NIKE (NYSE:NKE – Get Free Report) had its price target lowered by stock analysts at Williams Trading from $80.00 to $57.00 in a report released on Wednesday,MarketScreener reports. The firm presently has a “buy” rating on the footwear maker’s stock. Williams Trading’s target price indicates a potential upside of 28.97% from the company’s previous close.
NKE has been the topic of several other research reports. Argus dropped their target price on NIKE from $85.00 to $70.00 in a report on Tuesday, December 23rd. Sanford C. Bernstein reaffirmed a “buy” rating on shares of NIKE in a research note on Thursday, March 5th. BNP Paribas Exane lowered their price target on NIKE from $35.00 to $23.00 and set an “underperform” rating on the stock in a research report on Wednesday. Wells Fargo & Company dropped their price objective on NIKE from $65.00 to $55.00 and set an “overweight” rating on the stock in a research note on Wednesday. Finally, UBS Group decreased their target price on NIKE from $62.00 to $58.00 and set a “neutral” rating for the company in a research note on Thursday, March 19th. Nineteen equities research analysts have rated the stock with a Buy rating, fifteen have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $63.42.
Read Our Latest Stock Analysis on NIKE
NIKE Stock Performance
NIKE (NYSE:NKE – Get Free Report) last released its quarterly earnings results on Tuesday, March 31st. The footwear maker reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.29 by $0.06. The company had revenue of $11.28 billion for the quarter, compared to the consensus estimate of $11.23 billion. NIKE had a net margin of 4.84% and a return on equity of 16.41%. NIKE’s revenue was up .1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.54 EPS. On average, sell-side analysts anticipate that NIKE will post 2.05 earnings per share for the current fiscal year.
Hedge Funds Weigh In On NIKE
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NKE. Mizuho Markets Cayman LP purchased a new position in NIKE during the 3rd quarter valued at about $34,200,000. Exchange Traded Concepts LLC lifted its position in shares of NIKE by 697.5% in the third quarter. Exchange Traded Concepts LLC now owns 228,889 shares of the footwear maker’s stock worth $15,960,000 after purchasing an additional 200,187 shares in the last quarter. Strive Asset Management LLC acquired a new stake in shares of NIKE during the third quarter worth approximately $1,743,000. Soros Fund Management LLC boosted its holdings in shares of NIKE by 33.0% during the second quarter. Soros Fund Management LLC now owns 302,320 shares of the footwear maker’s stock worth $21,477,000 after purchasing an additional 75,000 shares during the period. Finally, Brighton Jones LLC grew its position in NIKE by 54.6% during the third 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 in the last quarter. Institutional investors and hedge funds own 64.25% of the company’s stock.
More 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
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).
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