NIKE (NYSE:NKE) Given New $65.00 Price Target at Telsey Advisory Group

NIKE (NYSE:NKE) had its price target decreased by Telsey Advisory Group from $72.00 to $65.00 in a research note released on Wednesday, MarketBeat reports. Telsey Advisory Group currently has a market perform rating on the footwear maker’s stock.

NKE has been the topic of a number of other reports. Jefferies Financial Group restated a “buy” rating on shares of NIKE in a report on Thursday, March 12th. BNP Paribas Exane lowered their price target on shares of NIKE from $38.00 to $35.00 and set an “underperform” rating for the company in a report on Friday, December 19th. Needham & Company LLC lowered shares of NIKE from a “buy” rating to a “hold” rating in a research report on Thursday, January 8th. Argus reduced their price objective on shares of NIKE from $85.00 to $70.00 in a research note on Tuesday, December 23rd. Finally, Truist Financial set a $69.00 target price on shares of NIKE in a research report on Wednesday, January 14th. Twenty-two research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $73.20.

NIKE Stock Down 1.0%

Shares of NYSE:NKE opened at $52.95 on Wednesday. The company has a quick ratio of 1.40, a current ratio of 2.06 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $78.39 billion, a P/E ratio of 31.15, a P/E/G ratio of 2.81 and a beta of 1.27. NIKE has a 52-week low of $52.17 and a 52-week high of $80.17. The stock’s fifty day simple moving average is $60.67 and its 200-day simple moving average is $64.35.

NIKE Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Monday, March 2nd will be issued a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date is Monday, March 2nd. NIKE’s dividend payout ratio is currently 96.47%.

Insider Buying and Selling at NIKE

In other news, CEO Elliott Hill acquired 16,388 shares of the firm’s stock in a transaction on Monday, December 29th. The stock was bought at an average cost of $61.10 per share, with a total value of $1,001,306.80. Following the transaction, the chief executive officer directly owned 241,587 shares in the company, valued at approximately $14,760,965.70. This represents a 7.28% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 0.80% of the company’s stock.

Institutional Investors Weigh In On NIKE

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Brighton Jones LLC boosted its position in NIKE by 388.5% during the 4th quarter. Brighton Jones LLC now owns 202,411 shares of the footwear maker’s stock worth $15,316,000 after acquiring an additional 160,980 shares during the period. Caxton Associates LLP bought a new stake in shares of NIKE during the first quarter valued at about $311,000. United Bank raised its stake in shares of NIKE by 11.3% during the second quarter. United Bank now owns 17,067 shares of the footwear maker’s stock valued at $1,212,000 after purchasing an additional 1,736 shares in the last quarter. AlphaCore Capital LLC acquired a new stake in NIKE in the second quarter worth about $154,000. Finally, Waterloo Capital L.P. acquired a new stake in NIKE in the second quarter worth about $227,000. Institutional investors own 64.25% of the company’s stock.

Key Stories Impacting NIKE

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: Bank of America reiterated a Buy on NKE, highlighting “continued progress” in North America and saying improvement there increases confidence in a broader turnaround; BofA also noted potential tailwinds from World Cup product cycles. Article Title
• Neutral Sentiment: Investors are focused on Nike’s March 31 Q3 earnings release; some commentaries frame the pullback (multi‑year decline) as a buying opportunity if results show North America momentum. Article Title
• Neutral Sentiment: Market coverage notes a recent intraday bounce (prior session close higher), but volume remains below average and price sits near 52‑week lows — suggesting traders are waiting for earnings clarity. Article Title
• Neutral Sentiment: Sector news: competitor On Holding updated leadership amid slowing growth — a reminder of competitive pressures in athletic footwear. Article Title
• Negative Sentiment: Telsey Advisory Group cut its price target from $72 to $65 and moved to Market Perform, signaling tempered upside expectations from analysts. Article Title
• Negative Sentiment: Previews from analysts (Benzinga) expect Q3 total sales declines and an approximate 200 bps contraction in gross margin, driven by persistent weakness in China — a key near‑term risk for results and sentiment. Article Title
• Negative Sentiment: Deutsche Bank issued a pessimistic forecast for NKE, adding downside pressure to sentiment ahead of earnings. Article Title
• Negative Sentiment: Technical/market commentary warns NKE is near a make‑or‑break support level and could test lower prices if earnings disappoint, increasing downside risk for traders. Article Title

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).