Royal Bank Of Canada Reiterates Buy Rating for NIKE (NYSE:NKE)

NIKE (NYSE:NKE)‘s stock had its “buy” rating reissued by investment analysts at Royal Bank Of Canada in a report issued on Wednesday,MarketScreener reports.

Other research analysts also recently issued reports about the company. Piper Sandler decreased their price objective on NIKE from $75.00 to $60.00 and set an “overweight” rating for the company in a report on Wednesday. Daiwa Securities Group reduced their price target on NIKE from $75.00 to $61.00 in a research report on Tuesday, December 23rd. Wells Fargo & Company decreased their price target on shares of NIKE from $65.00 to $55.00 and set an “overweight” rating for the company in a research note on Wednesday. Jefferies Financial Group reiterated a “buy” rating on shares of NIKE in a report on Thursday, March 12th. Finally, Berenberg Bank reissued a “neutral” rating and issued a $70.00 price objective on shares of NIKE in a research report on Friday, December 19th. Nineteen research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $63.42.

NIKE Trading Down 1.0%

NKE opened at $44.20 on Wednesday. The stock has a market capitalization of $65.43 billion, a P/E ratio of 29.27, a P/E/G ratio of 2.35 and a beta of 1.31. 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 has a 12 month low of $43.17 and a 12 month high of $80.17. The firm’s fifty day simple moving average is $58.84 and its 200 day simple moving average is $63.39.

NIKE (NYSE:NKE) last released its earnings results on Tuesday, March 31st. The footwear maker reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.06. NIKE had a return on equity of 16.41% and a net margin of 4.84%.The firm had revenue of $11.28 billion during the quarter, compared to analysts’ expectations of $11.23 billion. During the same quarter in the prior year, the company earned $0.54 EPS. The company’s revenue was up .1% on a year-over-year basis. As a group, research analysts anticipate that NIKE will post 2.05 EPS for the current fiscal year.

Institutional Trading of NIKE

A number of hedge funds have recently modified their holdings of the stock. Brighton Jones LLC grew its stake in NIKE by 388.5% in the 4th quarter. Brighton Jones LLC now owns 202,411 shares of the footwear maker’s stock valued at $15,316,000 after buying an additional 160,980 shares during the last quarter. Caxton Associates LLP acquired a new stake in NIKE during the first quarter worth approximately $311,000. United Bank boosted its holdings in shares of NIKE by 11.3% during the second quarter. United Bank now owns 17,067 shares of the footwear maker’s stock worth $1,212,000 after acquiring an additional 1,736 shares during the period. Edgestream Partners L.P. boosted its holdings in shares of NIKE by 83.6% during the second quarter. Edgestream Partners L.P. now owns 50,759 shares of the footwear maker’s stock worth $3,606,000 after acquiring an additional 23,110 shares during the period. Finally, Arrowstreet Capital Limited Partnership grew its position in shares of NIKE by 410.3% in the second quarter. Arrowstreet Capital Limited Partnership now owns 132,942 shares of the footwear maker’s stock valued at $9,444,000 after purchasing an additional 106,891 shares during 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).