Jefferies Reiterates Buy on Nike (NKE) Following Earnings Report

UBS Cuts Price Target on Nike (NKE) to $67 Following 1Q Report

September 28, 2016 9:05 AM EDT

UBS maintained a Buy rating on Nike (NYSE: NKE), and cut the price target to $67.00 (from $70.00), following the company's 1Q earnings report. NKE reported EPS of $0.73, coming in ahead of the Street's $0.56. EPS was driven by a one-time tax break. Management maintained FY17 guidance for +HSD/+LDD revenue... More

FBR Capital Cuts Price Target on Nike (NKE) Following 1Q Report

September 28, 2016 8:10 AM EDT

FBR Capital maintained a Market Perform rating on Nike (NYSE: NKE), and cut the price target to $55.00 (from $63.00), following the company's 1Q earnings report. NKE reported EPS of $0.73, ahead of the consensus estimate of $0.58. Results were driven by a one-time tax benefit. GM was below expectations, driven by FX headwinds, an expense shift, the impact of exiting the Golf equipment business,... More

UPDATE: Brean Capital Downgrades Nike (NKE) to Hold

September 28, 2016 7:02 AM EDT

(Updated - September 28, 2016 9:45 AM EDT)

Brean Capital downgraded Nike (NYSE: NKE) from Buy to Hold and removed its price target (prior $62.00). The downgrade followed the release of Q1 results. Analyst Eric Tracy pointed out the company's "innovation reset" in North America.

Tracy explained, "We are lowering our rating from Buy to Hold following... More

Nomura Maintains Buy on Nike (NKE) Despite Disappointing Future Orders; PT to $60

September 28, 2016 6:44 AM EDT

Nomura Securities analyst Simeon Siegel lowered his price target on Nike (NYSE: NKE) to $60.00 (from $64.00) but maintained a Buy rating following a Q1 beat but future orders that were below expectations.

Siegel commented, "American business, 1Q posted a sales/EPS beat with a... More

Nike (NKE) volatility elevated as shares pull back in premarket on outlook

September 28, 2016 6:36 AM EDT

Nike (NKE) is recently down $1.69 to $53.65 in the premarket after reporting Q1 results and outlook. Option implied volatility index mean is at 31, compared to its 52-week range of 17 to 35, according to Livevol. .

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Stocks with Implied Volatility Movement

September 28, 2016 5:25 AM EDT

Nike (NYSE: NKE) implied volatility at upper end of index mean range

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After-Hours Stock Movers 09/27: (SEED) (GALE) (CTAS) Higher; (GALT) (TPX) (NKE) Lower (more...)

September 27, 2016 5:28 PM EDT

Today's After-Hours Movers

Origin Agritech Limited (NASDAQ: SEED) 32.6% HIGHER; announced the company has entered into a definitive agreement to sell its proprietary China-based commercial corn seed production and distribution business for RMB 400 million (approximately USD $60 million) to Beijing Shihui Agricultural Development Co, Ltd.

Galectin Therapeutics Inc. (NASDAQ: GALT) 40% LOWER; announced topline results from NASH-FX, its Phase 2a clinical trial evaluating the efficacy, safety, and tolerability of GR-MD-02 in 30 nonalcoholic steatohepatitis (NASH) patients with advanced fibrosis. This exploratory, single site,... More

Nike orders miss estimates as competition heats up

September 27, 2016 4:36 PM EDT

By Abhijith Ganapavaram

(Reuters) - Nike Inc's (NYSE: NKE) future orders missed analysts' estimates for the third time in a row, as the world's largest footwear maker struggles with increasing competition from Under Armour Inc (NYSE: UA) and a resurgent Adidas in North America.

Shares of the company, which reported better-than-expected quarterly revenue and profit, fell 4.4 percent to $52.90 in after-market trading on Tuesday.

The stock is the worst performer on the Dow Jones Industrial Average this year, down about 11 percent to Tuesday's... More

Nike (NKE) Tops Q1 EPS by 17c; Futures Orders Miss Views

September 27, 2016 4:15 PM EDT

Nike (NYSE: NKE) reported Q1 EPS of $0.73, $0.17 better than the analyst estimate of $0.56. Revenue for the quarter came in at $9.06 billion versus the consensus estimate of $8.87 billion.

Greater China revenue rose 21%, ex. FX, and North America revenue rose 6%.

Futures orders rose 7%,, est. up 8%.

Fueled by an incredible... More

Nike (NKE) September weekly 55 straddle priced for movement of 5% into Q1

September 27, 2016 3:29 PM EDT

Nike (NYSE: NKE) September weekly 55 straddle priced for movement of 5% into Q1

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Nike (NKE) September weekly volatility elevated at 63 into Q1 and outlook

September 27, 2016 6:13 AM EDT

Nike (NKE) September weekly call option implied volatility is at 63, October is at 32; compared to its 52-week range of 17 to 36 into the expected release of Q1 results on September 27.

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Stocks with Implied Volatility Movement

September 27, 2016 5:28 AM EDT

Nike (NYSE: NKE) implied volatility at upper end of index mean range

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Trading Radar for 9/27: Nike (NKE), IHS Markit (INFO), Cintas (CTAS), Factset (FDS) Report

September 26, 2016 3:07 PM EDT

The Trading Radar highlights key earnings and economic announcements for the next trading session:

Before Markets Open:
Economics:
9:00am EDT

Case-Shiller 20-city Index - Street sees 5.1%

Earnings:

Factset Research Systems (NYSE: FDS) -... More

Nike (NKE) volatility elevated into Q1 and outlook

September 26, 2016 10:44 AM EDT

Nike (NYSE: NKE) September weekly call option implied volatility is at 63, October is at 31; compared to its 52-week range of 17 to 36 into the expected release of Q1 results on September 27.

... More

Foot Locker (FL) Added to Focus List at JPMorgan; Nike (NKE) Removed from Focus List

September 26, 2016 9:04 AM EDT

Foot Locker (NYSE: FL) Added to Focus List at JPMorgan; Nike (NYSE: NKE) Removed from Focus List

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Nike (NKE): Unlikely To Raise Consensus - UBS

September 26, 2016 8:27 AM EDT

UBS analyst, Michael Binetti, reiterated his Buy rating on shares of Nike (NYSE: NKE) but believes that F1Q results are unlikely to drive consensus EPS estimates higher.

Market data & industry readthroughs suggest that Nike's recent N. America sales growth rate has... More