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.
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.Â
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.Â
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.
