Sunday, 17 December, 2017

Nike to slash 1400 jobs, cut sneaker styles in shakeup

Football- Hull City v Stoke City- Barclays Premier League- The Kingston Communications Stadium- 14/15- 24/8/14
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Mandator Football- Hull City v Stoke City- Barclays Premier League- The Kingston Communications Stadium- 14/15- 24/8/14 Nike football Mandator
Nellie Chapman | 20 June, 2017, 02:19

It has underperformed by 25.94% the S&P500.

The shake-up didn't impress investors, who sent the shares down as much as 2.8 per cent to US$53.12.

If we look at stock performance in last active day trading, we see that stock has moved edged up 0.12% to end the day at $8.41.

About 276 shares traded. Doubleline Opportunistic Credit Fund (DBL) has declined 4.58% since June 15, 2016 and is downtrending. It has outperformed by 195.58% the S&P500.

Nike Inc said on Thursday it would cut about 2 percent of its global workforce and eliminate a quarter of its shoe styles as it looks to become nimbler in the face of intensifying competition and fast-changing consumer trends. More interesting news about Nike Inc (NYSE:NKE) were released by: Fool.com and their article: "How Nike Inc. Makes Most of Its Money" on June 08, 2017.

Investors sentiment increased to 0.98 in 2016 Q4. Its up 0.04, from 0.94 in 2016Q3. The dividend payment will be $0.180 per share for the quarter which comes to $0.72 on an annualized basis. $2.85M worth of Nike Inc (NYSE:NKE) was sold by SPRUNK ERIC D on Wednesday, March 29. 10,317 were accumulated by Alps Advsr. Riverpoint Cap Mngmt Limited Liability Corp reported 17,441 shares or 0.07% of all its holdings. Autus Asset Management Lc owns 132,693 shares or 1.49% of their USA portfolio. Investors of record on Monday, June 5th will be paid a dividend of $0.18 per share. (NYSE:NKE) Textile - Apparel Footwear & Accessories is 54.66 with a change in price of 0.64%.

Company shares have reflected these concerns and other factors such as growing might of its direct rivals Adidas and Under Armour, which are much smaller than NKE in size but are showing signs of catching up quickly. The current PEG for NIKE, Inc. 542 are held by Peoples Fincl Service. Suncoast Equity Management stated it has 5.67% in Nike Inc (NYSE:NKE). (NYSE NKE) opened at 52.90 on Friday. Shares in Nike have bounced around over the past year, and are essentially flat over that time period. The ex-dividend date of this dividend is Thursday, June 1st. Shares for $10.48 million were sold by Ayre David J on Tuesday, January 3. 1,000 shares valued at $56,301 were bought by LECHLEITER JOHN C on Friday, March 24. On December 5, 2016 the stock rating was changed to a "Buy" in a report from HSBC which was a boost from the previous "Hold" rating. Nike is expected to report its latest results on June 29. Stifel Nicolaus cut their target price on shares of Nike from $68.00 to $66.00 and set a "buy" rating on the stock in a research note on Wednesday, March 22nd. Stifel Nicolaus has "Buy" rating and $146 target. The stock of Nike Inc (NYSE:NKE) has "Overweight" rating given on Wednesday, September 28 by JP Morgan. The rating was maintained by Goldman Sachs on Wednesday, September 28 with "Buy". Finally, Lederer & Associates Investment Counsel CA increased its position in shares of Nike by 1.4% in the first quarter. $7.09 million worth of Nike Inc (NYSE:NKE) was sold by Slusher John F.

Since January 1, 0001, it had 0 insider buys, and 4 insider sales for $191.33 million activity. Shares for $3.58 million were sold by SEAWELL A BROOKE. The insider PARKER MARK G sold $3.66 million. 13,912 are held by Pinnacle Liability. Therefore 60% are positive. 46,338 were reported by Tompkins Fin Corporation. (NYSE:NKE) or, if they already own its stock, sell it. Jefferies has "Hold" rating and $45 target.

On December 6 the company was downgraded from "Outperform" to "Market Perform" in an announcement from Cowen & Co. Intll Ca reported 25,250 shares. The stock of Touchstone Innovations PLC (LON:IVO) has "Buy" rating given on Monday, March 20 by Stifel Nicolaus. The firm has "Hold" rating by Canaccord Genuity given on Tuesday, September 22. As per Thursday, October 8, the company rating was upgraded by DA Davidson.