NIKE (NYSE:NKE) Given New $53.00 Price Target at Citigroup

NIKE (NYSE:NKE) had its price objective decreased by research analysts at Citigroup from $65.00 to $53.00 in a research note issued to investors on Wednesday,MarketScreener reports. The firm presently has a “neutral” rating on the footwear maker’s stock. Citigroup’s price objective indicates a potential upside of 18.08% from the stock’s previous close.

A number of other analysts also recently issued reports on NKE. Oppenheimer reissued an “outperform” rating on shares of NIKE in a research report on Wednesday, December 17th. Telsey Advisory Group reduced their price target on shares of NIKE from $65.00 to $55.00 and set a “market perform” rating on the stock in a research note on Wednesday. Daiwa Securities Group decreased their price objective on shares of NIKE from $75.00 to $61.00 in a report on Tuesday, December 23rd. Guggenheim lowered their price objective on shares of NIKE from $77.00 to $74.00 and set a “buy” rating for the company in a research report on Wednesday. Finally, Royal Bank Of Canada reiterated a “buy” rating on shares of NIKE in a report on Wednesday. Nineteen equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, NIKE has an average rating of “Moderate Buy” and a consensus target price of $64.57.

NIKE Trading Down 15.0%

NKE stock traded down $7.94 during trading on Wednesday, reaching $44.89. 87,936,225 shares of the stock were exchanged, compared to its average volume of 17,079,348. The business has a 50 day moving average price of $59.68 and a 200-day moving average price of $63.66. NIKE has a 1 year low of $44.67 and a 1 year high of $80.17. The company has a current ratio of 2.06, a quick ratio of 1.40 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $66.45 billion, a price-to-earnings ratio of 26.42, a P/E/G ratio of 2.69 and a beta of 1.27.

NIKE (NYSE:NKE) last released its quarterly earnings results on Tuesday, March 31st. The footwear maker reported $0.35 EPS for the quarter, beating the consensus estimate of $0.29 by $0.06. The firm had revenue of $11.28 billion for the quarter, compared to analyst estimates of $11.23 billion. NIKE had a net margin of 5.43% and a return on equity of 18.43%. The business’s revenue for the quarter was up .1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.54 EPS. On average, research analysts predict that NIKE will post 2.05 earnings per share for the current year.

Institutional Investors Weigh In On NIKE

A number of hedge funds have recently added to or reduced their stakes in NKE. Main Street Financial Solutions LLC lifted its holdings in NIKE by 4.2% during the 2nd quarter. Main Street Financial Solutions LLC now owns 3,441 shares of the footwear maker’s stock worth $244,000 after buying an additional 139 shares during the last quarter. St. Clair Advisors LLC raised its position in shares of NIKE by 0.9% during the 3rd quarter. St. Clair Advisors LLC now owns 15,217 shares of the footwear maker’s stock worth $1,061,000 after acquiring an additional 140 shares in the last quarter. Spirepoint Private Client LLC raised its position in shares of NIKE by 0.4% during the 3rd quarter. Spirepoint Private Client LLC now owns 36,140 shares of the footwear maker’s stock worth $2,520,000 after acquiring an additional 153 shares in the last quarter. Diligent Investors LLC lifted its stake in NIKE by 4.3% during the fourth quarter. Diligent Investors LLC now owns 3,719 shares of the footwear maker’s stock worth $237,000 after purchasing an additional 153 shares during the last quarter. Finally, CVA Family Office LLC boosted its holdings in shares of NIKE by 8.0% in the 3rd quarter. CVA Family Office LLC now owns 2,113 shares of the footwear maker’s stock valued at $147,000 after buying an additional 156 shares in the last quarter. 64.25% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about NIKE

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: Q3 results beat estimates on both top and bottom lines (EPS $0.35 vs. ~$0.29 consensus; revenue ~$11.28B roughly in line-to-slightly-above expectations), showing the turnaround still produces tangible operational progress. NIKE, Inc. Reports Fiscal 2026 Third Quarter Results
• Neutral Sentiment: Management says the company has taken intentional actions (clearing unhealthy inventory, rebalancing wholesale vs. DTC) that pressure near‑term margins but are intended to set up later improvement — a strategic move that could pay off but delays visible recovery. Nike Takes ‘Intentional’ Hit To Clear ‘Unhealthy Inventory’ In Q3 As CEO Eyes Turnaround By Year-End
• Negative Sentiment: Weak guidance drove the selloff: Nike guided fiscal Q4 revenue to decline (company-range), below Street expectations, and warned Greater China sales will remain soft — management said the China reset could take multiple quarters. Nike Stock Sinks to Lowest Level Since 2014 as Weak Sales Outlook Spooks Investors
• Negative Sentiment: Margin pressure from tariffs, promotions and inventory actions pushed operating profit and net income materially lower year‑over‑year, undercutting confidence in a near‑term margin rebound. Nike third-quarter sales beat estimates as turnaround efforts gain traction
• Negative Sentiment: Analysts reacted quickly: multiple firms cut price targets or downgraded forecasts (Wells Fargo, Truist, Telsey and others), amplifying downward pressure and raising the risk of further revision. These Analysts Cut Their Forecasts On Nike After Q3 Results
• Negative Sentiment: Investor sentiment soured after candid executive comments about the slow turnaround — headlines and tone (including a blunt CEO remark) reinforced the view that recovery is taking longer than planned. Nike CEO vents as company struggles to regain footing after disappointing profits : ‘I’m so tired’

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).