Sizling Stock Update: NIKE, Inc. (NYSE:NKE)

NIKE, Inc. (NYSE:NKE) Belonging to the Consumer Discretionary sector which surged 0.94% and closed its last trading session at $52.65.

The company reported its last EPS on 8/31/2016 and is expected to report its next EPS on 12/27/2016. Currently, the stock has a 1 Year Price Target of $63.77.

The consensus recommendation, according to Zacks Investment research, is 2.04. The scale runs from 1 to 5 with 1 recommending Strong Buy and 5 recommending a Strong Sell. The Stock had a 1.91 Consensus Analyst Recommendation 30 Days Ago, whereas 60 days ago and 90 days ago the analyst recommendations were 1.75 and 1.69 respectively.

NIKE, Inc. on 8/31/2016 reported its EPS as $0.73 with the analysts projecting the EPS of the stock as $0.56. The company beat the analyst EPS Estimate with the difference of $0.17. This shows a surprise factor of 30.4%.

Many analysts have provided their estimated foresights on NIKE, Inc. Earnings, with 27 analysts believing the company would generate an Average Estimate of $0.43. Whereas they predicted High and Low Earnings Estimate as $0.48 and $0.41 respectively. While in the same Quarter Previous year, the Actual EPS was $0.45.

Analysts are also projecting an Average Revenue Estimate for NIKE, Inc. as $8.12 Billion in the Current Quarter. This estimate is provided by 23 analysts. The High Revenue estimate is predicted as 8.26 Billion, while the Low Revenue Estimate prediction stands at 8.04 Billion. The company’s last year sales total was 7.69 Billion.

For the Current Quarter, the growth estimate for NIKE, Inc. is -4.4%, while for the Next Quarter the stock growth estimate is 12.7%. In the past 5 years, the stock showed growth of 14.67% per annum. While for the next 5 years, the growth estimate is 12.98%.

The Company got Initiated by Guggenheim on 30-Sep-16 to Buy.

Insider Trades for NIKE, Inc. show that the latest trade was made on 21 Sep 2016 where Knight (Travis A), the Director completed a transaction type “Buy” in which 2978 shares were traded at a price of $0.

23 Insider Sales transactions were made totaling 1037430 shares traded.

28 analysts projected Price Targets for NIKE, Inc. The analysts believe that the company stock price could grow as high as $100. The Low Price target projection by analysts is $52 and the Mean Price Target is $63.77.

NIKE, Inc. (NYSE:NKE) has the market capitalization of $87.52 Billion. The company rocked its 52-Week High of $68.19 on Dec 23, 2015 and touched its 52-Week Low of $51.48 on Jun 27, 2016. The stock has Return on Assets (ROA) of 17.8 percent. Return on Equity (ROE) stands at 30.6% and Return on Investment (ROI) of 25.4 percent.

The stock is currently showing YTD performance of -15.06 Percent. The company has Beta Value of 0.57 and ATR value of 1.07. The Weekly and Monthly Volatility stands at 2.64% and 1.76%.

Company profile:

Nike, Inc.’s principal business activity involves the design, development and worldwide marketing of high quality footwear, apparel, equipment, and accessory products. NIKE is the one of the largest sellers of athletic footwear and athletic apparel in the world. The company sells its products to retail accounts in the United States and through a mix of independent distributors, licensees and subsidiaries in numerous countries around the world.