Equities research analysts at Sterne Agee raised their earnings per share estimates on shares of NIKE, Inc. in a research note to clients and investors on Thursday. The analysts currently have a “buy” rating on the stock.
NIKE, Inc. (NIKE) is engaged in design, development and marketing of footwear, apparel, equipment and accessory products. It is a seller of athletic footwear and athletic apparel in the world. It sells its products to retail accounts, through NIKE-owned retail, including stores and Internet sales, and through a mix of independent distributors and licensees, in over 170 countries around the world. NIKE’s athletic footwear products are designed primarily for specific athletic use. It also markets footwear designed for aquatic activities, baseball, cheerleading, football, golf, lacrosse, outdoor activities, skateboarding, tennis, volleyball, walking, wrestling, and other athletic and recreational uses. It also markets apparel with licensed college and professional team, and league logos. It sells a line of performance equipment under the NIKE brand name, including bags, socks, sport balls, eyewear, timepieces, electronic devices, bats, gloves and protective equipment.
Shares of NIKE, Inc. (NYSE: NKE) traded up +0.58% during mid-day trading on Friday, hitting $87.98. NKE has a 52 week low of $60.89 and a 52 week high of $88.50. The stock has a market cap of $42.043B and a 50-day moving average of $83.9319.
