Breaking: Robert W. Baird Keeps $65.0 Target Price On Nike (NYSE:NKE) Shares, Keeps Their Original “Buy” Rating

February 25, 2018 - By Clifton Ray

 Breaking: Robert W. Baird Keeps $65.0 Target Price On Nike (NYSE:NKE) Shares, Keeps Their Original

Investors sentiment decreased to 0.8 in 2017 Q3. Its down 0.20, from 1 in 2017Q2. It dropped, as 87 investors sold NIKE, Inc. shares while 457 reduced holdings. 78 funds opened positions while 358 raised stakes. 985.62 million shares or 0.88% less from 994.42 million shares in 2017Q2 were reported.

Davidson Invest Advsrs holds 0.03% in NIKE, Inc. (NYSE:NKE) or 5,836 shares. Bourgeon Cap Mgmt Limited Liability holds 57,564 shares. Barclays Public Ltd Company has invested 0.1% in NIKE, Inc. (NYSE:NKE). Burke Herbert Bankshares Trust invested 0.21% in NIKE, Inc. (NYSE:NKE). Oppenheimer And Incorporated stated it has 61,037 shares or 0.08% of all its holdings. 5.84 million were reported by Alecta Pensionsforsakring Omsesidigt. Nbw Cap Limited Liability Corporation holds 59,795 shares. Guinness Atkinson Asset Management Inc stated it has 124,500 shares. Clifford Swan Counsel Limited Com reported 0.58% stake. Frontier Company, Texas-based fund reported 8,740 shares. First Western Mngmt Communications invested in 1.86% or 61,634 shares. Sit Inv Assoc has 0.09% invested in NIKE, Inc. (NYSE:NKE) for 69,550 shares. Regentatlantic Ltd invested in 87,742 shares. Bridgecreek Invest Mgmt Lc has 0.08% invested in NIKE, Inc. (NYSE:NKE) for 5,500 shares. Fort Point Capital Prtn Limited Liability Co invested in 4,544 shares or 0.11% of the stock.

Since September 14, 2017, it had 0 buys, and 8 selling transactions for $37.22 million activity. Another trade for 125,722 shares valued at $7.94M was made by Slusher John F on Tuesday, January 2. Another trade for 135,000 shares valued at $8.78M was sold by PARKER MARK G. SPRUNK ERIC D sold $6.77M worth of stock or 100,000 shares. RODGERS JOHNATHAN A also sold $855,206 worth of NIKE, Inc. (NYSE:NKE) shares. EDWARDS TREVOR A sold $6.85 million worth of NIKE, Inc. (NYSE:NKE) on Wednesday, January 31.

Nike (NYSE:NKE) Rating Reaffirmed

In a note issued on 16 November, The “Buy” rating of Nike (NYSE:NKE) shares was reconfirmed by Analysts at Robert W. Baird, who now has a $65.0 target price on the stock. Robert W. Baird’s target price means a possible downside of -4.64 % from the previous close of the company.

Investors sentiment decreased to 0.8 in 2017 Q3. Its down 0.20, from 1 in 2017Q2. It dropped, as 87 investors sold NIKE, Inc. shares while 457 reduced holdings. 78 funds opened positions while 358 raised stakes. 985.62 million shares or 0.88% less from 994.42 million shares in 2017Q2 were reported.

Davidson Invest Advsrs holds 0.03% in NIKE, Inc. (NYSE:NKE) or 5,836 shares. Bourgeon Cap Mgmt Limited Liability holds 57,564 shares. Barclays Public Ltd Company has invested 0.1% in NIKE, Inc. (NYSE:NKE). Burke Herbert Bankshares Trust invested 0.21% in NIKE, Inc. (NYSE:NKE). Oppenheimer And Incorporated stated it has 61,037 shares or 0.08% of all its holdings. 5.84 million were reported by Alecta Pensionsforsakring Omsesidigt. Nbw Cap Limited Liability Corporation holds 59,795 shares. Guinness Atkinson Asset Management Inc stated it has 124,500 shares. Clifford Swan Counsel Limited Com reported 0.58% stake. Frontier Company, Texas-based fund reported 8,740 shares. First Western Mngmt Communications invested in 1.86% or 61,634 shares. Sit Inv Assoc has 0.09% invested in NIKE, Inc. (NYSE:NKE) for 69,550 shares. Regentatlantic Ltd invested in 87,742 shares. Bridgecreek Invest Mgmt Lc has 0.08% invested in NIKE, Inc. (NYSE:NKE) for 5,500 shares. Fort Point Capital Prtn Limited Liability Co invested in 4,544 shares or 0.11% of the stock.

