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Needham & Company LLC Initiates Coverage on Nike, Inc. (NYSE:NKE)

Needham & Company LLC Initiates Coverage on Nike, Inc. (NYSE:NKE)

Finally, Vetr upgraded shares of Nike from a "hold" rating to a "buy" rating and set a $55.06 price objective for the company in a report on Thursday, June 15th. The company has market cap of $1.48 billion. This represents a $0.72 annualized dividend and a yield of 1.23%. It is down 4.32% since August 16, 2016 and is uptrending. Horseman Cap Mgmt Ltd has 0.96% invested in Nike Inc (NYSE:NKE). The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Following the completion of the sale, the insider now directly owns 139,551 shares in the company, valued at approximately $8,179,084.11. The company had revenue of $8.68 billion during the quarter, compared to analysts' expectations of $8.63 billion. Prentiss Smith & Co Inc who had been investing in Nike Inc. for a number of months, seems to be bullish on the $95.94B market cap company. (NYSE NKE) traded down 2.04% during mid-day trading on Tuesday, hitting $58.56. Robert W. Baird restated an "outperform" rating and set a $62.00 target price on shares of Nike in a report on Friday, June 30th. It has underperformed by 8.21% the S&P500.

Shares of Nike, Inc.

Since March 24, 2017, it had 1 buying transaction, and 5 sales for $14.79 million activity.

06/30/2017 - Nike, Inc. had its "buy" rating reiterated by analysts at Deutsche Bank. $2.78M worth of Nike Inc (NYSE:NKE) shares were sold by SPRUNK ERIC D. Equities research analysts predict that Nike, Inc. will post $2.42 earnings per share for the current fiscal year.

Want to see what other hedge funds are holding NKE? Therefore 86% are positive. State Street Corp has invested 0.28% in Nike Inc (NYSE:NKE). The firm earned "Hold" rating on Wednesday, September 28 by Brean Capital. The stock has "Hold" rating by J.P. Morgan on Friday, June 16. On Wednesday, December 21 the stock rating was maintained by Telsey Advisory Group with "Outperform". The stock now has a consensus recommendation of Buy and a consensus price objective of $61.04. The rating was maintained by Jefferies with "Buy" on Thursday, March 23. About shares traded. Nike Inc (NYSE:NKE) has declined 9.24% since August 14, 2016 and is downtrending. Canaccord Genuity set a $51.00 target price on shares of Nike and gave the company a "hold" rating in a research report on Friday, May 26th.

Leon Draisaitl signs 8-year, $68 million contract with Oilers
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Shares of Nike (NYSE:NKE) opened at 58.56 on Tuesday. Barclays Capital maintained it with "Overweight" rating and $65 target in Thursday, March 23 report. The rating was maintained by BMO Capital Markets on Tuesday, July 11 with "Buy".

Several other institutional investors have also bought and sold shares of the company.

WARNING: This piece was posted by Markets Daily and is the property of of Markets Daily. Its up 0.04, from 0.94 in 2016Q3. B shares while 443 reduced holdings. Webster Bank N.A. raised its stake in Nike by 75.5% in the Q1.

03/21/2017: NIKE, Inc. (NKE) reported Q3 earnings of $0.68, beating consensus estimates of $0.53. Its up 1.24% from 52.84M shares previously. Nike Inc now has $96.19 billion valuation. At last check, Apple stock was up 1.6% at $159.99, and another 3.6% rally would place the shares at $165.75 - in record-high territory. Ifc Fl holds 5,152 shares. Jacobs & Ca holds 1.53% or 138,742 shares. Cornerstone Advsr Inc has invested 0.04% in ServiceNow Inc (NYSE:NOW). 33,001 are held by Arrowgrass Capital Partners (Us) Lp. California-based Mar Vista Inv Prtnrs Ltd Liability Corporation has invested 0.92% in Nike Inc (NYSE:NKE). Connors Investor Svcs accumulated 135,987 shares or 1.18% of the stock. If you are viewing this piece on another site, it was copied illegally and republished in violation of USA & global copyright law. Jgp Global Gestao De Recursos Ltda has invested 0.28% in Nike Inc (NYSE:NKE). Hanson Doremus Mngmt invested 0% of its portfolio in Nike Inc (NYSE:NKE). State Teachers Retirement stated it has 2.37M shares or 0.31% of all its holdings.

The company also recently announced a quarterly dividend, which will be paid on Monday, October 2nd. Also Seekingalpha.com published the news titled: "Radisys: Time To Buy?" on August 02, 2017. Seekingalpha.com's news article titled: "Symantec finalizes LifeLock buyout" with publication date: February 09, 2017 was also an interesting one. Jennison Associates LLC now owns 25,143,559 shares of the footwear maker's stock valued at $1,401,251,000 after buying an additional 13,953,567 shares during the period. Accredited Investors Inc. now owns 4,167 shares of the footwear maker's stock valued at $232,000 after buying an additional 19 shares in the last quarter. The correct version of this piece can be accessed at https://www.thestockobserver.com/2017/08/16/nike-inc-nysenke-earns-hold-rating-from-analysts-at-needham-company-llc-updated-updated-updated.html. RadiSys had 9 analyst reports since September 3, 2015 according to SRatingsIntel. The rating was downgraded by Morningstar to "Sell" on Thursday, September 24. As per Friday, June 17, the company rating was maintained by Jefferies. The stock has "Sector Perform" rating by Pacific Crest on Wednesday, July 22. On Thursday, March 23 the stock rating was maintained by Piper Jaffray with "Neutral".


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