Macquarie Analysts Give Nike (NYSE:NKE) a $72.00 Price Target

Jeannie Matthews
January 13, 2018

Sands Capital Management Llc sold 354,875 shares as the company's stock declined 8.78% while stock markets rallied. The institutional investor held 128,209 shares of the consumer non-durables company at the end of 2017Q3, valued at $6.65 million, up from 115,292 at the end of the previous reported quarter. Tanaka Capital Management Inc who had been investing in Tower Semiconductor for a number of months, seems to be less bullish one the $3.43 billion market cap company. Finally, Buckingham Research increased their target price on Nike from $64.00 to $71.00 and gave the stock a buy rating in a report on Monday, December 18th. About 1.33 million shares traded or 391.91% up from the average.

Grimes & Company Inc. lifted its stake in Nike Inc (NYSE:NKE) by 2,409.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. It has underperformed by 25.94% the S&P500.

Advisors Asset Management Inc increased Microsoft Corp (NASDAQ:MSFT) stake by 20,243 shares to 839,593 valued at $62.54 million in 2017Q3. Marshfield Associates bought 54,749 shares as the company's stock declined 9.10% while stock markets rallied. Global Thematic Partners Llc who had been investing in Nike Inc for a number of months, seems to be bullish on the $105.20 billion market cap company. The stock increased 0.66% or $0.08 during the last trading session, reaching $12.2. Harding Loevner LP now owns 12,151,210 shares of the footwear maker's stock valued at $390,421,000 after purchasing an additional 5,987,728 shares during the period. NIKE, Inc. (NYSE:NKE) has declined 9.24% since January 13, 2017 and is downtrending. It has underperformed by 6.11% the S&P500.

Among 23 analysts covering Autozone Inc. Therefore 27% are positive. Autozone Inc. had 67 analyst reports since August 24, 2015 according to SRatingsIntel. Citigroup reissued a buy rating and issued a $74.00 target price on shares of Nike in a research report on Tuesday, December 19th. The firm has "Sector Perform" rating by Howard Weil given on Wednesday, September 14. Piper Jaffray Companies set a $52.00 price objective on Nike and gave the company a "hold" rating in a research report on Sunday, December 18th. The stock has "Market Perform" rating by Bernstein on Thursday, April 7. The rating was maintained by DA Davidson with "Buy" on Monday, December 28. Credit Suisse maintained the shares of NKE in report on Wednesday, June 29 with "Outperform" rating. (NYSE:NKE) earned "Buy" rating by Jefferies on Friday, September 25. The firm has "Hold" rating by Robert W. Baird given on Thursday, October 26. The firm has "Buy" rating by Craig Hallum given on Wednesday, November 8. The stock now has a consensus rating of Hold and an average target price of $64.40. Its the same as in 2017Q2. Roundview Ltd Liability Co reported 17,873 shares stake. TNTR's SI was 1.80 million shares in January as released by FINRA. Hendershot Invests stated it has 2.61% in NIKE, Inc. Dumont Blake Inv Advisors Limited Liability Corp invested 0.05% in Transocean Ltd. (NYSE:RIG). Wealthtrust owns 776 shares or 0.05% of their USA portfolio. (NYSE:AZO) for 42,778 shares. (NYSE:NKE). Hl Fin Services owns 122,424 shares. Kirr Marbach & Limited Liability Corp In reported 2.29% of its portfolio in AutoZone, Inc. Glovista Lc invested 0.14% in Verizon Communications Inc. Fiduciary Trust Co. increased its holdings in shares of Nike by 4.9% in the 2nd quarter. (NYSE:VZ) for 30 shares. Jensen Inv Management stated it has 3.86 million shares or 2.71% of all its holdings. (NYSE:VZ) for 100,722 shares. Beese Fulmer Investment Management Inc invested in 1.37% or 51,315 shares. Coastline, Rhode Island-based fund reported 70,975 shares. (NKE) vs. Adidas (ADDYY)" published on January 11, 2018 as well as's news article titled: "Why 2017 Was a Year to Forget for Nike, Inc." with publication date: "December 27, 2017. Gsa Prtn Llp holds 278,556 shares or 0.2% of its portfolio. Atlantic Trust LLC acquired a new stake in Nike during the 2nd quarter worth about $136,000.

Among 44 analysts covering Nike Inc. Three equities research analysts have rated the stock with a sell rating, twenty have given a hold rating and twenty-one have given a buy rating to the company's stock. Hyman Charles D reported 0.3% of its portfolio in NIKE, Inc. The company was initiated on Tuesday, October 11 by Susquehanna. The firm now has a neutral rating on the footwear maker's stock. Piper Jaffray has "Buy" rating and $119.0 target.

Mik Capital LLC purchased a new position in Nike, Inc. (NYSE:NKE) has "Overweight" rating given on Wednesday, June 29 by JP Morgan.

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Finally, Ameritas Investment Partners Inc. grew its holdings in Interpublic Group of Companies by 1.0% during the second quarter. It is negative, as 47 investors sold P shares while 59 reduced holdings. 142 funds opened positions while 524 raised stakes.

Nike (NYSE:NKE) last posted its earnings results on Thursday, December 21st. Canaccord Genuity maintained NIKE, Inc. The company was maintained on Wednesday, April 19 by Goldman Sachs. The stock has "Hold" rating by Canaccord Genuity on Tuesday, September 22. Investors of record on Monday, December 4th were issued a $0.20 dividend. Its down -0.20, from 1 in 2017Q2. It dived, as 87 investors sold NKE shares while 457 reduced holdings. Huntington National Bank raised its stake in Nike by 110.9% in the second quarter. The footwear maker reported $0.46 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.40 by $0.06. 318,568 are held by Commonwealth Equity Ser. Indiana & Invest Mgmt Comm invested in 34,354 shares or 0.86% of the stock. Orrstown Serv owns 13,411 shares or 0.78% of their United States portfolio. (NYSE:NKE). Us Savings Bank De holds 0.27% or 1.61M shares in its portfolio. (NYSE:NKE) for 6.98 million shares. Srb Corporation invested in 3,296 shares or 0.02% of the stock.

NIKE, Inc., together with its subsidiaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, and accessories worldwide.

WARNING: "Macquarie Analysts Give Nike (NYSE:NKE) a $72.00 Price Target" was posted by Week Herald and is the sole property of of Week Herald. Baring Asset Management Limited has invested 0.19% of its portfolio in NIKE, Inc. Asset Planning Services Ltd. boosted its position in shares of Nike by 0.3% in the 2nd quarter. Liberty Mutual Gp Asset Mgmt Inc has invested 0.16% in NIKE, Inc.

Since September 14, 2017, it had 0 buys, and 6 insider sales for $23.60 million activity.

In other Nike news, EVP John F. Slusher sold 125,722 shares of the firm's stock in a transaction on Thursday, January 4th.

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