Citigroup Lowers NIKE (NYSE:NKE) Price Target to $53.00

NIKE (NYSE:NKE) had its price target lowered by analysts at Citigroup from $65.00 to $53.00 in a note issued to investors on Wednesday, MarketBeat reports. The brokerage presently has a “neutral” rating on the footwear maker’s stock. Citigroup’s price objective would suggest a potential upside of 19.92% from the company’s previous close.

Other equities research analysts also recently issued reports about the company. KeyCorp reduced their price objective on NIKE from $90.00 to $75.00 and set an “overweight” rating for the company in a report on Thursday, January 22nd. Bank of America reaffirmed a “neutral” rating and set a $55.00 price target (down from $73.00) on shares of NIKE in a report on Wednesday. Sanford C. Bernstein reiterated a “buy” rating on shares of NIKE in a research note on Wednesday. Piper Sandler decreased their price objective on shares of NIKE from $75.00 to $60.00 and set an “overweight” rating for the company in a report on Wednesday. Finally, Jefferies Financial Group restated a “buy” rating on shares of NIKE in a research report on Thursday, March 12th. Nineteen investment analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $63.42.

NIKE Stock Performance

Shares of NKE opened at $44.20 on Wednesday. The company has a market cap of $65.43 billion, a price-to-earnings ratio of 29.27, a P/E/G ratio of 2.35 and a beta of 1.31. The business’s fifty day simple moving average is $58.84 and its two-hundred day simple moving average is $63.39. NIKE has a 12 month low of $43.17 and a 12 month high of $80.17. The company has a current ratio of 2.14, a quick ratio of 1.40 and a debt-to-equity ratio of 0.50.

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, topping the consensus estimate of $0.29 by $0.06. The firm had revenue of $11.28 billion during the quarter, compared to analysts’ expectations of $11.23 billion. NIKE had a return on equity of 16.41% and a net margin of 4.84%.The company’s revenue was up .1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.54 earnings per share. Research analysts anticipate that NIKE will post 2.05 earnings per share for the current fiscal year.

Hedge Funds Weigh In On NIKE

Institutional investors have recently made changes to their positions in the business. Main Street Financial Solutions LLC grew its position in NIKE by 4.2% during the second quarter. Main Street Financial Solutions LLC now owns 3,441 shares of the footwear maker’s stock valued at $244,000 after buying an additional 139 shares during the period. St. Clair Advisors LLC raised its position in NIKE by 0.9% in the third quarter. St. Clair Advisors LLC now owns 15,217 shares of the footwear maker’s stock worth $1,061,000 after acquiring an additional 140 shares during the period. Spirepoint Private Client LLC boosted its stake in shares of NIKE by 0.4% during the 3rd quarter. Spirepoint Private Client LLC now owns 36,140 shares of the footwear maker’s stock worth $2,520,000 after acquiring an additional 153 shares during the last quarter. Diligent Investors LLC grew its position in shares of NIKE by 4.3% during the 4th quarter. Diligent Investors LLC now owns 3,719 shares of the footwear maker’s stock valued at $237,000 after acquiring an additional 153 shares during the period. Finally, CVA Family Office LLC grew its position in shares of NIKE by 8.0% during the 3rd quarter. CVA Family Office LLC now owns 2,113 shares of the footwear maker’s stock valued at $147,000 after acquiring an additional 156 shares during the period. Institutional investors own 64.25% of the company’s stock.

Key NIKE News

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: Q3 beat on the headline numbers — EPS topped estimates and management says actions are underway to clear unhealthy inventory, which supports the argument the trough may be in place. NIKE Q3 Earnings & Revenues Top Estimates, Margin Pressures Persist
• Positive Sentiment: Some brokers and value-focused analysts still call NKE a buy on a beaten-up valuation and strong balance sheet — supporting a potential buy‑the‑dip case for long‑term investors. With Nike Stock Deep in Oversold Territory, Should You Buy the Dip?
• Neutral Sentiment: Technicals show heavy selling (volume spikes, oversold indicators), which can lead to short‑term bounces or further weakness depending on next‑quarter guidance and investor positioning. Down 75% From Its High, How Much Lower Can Nike Get?
• Negative Sentiment: Weak guidance was the primary catalyst — Nike forecast revenue down in the coming quarter (management signaled sales declines and extended recovery timing), which triggered the selloff as investors reprice a slower turnaround. Nike Stock Plunges As Weak China Sales Guidance Rattles Investors
• Negative Sentiment: Greater China remains a major drag (management flagged a sharp China sales decline), and margin pressure from tariffs, promotions and restructuring raises near‑term profit risk. NIKE’s Gross Margin Drag & Tariff Costs Loom: Can It Protect Profits?
• Negative Sentiment: Wall Street reaction has included numerous price‑target cuts and downgrades alongside a new shareholder litigation inquiry into disclosures about the turnaround and DTC strategy — additional reputational and legal risk. Kuehn Law Encourages Investors of Nike, Inc. to Contact Law Firm

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).