Telsey Advisory Group Cuts NIKE (NYSE:NKE) Price Target to $72.00

NIKE (NYSE:NKE) had its price target trimmed by Telsey Advisory Group from $75.00 to $72.00 in a research note issued to investors on Friday, Marketbeat.com reports. The firm currently has a market perform rating on the footwear maker’s stock.

A number of other research firms also recently weighed in on NKE. Royal Bank Of Canada reiterated an “outperform” rating on shares of NIKE in a report on Friday, October 10th. UBS Group reissued a “market perform” rating and issued a $75.00 target price on shares of NIKE in a research note on Wednesday, December 10th. Morgan Stanley set a $72.00 price objective on shares of NIKE and gave the stock a “positive” rating in a report on Wednesday, October 1st. TD Cowen upgraded shares of NIKE from a “hold” rating to a “buy” rating and upped their target price for the company from $62.00 to $85.00 in a research note on Wednesday, September 10th. Finally, Truist Financial restated a “buy” rating and issued a $85.00 target price on shares of NIKE in a report on Wednesday, October 1st. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and ten have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $78.14.

NIKE Stock Performance

NYSE:NKE opened at $58.80 on Friday. The company has a quick ratio of 1.45, a current ratio of 2.19 and a debt-to-equity ratio of 0.59. The firm’s fifty day simple moving average is $65.05 and its 200 day simple moving average is $69.49. The stock has a market cap of $86.91 billion, a P/E ratio of 34.59, a price-to-earnings-growth ratio of 2.07 and a beta of 1.29. NIKE has a twelve month low of $52.28 and a twelve month high of $82.44.

NIKE (NYSE:NKE) last posted its earnings results on Thursday, December 18th. The footwear maker reported $0.53 EPS for the quarter, topping the consensus estimate of $0.37 by $0.16. The firm had revenue of $12.43 billion during the quarter, compared to analysts’ expectations of $12.19 billion. NIKE had a net margin of 5.43% and a return on equity of 18.61%. The company’s quarterly revenue was up .6% compared to the same quarter last year. During the same period last year, the company posted $0.78 EPS. As a group, research analysts predict that NIKE will post 2.05 EPS for the current year.

NIKE Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 2nd. Stockholders of record on Monday, December 1st will be given a dividend of $0.41 per share. The ex-dividend date of this dividend is Monday, December 1st. This represents a $1.64 annualized dividend and a dividend yield of 2.8%. This is an increase from NIKE’s previous quarterly dividend of $0.40. NIKE’s dividend payout ratio is presently 96.47%.

Insider Buying and Selling

In other news, Chairman Mark G. Parker sold 86,078 shares of the stock in a transaction on Friday, November 14th. The stock was sold at an average price of $64.80, for a total transaction of $5,577,854.40. Following the transaction, the chairman owned 647,615 shares of the company’s stock, valued at approximately $41,965,452. This represents a 11.73% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jorgen Vig Knudstorp bought 16,150 shares of the business’s stock in a transaction on Friday, November 7th. The shares were acquired at an average cost of $62.09 per share, for a total transaction of $1,002,753.50. Following the transaction, the director directly owned 21,388 shares in the company, valued at approximately $1,327,980.92. This trade represents a 308.32% increase in their position. The SEC filing for this purchase provides additional information. 0.80% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On NIKE

Several institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its position in NIKE by 1.3% during the 3rd quarter. Vanguard Group Inc. now owns 115,291,199 shares of the footwear maker’s stock valued at $8,039,255,000 after acquiring an additional 1,467,414 shares in the last quarter. State Street Corp boosted its position in NIKE by 2.8% during the second quarter. State Street Corp now owns 59,154,159 shares of the footwear maker’s stock valued at $4,225,441,000 after purchasing an additional 1,590,603 shares in the last quarter. Capital World Investors grew its stake in NIKE by 0.7% in the third quarter. Capital World Investors now owns 42,239,013 shares of the footwear maker’s stock valued at $2,945,326,000 after purchasing an additional 286,615 shares during the last quarter. Invesco Ltd. lifted its position in shares of NIKE by 3.3% during the third quarter. Invesco Ltd. now owns 12,561,334 shares of the footwear maker’s stock valued at $875,902,000 after buying an additional 404,136 shares during the last quarter. Finally, Jennison Associates LLC boosted its holdings in shares of NIKE by 42.3% in the 3rd quarter. Jennison Associates LLC now owns 11,838,528 shares of the footwear maker’s stock valued at $825,501,000 after buying an additional 3,518,666 shares in the last quarter. 64.25% of the stock is owned by hedge funds and other institutional investors.

NIKE News Summary

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: Q2 beat on top and bottom line — Nike reported $12.4B in revenue and $0.53 EPS, both ahead of expectations, showing resilience in demand overall. Nike Beats on Earnings But Struggles in China and Faces Tariffs
• Positive Sentiment: North America strength and product wins — North American sales rose ~9% and running category grew ~20%, supporting the turnaround thesis for key categories. Nike’s China conundrum deepens
• Neutral Sentiment: Analyst mix — Some firms reaffirm buys (Guggenheim, Needham/Buys remain) while others cut price targets or mark to market; Berenberg reiterated neutral with a $70 PT. This leaves Street views mixed but not uniformly bearish. MarketScreener Latest Ratings
• Negative Sentiment: Tariff and margin pressure — Gross margin fell ~300 bps (to ~40.6%) and management flagged substantial tariff headwinds (reported ~$1.5B FY impact) and guidance for further margin contraction next quarter. Nike Plunges 11% As Tariffs, China Woes Cloud Outlook
• Negative Sentiment: China slump — Greater China sales plunged (~16–20% reported across outlets), with Chinese DTC digital revenue down sharply, raising concerns that Nike’s China playbook isn’t yet working. Nike is struggling to stay culturally relevant in China
• Negative Sentiment: Guidance and investor reaction — Management guided to low‑single‑digit revenue declines next quarter and warned of margin headwinds; markets focused on that guidance and tariffs, driving heavy selling and large intraday volume. Nike says turnaround plans are ‘in the middle innings’

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).