Nike Trampled After Q1 Earnings Report

Nike is seen in Los Angeles California United States

Revenue from North America, the company's largest revenue contributor, fell 3% - its first decline in more than 10 quarters. The company operates in the Consumer Cyclical sector with a market capitalization of 88.06 Million. About 6.05 million shares traded.

NIKE, Inc. (NYSE:NKE) has a 20-day RSI of 44.96%. It has underperformed by 25.94% the S&P500. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Weatherly Asset Management sold 3,080 shares as the company's stock rose 3.62% with the market. Moreover, Minerva Advisors Llc has 0.13% invested in the company for 35,318 shares. Traders bought 14,842 put options on the stock. It has outperformed by 5.73% the S&P500.

Since March 29, 2017, it had 0 insider buys, and 3 insider sales for $9.21 million activity. On average, equities analysts predict that Nike, Inc. will post $2.40 EPS for the current year.

Bankruptcies from Sports Authority and Sports Chalet earlier in the year have seen Nike's distribution channels weaken and those that remain - sporting goods retailers such as Finish Line Inc and Dick's Sporting Goods Inc - have called out sharp falls in store visits and the need to cut prices to battle online competition. Piper Jaffray maintained Nike Inc (NYSE:NKE) on Thursday, July 27 with "Buy" rating. (NASDAQ:FNFG) earned "Buy" rating by Compass Point on Thursday, October 1. The legal version of this piece can be read at https://www.equitiesfocus.com/2017/09/27/research-analysts-set-expectations-for-nike-inc-s-fy2018-earnings-nke.html. The firm has "Buy" rating given on Wednesday, September 28 by Citigroup. The company was maintained on Thursday, March 23 by Wedbush.

Investors sentiment decreased to 1 in 2017 Q2. This represents a $0.72 annualized dividend and a yield of 1.35%. It dropped, as 82 investors sold NKE shares while 439 reduced holdings. 110 funds opened positions while 410 raised stakes. State Of Alaska Department Of Revenue reported 3,594 shares. BancorpSouth Inc boosted its stake in Nike by 0.4% in the third quarter. Nike, Inc. has a 1-year low of $49.01 and a 1-year high of $60.53. Argi Svcs Limited Com stated it has 8,474 shares or 0.04% of all its holdings.

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Nike (NYSE:NKE) last posted its quarterly earnings results on Tuesday, September 26th. Wells Fargo And Mn holds 12.20 million shares. Cullen Frost Bankers Incorporated reported 0.52% stake. Herndon Capital Lc holds 0.01% of its portfolio in EPAM Systems Inc (NYSE:EPAM) for 415 shares. Nichols Pratt Advisers Llp Ma holds 0.03% or 4,854 shares. 55,900 were reported by Andra Ap. Bridges Investment Counsel accumulated 0.35% or 26,310 shares. Nomura Asset Limited has invested 0.32% of its portfolio in Nike Inc (NYSE:NKE).

More notable recent Suncor Energy Inc. More interesting news about Caterpillar Inc. "Stock?" on September 11, 2017. Waldron LP now owns 8,922 shares of the footwear maker's stock valued at $496,000 after purchasing an additional 4,246 shares during the period.

Analysts await EPAM Systems Inc (NYSE:EPAM) to report earnings on November, 6.

Among 15 analysts covering EPAM Systems (NYSE:EPAM), 15 have Buy rating, 0 Sell and 0 Hold. Therefore 77% are positive. The company was maintained on Friday, September 25 by Barclays Capital. The stock of Suncor Energy Inc. As per Wednesday, November 2, the company rating was upgraded by Morgan Stanley.

NKE has been the subject of several analyst reports. (USA) (NYSE:SU) has "Hold" rating given on Wednesday, November 18 by TD Securities. The rating was maintained by Raymond James on Friday, April 28 with "Buy". Finally, Jefferies Group LLC set a $48.00 target price on shares of Nike and gave the stock a "neutral" rating in a research report on Wednesday. Goldman Sachs downgraded the stock to "Sell" rating in Monday, January 25 report.

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