Nike (NKE): Price Target and June Short Interest Disclosure

Nike (NKE) : The most positive equity analysts on Nike (NKE) expects the shares to touch $75, whereas, the least positive believes that the stock will trade at $55 in the short term. The company is covered by 20 Wall Street Brokerage Firms. The average price target for shares are $65.7 with an expected fluctuation of $5.86 from the mean.

Nike (NKE), According to the latest information the short interest in Nike shot up by 7.9% or 1,163,359 shares. The final shorts are 1.2% of the total floated shares. The positions increased from 14,702,479 shares on June 15,2016 to 15,865,838 on June 30,2016. According to the per-day average trading of 15,321,721 shares, the days to cover are 1. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.

Also, Equity Analysts at the Brokerage Firm, Credit Suisse, maintains their rating on the shares of Nike (NYSE:NKE). Credit Suisse has a Outperform rating on the shares. As per the latest research report, the brokerage house lowers the price target to $63 per share from a prior target of $68. The rating by the firm was issued on June 29, 2016.


Nike (NYSE:NKE): stock turned positive on Thursday. Though the stock opened at $58.3, the bulls momentum made the stock top out at $58.6 level for the day. The stock recorded a low of $58.15 and closed the trading day at $58.49, in the green by 0.86%. The total traded volume for the day was 7,488,355. The stock had closed at $57.99 in the previous days trading.

NIKE, Inc. is engaged in the design, development, marketing and selling of athletic footwear, apparel, equipment, accessories and services. The Company sells its products to retail accounts, through NIKE-owned retail stores and Internet Websites (which the Company refers to as its Direct to Consumer or DTC operations), and through a mix of independent distributors and licensees throughout the world. The Company focuses its NIKE Brand product offerings in eight key categories: Running, Basketball, Football (Soccer), Mens Training, Womens Training, Action Sports, Sportswear (the Companys sports-inspired lifestyle products) and Golf. The Company also markets products designed for kids, as well as for other athletic and recreational uses, such as cricket, lacrosse, tennis, volleyball, wrestling, walking and outdoor activities. The Companys portfolio brands include the NIKE Brand, Jordan Brand, Hurley and Converse.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.