The shares of Nike Inc (NYSE:NKE)currently has mean rating of 1.9 while 15 analyst have recommended the shares as ‘BUY’ ,9 recommended as ‘OUTPERFORM’ and 8 recommended as ‘HOLD’.The rating score is on a scale of 1 to 5 where 1 stands for strong buy and 5 stands for sell
The mean price target for the shares of Nike Inc (NYSE:NKE)is at $71.05 while the highest price target suggested by the analysts is $100.00 and low price target is $57.00. The mean price target is calculated keeping in view the consensus of 28 brokerage firms.
The company’s mean estimate for sales for the current quarter ending May 16 is 8.27B by 26 analysts. The means estimate of sales for the year ending May 16 is 32.42B by 30 analysts.
The average estimate of EPS for the current fiscal quarter for Nike Inc (NYSE:NKE)stands at $0.48 while the EPS for the current year is fixed at $2.15 by 29.00 analysts
The next one year’s EPS estimate is set at 2.46 by 32.00 analysts while a year ago the analysts suggested the company’s EPS at $2.15. The analysts also projected the company’s long-term growth at 14.49% for the upcoming five years
In its latest quarter ended on 29 Feb 2016 , Nike Inc (NYSE:NKE)reported earnings of $0.55. The posted earnings topped the analyst’s consensus by $0.06 with the surprise factor of 12.20%. In the matter of earnings surprises, the term ‘Cockroach Effect’ is often implied. Cockroach Effect is a market theory that suggests that when a company reveals bad news to the public, there may be many more related negative events that have yet to be revealed. In the case of earnings surprises, if a company is suggesting a negative earnings surprise it means there are more to come.
Nike Inc (NYSE:NKE) traded down -0.82% during trading on Friday, hitting $55.18 . The stock had a trading volume of 11.2 M shares. The firm has a 50 day moving average of $55.80 and a 200-day moving average of $59.57. The stock has a market cap of $91.18B and a price-to-earnings ratio of 25.06. On Dec 23, 2015 the shares registered one year high at $68.19 and the one year low was seen on Aug 24, 2015.
On June 14, 2016 Nike Inc (NYSE:NKE) announced that Craig Zanon has been named VP, GM of Nike Global Basketball, replacing Michael Jackson who has resigned from Nike. The position is effective immediately and reports to Jayme Martin, VP, GM of Global Categories.
Zanon, a 27-year Nike veteran, brings deep experience and leadership to Nike’s basketball business, having previously led the category for seven years. In his expanded new role Zanon will not only run the Global Basketball category, he will also lead Nike’s strategic partnership with the NBA starting October 2017. In Global Basketball, Zanon will continue to develop the sport with consumers through innovative products, services and experiences, fueled by the game’s best players.
Through the NBA partnership, Zanon will leverage Nike’s deep innovation expertise to deliver the best performance products for men and women on and off the court, and bring fans closer to the game than ever before to grow the sport of basketball around the world.
In the interim, Zanon will also continue to lead Global Men’s Training for Nike. Zanon has held a number of leadership roles across categories, product engines and geographies, including VP, GM of Global Basketball; VP, GM of U.S. Footwear; and GM of the Americas.