Barclays analyst Adrienne Yih maintained a Hold rating on Nike (NKE – Research Report) today and set a price target of $81.00. The company’s shares closed yesterday at $89.13.
Yih covers the Consumer Cyclical sector, focusing on stocks such as Victoria’s Secret, VF, and Deckers Outdoor. According to TipRanks, Yih has an average return of 5.4% and a 49.16% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Nike with a $93.52 average price target, a 4.93% upside from current levels. In a report released today, RBC Capital also maintained a Hold rating on the stock with a $85.00 price target.
Based on Nike’s latest earnings release for the quarter ending May 31, the company reported a quarterly revenue of $12.61 billion and a net profit of $1.5 billion. In comparison, last year the company earned a revenue of $12.83 billion and had a net profit of $1.03 billion
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Nike (NKE) Company Description:
NIKE, Inc. is a maker of athletic footwear, apparel, accessories and equipment. It also sells athletic lifestyle sneakers, apparel and accessories under the Converse line. The company was founded by William Jay Bowerman and Philip H. Knight in 1964 and is headquartered in Beaverton, OR.
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