Guggenheim Has Lowered Expectations for NIKE (NYSE:NKE) Stock Price

NIKE (NYSE:NKE) had its price objective cut by equities researchers at Guggenheim from $77.00 to $74.00 in a report issued on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the footwear maker’s stock. Guggenheim’s target price suggests a potential upside of 67.44% from the stock’s current price.

Other analysts have also issued reports about the stock. Sanford C. Bernstein reissued a “buy” rating on shares of NIKE in a research note on Thursday, March 5th. Royal Bank Of Canada reaffirmed an “outperform” rating and issued a $78.00 price target on shares of NIKE in a research note on Thursday, March 5th. Robert W. Baird decreased their price objective on shares of NIKE from $93.00 to $85.00 and set an “outperform” rating for the company in a report on Friday, December 19th. Oppenheimer reissued an “outperform” rating on shares of NIKE in a research report on Wednesday, December 17th. Finally, Jefferies Financial Group restated a “buy” rating on shares of NIKE in a research note on Thursday, March 12th. Nineteen research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $63.42.

NIKE Trading Down 1.0%

NKE opened at $44.20 on Wednesday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.40 and a current ratio of 2.14. The stock’s 50 day moving average price is $58.84 and its 200-day moving average price is $63.39. NIKE has a one year low of $43.17 and a one year high of $80.17. The stock 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.

NIKE (NYSE:NKE) last posted 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 analysts’ expectations of $11.23 billion. NIKE had a return on equity of 16.41% and a net margin of 4.84%.NIKE’s revenue was up .1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.54 EPS. On average, equities analysts forecast that NIKE will post 2.05 EPS for the current year.

Institutional Investors Weigh In On NIKE

Several hedge funds have recently modified their holdings of NKE. Brighton Jones LLC increased its holdings in NIKE by 388.5% during the fourth 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 period. Caxton Associates LLP purchased a new stake in NIKE during the first quarter worth $311,000. United Bank boosted its position in NIKE by 11.3% during the 2nd quarter. United Bank now owns 17,067 shares of the footwear maker’s stock valued at $1,212,000 after acquiring an additional 1,736 shares in the last quarter. Edgestream Partners L.P. boosted its position in NIKE by 83.6% during the 2nd quarter. Edgestream Partners L.P. now owns 50,759 shares of the footwear maker’s stock valued at $3,606,000 after acquiring an additional 23,110 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its holdings in shares of NIKE by 410.3% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 132,942 shares of the footwear maker’s stock valued at $9,444,000 after acquiring an additional 106,891 shares during the period. Hedge funds and other institutional investors own 64.25% of the company’s stock.

Trending Headlines about NIKE

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).