NIKE (NYSE:NKE) Stock Gets Price Target Cut from Royal Bank Of Canada

NIKE (NYSE:NKE) had its price objective decreased by investment analysts at Royal Bank Of Canada from $40.00 to $39.00 in a research note issued on Friday, Benzinga reports. The brokerage presently has a “sector perform” rating on the footwear maker’s stock. Royal Bank Of Canada‘s price target would indicate a potential upside of 0.63% from the company’s current price.

A number of other research firms have also commented on NKE. Argus raised NIKE to a “strong-buy” rating in a research report on Wednesday, July 15th. KeyCorp reiterated a “sector weight” rating on shares of NIKE in a research report on Friday, October 2nd. BTIG Research reissued a “buy” rating and set a $50.00 target price on shares of NIKE in a research note on Thursday, October 22nd. Needham & Company LLC restated a “hold” rating on shares of NIKE in a report on Friday, October 2nd. Finally, Benchmark raised NIKE to a “hold” rating in a research note on Tuesday, September 22nd. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, twenty have issued a Hold rating and twelve have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, NIKE presently has a consensus rating of “Reduce” and an average price target of $40.91.

NIKE Price Performance

Shares of NYSE NKE traded down $0.81 during trading hours on Friday, reaching $38.75. 12,284,096 shares of the stock traded hands, compared to its average volume of 24,653,066. The company has a market capitalization of $57.56 billion, a P/E ratio of 18.65, a price-to-earnings-growth ratio of 4.73 and a beta of 1.01. The company has a quick ratio of 1.39, a current ratio of 2.07 and a debt-to-equity ratio of 0.39. NIKE has a 52-week low of $31.97 and a 52-week high of $69.14. The company’s 50-day simple moving average is $36.90 and its two-hundred day simple moving average is $45.76.

NIKE (NYSE:NKE) last issued its earnings results on Thursday, October 1st. The footwear maker reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.05. The company had revenue of $11.21 billion during the quarter, compared to analysts’ expectations of $11.32 billion. NIKE had a return on equity of 15.94% and a net margin of 6.74%. NIKE’s quarterly revenue was down 4.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.49 EPS. NIKE has set its FY 2027 guidance at 1.150-1.350 EPS. Equities research analysts forecast that NIKE will post 1.22 EPS for the current year.

Insider Buying and Selling

In other news, EVP Philip McCartney sold 2,559 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 value of $96,192.81. Following the completion of the transaction, the executive vice president owned 78,121 shares in the company, valued at $2,936,568.39. This trade represents a 3.17% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Venkatesh Alagirisamy sold 3,671 shares of NIKE 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 $137,992.89. Following the sale, the chief operating officer owned 104,862 shares in the company, valued at $3,941,762.58. This represents a 3.38% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.10% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. State Street Corp raised its position in NIKE by 6.8% during 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 purchasing an additional 4,052,428 shares during the period. Flossbach Von Storch SE bought a new stake in shares of NIKE in the 2nd quarter valued at approximately $488,714,000. Amundi boosted its holdings in shares of NIKE by 59.4% in the 2nd quarter. Amundi now owns 6,460,398 shares of the footwear maker’s stock worth $265,199,000 after purchasing an additional 2,406,609 shares during the period. Van ECK Associates Corp boosted its holdings in shares of NIKE by 4.8% in the 2nd quarter. Van ECK Associates Corp now owns 6,257,863 shares of the footwear maker’s stock worth $256,885,000 after purchasing an additional 286,395 shares during the period. Finally, Swiss National Bank increased its position in shares of NIKE by 7.3% during the 1st quarter. Swiss National Bank now owns 3,496,700 shares of the footwear maker’s stock valued at $184,696,000 after purchasing an additional 237,600 shares during 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: NIKE has gained traction in performance categories and North America, while its product reset aims to support innovation and full-price sales. Its $2.5 billion Pace savings plan could also help longer-term profitability. Article: NIKE Gains 13.9% in a Month: Is the Turnaround Rally Sustainable? Article: NIKE’s Fiscal 2027 Outlook Puts Pace Savings Against Revenue Risk
• Neutral Sentiment: NIKE’s recent rally has raised questions about whether the recovery can sustain itself; investors will be watching the company’s upcoming Investor Day and progress on its product strategy. Article: Is Now a Good Time to Buy Nike Stock?
• Negative Sentiment: Truist cut its rating from Hold to Sell and set a $29 price target, citing portfolio risks and valuation. UBS also warned that recovery may lag expectations, maintaining a Neutral rating and $34 target. These calls add pressure after NIKE’s recent share gains. Article: NKE Downgraded To ‘Sell’ At Truist Article: Nike recovery may lag valuation expectations, UBS warns
• Negative Sentiment: Weak growth remains a key concern: sales in China fell 25% year over year in the latest reported quarter, and Jordan and Dunk demand is shrinking. Articles also flag lower sales and earnings expectations, making NIKE’s valuation harder to justify if the turnaround takes longer. Article: Is Now a Good Time to Buy Nike Stock? Article: Is NIKE Stock Worth Buying as Valuation Stays High Amid Weak Growth?

NIKE Company Profile

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

NIKE’s product portfolio includes athletic and casual footwear, performance and lifestyle apparel, sports equipment, accessories and digital fitness-related offerings. The company distributes its products through company-owned retail stores, digital platforms and wholesale partners, while also operating direct-to-consumer and membership programs.

The company traces its origins to 1964, when Phil Knight and Bill Bowerman founded Blue Ribbon Sports.