Nike Inc (NYSE:NKE), Oclaro, Inc. (NASDAQ:OCLR)

Nike Inc (NYSE:NKE), Oclaro, Inc. (NASDAQ:OCLR)

Nike Inc (NYSE:NKE), Oclaro, Inc. (NASDAQ:OCLR)

Nike is doing an admirable job delivering earnings growth and returning capital to investors in this hard retail environment. The shares were sold at an average price of $52.13, for a total transaction of $7,089,680.00. Vanguard Group Inc owns $5.41 billion in NIKE, Inc., which represents roughly 6.06% of the company's market cap and approximately 8.98% of the institutional ownership.

"We see risk that Nike consensus sales & gross margin estimates are walked down over the NTM".

Revenue in North America rose just 3%, to $3.782 billion, including 3% constant currency growth in footwear, to $2.49 billion, 3% growth in apparel, to $1.154 billion, and a 16% decline in equipment revenue, to $138 million.

Selling and administrative expenses were down 3%. They had dropped 10 percent in the past year through Tuesday's close.

Other income, net was $88 million comprised primarily of net foreign currency exchange gains, and to a lesser extent, non-operating items.

Analysts were expecting the retailer to report earnings per share of $0.53 on revenue of $8.5 billion, according to Thomson Reuters consensus estimates, CNBC reported. The stock has added about 11.6% since it reported its last earnings.

The stock rating was 2.11 three months ago. In the coming quarters, Nike hopes to open more such stores in key markets across the world. Its six months performance indicated a bullish movement while its yearly performance reflected a negative trend of -9.25%. However, NKE options traders have been placing bearish bets at a faster-than-usual pace lately, short interest lingers around multi-year highs, and many analysts remain wary of the Dow outperformer. Short interest on Nike surged 25.2% during the two most recent reporting periods, and now almost 33 million shares are sold short. The company has Relative Strength Index (RSI 14) of 38.80 along with Average True Range (ATR 14) of 0.93. The company's beta value is at 0.47. This company shares are 15.86% off its target price of $62.47 and the current market capitalization stands at $89.21B.

At the end of 4th calendar quarter of 2016, 635 institutional holders increased their position in NIKE, Inc. The directive for organizations in the U.S.to proclaim financials quarterly has been labelled 'quarteritis.' Management is watchful of the impact that any kind of EPS variance may have on shares price.

24/7 Wall St. has included some of the main highlights from the earnings report, as well as what analysts are saying after the fact. Although NKE met sales expectations, the components of its earnings growth are not the sustainable ones. The company now has a Return on Equity of 31.70% and Return on Investment of 25.50%.

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