NIKE (NYSE:NKE) Given New $47.00 Price Target at Citigroup

Posted by Brenda Bartman on Jun 10th, 2026

NIKE (NYSE:NKE – Get Free Report) had its target price dropped by equities research analysts at Citigroup from $53.00 to $47.00 in a research note issued to investors on Wednesday,MarketScreener reports. The firm currently has a “neutral” rating on the footwear maker’s stock. Citigroup’s target price would indicate a potential upside of 5.84% from the company’s current price.

A number of other research analysts also recently commented on the company. Piper Sandler reissued a “neutral” rating and issued a $50.00 price target (down from $60.00) on shares of NIKE in a report on Friday, April 10th. China Renaissance cut their target price on NIKE from $74.60 to $50.30 and set a “hold” rating on the stock in a research report on Thursday, April 2nd. Zacks Research cut NIKE from a “hold” rating to a “strong sell” rating in a research note on Monday, June 1st. Berenberg Bank reissued a “neutral” rating on shares of NIKE in a research report on Wednesday, May 6th. Finally, Wall Street Zen upgraded shares of NIKE from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. Fifteen investment analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, NIKE has an average rating of “Hold” and a consensus price target of $61.01.

Read Our Latest Report on NIKE

NIKE Stock Down 0.5%

NKE stock traded down $0.25 during trading on Wednesday, reaching $44.41. The stock had a trading volume of 3,223,258 shares, compared to its average volume of 19,735,080. NIKE has a 1-year low of $41.35 and a 1-year high of $80.17. The company has a current ratio of 2.14, a quick ratio of 1.45 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $65.76 billion, a P/E ratio of 29.45, a PEG ratio of 1.87 and a beta of 1.12. The firm has a fifty day moving average price of $44.54 and a 200 day moving average price of $55.76.

NIKE (NYSE:NKE – Get Free Report) last announced its 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 return on equity of 16.41% and a net margin of 4.84%.The company had revenue of $11.28 billion during the quarter, compared to the consensus estimate of $11.23 billion. During the same period last year, the firm earned $0.54 earnings per share. The company’s revenue was up .1% on a year-over-year basis. On average, equities analysts anticipate that NIKE will post 1.49 earnings per share for the current year.

Insider Transactions at NIKE

In other news, Director Timothy D. Cook acquired 25,000 shares of NIKE stock in a transaction that occurred on Friday, April 10th. The shares were purchased at an average cost of $42.43 per share, for a total transaction of $1,060,750.00. Following the completion of the purchase, the director directly owned 130,480 shares of the company’s stock, valued at $5,536,266.40. This trade represents a 23.70% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Elliott Hill acquired 23,660 shares of the firm’s stock in a transaction on Monday, April 13th. The stock was acquired at an average cost of $42.27 per share, with a total value of $1,000,108.20. Following the acquisition, the chief executive officer owned 265,247 shares of the company’s stock, valued at $11,211,990.69. This trade represents a 9.79% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have acquired a total of 64,441 shares of company stock valued at $2,734,204 over the last 90 days. Insiders own 0.80% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Westerkirk Capital Inc. increased its stake in shares of NIKE by 52.4% in the fourth quarter. Westerkirk Capital Inc. now owns 131,220 shares of the footwear maker’s stock valued at $8,360,000 after purchasing an additional 45,100 shares during the period. Mizuho Markets Cayman LP acquired a new position in shares of NIKE during the third quarter worth approximately $34,200,000. PFA Pension Forsikringsaktieselskab acquired a new position in shares of NIKE during the fourth quarter worth approximately $43,188,000. Strive Asset Management LLC bought a new position in NIKE in the 3rd quarter worth approximately $1,743,000. Finally, Nicholas Company Inc. grew its holdings in NIKE by 33.3% in the 4th quarter. Nicholas Company Inc. now owns 123,652 shares of the footwear maker’s stock worth $7,878,000 after buying an additional 30,890 shares in the last quarter. 64.25% of the stock is currently owned by institutional investors.

NIKE Company Profile

(Get Free Report)

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).