NIKE (NYSE:NKE – Get Free Report) had its price target reduced by research analysts at Deutsche Bank Aktiengesellschaft from $51.00 to $43.00 in a research report issued to clients and investors on Friday,MarketScreener reports. The firm presently has a “hold” rating on the footwear maker’s stock. Deutsche Bank Aktiengesellschaft’s price target points to a potential upside of 5.70% from the stock’s previous close.
NKE has been the topic of several other research reports. Wall Street Zen raised shares of NIKE from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. UBS Group set a $50.00 price target on shares of NIKE and gave the stock a “neutral” rating in a report on Wednesday, June 10th. Citigroup reiterated a “neutral” rating on shares of NIKE in a research note on Wednesday. Robert W. Baird dropped their price objective on shares of NIKE from $85.00 to $70.00 and set an “outperform” rating on the stock in a report on Wednesday, April 1st. Finally, Guggenheim dropped their price objective on shares of NIKE from $77.00 to $74.00 and set a “buy” rating on the stock in a report on Wednesday, April 1st. Fourteen research analysts have rated the stock with a Buy rating, nineteen have assigned a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $59.19.
Get Our Latest Analysis on NKE
NIKE Price Performance
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, topping analysts’ consensus estimates of $0.29 by $0.06. The business had revenue of $11.28 billion for the quarter, compared to analyst estimates of $11.23 billion. NIKE had a return on equity of 16.41% and a net margin of 4.84%.The company’s revenue was up .1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.54 earnings per share. As a group, equities analysts expect that NIKE will post 1.49 EPS for the current fiscal year.
Insider Activity
In related news, EVP Philip Mccartney sold 17,398 shares of NIKE stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $46.18, for a total value of $803,439.64. Following the completion of the transaction, the executive vice president owned 53,133 shares in the company, valued at $2,453,681.94. The trade was a 24.67% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 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. Also, CEO Elliott Hill purchased 23,660 shares of NIKE stock in a transaction that occurred 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 directly owned 265,247 shares in the company, valued at $11,211,990.69. This trade represents a 9.79% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders 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
Several large investors have recently made changes to their positions in NKE. Hamilton Wealth LLC acquired a new position in NIKE during the first quarter worth $300,000. Sapient Capital LLC grew its position in shares of NIKE by 4.2% in the first quarter. Sapient Capital LLC now owns 8,233 shares of the footwear maker’s stock valued at $439,000 after purchasing an additional 331 shares during the period. Western Wealth Management LLC grew its position in shares of NIKE by 98.4% in the first quarter. Western Wealth Management LLC now owns 33,030 shares of the footwear maker’s stock valued at $1,745,000 after purchasing an additional 16,383 shares during the period. E Wealth Partners LLC purchased a new stake in shares of NIKE during the first quarter worth about $279,000. Finally, FAS Wealth Partners Inc. increased its stake in shares of NIKE by 4.2% during the first quarter. FAS Wealth Partners Inc. now owns 6,109 shares of the footwear maker’s stock worth $323,000 after purchasing an additional 249 shares in the last quarter. 64.25% of the stock is owned by institutional investors and hedge funds.
More NIKE News
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).
Recommended Stories
- Five stocks we like better than NIKE
- Uncle Sam Plugs In: Nuclear Energy’s Cash Flow Moment Is Finally Here
- Fabrinet Is Becoming a Quiet Winner in the AI Optics Buildout
- 3 Stocks Building the Future of Agentic AI Payments
- This Single Factor Is Holding Back Carvana’s Disruptive Edge
Receive News & Ratings for NIKE Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NIKE and related companies with MarketBeat.com's FREE daily email newsletter.
