NIKE (NYSE:NKE) Price Target Lowered to $75.00 at BTIG Research

NIKE (NYSE:NKE) had its price objective decreased by BTIG Research from $90.00 to $75.00 in a research note issued to investors on Wednesday morning,Benzinga reports. BTIG Research currently has a buy rating on the footwear maker’s stock.

A number of other equities research analysts have also recently commented on the stock. KeyCorp reduced their target price on shares of NIKE from $90.00 to $75.00 and set an “overweight” rating for the company in a research report on Thursday, January 22nd. Robert W. Baird lowered their price target on shares of NIKE from $93.00 to $85.00 and set an “outperform” rating on the stock in a research report on Friday, December 19th. Weiss Ratings raised shares of NIKE from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, January 12th. Williams Trading cut their price objective on shares of NIKE from $100.00 to $80.00 and set a “buy” rating for the company in a report on Friday, December 19th. Finally, Guggenheim reissued a “buy” rating on shares of NIKE in a research note on Wednesday, December 31st. Nineteen analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $64.43.

NIKE Stock Down 15.3%

Shares of NKE opened at $44.72 on Wednesday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.40 and a current ratio of 2.06. NIKE has a one year low of $44.56 and a one year high of $80.17. The stock has a market capitalization 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 stock has a 50 day moving average price of $59.27 and a 200 day moving average price of $63.53.

NIKE (NYSE:NKE) last announced 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 company had revenue of $11.28 billion for 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 firm’s revenue for the quarter was up .1% on a year-over-year basis. During the same quarter last year, the firm posted $0.54 EPS. Equities research analysts forecast that NIKE will post 2.05 earnings per share for the current fiscal year.

NIKE Announces Dividend

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

Hedge Funds Weigh In On NIKE

A number of institutional investors have recently bought and sold shares of NKE. Cornerstone Financial Management LLC purchased a new stake in shares of NIKE in the 4th quarter valued at approximately $26,000. Sankala Group LLC purchased a new stake in shares of NIKE during the 4th quarter valued at approximately $26,000. J.Safra Asset Management Corp acquired a new position in NIKE in the fourth quarter valued at approximately $29,000. Kemnay Advisory Services Inc. acquired a new position in NIKE in the fourth quarter valued at approximately $30,000. Finally, Twin Peaks Wealth Advisors LLC purchased a new position in NIKE in the second quarter worth approximately $31,000. 64.25% of the stock is owned by hedge funds and other institutional investors.

More NIKE News

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

NIKE Company Profile

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).