Economy

Nike, Inc. (NASDAQ:NKE) To Release Earnings

Nike, Inc. (NASDAQ:NKE) To Release Earnings

Parsons Capital Management Inc sold 7,104 shares as the company's stock declined 8.78% while stock markets rallied. Whittier Trust has invested 0.71% in NIKE, Inc. The stock decreased 1.01% or $0.65 during the last trading session, reaching $63.59.

State Treasurer State of MI cut its stake in Nike Inc (NYSE:NKE) by 8.5% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. It has underperformed by 25.94% the S&P500.

Robert Rodriguez decreased its stake in General Dynamics Corp (GD) by 10.09% based on its latest 2017Q3 regulatory filing with the SEC. The stock traded on impressive volume of 4.54 Million comparing to the average volume of 1274.43 shares, completing picture of exact trends with uncompleted dots in volume over the norm. Franklin Res reported 11.06M shares stake. The stock increased 0.65% or $0.165 during the last trading session, reaching $25.495. About 2.87M shares traded. (NYSE:NKE) was released by: Fool.com and their article: "Better Buy: Nike, Inc. vs". It has outperformed by 17.82% the S&P500. Green Valley Investors owns 941,325 shares for 2.38% of their portfolio. It also increased its holding in Ansys Inc (NASDAQ:ANSS) by 6,977 shares in the quarter, for a total of 11,856 shares, and has risen its stake in Vanguard Bd Index Fd Inc (BND). (NYSE:NKE) earned "Buy" rating by Citigroup on Friday, September 25. Therefore 67% are positive. Nike Inc. had 206 analyst reports since July 29, 2015 according to SRatingsIntel. (NYSE:NKE) on Monday, September 28 with "Buy" rating. The firm has "Outperform" rating by Raymond James given on Tuesday, September 19. As per Thursday, March 23, the company rating was maintained by Instinet. The company presently has a consensus rating of "Hold" and an average price target of $62.35. FBR Capital has "Market Perform" rating and $53 target. The firm earned "Hold" rating on Friday, August 4 by Cowen & Co. Kistler Tiffany Companies LLC lifted its position in shares of Nike by 91.7% during the second quarter. As per Wednesday, June 29, the company rating was maintained by Credit Suisse. Parkside State Bank owns 21 shares.

Investors sentiment increased to 1.08 in Q3 2017. The Company's products include Bria softphone suite, which enables clients and business users to make voice over Internet protocol audio and video calls, send instant messages, manage their presence, share their screen, and collaborate with other users using desktop computers and laptops, smartphones, and tablets; and X-Lite, a standards VoIP softphone application that runs on desktop computers. 255.81 million shares or 0.28% less from 256.53 million shares in 2017Q2 were reported. Wealthtrust has invested 0.59% in Microsoft Corporation (NASDAQ:MSFT). British Columbia Mgmt Corporation invested in 1.25 million shares. (NYSE:AIR). American Intll Gru reported 0% in AAR Corp. Odey Asset Mngmt invested in 0.13% or 20,000 shares. Capstone Asset Management has 289,271 shares. Benchmark Capital Advsrs reported 2.51% stake. Malaga Cove Capital Lc holds 529 shares. Cypress Management Limited Liability holds 44,730 shares. Hudson Valley Invest Advsr Adv stated it has 46,062 shares or 0.62% of all its holdings. Eads & Heald Inv Counsel owns 33,275 shares for 1.07% of their portfolio.

Wall Street analysts, on average, are forecasting the company's EPS to be 0.41, compared to 0.5 reported in the same quarter past year. After $2.52 actual earnings per share reported by General Dynamics Corporation for the previous quarter, Wall Street now forecasts -5.56% negative EPS growth.

More news: Intel Corporation (INTC) EPS Estimated At $0.86

Investors sentiment decreased to 0.8 in 2017 Q3. Of the analysts who provided ratings, 14 rated the company a Hold, 2 rated it a Moderate Buy, 1 rated it a Moderate Sell, and 12 rated it a Strong Buy. It fall, as 87 investors sold NKE shares while 457 reduced holdings. 110 funds opened positions while 410 raised stakes.

In terms of earnings per share, 30 analysts have a 0.50 EPS mean target for the quarter ending May-17, for the quarter ending Aug-18, 12 analysts have a 0.63 EPS mean target and for the quarter ending Aug-18 there are 35 estimates of 2.41 EPS. Pub Employees Retirement Association Of Colorado accumulated 1.78M shares. Mckinley Carter Wealth has 0.16% invested in NIKE, Inc. The fund owned 1,182,757 shares of the footwear maker's stock after selling 342,947 shares during the period. Hanson & Doremus Inv has 0.01% invested in NIKE, Inc. (NYSE:NKE) had a closing price of $63.59 yesterday. Greystone Invest Mngmt Ltd Liability Corp holds 1.57% of its portfolio in NIKE, Inc. (NYSE:NKE) for 6,390 shares. Mutual Of America Llc holds 520 shares. Synovus Financial Corporation has invested 0.17% of its portfolio in NIKE, Inc. (NYSE:NKE) or 16,000 shares. Wellington Shields Mgmt Ltd reported 0.29% in NIKE, Inc.

Nike Inc. (NYSE: NKE) is scheduled to release its fiscal second-quarter financial results after the markets close on Thursday. First In has 32,223 shares for 1.57% of their portfolio.

At the moment 37 analysts are watching Nike, Inc. (NYSE:NKE) for 4,990 shares. More interesting news about NIKE, Inc. Therefore 55% are positive. The firm has "Buy" rating given on Wednesday, September 28 by UBS. $620,000 worth of NIKE, Inc. (NYSE:NKE) has "Buy" rating given on Thursday, March 23 by Jefferies. The rating was maintained by Piper Jaffray with "Hold" on Friday, July 21. Goldman Sachs Group set a $59.00 target price on Nike and gave the stock a "neutral" rating in a research report on Thursday, December 14th. The stock has "Hold" rating by Canaccord Genuity on Wednesday, June 29.


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