Somewhat Favorable Media Coverage Likely to Impact Nike (NKE) Stock Price

NIKE, Inc.is engaged in the design, development, marketing and selling of athletic footwear, apparel, equipment, accessories and services.

More notable recent Nike Inc (NYSE:NKE) news were published by: Reuters.com which released: "Nike close to selling directly on Amazon: Goldman Sachs" on June 21, 2017, also Seekingalpha.com with their article: "Nike's Interrupted Journey To $50 Billion" published on June 27, 2017, Seekingalpha.com published: "Nike founder talks golf, USA jobs" on June 28, 2017. The stock has advanced 8.04% to a low over the previous 12 months and showed declining move -12.23% to a high over the same period. Henderson Group PLC's holdings in Nike were worth $21,278,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of NKE. Webster Bank N.A. has an ownership of 2,092 stocks of the footwear maker's shares valued at $117,000 after scooping up an extra 900 shares through out the previous quarter, Gierl Augustine Investment Management upped its stake in Nike by 5.3% in the Q1.

Trust Investment Advisors increased its stake in shares of Nike, Inc. Hartford Investment Management Co. raised its position in shares of Nike by 2.8% in the third quarter. Jennison Associates LLC now owns 25,143,559 shares of the footwear maker's stock worth $1,401,251,000 after buying an additional 13,953,567 shares during the last quarter. BlackRock Inc. raised its position in Nike by 2,576.9% in the first quarter. Essex Financial Services Inc. now owns 16,856 shares of the footwear maker's stock valued at $857,000 after buying an additional 1,383 shares in the last quarter. Finally, Aviva PLC increased its position in Nike by 5.9% in the fourth quarter. Goldman Sachs Group, Inc.

We are lowering our fiscal 2018 EPS estimates given: 1) the United States market remains promotional given the changes in MAP pricing and the potential for modest margin pressure within Nike's direct-to-consumer (DTC), 2) $1.6 billion-$2.0 billion in f/x related pressure between fiscal 2016-2018 with almost half occurring in fiscal 2018, essentially wiping out almost all the EPS growth potential, 3) two key events that will drive higher demand creation spend (Olympics and World Cup) and 4) artificially low tax rate in fiscal 2017 (15%) will likely normalize to the 20% level in fiscal 2018. (NKE) opened at 53.36 on Thursday. Stifel Nicolaus reissued a "buy" rating and issued a $68.00 price target on shares of Nike in a report on Saturday, March 11th.

Moving average is significant analytical tool used to discover current price trends and the possibility for a change in an established trend.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 5th. Buffington Mohr Mcneal owns 5,600 shares or 0.11% of their U.S. portfolio. Across the 1.65 billion shares outstanding, a fair value stock price of about $30 is yielded, more than 43% below current prices. The ex-dividend date is Thursday, June 1st. Again using a normalized free cash flow base of $2.89 billion, discount rate of 6.86%, and terminal growth rate of 3%, but this time projecting Nike's free cash flow to grow at 5% for the next decade, we get a present value of $49.15 billion after accounting for the company's cash and debt.

COPYRIGHT VIOLATION WARNING: This article was originally published by [[site]] and is the sole property of of [[site]]. If you are reading this piece on another site, it was illegally copied and reposted in violation of global copyright & trademark legislation. The original version of this article can be viewed at [[permalink]]. MKM Partners reaffirmed a "buy" rating on shares of Nike in a research report on Wednesday, March 22nd. Vetr downgraded shares of Nike from a "buy" rating to a "hold" rating and set a $55.11 price objective for the company.in a report on Monday. (The) increased their price objective on shares of Nike from $61.00 to $62.00 and gave the stock a "buy" rating in a research note on Wednesday, March 22nd. Two research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and nineteen have issued a buy rating to the company. The stock of Nike Inc (NYSE:NKE) earned "Hold" rating by Canaccord Genuity on Wednesday, September 28. Also, Director John R. Thompson, Jr. unloaded 14,000 stocks of the firms shares in a trade on Early Thur, Apr 20th. A total of 7.47 Million shares exchanged at hands and its Average Volume (3 months) is 9.32 Million. Following the completion of the sale, the director now owns 55,660 shares of the company's stock, valued at $3,142,007. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

In related news, CAO Hilary K. Krane sold 65,000 shares of the company's stock in a transaction that occurred on Tuesday, April 18th. It dropped, as 2 investors sold Jacksonville Bancorp Inc shares while 2 reduced holdings. Over the last three months, insiders sold 279,000 shares of company stock valued at $15,580,300. Following the sale, the chairman now owns 1,966,235 shares in the company, valued at approximately $109,126,042.50. I have no business relationship with any company whose stock is mentioned in this article. Citizens & Northern Corp who had been investing in Nike Inc. There will now be four geographies instead of six, each under one leader: North America; Europe, Middle East and Africa (EMEA); Greater China; and Asia Pacific and Latin America (APLA). Its portfolio brands include the NIKE Brand, Jordan Brand, Hurley and Converse.