NIKE (NYSE:NKE) Stock Price Target Lowered at Citigroup

NIKE (NYSE:NKE) had its target price cut by research analysts at Citigroup from $39.00 to $32.00 in a note issued to investors on Friday, Benzinga reports. The brokerage presently has a “neutral” rating on the footwear maker’s stock. Citigroup’s price target suggests a potential downside of 4.67% from the company’s current price.

Several other research firms have also issued reports on NKE. Rothschild & Co Redburn cut their price target on NIKE from $45.00 to $37.00 and set a “sell” rating for the company in a report on Friday, July 17th. Telsey Advisory Group set a $35.00 price target on shares of NIKE in a report on Friday. Benchmark upgraded NIKE to a “hold” rating in a research report on Tuesday, September 22nd. Sanford C. Bernstein reiterated an “outperform” rating and issued a $45.00 price target on shares of NIKE in a report on Friday. Finally, Robert W. Baird dropped their price objective on NIKE from $44.00 to $36.00 and set a “neutral” rating for the company in a report on Friday. One analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, twenty-two have assigned a Hold rating and seven have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $41.86.

NIKE Stock Down 4.5%

NKE stock traded down $1.58 during midday trading on Friday, hitting $33.57. The stock had a trading volume of 103,171,494 shares, compared to its average volume of 23,907,123. NIKE has a 52-week low of $31.97 and a 52-week high of $74.78. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.96 and a quick ratio of 1.36. The business has a 50-day moving average of $39.04 and a two-hundred day moving average of $42.94. The firm has a market cap of $49.80 billion, a price-to-earnings ratio of 16.00, a price-to-earnings-growth ratio of 2.43 and a beta of 1.09.

NIKE (NYSE:NKE) last released its quarterly earnings data on Thursday, October 1st. The footwear maker reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.05. The business had revenue of $11.21 billion during the quarter, compared to analyst estimates of $11.32 billion. NIKE had a net margin of 6.70% and a return on equity of 16.54%. NIKE’s revenue was down 4.3% compared to the same quarter last year. During the same period last year, the business earned $0.49 EPS. NIKE has set its FY 2027 guidance at 1.150-1.350 EPS. As a group, equities research analysts forecast that NIKE will post 1.61 earnings per share for the current fiscal year.

Insider Activity

In other news, COO Venkatesh Alagirisamy sold 3,671 shares of the firm’s stock in a transaction on Wednesday, September 9th. The stock was sold at an average price of $37.59, for a total value of $137,992.89. Following the completion of the sale, the chief operating officer owned 104,862 shares of the company’s stock, valued at $3,941,762.58. This trade represents a 3.38% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Philip McCartney sold 2,559 shares of the company’s stock in a transaction dated Wednesday, September 9th. The shares were sold at an average price of $37.59, for a total value of $96,192.81. Following the transaction, the executive vice president directly owned 78,121 shares in the company, valued at $2,936,568.39. This represents a 3.17% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 14,974 shares of company stock valued at $600,126 over the last three months. Company insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On NIKE

Large investors have recently modified their holdings of the business. State Street Corp boosted its stake in NIKE by 2.2% in the 4th quarter. State Street Corp now owns 59,315,606 shares of the footwear maker’s stock worth $3,802,807,000 after purchasing an additional 1,275,494 shares in the last quarter. Capital World Investors raised its holdings in shares of NIKE by 16.2% in the fourth quarter. Capital World Investors now owns 49,069,951 shares of the footwear maker’s stock worth $3,126,246,000 after buying an additional 6,830,938 shares during the last quarter. J. Stern & Co. LLP lifted its stake in shares of NIKE by 49,010.4% during the fourth quarter. J. Stern & Co. LLP now owns 48,054,542 shares of the footwear maker’s stock worth $3,061,555,000 after buying an additional 47,956,692 shares during the period. Janus Henderson Group PLC lifted its stake in shares of NIKE by 12.5% during the fourth quarter. Janus Henderson Group PLC now owns 7,887,609 shares of the footwear maker’s stock worth $502,537,000 after buying an additional 874,662 shares during the period. Finally, Flossbach Von Storch SE purchased a new stake in shares of NIKE during the second quarter valued at $488,714,000. 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: NIKE reported fiscal first-quarter adjusted earnings of $0.48 per share, above the $0.43 analyst consensus. Management also introduced the Pace restructuring program, targeting approximately $2.5 billion in savings, which could improve efficiency over time. NIKE fiscal 2027 first-quarter results
• Positive Sentiment: Demand for new products remains a potential catalyst: Nike’s Caitlin 1 signature shoe reportedly approached a sellout shortly after launch. The dividend yield has also risen to nearly 5% following the stock’s prolonged decline, potentially attracting income-focused investors. Nike Caitlin 1 shoe sales
• Neutral Sentiment: Analyst opinion remains divided. BTIG maintained a Buy rating despite lowering its target to $50, while Baird, Stifel and Needham retained neutral or Hold views with reduced targets. JPMorgan moved to Underweight and cut its target to $33, reflecting limited confidence in a near-term recovery.
• Negative Sentiment: Quarterly revenue fell 4.3% year over year to $11.21 billion, missing the $11.32 billion consensus. The larger concern was fiscal 2027 guidance: management expects revenue to decline by a high-single-digit percentage and adjusted EPS of $1.15–$1.35, well below analysts’ roughly $1.66 estimate. Nike sales forecast and job cuts
• Negative Sentiment: Management warned that Greater China, Sportswear and Jordan remain under pressure as local competitors and changing consumer preferences weigh on demand. Additional layoffs and restructuring plans reinforce investor concerns that the turnaround is worsening before it improves.

About NIKE

NIKE, Inc is a global sportswear company that designs, develops, markets and sells athletic footwear, apparel, equipment, accessories and related services. Its products are marketed under the NIKE, Jordan and Converse brands and are used across a broad range of sports and lifestyle activities, including running, basketball, football, training and outdoor pursuits.

The company distributes its products through a combination of wholesale partners, NIKE-owned retail stores and digital platforms.