NIKE (NYSE:NKE) Downgraded by CICC Research to Market Perform

CICC Research lowered shares of NIKE (NYSE:NKE) from an outperform rating to a market perform rating in a research report sent to investors on Monday,MarketScreener reports. The brokerage currently has $58.00 price target on the footwear maker’s stock, down from their previous price target of $69.00.

Other equities research analysts have also recently issued reports about the company. Weiss Ratings upgraded NIKE from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Monday, January 12th. Wells Fargo & Company cut their price target on NIKE from $65.00 to $55.00 and set an “overweight” rating for the company in a research note on Wednesday, April 1st. DA Davidson cut NIKE from a “buy” rating to a “neutral” rating and cut their price target for the company from $72.00 to $46.00 in a research note on Thursday, April 2nd. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $52.00 price target on shares of NIKE in a research note on Wednesday, April 1st. Finally, BTIG Research cut their price target on NIKE from $90.00 to $75.00 and set a “buy” rating for the company in a research note on Wednesday, April 1st. Nineteen investment analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $63.25.

NIKE Trading Down 0.3%

Shares of NKE stock opened at $44.04 on Monday. The company has a current ratio of 2.14, a quick ratio of 1.40 and a debt-to-equity ratio of 0.50. The stock has a market cap of $65.20 billion, a P/E ratio of 29.17, a price-to-earnings-growth ratio of 2.34 and a beta of 1.31. The stock has a 50 day simple moving average of $58.01 and a 200 day simple moving average of $62.86. NIKE has a 1 year low of $43.17 and a 1 year high of $80.17.

NIKE (NYSE:NKE) last issued its quarterly earnings results on Tuesday, March 31st. The footwear maker reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.06. The business 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 firm’s revenue for the quarter was up .1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.54 earnings per share. On average, research analysts predict that NIKE will post 2.05 earnings per share for the current fiscal year.

NIKE Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 1st. Shareholders of record on Monday, March 2nd were paid a dividend of $0.41 per share. The ex-dividend date was Monday, March 2nd. This represents a $1.64 annualized dividend and a yield of 3.7%. NIKE’s dividend payout ratio is presently 108.61%.

Institutional Investors Weigh In On NIKE

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Cornerstone Financial Management LLC bought a new stake in NIKE during the fourth quarter worth $26,000. Sankala Group LLC bought a new position in shares of NIKE in the 4th quarter valued at $26,000. J.Safra Asset Management Corp bought a new position in shares of NIKE in the 4th quarter valued at $29,000. Kemnay Advisory Services Inc. bought a new position in shares of NIKE in the 4th quarter valued at $30,000. Finally, Guerra Advisors Inc bought a new position in shares of NIKE in the 3rd quarter valued at $34,000. 64.25% of the stock is currently owned by institutional investors.

NIKE News Roundup

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: Company-wide cost-cutting plan: Nike has announced sweeping cost reductions, workforce resizing and a supply-chain reset designed to relieve margin pressure, with management saying benefits should build into FY27 — this gives a visible path to margin recovery if execution holds. Can NIKE’s Cost-Cutting Plan Reignite Profitability in FY27?
• Positive Sentiment: Long-term investor case surfaced: Analysts/commentators argue the sell-off has priced in much of the bad news and highlight specific metrics in the latest quarter that could underpin a multi-year recovery, framing the pullback as a potential buying opportunity for long-term holders. Nike Stock Is Back to Where It Was More Than a Decade Ago…
• Positive Sentiment: Broker support remains in places: DZ Bank has reiterated a Buy on NKE, indicating some sell-side conviction that the company can recover. NIKE’s (NKE) “Buy” Rating Reiterated at DZ Bank
• Neutral Sentiment: Industry context — weaker peers: Allbirds was sold for $39M after closing stores, underscoring stress in the broader sneaker/apparel market that may weigh on consumer demand and pricing dynamics for incumbents like Nike. Allbirds sells for $39M amid tough period for sneaker industry
• Neutral Sentiment: Investor debate — buy the dip vs. bail: Commentators and some investors are weighing whether the recent drop is a generational entry or an indication of deeper structural issues; this keeps volatility and trading volume elevated. Buy the Dip or Bail? One Investor Weighs In on Nike Stock (NKE)
• Negative Sentiment: Analyst downgrades and PT cuts: CICC cut NKE from Outperform to Market Perform and trimmed its PT to $58; DA Davidson and China Renaissance also cut ratings/targets — analyst moves amplify selling pressure. CICC Downgrades NIKE
• Negative Sentiment: Regulatory/legal overhang: A securities investigation by Johnson Fistel into potential investor claims creates additional uncertainty and downside risk. Nike, Inc. Shareholders Are Encouraged to Reach Out to Johnson Fistel
• Negative Sentiment: Recent earnings/guidance fallout: The stock plunged after a weak quarterly print and revised outlook; Nike was among last week’s large-cap losers, fueling momentum selling and lower near-term consensus estimates. Nike, Boston Scientific, And Sysco Are Among Top 10 Large Cap Losers Last Week

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).