Susquehanna analyst Sam Poser maintained a Buy rating on Nike (NKE) yesterday and set a price target of $160.00. The company’s shares closed last Tuesday at $129.13, close to its 52-week high of $131.19.
According to TipRanks.com, Poser is a 4-star analyst with an average return of 7.6% and a 54.3% success rate. Poser covers the Consumer Goods sector, focusing on stocks such as Dick’s Sporting Goods, Canada Goose Holdings, and Wolverine World Wide.
Nike has an analyst consensus of Strong Buy, with a price target consensus of $144.08.
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Based on Nike’s latest earnings release for the quarter ending August 31, the company reported a quarterly revenue of $10.59 billion and net profit of $1.52 billion. In comparison, last year the company earned revenue of $10.66 billion and had a net profit of $1.37 billion.
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NIKE, Inc. engages in the design, development, marketing, and sale of athletic footwear, apparel, accessories, equipment, and services. It operates through the following segments: North America; Europe, Middle East & Africa; Greater China; Asia Pacific & Latin America; Global Brand Divisions; Converse; and Corporate. The North America; Europe, Middle East & Africa; Greater China; and Asia Pacific & Latin America segments refers to the design, development, marketing, and selling of athletic footwear, apparel, and equipment. The Global Brand Divisions represents NIKE Brand licensing businesses. The Converse segment designs, markets, licenses, and sells casual sneakers, apparel, and accessories. The Corporate segment consists of unallocated general and administrative expenses. The company was founded by William Jay Bowerman and Philip H. Knight in 1964 and is headquartered in Beaverton, OR.
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