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Sunday, November 28, 2021

NKE Has Published Its Quarterly Report

The stocks of NKE went ahead and published their quarterly earnings report last Thursday. The EPS reported by the company during this period was $0.93, which was more than the consensus estimate of $0.51. The revenue generated by the company during this period was $12.30 billion, with the consensus estimate coming to $11.02 billion. The net margin of the company during this period was 8.90%, with the return on equity set at 34.41%.

The Stock Commentary Of NKE

There have been quite a few research equities that have commented on the stocks of NKE. Robert W. Baird has increased the rating of the company from neutral to outperform with a price target of $150 in a 1st April research report. HSBC has also increased the price target of the company from $158 to $162 with a rating of buy in a 31st March research report.

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BTIG Research has also reduced the price target of the company from $162 to $153 with a rating of buy in a Tuesday research report. Pivotal Research has also increased the price target of the company from $160 to $167 with a rating of buy in a 16th March research report. In the end, Telsey Advisory decided to put up a price target of $160 with a rating of outperform in a Monday research report. 

One of the investment analysts has already issued a rating of sell, while four others have provided the company with a rating of hold. Close to thirty others have provided the company with a rating of buy. Currently, NKE has a buy rating with a $160.51 price target. 

Interestingly, a new hedge fund bought a stake in the stocks of NKE. Old Mission Capital LLC also acquired a position in the shares of the company as reported by the most recent 13F filing with the SEC.

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