Sterne Agee CRT Reiterates Buy on Nike (NKE) as Low Tax Rates Boost EPS

Nike (NKE) Finds Market Tough to Please With Shares Close to All Time Highs - Deutsche Bank

March 23, 2016 9:29 AM EDT

Deutsche Bank reiterated a Buy rating on Nike (NYSE: NKE) with a price target of $75. Comments follow the release of Q3 results. Analyst Dave Weiner characterized the report as "very strong" but not perfect, and he pointed out that with shares trading close to all time highs, the market is tough to please.

"While Nike delivered on many fronts,... More

Canaccord Genuity Cuts PT on Nike (NKE) to $57; Reliance on Futures Orders Quickly Waning

March 23, 2016 8:52 AM EDT

Canaccord Genuity trims its price target on Hold-rated Nike (NYSE: NKE) from $66 to $57 following Q3 results issued Tuesday night.

Analyst Camilio Lyon commented, Given the revenue miss coupled with futures orders (+12%, in line with our ests) that are becoming less of a predictor of reported sales, we believe the stock will be subject to multiple compression. Moreover, inventory... More

Jefferies Remains Bullish on Nike (NKE) Following 3Q EPS Beat - PT to $74

March 23, 2016 8:09 AM EDT

Jefferies maintained a Buy rating on Nike (NYSE: NKE), and cut the price target to $74.00 (from $76.00), following the company's 3Q earnings report. Even with sales growth weighed on by FX pressures, Nike's 3Q EPS beat consensus expectations by 7c. Management maintained FY16 guidance parameters... More

Wall Street rally fizzles out as oil, materials fall

March 23, 2016 7:11 AM EDT

By Laila Kearney

(Reuters) - Wall Street closed lower on Wednesday as oil and materials share prices dropped while investors remained cautious a day after deadly bombing attacks in Belgium.

The benchmark S&P 500 index fell back into negative territory for the year after closing positive on Friday for the first time in 2016.

U.S. stocks' fading five-week rally was further diminished by comments over the past two days by Federal Reserve officials, who expressed views that suggested an appetite for more U.S. interest rate hikes than investors had anticipated.

The possibility of... More

Nike (NKE) PT Trimmed to $69 at Piper Jaffray as Sales Underwhelm

March 23, 2016 6:51 AM EDT

Piper Jaffray analyst Erinn Murphy trimmed her price target on Nike (NYSE: NKE) to $69.00 (from $70.00) but maintained an Overweight following Q3's results in which EPS bested expectations.

Murphy said the biggest positives in the quarter were: 1) better inventory position at quarter end; 2) gross margin... More

After-Hours Stock Movers 03/22: (SCS) (AFFX) (DF) Higher; (KKD) (NKE) (RHT) Lower (more...)

March 22, 2016 6:10 PM EDT

Pieris Pharma (NASDAQ: PIRS) 11.7% HIGHER; reported Q4 EPS of ($0.07), versus ($0.21) reported last year. Revenue for the quarter came in at $2.14 million, versus $3.27 million reported last year.

Krispy Kreme Doughnuts (NYSE: KKD) 6.4% LOWER; reported Q4 EPS of $0.22, $0.01 better than the analyst estimate of $0.21. Revenue for the quarter came in at $130.4 million versus the consensus estimate of $133.02 million. Systemwide domestic same store sales rose 1.6%, including a 0.2% gain at Company shops; constant currency international franchise same store sales declined 7.1%. GUIDANCE: Krispy... More

Nike (NKE) Tops Q3 EPS by 6c; Futures Orders Rose 17%

March 22, 2016 4:16 PM EDT

Nike (NYSE: NKE) reported Q3 EPS of $0.55, $0.06 better than the analyst estimate of $0.49. Revenue for the quarter came in at $8.03 billion versus the consensus estimate of $8.2 billion.

As of the end of the quarter, worldwide futures orders for NIKE Brand athletic footwear and apparel... More

Nike (NKE) Advances Slightly into Q3 Print

March 22, 2016 2:43 PM EDT

Nike (NYSE: NKE) shares gained 0.5% heading into the release of Q3 results after the close of trading on Tuesday, March 22. The Street sees EPS of $0.49 on revenue of $8.20 billion.

... More

Trading Radar for 3/22: Nike (NKE), Red Hat (RHT), Cintas (CTAS), AAR Corp. (AIR), Krispy Kreme (KKD) Report

March 21, 2016 2:27 PM EDT

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

Before Markets Open:
Economics:
9:00am EDT

FHFA Housing Price Index - no Street consensus

Earnings:

Elbit Systems (Nasdaq: ESLT) - no Street... More

Nike (NKE) Added to Analyst Focus List at JPMorgan; lululemon athletica (LULU) Removed from Focus List

March 21, 2016 9:15 AM EDT

(Updated - March 21, 2016 9:31 AM EDT)

JPMorgan maintained an Overweight rating on Nike (NYSE: NKE) and added the stock to its Analyst Focus List. Its price target was raised to $72 (from $67.50).

Analyst Matthew R. Boss said recent field work points to a near-term reality that is better than feared.

"Our recent field and channel work points to continued top-line strength in North America (multi... More

Perry Ellis Int'l (PERY) Enters Farah Brand License Deal in Greater China

March 21, 2016 9:04 AM EDT

Perry Ellis International (Nasdaq: PERY) announced today that it has entered into a license agreement with MRH SpaRotica Groupé ("MRH) to introduce a broad collection of mens apparel, accessories and other products under the Farah® brand in Greater China. The new collection will launch in department stores, free standing stores and specialty stores as well as online with third party ecommerce platforms such as Tmall. The first free-standing Farah store... More

Jefferies Remains Bullish Ahead of Nike (NKE) 3Q Report; Expects Solid Results

March 21, 2016 7:06 AM EDT

Jefferies reiterated a Buy rating and $76.00 price target on Nike (NYSE: NKE) ahead of the company's 3Q earnings report. Jefferies expects the company to report solid results with EPS estimates at $0.47. However, trends through the quarter, supported by strong commentary from nearly every footwear... More

Nike (NKE) 3Q Preview: Inventory vs Olympics - Piper Jaffray

March 21, 2016 6:55 AM EDT

PiperJaffray analyst, Erinn Murphy, sees a disconnect between sellside bullishness on Nike (NYSE: NKE) and concerns from the buyside over NA inventory, the longer-term ASP road map and the overall athletic cycle. NKE is slated to report its Q3 Tuesday, 3/22 after the... More