NIKE (NYSE:NKE) Given New $67.00 Price Target at Barclays

NIKE (NYSE:NKE) had its target price decreased by Barclays from $73.00 to $67.00 in a research report sent to investors on Wednesday, Marketbeat.com reports. Barclays currently has an overweight rating on the footwear maker’s stock.

Several other analysts have also commented on NKE. Needham & Company LLC lowered NIKE from a “buy” rating to a “hold” rating in a report on Thursday, January 8th. Citigroup restated a “neutral” rating and issued a $65.00 price objective (down from $70.00) on shares of NIKE in a research report on Friday, December 19th. Jefferies Financial Group reaffirmed a “buy” rating on shares of NIKE in a research note on Thursday, March 12th. UBS Group cut their target price on shares of NIKE from $62.00 to $58.00 and set a “neutral” rating for the company in a report on Thursday, March 19th. Finally, Argus decreased their target price on shares of NIKE from $85.00 to $70.00 in a research note on Tuesday, December 23rd. Nineteen 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 stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $64.43.

NIKE Price Performance

NYSE:NKE opened at $44.72 on Wednesday. NIKE has a one year low of $44.56 and a one year high of $80.17. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.40 and a current ratio of 2.06. The firm has a market cap of $66.21 billion, a price-to-earnings ratio of 29.62, a PEG ratio of 2.78 and a beta of 1.31. The firm’s fifty day moving average is $59.27 and its two-hundred day moving average is $63.53.

NIKE (NYSE:NKE) last released its quarterly earnings data on Tuesday, March 31st. The footwear maker reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.06. The business had revenue of $11.28 billion during the quarter, compared to analyst estimates of $11.23 billion. NIKE had a return on equity of 16.56% and a net margin of 4.84%.The company’s revenue was up .1% on a year-over-year basis. During the same quarter last year, the business posted $0.54 EPS. Research analysts expect that NIKE will post 2.05 EPS for the current year.

NIKE Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 1st. Shareholders of record on Monday, March 2nd were issued a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend was Monday, March 2nd. NIKE’s dividend payout ratio (DPR) is presently 96.47%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Main Street Financial Solutions LLC grew its stake in NIKE by 4.2% in the 2nd quarter. Main Street Financial Solutions LLC now owns 3,441 shares of the footwear maker’s stock valued at $244,000 after acquiring an additional 139 shares during the period. St. Clair Advisors LLC raised its position in NIKE by 0.9% during the third 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 during the period. Spirepoint Private Client LLC lifted its holdings in NIKE by 0.4% during the third quarter. Spirepoint Private Client LLC now owns 36,140 shares of the footwear maker’s stock valued at $2,520,000 after purchasing an additional 153 shares in the last quarter. Diligent Investors LLC lifted its holdings in NIKE by 4.3% during the fourth quarter. Diligent Investors LLC now owns 3,719 shares of the footwear maker’s stock valued at $237,000 after purchasing an additional 153 shares in the last quarter. Finally, CVA Family Office LLC grew its position in shares of NIKE by 8.0% in the third quarter. CVA Family Office LLC now owns 2,113 shares of the footwear maker’s stock valued at $147,000 after purchasing an additional 156 shares during the period. 64.25% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting NIKE

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).