Since September 14, 2017, it had 0 buys, and 8 selling transactions for $37.22 million activity. Another trade for 125,722 shares valued at $7.94M was made by Slusher John F on Tuesday, January 2. Another trade for 135,000 shares valued at $8.78M was sold by PARKER MARK G. SPRUNK ERIC D sold $6.77M worth of stock or 100,000 shares. RODGERS JOHNATHAN A also sold $855,206 worth of NIKE, Inc. (NYSE:NKE) shares. EDWARDS TREVOR A sold $6.85 million worth of NIKE, Inc. (NYSE:NKE) on Wednesday, January 31.

NIKE, Inc. (NYSE:NKE) Ratings Coverage

Among 44 analysts covering Nike Inc. (NYSE:NKE), 25 have Buy rating, 2 Sell and 17 Hold. Therefore 57% are positive. Nike Inc. has $156.0 highest and $42.0 lowest target. $69.59’s average target is 2.10% above currents $68.16 stock price. Nike Inc. had 222 analyst reports since July 29, 2015 according to SRatingsIntel. The company was maintained on Wednesday, June 29 by JP Morgan. Goldman Sachs downgraded NIKE, Inc. (NYSE:NKE) rating on Wednesday, December 2. Goldman Sachs has “Buy” rating and $148 target. The rating was maintained by Barclays Capital on Monday, June 19 with “Buy”. The firm has “Neutral” rating given on Wednesday, September 28 by Bank of America. The firm has “Outperform” rating by Credit Suisse given on Wednesday, March 23. The firm has “Mkt Perform” rating by FBR Capital given on Wednesday, September 28. The rating was maintained by Needham with “Hold” on Wednesday, September 27. The stock of NIKE, Inc. (NYSE:NKE) has “Underperform” rating given on Thursday, January 19 by CLSA. The stock of NIKE, Inc. (NYSE:NKE) earned “Market Perform” rating by Wells Fargo on Wednesday, September 28. The company was maintained on Friday, September 25 by Credit Suisse.

The stock increased 1.53% or $1.03 during the last trading session, reaching $68.16. About 4.43M shares traded. NIKE, Inc. (NYSE:NKE) has declined 9.24% since February 25, 2017 and is downtrending. It has underperformed by 25.94% the S&P500.

Analysts await NIKE, Inc. (NYSE:NKE) to report earnings on March, 20. They expect $0.54 EPS, down 20.59 % or $0.14 from last year’s $0.68 per share. NKE’s profit will be $878.55M for 31.56 P/E if the $0.54 EPS becomes a reality. After $0.46 actual EPS reported by NIKE, Inc. for the previous quarter, Wall Street now forecasts 17.39 % EPS growth.

NIKE, Inc., together with its subsidiaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, and accessories worldwide. The company has market cap of $110.89 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 29.49 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.

More notable recent NIKE, Inc. (NYSE:NKE) news were published by: Seekingalpha.com which released: “Nike: Great Company, Risky Stock” on February 20, 2018, also Fool.com with their article: “Better Buy: NIKE, Inc. vs. Under Armour” published on February 25, 2018, Businesswire.com published: “Peter Henry Joins NIKE, Inc. Board of Directors” on February 21, 2018. More interesting news about NIKE, Inc. (NYSE:NKE) were released by: Bizjournals.com and their article: “Here’s what it would mean for Nike if endorser Drake jumps ship to Adidas” published on February 23, 2018 as well as Businesswire.com‘s news article titled: “NIKE, Inc. Announces Third Quarter Fiscal 2018 Earnings and Conference Call” with publication date: February 22, 2018.

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