Macquarie Reiterates Buy Rating for Nike (NKE)

Paola Ditto
Aprile 17, 2018

The State Of Alaska Department Of Revenue holds 141,138 shares with $8.83M value, up from 16,614 last quarter. The stock decreased 0.07% or $0.1 during the last trading session, reaching $134.32. Its share price has decline -9.09% in three months and is down -6.65% for the last five trades. (NYSE:JPM) has risen 23.99% since April 16, 2017 and is uptrending. It has outperformed by 6.93% the S&P500.

Moloney Securities Asset Management LLC bought a new stake in shares of Nike Inc (NYSE:NKE) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC).

Shares of Nike Inc (NYSE:NKE) opened at 58.01 on Wednesday. Following the transaction, the chairman now directly owns 1,637,736 shares of the company's stock, valued at approximately $114,641,520. Saturna Capital Corp who had been investing in Nike Class B for a number of months, seems to be less bullish one the $109.41 billion market cap company.

Its shares touched $67.82 on during the last trading session after 0.85% change.Currently NIKE, uptrending after 18.31% change in last April 16, 2017. Investors holded 985.62 million in 2017Q3 but now own 1.01 billion shares or 2.95% more.

NIKE, Inc. (NYSE:NKE) has a Price to Book ratio of 11.080639. It has outperformed by 6.76% the S&P500. It also increased its holding in Tjx (NYSE:TJX) by 2,056 shares in the quarter, for a total of 5,542 shares, and has risen its stake in Schf (SCHF).

Central Europe Russia & Turkey Fund Inc (CEE) investors sentiment decreased to 1 in Q4 2017. This stock's ATR (Average True Range) is now 1.55, and its beta factor is now 0.64. It worsened, as 70 investors sold NKE shares while 501 reduced holdings.

NIKE, Inc, together with its subsidiaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, and accessories worldwide.

A number of research firms have recently issued reports on NKE. Sii Inc Wi has invested 0.09% in NIKE, Inc. (NYSE:NKE). Tennessee-based Woodmont Counsel Limited Liability Corp has invested 0.6% in NIKE, Inc. Bb&T stated it has 43,386 shares. Baldwin Investment Mgmt Ltd Liability Com holds 0.71% in NIKE, Inc.

Alphaone Investment Services Llc, which manages about $491.59 million and $331.24M US Long portfolio, upped its stake in International Business Machs (NYSE:IBM) by 47,986 shares to 48,868 shares, valued at $7.50M in 2017Q4, according to the filing. (NYSE:JPM). Karpus Mngmt Inc, New York-based fund reported 2,042 shares.

Gofen & Glossberg Llc decreased Target (NYSE:TGT) stake by 22,482 shares to 31,669 valued at $2.07 million in 2017Q4. Private Trust Na, Ohio-based fund reported 14,527 shares. Following the sale, the executive vice president now directly owns 357,713 shares in the company, valued at $18,740,584.07. Orrstown Finance Svcs Inc reported 13,569 shares or 0.97% of all its holdings.

Since December 11, 2017, it had 0 buys, and 8 selling transactions for $45.81 million activity.

NIKE, Inc. (NKE) chart makes a double top chart with $73.92 PT. Following the sale, the insider now directly owns 227,199 shares in the company, valued at approximately $15,372,284.34. The insider EDWARDS TREVOR A sold 100,000 shares worth $6.85 million. Slusher John F also sold $7.94 million worth of NIKE, Inc. (NYSE:NKE) is 0.047249. Therefore 57% are positive. Looking at the big picture from the data above, the average analyst rating for NIKE, 2.20. They set a buy rating and a $72.00 price objective for the company. The rating was maintained by Robert W. Baird with "Hold" on Wednesday, September 20. On Friday, September 25 the stock rating was maintained by Citigroup with "Buy". The firm has "Hold" rating by Canaccord Genuity given on Thursday, March 23. Gabelli upgraded the stock to "Buy" rating in Tuesday, October 4 report. Nike Inc has a one year low of $49.01 and a one year high of $65.44. DA Davidson set a $68.00 price target on Nike and gave the stock a buy rating in a research note on Thursday, December 14th. The company was maintained on Wednesday, September 27 by Jefferies. The firm earned "Buy" rating on Thursday, March 23 by M Partners. Johnson Rice downgraded the stock to "Hold" rating in Monday, February 22 report. Therefore 48% are positive. JPMorgan Chase & Co had 115 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has "Buy" rating given on Wednesday, November 2 by Deutsche Bank. As per Thursday, December 14, the company rating was maintained by Wedbush. On Thursday, September 28 the stock rating was maintained by RBC Capital Markets with "Hold". $68.05's average target is 1.19% above currents $67.25 stock price. Buckingham Research initiated coverage on Nike in a research note on Sunday, December 31st.

Analysts await Union Pacific Corporation (NYSE:UNP) to report earnings on April, 26.

Turning to Free Cash Flow Growth (FCF Growth), this is the free cash flow of the current year minus the free cash flow from the previous year, divided by last year's free cash flow. The footwear maker reported $0.68 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.15.

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