NIKE (NYSE:NKE) Given New $57.00 Price Target at Truist Financial

NIKE (NYSE:NKE) had its target price decreased by Truist Financial from $69.00 to $57.00 in a report issued on Wednesday morning,Benzinga reports. Truist Financial currently has a buy rating on the footwear maker’s stock.

A number of other research firms have also commented on NKE. Royal Bank Of Canada restated an “outperform” rating and issued a $78.00 price objective on shares of NIKE in a research report on Thursday, March 5th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of NIKE from $67.00 to $54.00 and set a “hold” rating on the stock in a report on Monday, March 23rd. Berenberg Bank reiterated a “neutral” rating and issued a $70.00 target price on shares of NIKE in a research note on Friday, December 19th. BNP Paribas Exane cut 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. Finally, Barclays upgraded shares of NIKE from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $64.00 to $73.00 in a research report on Wednesday, March 11th. Nineteen investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, NIKE presently has a consensus rating of “Moderate Buy” and an average target price of $64.43.

NIKE Stock Performance

NYSE:NKE opened at $44.72 on Wednesday. The business’s fifty day moving average is $59.27 and its 200 day moving average is $63.53. 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 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 52-week low of $44.56 and a 52-week high of $80.17.

NIKE (NYSE:NKE) last issued its earnings results on Tuesday, March 31st. The footwear maker reported $0.35 EPS for the quarter, topping the consensus estimate of $0.29 by $0.06. The business 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% compared to the same quarter last year. During the same quarter last year, the company earned $0.54 EPS. Research analysts predict that NIKE will post 2.05 EPS for the current year.

NIKE Dividend Announcement

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

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in NKE. Cornerstone Financial Management LLC bought a new stake in NIKE during the fourth quarter worth about $26,000. Sankala Group LLC bought a new position in shares of NIKE during the 4th quarter valued at about $26,000. J.Safra Asset Management Corp purchased a new position in shares of NIKE during the 4th quarter valued at about $29,000. Kemnay Advisory Services Inc. purchased a new position in shares of NIKE during the 4th quarter valued at about $30,000. Finally, Twin Peaks Wealth Advisors LLC bought a new stake in NIKE in the 2nd quarter worth approximately $31,000. 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: 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).