NIKE (NYSE:NKE) Upgraded at KeyCorp

KeyCorp upgraded shares of NIKE (NYSE:NKE) from a sector weight rating to an overweight rating in a report released on Wednesday morning, Marketbeat reports. The brokerage currently has $90.00 price target on the footwear maker’s stock. KeyCorp also issued estimates for NIKE’s Q2 2026 earnings at $0.38 EPS, Q3 2026 earnings at $0.52 EPS, Q4 2026 earnings at $0.33 EPS and FY2027 earnings at $2.38 EPS.

Other research analysts have also issued reports about the company. Bank of America increased their target price on NIKE from $80.00 to $84.00 and gave the stock a “buy” rating in a research report on Friday, June 27th. HSBC raised NIKE from a “hold” rating to a “buy” rating and set a $80.00 price objective on the stock in a research note on Friday, June 27th. Royal Bank Of Canada raised shares of NIKE from a “sector perform” rating to an “outperform” rating and increased their target price for the stock from $76.00 to $90.00 in a research report on Thursday, September 18th. Hsbc Global Res upgraded shares of NIKE from a “hold” rating to a “strong-buy” rating in a report on Friday, June 27th. Finally, Stifel Nicolaus set a $68.00 price target on shares of NIKE and gave the company a “hold” rating in a research report on Wednesday. Three research analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $81.57.

NIKE Price Performance

NKE opened at $72.01 on Wednesday. NIKE has a 1 year low of $52.28 and a 1 year high of $84.76. The company’s 50 day simple moving average is $74.62 and its 200 day simple moving average is $67.31. The stock has a market capitalization of $106.34 billion, a PE ratio of 36.93, a P/E/G ratio of 2.75 and a beta of 1.29. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.50 and a current ratio of 2.19.

NIKE (NYSE:NKE) last issued its quarterly earnings results on Tuesday, September 30th. The footwear maker reported $0.49 EPS for the quarter, topping the consensus estimate of $0.27 by $0.22. The firm had revenue of $11.72 billion during the quarter, compared to analyst estimates of $10.96 billion. NIKE had a net margin of 6.23% and a return on equity of 21.16%. NIKE’s revenue for the quarter was up 1.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.70 earnings per share. As a group, sell-side analysts expect that NIKE will post 2.05 EPS for the current year.

NIKE Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Tuesday, September 2nd were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $1.60 annualized dividend and a yield of 2.2%. NIKE’s payout ratio is 82.05%.

Insider Buying and Selling

In other NIKE news, Chairman Mark G. Parker sold 110,000 shares of the company’s stock in a transaction dated Wednesday, July 16th. The shares were sold at an average price of $72.29, for a total value of $7,951,900.00. Following the completion of the transaction, the chairman directly owned 842,361 shares of the company’s stock, valued at $60,894,276.69. This represents a 11.55% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Stone House Investment Management LLC purchased a new stake in NIKE during the 1st quarter worth approximately $25,000. Mascoma Wealth Management LLC acquired a new stake in shares of NIKE during the second quarter worth approximately $26,000. Halbert Hargrove Global Advisors LLC increased its stake in shares of NIKE by 952.6% in the second quarter. Halbert Hargrove Global Advisors LLC now owns 400 shares of the footwear maker’s stock worth $28,000 after buying an additional 362 shares during the last quarter. Saudi Central Bank acquired a new stake in NIKE in the first quarter valued at $30,000. Finally, Matrix Trust Co boosted its stake in NIKE by 53.1% during the 2nd quarter. Matrix Trust Co now owns 441 shares of the footwear maker’s stock valued at $31,000 after acquiring an additional 153 shares during the last quarter. Hedge funds and other institutional investors own 64.25% of the company’s stock.

About NIKE

NIKE, Inc, together with its subsidiaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, accessories, and services worldwide. The company provides athletic and casual footwear, apparel, and accessories under the Jumpman trademark; and casual sneakers, apparel, and accessories under the Converse, Chuck Taylor, All Star, One Star, Star Chevron, and Jack Purcell trademarks.