The company's gross margin for the reported period declined to 43.7 per cent due to unfavorable changes in foreign currency exchange rates and, to a lesser extent, a higher mix of off-price sales. Citigroup Inc reissued a "buy" rating and issued a $60.00 price target on shares of Nike in a report on Wednesday, March 22nd. Ar Asset Management Inc who had been investing in Nike Inc. The company has market cap of $32.18 million. Cubist Systematic Strategies Ltd invested in 5,807 shares or 0.03% of the stock. About 66,246 shares traded. It has underperformed by 25.94% the S&P500. Also, CFO Andrew Campion sold 5,722 shares of the business's stock in a transaction on Monday, July 24th.
Jefferies analyst Randal Konik lowered his price target for Nike shares to $48 from $49, saying the company's "valuation remains high" and that "wholesale exposure problems remain". Five analysts have rated the stock with a sell rating, sixteen have given a hold rating and twenty have given a buy rating to the stock. Therefore 58% are positive.