NIKE’s (NKE) Underperform Rating Reiterated at Bank of America

Posted by Francis Steltz on Sep 28th, 2026

Bank of America reaffirmed their underperform rating on shares of NIKE (NYSE:NKE – Free Report) in a research report report published on Friday, MarketBeat.com reports. Bank of America currently has a $30.00 price target on the footwear maker’s stock, down from their previous price target of $47.00.

Other equities analysts have also recently issued reports about the company. Barclays reiterated an “overweight” rating and set a $48.00 price target (down from $52.00) on shares of NIKE in a report on Wednesday. Jefferies Financial Group reaffirmed a “buy” rating on shares of NIKE in a research report on Tuesday, August 25th. Wells Fargo & Company lowered their target price on shares of NIKE from $45.00 to $40.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 1st. Telsey Advisory Group set a $44.00 price target on shares of NIKE and gave the company a “market perform” rating in a research report on Tuesday, September 15th. Finally, The Goldman Sachs Group reduced their price target on shares of NIKE from $46.00 to $42.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 1st. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, twenty-one have issued a Hold rating and seven have issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $47.80.

View Our Latest Research Report on NKE

NIKE Stock Up 0.1%

Shares of NKE opened at $35.77 on Friday. The company has a market capitalization of $53.06 billion, a price-to-earnings ratio of 17.11, a PEG ratio of 1.84 and a beta of 1.10. NIKE has a 52 week low of $35.22 and a 52 week high of $76.97. The stock’s 50-day moving average price is $39.58 and its 200-day moving average price is $43.48. The company has a quick ratio of 1.36, a current ratio of 1.96 and a debt-to-equity ratio of 0.40.

NIKE (NYSE:NKE – Get Free Report) last announced its quarterly earnings results on Tuesday, June 30th. The footwear maker reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.09. The company had revenue of $10.97 billion during the quarter, compared to analysts’ expectations of $10.85 billion. NIKE had a return on equity of 16.54% and a net margin of 6.70%.NIKE’s quarterly revenue was down 1.1% on a year-over-year basis. During the same period last year, the business earned $0.14 earnings per share. On average, sell-side analysts predict that NIKE will post 1.66 EPS for the current year.

NIKE Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Tuesday, September 1st will be paid a dividend of $0.41 per share. The ex-dividend date is Tuesday, September 1st. This represents a $1.64 annualized dividend and a yield of 4.6%. NIKE’s payout ratio is presently 78.47%.

Insiders Place Their Bets

In other NIKE news, EVP Philip McCartney sold 2,559 shares of the stock in a transaction that occurred on Wednesday, September 9th. The shares were sold at an average price of $37.59, for a total value of $96,192.81. Following the transaction, the executive vice president directly owned 78,121 shares in the company, valued at $2,936,568.39. This represents a 3.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Venkatesh Alagirisamy sold 3,671 shares of the firm’s stock in a transaction that occurred on Wednesday, September 9th. The stock was sold at an average price of $37.59, for a total transaction of $137,992.89. Following the sale, the chief operating officer directly owned 104,862 shares in the company, valued at approximately $3,941,762.58. The trade was a 3.38% 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. Over the last ninety days, insiders sold 14,974 shares of company stock valued at $600,126. 1.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. QRG Capital Management Inc. raised its stake in NIKE by 8.5% during the 2nd quarter. QRG Capital Management Inc. now owns 106,883 shares of the footwear maker’s stock worth $4,388,000 after acquiring an additional 8,338 shares in the last quarter. Envestnet Portfolio Solutions Inc. lifted its position in NIKE by 214.0% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 32,596 shares of the footwear maker’s stock valued at $1,338,000 after acquiring an additional 22,215 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in NIKE by 98.4% in the second quarter. Envestnet Asset Management Inc. now owns 2,202,581 shares of the footwear maker’s stock valued at $90,416,000 after acquiring an additional 1,092,282 shares in the last quarter. State Street Corp boosted its stake in NIKE by 6.8% in the second quarter. State Street Corp now owns 63,598,789 shares of the footwear maker’s stock valued at $2,636,104,000 after acquiring an additional 4,052,428 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its holdings in shares of NIKE by 1.9% during the second quarter. The Manufacturers Life Insurance Company now owns 640,889 shares of the footwear maker’s stock worth $26,308,000 after purchasing an additional 11,884 shares during the last quarter. 64.25% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting NIKE

Here are the key news stories impacting NIKE this week:

Positive Sentiment: BTIG reaffirmed a Buy rating, providing a counterpoint to the more cautious analyst views. NIKE also recently signed a reported $200 million partnership with the University of Miami, potentially supporting its college-sports presence. BTIG Research Reaffirms Buy Rating for NIKE Nike University of Miami Partnership
Neutral Sentiment: NIKE is scheduled to report fiscal first-quarter results on October 1. Investors will look for evidence of improving demand, inventory normalization and progress in China; options markets imply a potentially significant post-earnings move. Nike Earnings Expectations
Negative Sentiment: Bank of America downgraded NIKE to Underperform from Neutral and cut its price target to $30 from $47. The firm now expects sales to keep falling through May, pushing the anticipated recovery back by roughly a year—potentially to fiscal 2028—and eliminating hopes for a near-term “spring inflection.” Bank of America Nike Downgrade
Negative Sentiment: The bearish view reflects pressure on wholesale sales and distribution channels, weak demand and excess inventory in China, softer consumer trends, and concerns about product innovation. Bank of America also reduced its valuation multiple, while other analysts have trimmed earnings estimates ahead of the report. Nike Channel and China Pressures

About NIKE

(Get Free Report)

NIKE, Inc is a global athletic footwear, apparel and equipment company headquartered near Beaverton, Oregon. The company designs, develops and markets products under the NIKE, Jordan and Converse brands, serving athletes and consumers across a broad range of sports and lifestyle categories.

NIKE’s offerings include athletic and casual footwear, sportswear, apparel, accessories and athletic equipment. The company distributes its products through company-owned retail stores, digital platforms, wholesale partners and independent distributors.