NIKE (NYSE:NKE) Price Target Cut to $55.00 by Analysts at Wells Fargo & Company

NIKE (NYSE:NKE) had its price objective cut by Wells Fargo & Company from $65.00 to $55.00 in a report published on Wednesday,Benzinga reports. They currently have an overweight rating on the footwear maker’s stock.

NKE has been the topic of several other research reports. BTIG Research lowered their price target on shares of NIKE from $90.00 to $75.00 and set a “buy” rating on the stock in a report on Wednesday. Oppenheimer reissued an “outperform” rating on shares of NIKE in a research note on Wednesday, December 17th. Barclays upgraded shares of NIKE from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $64.00 to $73.00 in a research note on Wednesday, March 11th. Williams Trading dropped their target price 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, Needham & Company LLC lowered NIKE from a “buy” rating to a “hold” rating in a research note on Thursday, January 8th. Nineteen equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $64.43.

NIKE Stock Down 15.3%

NYSE NKE opened at $44.72 on Wednesday. NIKE has a 52 week low of $44.56 and a 52 week high of $80.17. 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 $66.21 billion, a P/E ratio of 29.62, a price-to-earnings-growth ratio of 2.78 and a beta of 1.31. The stock’s 50-day moving average price is $59.27 and its 200-day moving average price is $63.53.

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

NIKE Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 1st. Investors of record on Monday, March 2nd were given a dividend of $0.41 per share. The ex-dividend date 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%.

Institutional Trading of NIKE

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. J. Stern & Co. LLP lifted its stake in NIKE by 49,010.4% in the 4th quarter. J. Stern & Co. LLP now owns 48,054,542 shares of the footwear maker’s stock worth $3,061,555,000 after purchasing an additional 47,956,692 shares in the last quarter. Norges Bank purchased a new position in shares of NIKE during the fourth quarter valued at about $829,956,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its holdings in shares of NIKE by 3,129.9% in the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 9,091,426 shares of the footwear maker’s stock worth $645,855,000 after purchasing an additional 8,809,950 shares during the last quarter. Harris Associates L P bought a new stake in shares of NIKE in the second quarter worth about $621,525,000. Finally, Capital World Investors lifted its position in shares of NIKE by 16.2% in the fourth quarter. Capital World Investors now owns 49,069,951 shares of the footwear maker’s stock worth $3,126,246,000 after buying an additional 6,830,938 shares in the last quarter. 64.25% of the stock is currently owned by institutional investors.

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

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).