Argus Issues an Upgrade on Nike (NYSE:NKE) Shares. What's Next?

Nike (NYSE:NKE) last announced its quarterly earnings data on Thursday, June 29th. The Green Valley Investors Llc holds 968,232 shares with $57.13 million value, up from 796,258 last quarter.

Analysts await NIKE, Inc. The stock increased 0.36% or $0.23 during the last trading session, reaching $64.53. About 9.14 million shares traded. (NYSE:NKE) earned "Neutral" rating by B. Riley & Co on Wednesday, September 28. It has underperformed by 25.94% the S&P500. Nationwide Fund Advisors invested in 411,512 shares or 0.1% of the stock. It also increased its holding in Amazon Com Inc (NASDAQ:AMZN) by 583 shares in the quarter, for a total of 2,240 shares, and has risen its stake in Ishares Tr (MUB). The high quick ratio specifies its better liquidity position on the credit terms the company has negotiated from its suppliers. The shares were sold at an average price of $55.03, for a total value of $7,429,050.00. The Southern Company (NYSE:SO) has risen 2.49% since December 16, 2016 and is uptrending. It has outperformed by 16.39% the S&P500.

ILLEGAL ACTIVITY WARNING: "Q3 2018 EPS Estimates for Nike Inc Decreased by Analyst (NKE)" was first published by The Lincolnian Online and is the sole property of of The Lincolnian Online.

Argus increased shares of Nike (NYSE:NKE) to a solid "Buy" rating from the previous "Hold". Therefore 55% are positive. The other 20, though not evenly; between analysts who think you should buy NIKE, Inc. versus those who think you should sell it. The rating was maintained by FBR Capital on Wednesday, September 28 with "Mkt Perform". Citigroup maintained Monsanto Company (NYSE:MON) rating on Friday, August 19. Argus Research maintained the stock with "Buy" rating in Friday, October 16 report. Also, Chairman Mark G. Parker sold 135,000 shares of the firm's stock in a transaction that occurred on Wednesday, November 1st. The firm now has a "buy" rating on the footwear maker's stock. The rating was upgraded by Goldman Sachs to "Neutral" on Tuesday, September 27. (NYSE:NKE) on Thursday, March 23 with "Market Perform" rating. Lenox Wealth Management Inc.'s holdings in Nike were worth $847,000 as of its most recent filing with the Securities and Exchange Commission. (NYSE:NKE) on Friday, September 25 with "Outperform" rating. Moreover, Assetmark has 0% invested in NIKE, Inc. The firm has "Overweight" rating by JP Morgan given on Wednesday, June 29. It also reduced its holding in Alibaba Group Hldg Ltd (Put) (NYSE:BABA) by 473 shares in the quarter, leaving it with 4,208 shares, and cut its stake in Southern Co (Call) (NYSE:SO). Amazon.Com Inc (NASDAQ:AMZN) was reduced too.

Since September 14, 2017, it had 0 buys, and 2 insider sales for $1.48 million activity. During the last 52 weeks, the (NYSE:NKE) price has been as high as $64.46 and as low as $50.35. Morgan Stanley maintained NIKE, Inc. Shares for $855,206 were sold by RODGERS JOHNATHAN A on Thursday, September 14.

Investors sentiment decreased to 0.8 in Q2 2017. This represents a $0.80 annualized dividend and a dividend yield of 1.23%. It is negative, as 82 investors sold NKE shares while 439 reduced holdings. Welch & Forbes LLC raised its stake in shares of Nike by 0.5% in the first quarter. Fmr Ltd Liability holds 0% or 24,180 shares in its portfolio. Arrowgrass Capital Partners Lp who had been investing in Nike Inc (Put) for a number of months, seems to be bullish on the $105.69 billion market cap company. Capital World Investors raised its stake in shares of Nike by 58.7% during the 2nd quarter. The hedge fund run by Nick Niell held 10,339 shares of the consumer non-durables company at the end of 2017Q2, valued at $61.00 million, up from 1,687 at the end of the previous reported quarter. 17,130 are owned by Institute For Wealth Management Ltd Com. State Of Tennessee Treasury Department holds 0.25% in NIKE, Inc. The institutional investor held 103,000 shares of the life insurance company at the end of 2017Q2, valued at $1.93 million, up from 13,900 at the end of the previous reported quarter. Global X Limited Liability Co, New York-based fund reported 3,102 shares. (NYSE:NKE) for 162,309 shares. Fulton Bancshares Na has 60,923 shares. Sprouts Farmers Market, Inc. (NYSE:NKE) or 29,889 shares. Retail Bank Of America Corp De has invested 0.1% in NIKE, Inc. (NYSE:NKE) for 2.25M shares. Dearborn Partners Llc bought 8,053 shares as the company's stock declined 8.78% while stock markets rallied. (NYSE:NKE). 1.38M were accumulated by British Columbia Investment. They expect $0.39 earnings per share, down 22.00 % or $0.11 from last year's $0.5 per share. MON's profit will be $167.28M for 77.26 P/E if the $0.38 EPS becomes a reality. The footwear maker reported $0.57 EPS for the quarter, topping the consensus estimate of $0.48 by $0.09.

Since August 3, 2017, it had 0 insider purchases, and 5 sales for $11.99 million activity. $24,491 worth of State Street Corporation (NYSE:STT) was sold by Newth Sean P on Tuesday, August 15. Another trade for 2,860 shares valued at $343,200 was sold by Narain Duraiswami. Another trade for 353 shares valued at $32,833 was sold by Erickson Andrew.

Investors sentiment decreased to 0.97 in Q2 2017. Its up 0.27, from 0.73 in 2017Q1. 0 funds opened positions while 0 raised stakes. California Pub Employees Retirement reported 3.01 million shares. Manchester Capital Ltd Liability Corp has 1,652 shares for 0.02% of their portfolio. Ancora Limited Liability Company reported 84,179 shares or 0.32% of all its holdings. Salem Counselors Inc holds 119 shares. Whittier Tru Of Nevada, a Nevada-based fund reported 98,034 shares.

Halsey Associates Inc, which manages about $849.92 million and $487.03 million US Long portfolio, decreased its stake in Icon Plc (NASDAQ:ICLR) by 9,750 shares to 10,900 shares, valued at $1.07M in 2017Q2, according to the filing. Washington Mngmt invested 0.33% of its portfolio in Tractor Supply Company (NASDAQ:TSCO). Legal And General Group Incorporated Pcl accumulated 0.31% or 6.51M shares. Qs Invsts Limited Liability Co has invested 0.06% in The Southern Company (NYSE:SO).

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