Nike Inc (NYSE:NKE) Rating Reconfirmed
New York: In a note released on 28 September, S&P Research maintained their Buy rating on shares of Nike Inc (NYSE:NKE). They currently have a $136.00 price target on the company. S&P Research’s target would suggest a potential upside of 12.35% from the company’s current stock price.
NYSE:NKE is currently trading -2.86% lower at $121.45 as of 13:22 New York time. Nike Inc.’s stock is up 29.57% in the last 200 days. It has outperformed the Standard & Poor’s 500 index, which has decreased -6.24% in the same time period.
Out of 26 analysts covering Nike Inc., 22 rate it a Buy, 7 indicate a Hold while 0 suggest a Sell. The highest target is $152 and the lowest is $116 according to Thomson/First Call. The 12-month mean target is $133.81, which means upside potential of 10.18% over the current price.
Institutional Ownership
Mcdonald Capital Investors Inc Ca had the largest stake with ownership of 1.39 million shares as of q2 2015 for 14.73% of the portfolio. Mader & Shannon Wealth Management Inc. is another quite bullish fund who is owning 92,098 shares of Nike Inc. or 11.36% of their portfolio. Further, Jasper Ridge Partners L.P. have 8.77% of their portfolio invested in the company for 1.17M shares. The United Kingdom-based fund Lansdowne Partners (Uk) Llp disclosed it had acquired so far a stake worth about 7.69% of the fund’s stock portfolio in Nike Inc.. The Florida-based fund Polen Capital Management Llc is also positive about the stock, possessing 8.34 million shares or 7.08% of their portfolio.
Insider Activity
Over the last 6 months, Nike Inc. NYSE:NKE has seen 0 buying transactions, and 15 insider sales. The net result was for 15 transactions, worth $65.04 million.
Nike Inc (NYSE:NKE) Profile
NIKE, Inc. is engaged in the design, development, marketing and selling of athletic footwear, apparel, equipment, accessories and services. The Company sells its products to retail accounts, through NIKE-owned retail stores and Internet Websites (which the Company refers to as its Direct to Consumer or DTC operations), and through a mix of independent distributors and licensees throughout the world. The Company focuses its NIKE Brand product offerings in eight key categories: Running, Basketball, Football (Soccer), Men’s Training, Women’s Training, Action Sports, Sportswear (the Company’s sports-inspired lifestyle products) and Golf.
Nike Inc (NYSE:NKE) traded down -2.86% on 28 September, hitting $121.45. A total of 4.44M shares of the company’s stock traded hands. This is down from average of 5.00 million shares. Nike Inc. has a 52 week low of $83.85 and a 52 week high of $125.95. The company has a market cap of $106.88B and a P/E ratio of 32.76.
