Nike, Inc. (NYSE:NKE).
On September 19 Raymond James maintained a stock rating of “Outperform” and moved down the price target to $67.00 from $71.00. On September 19 the company was downgraded from “Positive” to “Neutral” by Susquehanna.
On September 12, 2017 Bernstein initiated coverage on the stock with an initial rating of “Outperform”. On August 21 the stock rating was downgraded to “Overweight” from “Neutral” in a statement from Jefferies.
On July 20 the company was upgraded from “Hold” to “Overweight” in a report issued by Morgan Stanley.
The company is so far trading up by 0.41% percent from yesterday’s close. The company recently announced a dividend which was paid on Wednesday July 5th, 2017. The dividend was $0.180 per share for the quarter which comes to $0.72 on an annualized basis. This dividend amount represented a yield of $1.34. The ex-dividend date was Thursday the 31st of August 2017.
Company shares last traded at $53.55 just below the 50 day moving average of $55.57 and a tad below the 200 day moving average of $55.39. The 50 day moving average moved down $-2.02 whereas the 200 day average was down by -3.32%.
NIKE, Inc., launched on September 8, 1969, is involved in the design, development, marketing and selling of athletic footwear, apparel, equipment, accessories and services. The Business’s operating segments include North America, Western Europe, Central & Eastern Europe, Greater China, Japan and Emerging Markets. The Business’s portfolio brands include the NIKE Brand, Jordan Brand, Hurley and Converse. The Company sells its products to retail accounts, through its retail stores and Internet Websites, and through a mix of independent distributors and licensees across the world. The Business’s products are manufactured by independent contractors..
The P/E ratio is currently 21.33 and the market value is 87.99B. In the last earnings report the EPS was $2.51 and is projected to be $2.41 for the current year with 1,643,195,000 shares presently outstanding. Next quarter’s EPS is forecasted at $0.53 and the next full year EPS is projected to be $2.76.
Short traders are more bearish lately if you watch the increase in short interest. The firm had a rise in short interest from August 15, 2017 to August 31, 2017 of 7.08%. Short shares grew from 24,279,288 to 25,997,516 over that period. With short interest at 25,997,516 and short average daily volume at 9,275,507, the short-interest ratio is 3.0 and the percentage of shorted shares is 0.02% as of August 31.