Nike to Start Selling Sneakers on Amazon

Nike to Start Selling Sneakers on Amazon

The company says that its venture would "improve the Nike consumer experience". (NYSE:NKE). According to First Call, the current consensus target price on shares is sitting at $62.15. The monthly stock performance comes in at 0.34%.

A number of other institutional investors also recently modified their holdings of NKE.

Shares of Nike have jumped 8.9% to $57.89 at 11:23 a.m. today after it beat earnings and sales forecasts. The Stock now has a Weekly Volatility of 1.51% and Monthly Volatility of 1.55%. Wealth Architects LLC increased its position in Nike by 8.1% in the first quarter.

Analysts' ultimate objective when projecting revenue is to determine the appropriate value for a stock. Capital One National Association raised its stake in Nike by 0.5% in the first quarter. BlackRock Inc. now owns 80,846,138 shares of the footwear maker's stock worth $4,505,554,000 after buying an additional 77,826,052 shares in the last quarter. Gamble Jones Investment Counsel acquired 7,807 shares as Nike Inc. Vanguard Group Inc. now owns 97,152,415 shares of the footwear maker's stock worth $5,414,304,000 after buying an additional 3,925,394 shares in the last quarter. Company insiders own 3.90% of the company's stock.

Nike, Inc. had its "outperform" rating reiterated by analysts at Robert W. Baird. Gam Ag has 0.35% invested in Nike Inc (NYSE:NKE). About 12.25M shares traded or 9.28% up from the average.

Ended the quarter with $6.2 billion in cash and short-term investments, up $722 million from the same year-ago period. Nike, Inc. has a 1-year low of $49.01 and a 1-year high of $60.33.

According to Finviz reported data, The SMA20 of the stock is at 0.45 percent, SMA50 is -0.7 percent, while SMA200 is -0.69 percent. North Star Inv Corporation has 0.02% invested in Nike Inc (NYSE:NKE) for 2,977 shares.

Powered by strong global sales gains, Nike earned $1 billion, 60 cents per diluted share, on revenue of $8.7 billion in its fourth quarter.

For the current fiscal first quarter of 2018 - and keeping in mind year-over-year comps are hard given a combination of the Olympics last year, the European Football Championship, foreign-exchange rates, and Nike's strategic exit from the Golf Equipment business - Nike expects reported revenue to be flat compared to last year's fiscal Q1.

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Footwear revenues totaled $5.47 billion, up 8% from past year. Dimensional Fund Advisors LP holds 0.06% of its portfolio in Nike Inc (NYSE:NKE) for 2.44M shares.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 5th. Investors of record on Monday, June 5th will be given a $0.18 dividend. Its up 0.28, from 1.03 in 2016Q3. Ends the Fiscal Year on a High Note" with publication date: "June 30, 2017. Nike's dividend payout ratio (DPR) is now 30.00%.

WARNING: This report was posted by Sports Perspectives and is the property of of Sports Perspectives. If you are viewing this report on another domain, it was illegally stolen and reposted in violation of US & worldwide trademark & copyright legislation. $10.48 million worth of Nike Inc (NYSE:NKE) was sold by Ayre David J.

Number of analysts are eying on this stock, and after detailed observation, they have given the stock mean target price of $19.17 while their mean recommendation is 2.00 (1=Buy, 5=sell). Goldman Sachs Group, Inc. Nike Inc rallied the most in nearly two years after the athletic brand delivered a rosy forecast and announced plans to forge a closer relationship with shoppers, a move that will let Amazon and Instagram users buy its sneakers directly. The stock of Nike Inc (NYSE:NKE) has "Positive" rating given on Wednesday, August 26 by Susquehanna.

Price targets show what analysts believes a stock will be worth at the end of a certain time period.

Among 12 analysts covering Sensata Technologies Holdings NV (NYSE:ST), 7 have Buy rating, 0 Sell and 5 Hold. They now have a United States dollars 67 price target on the stock.

05/16/2017 - Berenberg Bank began new coverage on Nike, Inc. giving the company a "buy" rating. The stock was sold at an average price of $56.00, for a total transaction of $3,640,000.00. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

A moving average (MA) is a trend-following or lagging indicator because it is based on past prices. Following the sale, the insider now directly owns 300,108 shares of the company's stock, valued at approximately $17,106,156. The disclosure for this sale can be found here. The Gamble Jones Investment Counsel holds 59,110 shares with $3.01M value, up from 51,303 last quarter. Under the deal, Amazon also agrees to give Nike more control over its footwear and apparel that appears on the site.

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