Nike (NKE) PT Raised to $80 at Jefferies on 1Q Report; 'North America Momentum Accelerating'

Wells Fargo Reiterates Market Perform on Nike (NKE)

September 26, 2018 8:00 AM EDT

Wells Fargo analyst, Tom Nikic, reiterated a Market Perform rating and $82.00 price target on Nike (NYSE: NKE) following the company's 1Q report. Though NKE posted solid +9% constant-FX growth in EMEA in Q1, Nikic notes that this represented a slight sequential deceleration from Q4s... More

Piper Jaffray Reiterates Overweight on Nike (NKE) Following 1Q

September 26, 2018 7:49 AM EDT

Piper Jaffray analyst, Erinn Murphy, reiterated an Overweight rating and $93.00 price target on Nike (NYSE: NKE) following the company's 1Q earnings report. Management spoke to "operational upside" against its underlying reiterated FY19 guidance.

NKE delivered strong results across the board led by digital... More

Guggenheim Reiterates Buy on Nike (NKE) Following 1Q

September 26, 2018 7:45 AM EDT

Guggenheim analyst, Robert Drbul, reiterated a Buy rating and $100.00 price target on Nike (NYSE: NKE) following the company's 1Q earnings report. NKE reported a strong start to FY19, with revenue and EPS above estimates.

Revenue accelerated to +6% growth... More

Credit Suisse Remains Bullish on Nike (NKE) Following 1Q

September 26, 2018 7:31 AM EDT

Credit Suisse analyst, Michael Binetti, reiterated an Outperform rating and $90.00 price target on Nike (NYSE: NKE) following the company's 1Q earnings report. 1Q EPS of $0.67 beat the Street's estimate of $0.63. Credit Suisse raised FY19 EPS slightly to $2.64 from $2.60 (Guide implies $2.40-$2.70)... More

Nike (NKE) PT Raised to $94 at Citi

September 26, 2018 6:16 AM EDT

Citi analyst Kate McShane raised the price target on Nike (NYSE: NKE) to $94.00 (from $87.00) while maintaining a Buy rating.

... More

After-Hours Stock Movers 09/25: (VSTM) (CGIX) (AIR) Higher; (DGLY) (ESNC) (NKE) Lower (more...)

September 25, 2018 5:05 PM EDT

Today's After-Hours Movers

Digital Ally, Inc. (NASDAQ: DGLY) 8.5% LOWER; announced that it intends to offer shares of its common stock in an underwritten public offering.

Verastem, Inc. (Nasdaq: VSTM) 7.5% HIGHER; The company and CSPC Pharmaceutical Group Limited (HKEx: 1093) (CSPC), a leading pharmaceutical company in China, today announced their entry into an exclusive licensing agreement for CSPC to develop and commercialize Verastem Oncologys COPIKTRA (duvelisib), an oral inhibitor of phosphoinositide 3-kinase (PI3K), and... More

Nike profit tops targets but margins disappoint some

September 25, 2018 4:22 PM EDT

By Nivedita Balu

(Reuters) - Nike Inc (NYSE: NKE) topped first-quarter profit on Tuesday, but a small rise in gross margins and no change in its 2019 forecast despite the launch of a successful ad campaign was not enough for some investors, sending shares down 4 percent after hours.

"I think where the market might be slightly disappointed is around the gross margins ... it is slightly weaker than expected," MainFirst Bank analyst John Guy said.

Nike gross margins rose 50 basis points to 44.2 percent in the reported quarter, in line with average analysts'... More

Nike (NKE) Tops Q1 EPS by 4c

September 25, 2018 4:15 PM EDT

Nike (NYSE: NKE) reported Q1 EPS of $0.67, $0.04 better than the analyst estimate of $0.63. Revenue for the quarter came in at $9.9 billion versus the consensus estimate of $9.94 billion.

Gross margin increased 50 basis points to 44.2 percent primarily due to higher average selling prices,... More

S&P 500 dips as chip stocks and utilities tumble

September 25, 2018 7:33 AM EDT

By Noel Randewich

(Reuters) - The S&P 500 fell on Tuesday as chipmakers were dented by ratings downgrades and utilities declined ahead of an expected Federal Reserve interest rate hike, offsetting a boost from the energy sector.

S&P 500 financials , including interest-rate-sensitive bank stocks , dipped 0.38 percent ahead of the expected rise in interest rates by the Fed on Wednesday. Utilities, which tend to be favored in low-rate environments because of their solid dividend payments, slid 1.22 percent

The S&P 500 energy index added 0.57 percent as Brent oil hit a four-year high,... More