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).

Related News:

  • Crytek sues Star Citizen studios CryEngine

    Crytek sues Star Citizen studios CryEngine

    Crytek added that changes made to CryEngine while it was being used to develop Star Citizen have also not been passed on to it. Crytek said it would seek damages and an injunction that stopped further use of its CryEngine game engine software.
    Erdogan touts steps in United Nations  against US Jerusalem move

    Erdogan touts steps in United Nations against US Jerusalem move

    Trump's affirmation of Jerusalem as Israel's capital has been slammed across the Arab and Muslim world, and hailed in Israel. He said that under UN Security Council resolution 978, from 1980, no country can operate an embassy in Jerusalem.

    Phillips 66 (PSX) Shares Bought by Sterling Capital Management LLC

    Bb&T Securities Llc increased its stake in Ppl Corp (PPL) by 12.23% based on its latest 2017Q2 regulatory filing with the SEC. Moreover, Penobscot Invest Mngmt has 0.97% invested in Phillips 66 (NYSE:PSX). 102,194 were accumulated by Proshare Advsr Lc.
  • Carson Wentz injury forces him out for entire season?

    Carson Wentz injury forces him out for entire season?

    Nick Foles replaced Wentz and helped lead a comeback effort on the way to a 43-35 win for the Eagles that clinched the NFC East. However, there is still reason to be optimistic about the Eagles' playoff chances. "I will come back stronger than ever".
    Ethics Panel Opens Probe Into Sexual Harassment Claim Against Dem Rep.

    Ethics Panel Opens Probe Into Sexual Harassment Claim Against Dem Rep.

    Ruben Kihuen is being investigated by the House Ethics Committee following allegations of sexual misconduct from two women. Ben Ray Luján, chairman of the Democratic Congressional Campaign Committee, called for Kihuen's resignation.

    Speaker Paul Ryan eyeing retirement after 2018 midterm elections

    POLITICO reported on Thursday that House Speaker Paul Ryan will retire after the 2018 midterm elections. John Boehner , who abruptly resigned in 2015 amid GOP infighting.
  • Way Bill for GST from next month

    Way Bill for GST from next month

    To generate an e-way bill, the supplier and transporter will have to enter details of the haul in the GSTN portal. For a distance of less than 100 Km the e-way bill will be valid for a day from the relevant issue date.

    Guardiola eyes defensive reinforcement for Man City in January

    City's win at Swansea made them the first team in the history of English league football to have won 15 games in a row and they now have new milestones in sight.
    Pires urges Arsenal fans not to turn on Alexis, Ozil

    Pires urges Arsenal fans not to turn on Alexis, Ozil

    It leaves Wenger with a potentially huge rebuild at the Emirates with Thomas Lemar heavily linked with a move to Arsenal . Paul Merson has completely changed his tune about Mesut Ozil and Alexis Sanchez, and their importance to Arsenal .
  • Centre has 15 new rail projects for Northeast: Prime Minister Modi

    Centre has 15 new rail projects for Northeast: Prime Minister Modi

    The Government of India has sanctioned around Rs 100 crore for development of tourist destinations in the State, he said". This is Narendra Modi's first visit to Mizoram after becoming the prime minister.

    Analyst Earnings Forecast Screen: Bank of the Ozarks (OZRK)

    A month ago, they told us to expect earnings of US$0.76 per share while three months ago their EPS consensus estimate was US$0.81. After $0.75 actual EPS reported by Bank of the Ozarks for the previous quarter, Wall Street now forecasts 0.00 % EPS growth.
    4 killed, 367 injured in clashes with Israeli forces: Health min

    4 killed, 367 injured in clashes with Israeli forces: Health min

    Calls for protests and demonstrations went viral within the Arab world. The protesters said Trump's decision on Jerusalem is not acceptable.


Most liked

Henrikh Mkhitaryan thinks Jose Mourinho is to blame for current form
I signed a three-year contract because that was the time that myself and the board made a decision to be my contract at that time. Ashley Young has impressed there, but Daley Blind and Matteo Darmian haven't done enough to stake their claim in that position.

