According to TipRanks.com, Konik is a 4-star analyst with an average return of 5.7% and a 54.7% success rate. Konik covers the Services sector, focusing on stocks such as Ollie’s Bargain Outlet Holding, Foot Locker Inc, and Tailored Brands.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Nike with a $88.46 average price target, a 16.7% upside from current levels. In a report issued on November 19, Wells Fargo also maintained a Hold rating on the stock with a $82 price target.
Based on Nike’s latest earnings release for the quarter ending August 31, the company reported a quarterly revenue of $9.94 billion and net profit of $1.09 billion. In comparison, last year the company earned revenue of $8.54 billion and had a net profit of $767 million.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.