UPDATE: Brean Capital Downgrades Nike (NKE) to Hold
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UBS Cuts Price Target on Nike (NKE) to $67 Following 1Q Report
September 28, 2016 9:05 AM EDTUBS 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 EDTFBR 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
Jefferies Reiterates Buy on Nike (NKE) Following Earnings Report
September 28, 2016 7:30 AM EDTJefferies reiterated a Buy rating and $65.00 price target on Nike (NYSE: NKE) following the company's 1Q earnings report. Generally, the athletic footwear market is strong, but Adidas is on the rise. In basketball footwear, the market remains Nike dominant.
Analyst Randal Konik... More
Nike (NKE) Tops Q1 EPS by 17c; Futures Orders Miss Views
September 27, 2016 4:15 PM EDTNike (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
