Needham analyst Rick Patel raised his price target on Nike to $92 and kept his Buy rating, citing the findings of his Pricing Playbook analyzing data on the company's 7K products weekly. The analyst says the survey suggests a "strong increase" in average selling prices and fewer discounts in men's footwear, along with strength in men's apparel category driven by "higher initial prices points and a lower discount offered on sale items". Patel views the data as indicative that Nike's Q3 results expected to be out next week will reflect its "healthy business".

Apparel & Footwear Analyst Kummetz discusses recent earnings for CAL, NKE, SCVL, Google trends and weather analysis and March Footwear Survey results on an Analyst/Industry conference call to be held on April 19 at 12 pm.