Breaking: Robert W. Baird Reaffirms $74.0 Target Price On Nike (NYSE:NKE) Shares, Reaffirms Their Original “Buy” Rating

April 17, 2018 - By Richard Conner

NIKE, Inc. (NYSE:NKE) Logo

Investors sentiment decreased to 0.74 in 2017 Q4. Its down 0.06, from 0.8 in 2017Q3. It worsened, as 70 investors sold NIKE, Inc. shares while 501 reduced holdings. 109 funds opened positions while 312 raised stakes. 1.01 billion shares or 2.95% more from 985.62 million shares in 2017Q3 were reported.

State Board Of Administration Of Florida Retirement Systems has 0.31% invested in NIKE, Inc. (NYSE:NKE) for 1.87 million shares. Moreover, One Cap Management Limited Company has 0.05% invested in NIKE, Inc. (NYSE:NKE). Sit Invest Inc, Minnesota-based fund reported 35,585 shares. Pacific Glob Invest holds 0.42% or 30,671 shares. Markel has 0.43% invested in NIKE, Inc. (NYSE:NKE) for 366,000 shares. Everett Harris And Company Ca has invested 1.72% of its portfolio in NIKE, Inc. (NYSE:NKE). First Bancshares reported 45,585 shares or 0.22% of all its holdings. Stevens Limited Partnership accumulated 453,022 shares. 68,120 are owned by Cohen And Steers Incorporated. Semper Augustus Invs Gp Ltd Liability has 1.88% invested in NIKE, Inc. (NYSE:NKE). Asset Inc holds 0.13% of its portfolio in NIKE, Inc. (NYSE:NKE) for 15,479 shares. Nelson Van Denburg & Campbell Wealth Mngmt Ltd, a Nebraska-based fund reported 24,556 shares. Gam Ag holds 118,000 shares. Moreover, Raab & Moskowitz Asset Mgmt Lc has 0.87% invested in NIKE, Inc. (NYSE:NKE). Utd Asset Strategies holds 6,808 shares or 0.11% of its portfolio.

Since December 11, 2017, it had 0 buys, and 8 selling transactions for $45.81 million activity. On Monday, December 11 the insider Matheson Monique S. sold $620,000. SPRUNK ERIC D also sold $6.77 million worth of NIKE, Inc. (NYSE:NKE) on Monday, January 29. 74,278 shares valued at $4.75M were sold by Slusher John F on Friday, January 5. 100,000 NIKE, Inc. (NYSE:NKE) shares with value of $6.85M were sold by EDWARDS TREVOR A.

Nike (NYSE:NKE) Rating Reaffirmed

In an analyst note published on Thursday morning, The “Buy” rating of Nike (NYSE:NKE) shares was reaffirmed by Robert W. Baird, who now has a $74.0 target on the stock. Robert W. Baird’s target indicates a possible upside of 9.61 % from the last price of the company.

Investors sentiment decreased to 0.74 in 2017 Q4. Its down 0.06, from 0.8 in 2017Q3. It worsened, as 70 investors sold NIKE, Inc. shares while 501 reduced holdings. 109 funds opened positions while 312 raised stakes. 1.01 billion shares or 2.95% more from 985.62 million shares in 2017Q3 were reported.

State Board Of Administration Of Florida Retirement Systems has 0.31% invested in NIKE, Inc. (NYSE:NKE) for 1.87 million shares. Moreover, One Cap Management Limited Company has 0.05% invested in NIKE, Inc. (NYSE:NKE). Sit Invest Inc, Minnesota-based fund reported 35,585 shares. Pacific Glob Invest holds 0.42% or 30,671 shares. Markel has 0.43% invested in NIKE, Inc. (NYSE:NKE) for 366,000 shares. Everett Harris And Company Ca has invested 1.72% of its portfolio in NIKE, Inc. (NYSE:NKE). First Bancshares reported 45,585 shares or 0.22% of all its holdings. Stevens Limited Partnership accumulated 453,022 shares. 68,120 are owned by Cohen And Steers Incorporated. Semper Augustus Invs Gp Ltd Liability has 1.88% invested in NIKE, Inc. (NYSE:NKE). Asset Inc holds 0.13% of its portfolio in NIKE, Inc. (NYSE:NKE) for 15,479 shares. Nelson Van Denburg & Campbell Wealth Mngmt Ltd, a Nebraska-based fund reported 24,556 shares. Gam Ag holds 118,000 shares. Moreover, Raab & Moskowitz Asset Mgmt Lc has 0.87% invested in NIKE, Inc. (NYSE:NKE). Utd Asset Strategies holds 6,808 shares or 0.11% of its portfolio.

Since December 11, 2017, it had 0 buys, and 8 selling transactions for $45.81 million activity. On Monday, December 11 the insider Matheson Monique S. sold $620,000. SPRUNK ERIC D also sold $6.77 million worth of NIKE, Inc. (NYSE:NKE) on Monday, January 29. 74,278 shares valued at $4.75M were sold by Slusher John F on Friday, January 5. 100,000 NIKE, Inc. (NYSE:NKE) shares with value of $6.85M were sold by EDWARDS TREVOR A.

NIKE, Inc. (NYSE:NKE) Ratings Coverage

Among 24 analysts covering Nike (NYSE:NKE), 14 have Buy rating, 1 Sell and 9 Hold. Therefore 58% are positive. Nike has $80.0 highest and $42.0 lowest target. $68.05’s average target is 0.80% above currents $67.51 stock price. Nike had 42 analyst reports since October 19, 2017 according to SRatingsIntel. The stock of NIKE, Inc. (NYSE:NKE) has “Outperform” rating given on Friday, January 19 by Wedbush. Stifel Nicolaus maintained the stock with “Buy” rating in Thursday, February 15 report. As per Thursday, December 14, the company rating was maintained by Wedbush. Bank of America maintained NIKE, Inc. (NYSE:NKE) on Friday, December 22 with “Sell” rating. The stock of NIKE, Inc. (NYSE:NKE) earned “Buy” rating by Robert W. Baird on Thursday, December 21. As per Thursday, March 22, the company rating was initiated by Credit Suisse. The stock has “Buy” rating by Nomura on Friday, March 23. Citigroup maintained the stock with “Buy” rating in Tuesday, December 19 report. The firm earned “Hold” rating on Friday, December 22 by Wedbush. The firm has “Outperform” rating given on Monday, December 18 by Telsey Advisory Group.

The stock increased 0.67% or $0.45 during the last trading session, reaching $67.51. About 5.57M shares traded. NIKE, Inc. (NYSE:NKE) has risen 18.31% since April 17, 2017 and is uptrending. It has outperformed by 6.76% the S&P500.

NIKE, Inc., together with its subsidiaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, and accessories worldwide. The company has market cap of $108.81 billion. It offers NIKE brand products in nine categories: running, NIKE basketball, the Jordan brand, football, menÂ’s training, womenÂ’s training, action sports, sportswear, and golf. It has a 29.21 P/E ratio. The firm also markets products designed for kids, as well as for other athletic and recreational uses, such as cricket, lacrosse, tennis, volleyball, wrestling, walking, and outdoor activities.

NIKE, Inc. (NYSE:NKE) Institutional Positions Chart

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