NIKE (NYSE:NKE) Price Target Lowered to $56.00 at Stifel Nicolaus

NIKE (NYSE:NKE) had its price target trimmed by Stifel Nicolaus from $65.00 to $56.00 in a report issued on Wednesday,MarketScreener reports. The firm currently has a hold rating on the footwear maker’s stock.

Several other equities analysts have also recently weighed in on NKE. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $52.00 price target on shares of NIKE in a research report on Wednesday. Guggenheim dropped their price objective on NIKE from $77.00 to $74.00 and set a “buy” rating on the stock in a report on Wednesday. BNP Paribas Exane reduced their target price on NIKE from $35.00 to $23.00 and set an “underperform” rating for the company in a report on Wednesday. Daiwa Securities Group decreased their price target on NIKE from $75.00 to $61.00 in a research report on Tuesday, December 23rd. Finally, Wells Fargo & Company lowered their price target on shares of NIKE from $65.00 to $55.00 and set an “overweight” rating on the stock in a report on Wednesday. Nineteen investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $64.43.

NIKE Stock Down 15.3%

NKE opened at $44.72 on Wednesday. NIKE has a 12 month low of $44.56 and a 12 month high of $80.17. The company has a market cap of $66.21 billion, a PE ratio of 29.62, a price-to-earnings-growth ratio of 2.78 and a beta of 1.31. 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 company has a 50 day moving average of $59.27 and a 200 day moving average of $63.53.

NIKE (NYSE:NKE) last issued its earnings results on Tuesday, March 31st. The footwear maker reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.06. The business had revenue of $11.28 billion for the quarter, compared to analysts’ expectations of $11.23 billion. NIKE had a net margin of 4.84% and a return on equity of 16.56%. 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 firm posted $0.54 EPS. On average, sell-side analysts expect that NIKE will post 2.05 EPS for the current year.

NIKE Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 1st. Investors of record on Monday, March 2nd were given a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 3.7%. The ex-dividend date was Monday, March 2nd. NIKE’s payout ratio is presently 96.47%.

Institutional Trading of NIKE

Several institutional investors and hedge funds have recently modified their holdings of NKE. Cornerstone Financial Management LLC purchased a new position in shares of NIKE during the fourth quarter worth about $26,000. Sankala Group LLC bought a new position in shares of NIKE in the fourth quarter worth approximately $26,000. J.Safra Asset Management Corp purchased a new stake in NIKE in the fourth quarter valued at approximately $29,000. Kemnay Advisory Services Inc. purchased a new stake in NIKE in the fourth quarter valued at approximately $30,000. Finally, Twin Peaks Wealth Advisors LLC bought a new stake in NIKE during the second quarter valued at approximately $31,000. Hedge funds and other institutional investors own 64.25% of the company’s stock.

NIKE News Summary

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: Q3 beat on the headlines — NIKE reported $11.28B in revenue and $0.35 EPS, modestly above consensus, showing the turnaround program is producing some topline stability and earnings beats. Business Wire: NIKE Q3 release
• Positive Sentiment: Product and regional pockets of strength — North America and running categories showed improvement, supporting management’s claim that parts of the turnaround are working. Reuters: Q3 sales beat
• Neutral Sentiment: Mixed analyst reaction — Several firms cut price targets and ratings while others reaffirmed buys; the street is divided on timing and magnitude of the recovery. Expect more target revisions as guidance is digested. Benzinga: analyst cuts
• Negative Sentiment: Weak guidance is the main driver — NIKE guided Q4 revenue lower (management now expects a decline rather than growth), signaling the turnaround will take longer and removing near‑term certainty. CNBC: guidance and turnaround outlook
• Negative Sentiment: China slump — management projects a sharp drop in Greater China sales (around the guidance window), worsening a key market and pressuring revenue and margin recovery. Invezz: China sales impact
• Negative Sentiment: Margin and cost headwinds — tariffs, promotions and inventory cleanup weighed on gross margin and guidance for margin recovery is delayed, increasing near‑term earnings risk. Zacks: margin pressures
• Negative Sentiment: Market reaction and analyst downgrades — heavy trading, multiple price‑target cuts and downgrades accelerated the selloff and pushed the stock to multi‑year/52‑week lows. Investopedia: stock reaction

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).