:NKE). Intersect Capital Ltd Limited Liability Company holds 0.46% of its portfolio in Nike Inc (NYSE:NKE) for 12,224 shares. Everett Harris And Ca has invested 1.94% in Nike Inc (NYSE:NKE). Linscomb Williams has invested 0.03% in Nike Inc (NYSE:NKE). 124,746 were reported by Columbia Prns L L C Investment Mgmt. Ar Asset invested 0.98% of its portfolio in Nike Inc (NYSE:NKE). Addenda Inc reported 204,869 shares.

Since March 24, 2017, it had 1 insider buy, and 5 insider sales for $14.79 million activity. The insider SPRUNK ERIC D sold $111. LECHLEITER JOHN C bought $56,301 worth of Nike Inc (NYSE:NKE) on Friday, March 24.

Nike Inc (NYSE:NKE) Ratings Coverage

Among 43 analysts covering Nike Inc. (NYSE:NKE), 26 have Buy rating, 2 Sell and 15 Hold. Therefore 60% are positive. Nike Inc. has $156.0 highest and $5000 lowest target. $74.43’s average target is 39.17% above currents $53.48 stock price. Nike Inc. had 172 analyst reports since July 29, 2015 according to SRatingsIntel. On Thursday, July 20 the stock rating was upgraded by Morgan Stanley to “Overweight”. The stock of Nike Inc (NYSE:NKE) has “Hold” rating given on Friday, September 25 by Canaccord Genuity. Morgan Stanley maintained it with “Equal-Weight” rating and $60 target in Wednesday, September 28 report. The firm earned “Overweight” rating on Wednesday, September 28 by Barclays Capital. Goldman Sachs maintained it with “Buy” rating and $62 target in Wednesday, September 28 report. On Wednesday, December 23 the stock rating was maintained by Telsey Advisory Group with “Outperform”. The rating was maintained by B.riley on Monday, September 26 with “Neutral”. The stock has “Hold” rating by J.P. Morgan on Friday, June 16. The firm has “Outperform” rating given on Wednesday, September 28 by Telsey Advisory Group. The stock of Nike Inc (NYSE:NKE) has “Buy” rating given on Wednesday, December 2 by Goldman Sachs.

About 3.44 million shares traded. Nike Inc (NYSE:NKE) has declined 9.24% since September 13, 2016 and is downtrending. It has underperformed by 25.94% the S&P500.

Wall Street await Nike Inc (NYSE:NKE) to release earnings on September, 26. Analysts forecast earnings per share of $0.49, down exactly $0.24 or 32.88 % from 2014’s $0.73 EPS. The expected NKE’s profit could reach $804.30M giving the stock 27.29 P/E in the case that $0.49 earnings per share is reported. After posting $0.60 EPS for the previous quarter, Nike Inc’s analysts now forecast -18.33 % negative EPS growth.

NIKE, Inc. is engaged in the design, development, marketing and selling of athletic footwear, apparel, equipment, accessories and services. The company has market cap of $87.78 billion. The Company’s operating divisions include North America, Western Europe, Central & Eastern Europe, Greater China, Japan and Emerging Markets. It has a 21.35 P/E ratio. The Company’s portfolio brands include the NIKE Brand, Jordan Brand, Hurley and Converse.

More notable recent Nike Inc (NYSE:NKE) news were published by: Nasdaq.com which released: “Nike, Inc. (NKE) Ex-Dividend Date Scheduled for August 31, 2017” on August 30, 2017, also Fool.com with their article: “How fast are Nike and Skechers growing?” published on August 30, 2017, Seekingalpha.com published: “Nike: A Wonderful Company At A Fair Price” on September 08, 2017. More interesting news about Nike Inc (NYSE:NKE) were released by: Thestreet.com and their article: “Nike Isn’t Really a Sneaker Company Anymore, Jim Cramer Reveals” published on September 12, 2017 as well as Seekingalpha.com‘s news article titled: “Nike: Swoosh In And Buy The Dip” with publication date: August 29, 2017.

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