NIKE (NYSE:NKE – Get Free Report) had its price target lowered by analysts at Oppenheimer from $120.00 to $60.00 in a research report issued on Friday,Benzinga reports. The firm presently has an “outperform” rating on the footwear maker’s stock. Oppenheimer’s price target points to a potential upside of 48.40% from the stock’s current price.
Several other equities analysts also recently weighed in on NKE. DA Davidson downgraded NIKE from a “buy” rating to a “neutral” rating and lowered their target price for the company from $72.00 to $46.00 in a research report on Thursday, April 2nd. Jefferies Financial Group decreased their price objective on NIKE from $110.00 to $90.00 and set a “buy” rating for the company in a report on Wednesday, April 1st. JPMorgan Chase & Co. reissued a “neutral” rating on shares of NIKE in a report on Monday, April 13th. Stifel Nicolaus dropped their price target on NIKE from $65.00 to $56.00 and set a “hold” rating for the company in a research report on Wednesday, April 1st. Finally, Williams Trading dropped their price objective on shares of NIKE from $80.00 to $57.00 and set a “buy” rating for the company in a report on Wednesday, April 1st. Fourteen investment analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $59.42.
Get Our Latest Analysis on NKE
NIKE Stock Down 1.1%
NIKE (NYSE:NKE – Get Free Report) last posted its quarterly earnings data on Tuesday, March 31st. The footwear maker reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.06. NIKE had a net margin of 4.84% and a return on equity of 16.41%. The business had revenue of $11.28 billion during the quarter, compared to the consensus estimate of $11.23 billion. During the same quarter last year, the company posted $0.54 earnings per share. The firm’s quarterly revenue was up .1% compared to the same quarter last year. Sell-side analysts expect that NIKE will post 1.49 EPS for the current fiscal year.
Insider Activity
In other news, Director Timothy D. Cook purchased 25,000 shares of NIKE stock in a transaction dated Friday, April 10th. The stock was bought at an average price of $42.43 per share, with a total value of $1,060,750.00. Following the completion of the acquisition, the director owned 130,480 shares in the company, valued at $5,536,266.40. The trade was a 23.70% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Philip Mccartney sold 17,398 shares of the company’s stock in a transaction on Friday, June 12th. The shares were sold at an average price of $46.18, for a total value of $803,439.64. Following the completion of the sale, the executive vice president owned 53,133 shares of the company’s stock, valued at approximately $2,453,681.94. This trade represents a 24.67% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have acquired a total of 64,441 shares of company stock valued at $2,734,204 over the last three months. Company insiders own 0.80% of the company’s stock.
Institutional Trading of NIKE
Large investors have recently modified their holdings of the company. Westerkirk Capital Inc. raised its position in NIKE by 52.4% in the 4th quarter. Westerkirk Capital Inc. now owns 131,220 shares of the footwear maker’s stock valued at $8,360,000 after buying an additional 45,100 shares during the last quarter. Mizuho Markets Cayman LP bought a new position in shares of NIKE during the 3rd quarter worth approximately $34,200,000. OMERS ADMINISTRATION Corp grew its stake in NIKE by 77.9% in the 4th quarter. OMERS ADMINISTRATION Corp now owns 2,526,179 shares of the footwear maker’s stock valued at $160,943,000 after buying an additional 1,106,499 shares during the last quarter. PFA Pension Forsikringsaktieselskab acquired a new position in NIKE in the 4th quarter valued at $43,188,000. Finally, Strive Asset Management LLC acquired a new stake in shares of NIKE in the third quarter valued at approximately $1,743,000. 64.25% of the stock is owned by institutional investors.
NIKE News Roundup
Here are the key news stories impacting NIKE this week:
- Positive Sentiment: NIKE named former Pfizer CFO David Denton as its new finance chief, a move that could bring added financial discipline and support the company’s long-term turnaround efforts. Nike names former Pfizer CFO David Denton as finance chief
- Positive Sentiment: Sanford C. Bernstein reaffirmed its buy rating on NIKE, suggesting some analysts still see value in the shares despite the recent weakness. Nike Inc. Receives a Buy Rating From Bernstein
- Neutral Sentiment: Analysts and media coverage ahead of the June 30 earnings release say NIKE’s results may matter less than management’s guidance, especially what it says about fiscal 2027 and the pace of any sales recovery.
- Neutral Sentiment: Investor attention is also on Nike’s upcoming Q4 report, with some commentary framing it as a test of whether the company can find a bottom rather than deliver meaningful growth right away. Nike’s Q4 Is Less about Growth and More about Finding a Floor
- Negative Sentiment: KeyBanc warned that uncertainty in China and EMEA, plus the management transition, is clouding the outlook and making it harder to stay optimistic. NKE Stock Heads For Its Worst Week In Nearly Three Months
- Negative Sentiment: Other analyst notes described Nike’s China strategy as a misstep and said the turnaround remains incomplete, reinforcing concerns that the stock may stay under pressure until evidence of a sales inflection appears. NKE Stock Slips On China Business Strategy Misstep And Surprise CFO Change Before Earnings
About NIKE
Nike, Inc (NYSE: NKE) is a global designer, marketer and distributor of athletic footwear, apparel, equipment and accessories. Founded in 1964 as Blue Ribbon Sports by Phil Knight and Bill Bowerman and renamed Nike in 1971, the company is headquartered near Beaverton, Oregon. Nike develops and commercializes products across performance and lifestyle categories for sports including running, basketball, soccer and training, and is known for signature technologies and design-driven product lines.
The company markets products under several primary brands, including Nike, Jordan and Converse, and sells through a combination of wholesale relationships, branded retail stores and direct-to-consumer channels such as company-operated stores and digital platforms (e.g., Nike.com and mobile apps).
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