Deutsche Bank Aktiengesellschaft Cuts NIKE (NYSE:NKE) Price Target to $54.00

NIKE (NYSE:NKE) had its price objective decreased by Deutsche Bank Aktiengesellschaft from $67.00 to $54.00 in a report released on Monday,Benzinga reports. Deutsche Bank Aktiengesellschaft currently has a hold rating on the footwear maker’s stock.

Several other analysts also recently issued reports on the stock. Wells Fargo & Company set a $65.00 price objective on shares of NIKE and gave the stock an “overweight” rating in a report on Friday, December 19th. KeyCorp dropped their target price on shares of NIKE from $90.00 to $75.00 and set an “overweight” rating on the stock in a report on Thursday, January 22nd. Barclays upgraded shares of NIKE from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $64.00 to $73.00 in a report on Wednesday, March 11th. Williams Trading lowered their price target on NIKE from $100.00 to $80.00 and set a “buy” rating on the stock in a research report on Friday, December 19th. Finally, Jefferies Financial Group reiterated a “buy” rating on shares of NIKE in a research note on Thursday, March 12th. Twenty-two research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $73.20.

NIKE Stock Down 1.0%

Shares of NIKE stock opened at $52.95 on Monday. NIKE has a 12-month low of $52.17 and a 12-month high of $80.17. The company has a quick ratio of 1.40, a current ratio of 2.06 and a debt-to-equity ratio of 0.50. The stock has a 50 day moving average price of $60.67 and a two-hundred day moving average price of $64.35. The stock has a market capitalization of $78.39 billion, a P/E ratio of 31.15, a PEG ratio of 2.81 and a beta of 1.27.

NIKE Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Monday, March 2nd will be given a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 3.1%. The ex-dividend date is Monday, March 2nd. NIKE’s dividend payout ratio (DPR) is currently 96.47%.

Insider Activity at NIKE

In related news, CEO Elliott Hill bought 16,388 shares of NIKE stock in a transaction that occurred on Monday, December 29th. The stock was acquired at an average price of $61.10 per share, for a total transaction of $1,001,306.80. Following the completion of the purchase, the chief executive officer owned 241,587 shares in the company, valued at approximately $14,760,965.70. This represents a 7.28% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.80% of the company’s stock.

Hedge Funds Weigh In On NIKE

Several large investors have recently added to or reduced their stakes in the company. Main Street Financial Solutions LLC raised its stake in shares of NIKE by 4.2% in the second quarter. Main Street Financial Solutions LLC now owns 3,441 shares of the footwear maker’s stock valued at $244,000 after purchasing an additional 139 shares in the last quarter. St. Clair Advisors LLC boosted its stake in NIKE by 0.9% during the third quarter. St. Clair Advisors LLC now owns 15,217 shares of the footwear maker’s stock worth $1,061,000 after buying an additional 140 shares in the last quarter. Spirepoint Private Client LLC increased its holdings in NIKE by 0.4% in the 3rd quarter. Spirepoint Private Client LLC now owns 36,140 shares of the footwear maker’s stock valued at $2,520,000 after buying an additional 153 shares during the period. Diligent Investors LLC increased its holdings in NIKE by 4.3% in the 4th quarter. Diligent Investors LLC now owns 3,719 shares of the footwear maker’s stock valued at $237,000 after buying an additional 153 shares during the period. Finally, CVA Family Office LLC raised its stake in shares of NIKE by 8.0% in the 3rd quarter. CVA Family Office LLC now owns 2,113 shares of the footwear maker’s stock valued at $147,000 after buying an additional 156 shares in the last quarter. Institutional investors and hedge funds own 64.25% of the company’s stock.

Key NIKE News

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: Bank of America reiterated a Buy on NKE, highlighting “continued progress” in North America and saying improvement there increases confidence in a broader turnaround; BofA also noted potential tailwinds from World Cup product cycles. Article Title
• Neutral Sentiment: Investors are focused on Nike’s March 31 Q3 earnings release; some commentaries frame the pullback (multi?year decline) as a buying opportunity if results show North America momentum. Article Title
• Neutral Sentiment: Market coverage notes a recent intraday bounce (prior session close higher), but volume remains below average and price sits near 52?week lows — suggesting traders are waiting for earnings clarity. Article Title
• Neutral Sentiment: Sector news: competitor On Holding updated leadership amid slowing growth — a reminder of competitive pressures in athletic footwear. Article Title
• Negative Sentiment: Telsey Advisory Group cut its price target from $72 to $65 and moved to Market Perform, signaling tempered upside expectations from analysts. Article Title
• Negative Sentiment: Previews from analysts (Benzinga) expect Q3 total sales declines and an approximate 200 bps contraction in gross margin, driven by persistent weakness in China — a key near?term risk for results and sentiment. Article Title
• Negative Sentiment: Deutsche Bank issued a pessimistic forecast for NKE, adding downside pressure to sentiment ahead of earnings. Article Title
• Negative Sentiment: Technical/market commentary warns NKE is near a make?or?break support level and could test lower prices if earnings disappoint, increasing downside risk for traders. Article Title

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).