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Nike, Inc. Message Board

  • eyesandears51 eyesandears51 Dec 19, 2013 10:28 AM Flag

    NKE: S/T Pullback, Mid to L/T Positive

    NKE is under pressure today based on concern over today's reporting. CFO selling $ 5.1 million ( 66,000 shares @ $ 77- $ 80 ), along with other insiders selling 800,000 shares in 21 transactions recently may be a tell. Upside consensus target for analysts is $ 80.45, a modest upside from today's $ 78 price.

    Technical's are also telegraphing that NKE is topping. MACD and 5/13 day EMA are negative. Stock is below 20 day SMA and nearing 50 day. A PEG of 2.05 also suggests that NKE is at the very high end of the relative value range. Put in context competitor UA has a quarterly revenue growth of .26, and GM of 48% vs. .08, and 43% for NKE.

    Mid to long term NKE's prospects are positive, but @ $ 78, the price is ahead of it's skiis. A price range of
    $ 75- $ 75.50 offers a better risk adjusted reward.

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