NIKE (NYSE:NKE) Price Target Lowered to $23.00 at BNP Paribas Exane

NIKE (NYSE:NKE) had its price objective decreased by BNP Paribas Exane from $35.00 to $23.00 in a report released on Wednesday morning,Benzinga reports. BNP Paribas Exane currently has an underperform rating on the footwear maker’s stock.

NKE has been the topic of a number of other research reports. KeyCorp cut their target price on NIKE from $90.00 to $75.00 and set an “overweight” rating on the stock in a research report on Thursday, January 22nd. Needham & Company LLC downgraded NIKE from a “buy” rating to a “hold” rating in a report on Thursday, January 8th. BTIG Research dropped their price target on shares of NIKE from $90.00 to $75.00 and set a “buy” rating on the stock in a research note on Wednesday. Wells Fargo & Company cut their price objective on shares of NIKE from $65.00 to $55.00 and set an “overweight” rating on the stock in a report on Wednesday. Finally, Weiss Ratings upgraded shares of NIKE from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, January 12th. Nineteen 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. Based on data from MarketBeat.com, NIKE currently has a consensus rating of “Moderate Buy” and a consensus price target of $64.43.

NIKE Stock Performance

Shares of NKE stock opened at $44.72 on Wednesday. The company has a market cap of $66.21 billion, a P/E ratio of 29.62, a PEG ratio of 2.78 and a beta of 1.31. The firm has a fifty day moving average price of $59.27 and a 200 day moving average price of $63.53. The company has a current ratio of 2.06, a quick ratio of 1.40 and a debt-to-equity ratio of 0.50. NIKE has a 12 month low of $44.56 and a 12 month high of $80.17.

NIKE (NYSE:NKE) last posted its quarterly earnings results 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 analysts’ expectations of $11.23 billion. NIKE had a return on equity of 16.56% and a net margin of 4.84%.NIKE’s quarterly revenue was up .1% on a year-over-year basis. During the same period last year, the firm earned $0.54 earnings per share. Sell-side analysts predict that NIKE will post 2.05 earnings per share for the current fiscal year.

NIKE Announces Dividend

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

Institutional Investors Weigh In On NIKE

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NKE. Mizuho Markets Cayman LP purchased a new position in shares of NIKE during the third quarter worth about $34,200,000. Exchange Traded Concepts LLC raised its stake in NIKE by 697.5% during the 3rd quarter. Exchange Traded Concepts LLC now owns 228,889 shares of the footwear maker’s stock valued at $15,960,000 after acquiring an additional 200,187 shares during the last quarter. Strive Asset Management LLC purchased a new stake in NIKE during the 3rd quarter valued at approximately $1,743,000. Soros Fund Management LLC lifted its position in NIKE by 33.0% during the 2nd quarter. Soros Fund Management LLC now owns 302,320 shares of the footwear maker’s stock worth $21,477,000 after acquiring an additional 75,000 shares during the period. Finally, Brighton Jones LLC grew its stake in shares of NIKE by 54.6% in the 3rd quarter. Brighton Jones LLC now owns 104,791 shares of the footwear maker’s stock valued at $7,307,000 after purchasing an additional 37,019 shares during the last quarter. Hedge funds and other institutional investors own 64.25% of the company’s stock.

NIKE News Roundup

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).