NIKE, Inc. (NYSE:NKE – Get Free Report) shares were down 1.9% on Thursday . The stock traded as low as $44.24 and last traded at $44.81. Approximately 17,176,965 shares were traded during trading, a decline of 12% from the average daily volume of 19,537,000 shares. The stock had previously closed at $45.68.
Key NIKE News
Here are the key news stories impacting NIKE this week:
- Positive Sentiment: DZ Bank reaffirmed a Buy on NKE, reinforcing analyst support that could limit further downside if execution improves. DZ Bank Reaffirms Buy for NIKE
- Positive Sentiment: MarketBeat argues NKE is deeply oversold with significant upside if the turnaround proves sustainable — a contrarian bullish case for long-term investors. With Nike Shares Near a 12-Year Low
- Positive Sentiment: Reports that Tim Cook may have bought NKE shares highlight insider/large-investor interest; such buys can be perceived as confidence even as some analysts warn of secular challenges. Tim Cook May Have Bought Nike Stock
- Neutral Sentiment: Zacks’ write-ups (trending stock and NKE vs. adidas) are educational overviews that keep NKE in investors’ screens but add little new decisive data. Here is What to Know Beyond Why NIKE is a Trending Stock
- Neutral Sentiment: Coverage noting NKE vs. adidas compares strategies (digital, innovation) — useful for competitive context but not an immediate catalyst. NIKE vs. adidas: Which Athletic Leader Deserves Investors’ Attention?
- Neutral Sentiment: Mentions from Jim Cramer and hedge-fund holding notes keep media attention on NKE but are headline-driven rather than new operational evidence. Jim Cramer Rubbished Circular AI Deals & Commented On These 5 Stocks
- Negative Sentiment: Lululemon named former Nike exec Heidi O’Neill as CEO — the hire raises concerns about talent migration and could spotlight Nike’s management/turnaround issues. Analysts warned the move could reflect on Nike’s recent struggles. Lululemon names former Nike executive Heidi O’Neill its next CEO
- Negative Sentiment: Industry pieces (Nike vs. Lululemon) note North America weakness, tariff-driven margin compression, and mixed comps — all factors that weigh on near-term revenue and margins. Nike vs. Lululemon: One Brand Is Losing Its Cool
- Negative Sentiment: Commentary from The Motley Fool warns Nike’s turnaround isn’t complete and flags a key unresolved metric investors should watch before buying. Nike’s Turnaround Is Still Not Complete
Analyst Ratings Changes
NKE has been the topic of a number of research reports. Truist Financial dropped their price target on NIKE from $69.00 to $57.00 and set a “buy” rating on the stock in a research note on Wednesday, April 1st. CICC Research downgraded NIKE from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $69.00 to $58.00 in a research note on Monday, April 6th. Weiss Ratings lowered shares of NIKE from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, April 6th. Jefferies Financial Group reduced their price target on shares of NIKE from $110.00 to $90.00 and set a “buy” rating for the company in a research report on Wednesday, April 1st. Finally, Citigroup dropped their price target on shares of NIKE from $65.00 to $53.00 and set a “neutral” rating on the stock in a research note on Wednesday, April 1st. Seventeen investment analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $62.34.
NIKE Price Performance
The company has a quick ratio of 1.45, a current ratio of 2.14 and a debt-to-equity ratio of 0.50. The firm has a market cap of $66.36 billion, a PE ratio of 29.68, a P/E/G ratio of 2.45 and a beta of 1.31. The firm’s fifty day simple moving average is $53.68 and its two-hundred day simple moving average is $60.69.
NIKE (NYSE:NKE – Get Free Report) last issued its quarterly earnings results on Tuesday, March 31st. The footwear maker reported $0.35 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to the consensus estimate of $11.23 billion. During the same quarter in the previous year, the firm earned $0.54 earnings per share. The company’s revenue for the quarter was up .1% on a year-over-year basis. As a group, research analysts expect that NIKE, Inc. will post 1.52 EPS for the current year.
NIKE Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 1st. Shareholders of record on Monday, March 2nd were paid a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date was Monday, March 2nd. NIKE’s dividend payout ratio is presently 108.61%.
Insiders Place Their Bets
In other NIKE news, Director Robert Holmes Swan purchased 11,781 shares of the business’s stock in a transaction on Tuesday, April 7th. The stock was acquired at an average price of $42.44 per share, for a total transaction of $499,985.64. Following the purchase, the director owned 55,074 shares of the company’s stock, valued at approximately $2,337,340.56. This represents a 27.21% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Elliott Hill purchased 23,660 shares of the business’s stock in a transaction on Monday, April 13th. The stock was acquired at an average price of $42.27 per share, with a total value of $1,000,108.20. Following the purchase, the chief executive officer directly owned 265,247 shares in the company, valued at $11,211,990.69. This represents a 9.79% increase in their position. The SEC filing for this purchase provides additional information. Over the last quarter, insiders have acquired 64,441 shares of company stock worth $2,734,204. 0.80% of the stock is currently owned by corporate insiders.
Institutional Inflows and Outflows
Large investors have recently added to or reduced their stakes in the business. Cornerstone Financial Management LLC purchased a new position in NIKE in the 4th quarter worth approximately $26,000. Sankala Group LLC purchased a new position in NIKE during the fourth quarter valued at $26,000. J.Safra Asset Management Corp purchased a new position in NIKE during the fourth quarter valued at $29,000. Kemnay Advisory Services Inc. purchased a new position in NIKE during the fourth quarter valued at $30,000. Finally, Guerra Advisors Inc purchased a new position in NIKE during the third quarter valued at $34,000. 64.25% of the stock is owned by hedge funds and other institutional investors.
NIKE Company Profile
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).
Further Reading
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