College Basketball Predictions: Virginia Tech vs. Kentucky 12/16/17
Aside from a sloppy game against Washington when they had 22 turnovers, Virginia Tech has played crisp basketball in 2017. Kentucky will have a significant size and length advantage against Virginia Tech , a very guard-dominated team.

First scans suggest cigar-shaped space object not an…
What's more, 'Oumuamua's odd shape and awesome speed (it's moving at 26.3 km/s) hinted at something perhaps not quite natural. The alien hypothesis is a long shot, of course, but many astronomers think the idea is worth checking out.

Stelliam Investment Management LP Holds Stake in Cabot Oil & Gas Corp (COG)
Currently, the stock carries a price to earnings ratio of 0, a price to book ratio of 1.06, and a price to sales ratio of 2.34. Any given stock may have anywhere between 1 to 40 brokerage analysts making EPS estimates as they follow the company.

Sharpened Spurs out to prick City bubble
With Kevin de Bruyne and David Silva pulling the strings in midfield, it's no surprise that City are scoring so many goals. They're also on the longest winning streak (14 straight wins) in Premier League history.

Criteo (CRTO) Stock Rating Lowered by Citigroup
In related news, Director James Warner sold 1,250 shares of the firm's stock in a transaction dated Tuesday, October 17th. Also, CEO Eric Eichmann sold 20,000 shares of the firm's stock in a transaction that occurred on Wednesday, November 8th.

Shares in Puma Biotechnology Inc (PBYI) Purchased by Moody Aldrich Partners LLC
More interesting news about Puma Biotechnology, Inc. (NASDAQ:PBYI) has "Buy" rating given on Thursday, October 5 by Citigroup. They issued an "overweight" rating and a $103.00 target price on the stock. (NASDAQ:PBYI) rating on Monday, June 5.

Tottenham 2-0 Brighton: Mauricio Pochettino wants win at Man City
City have opened up an 11-point lead, while Tottenham , in fourth, trail them by 18 points. "I am so positive. TOTTENHAM are aiming to pile the pressure on the top four as they host Brighton at the national stadium.

West Ham players face massive pay-cuts if relegated
But the 54-year-old, who has been in charge since 2013, remains confident he has the backing of chairman Peter Coates. West Ham United boss David Moyes says that his team will enter Saturday's clash with Stoke City full of confidence.

Doug Jones turns Richard Shelby's words against Roy Moore into campaign ads
The Moore team is banking on voters in the Deep South's staunchly conservative heartland refusing to pick a Democrat . A number of women allege unwelcome sexual advances by him when they were teenagers. "One of our attorneys is a Jew".

Minnesota Lt. Gov. Tina Smith To Replace Franken in Senate
Michelle Fischbach, of Paynesville - who might not be keen on involuntarily leaving the Senate. and to join a DFL administration. She would hold the Senate seat until a special election next year, the Star Tribune , at which point she would run for election.

Colts' Brandon Williams Released From Hospital, Diagnosed With Concussion
Brock Osweiler hit former Indiana Hoosier wide receiver Cody Latimer for a 22-yard touchdown to give the Broncos the lead. Medical staff helped stabilized him, and he was strapped to the stretcher as a precaution, the announcers said.

North Korean Cyber Group Suspected of Stealing Bitcoin Credentials
Once opened, the Word doc will prompt the victim to accept the "Enable Editing", and "Enable Content" functions in Microsoft Word. A single unit of bitcoin is now worth over $17, 500, making it a valuable target for hackers and cyber criminals.

It's Official: California Issues Caution on Cell Phone Use
CTIA, a trade group representing the wireless industry, said in a statement that cell phones do not pose a health risks to users. That's why the FCC has determined that all wireless phones legally sold in the United States are "safe'".

Is Christmas a religious holiday? A growing number of Americans say 'no'
The percentage of shoppers who prefer to hear "Merry Christmas" shrank from 43 percent in 2005 to 32 percent in 2017. Only 57 percent of Americans believe in all four, down from 65 percent in 2014.