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

Daily Chart For Nike With Fibonacci Retracements

Daily Chart For Nike With Fibonacci Retracements

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%.

Recommended News

  • Diablo III Seasons Finally Come To Consoles

    Diablo III Seasons Finally Come To Consoles

    Patch 2.5.0's other leading feature sees crafting materials picked up through salvaging now displayed in a separate storage tab. As players progress further in the Season Journey, they will be able to claim different rewards, including some cosmetic items.

    Google Play Store will offer free Android app every week

    Whether it is in the screen shots, or in the name of the app, the company does not want developers promoting the price. Including the word "free" in an app's title makes it more appealing to the average user and grabs their attention.

    Synchronoss Technologies, Inc. (SNCR) has 1 year Price Target of $49.5

    The institutional investor owned 77,683 shares of the company's stock after buying an additional 16,139 shares during the period. BlackRock Fund Advisors raised its position in shares of Synchronoss Technologies by 10.4% in the third quarter. (NASDAQ:OPK).
  • MacBook Air 2017 Rumors: Is Apple Updating Or Discontinuing It?

    Apple already extended the discounts once from ending on December 31st to March 31st. For starters, it's 67 percent brighter, smaller, and faster than its predecessor.

    Champions League: Bayern face Real Madrid in quarter-final

    After winning the Coca-Cola Cup in 1997, Leicester faced Atletico in the UEFA Cup, and it did not end well. It's certainly going to try, as the soccer league unveiled its quarterfinal draw on March 17.
    Mystery of the Mona Lisa smile solved

    Mystery of the Mona Lisa smile solved

    We notice the total range, and then we adapt our estimates." Not such an ambiguous smile after all, it seems ". Understanding this process may be useful in the study of psychiatric disorders, said Kornmeier.
  • Irish Online Passport Application Service

    Irish Online Passport Application Service

    There are no geographical restrictions in place and the system allows applicants to apply for renewals from anywhere in the world. The service has a target turnaround time of 10 working days plus postage wherever in the world the applicant is based.

    New 'Justice League' Trailer Has Been Released

    The film hits theaters on November 17 , while Momoa's standalone "Aquaman " was recently pushed back to December 21, 2018. Clear shots and short videos of League members like Batman and the Flash had been tweeted out earlier in anticipation.

    STV Group Plc. (STVG) Receives Buy Rating from Peel Hunt

    Smart Metering Systems plc (SMS) is a United Kingdom-based company, which connects, owns, operates and maintains metering systems. In an analyst rating update on Monday shares of Pearson (LON:PSON) had their rating downgraded by analysts at Jefferies.
  • From No. 1 to done: Duke looks to who stays, who leaves

    From No. 1 to done: Duke looks to who stays, who leaves

    Gunman Dylann Roof later became the first person convicted of a federal hate crime to get receive the death penalty. SC shot 42.9% from the field, 31.8% (7-22) from beyond the arc, and 84.4% (27-32) from the FT-Line in the victory.
    You Can Buy Big Mac Sauce In Canada Right Now

    You Can Buy Big Mac Sauce In Canada Right Now

    Chan wrote that she was at the Grocery and Specialty Food West Convention when she "stumbled upon this new product". And do we even need to NAME ranch, considering there's now a fountain dedicated to it?
    Is Prince Harry Planning To Make An Engagement Ring From Diana's Tiara?

    Is Prince Harry Planning To Make An Engagement Ring From Diana's Tiara?

    It is being speculated that the seventh season of " Suits " might be Markle's last acting assignment. The actress, who's dating Prince Harry, wants to concentrate on her other passions like philanthropy.

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.