NIKE, Inc. (NYSE:NKE) Receives $53.53 Average Price Target from Brokerages

NIKE, Inc. (NYSE:NKE) has received a consensus rating of “Hold” from the thirty-seven research firms that are covering the firm, Marketbeat Ratings reports. Five analysts have rated the stock with a sell recommendation, eighteen have assigned a hold recommendation, thirteen have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $53.5324.

NKE has been the subject of a number of recent analyst reports. Royal Bank Of Canada reaffirmed a “neutral” rating on shares of NIKE in a research report on Wednesday, July 1st. Robert W. Baird reiterated an “outperform” rating and set a $70.00 target price on shares of NIKE in a report on Wednesday, July 1st. Evercore set a $46.00 target price on NIKE and gave the stock an “in-line” rating in a research report on Tuesday, June 23rd. The Goldman Sachs Group lowered their target price on NIKE from $46.00 to $42.00 and set a “neutral” rating for the company in a research note on Wednesday, July 1st. Finally, Barclays dropped their price target on NIKE from $67.00 to $52.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 1st.

Insider Transactions at NIKE

In related news, CFO Matthew Friend sold 2,463 shares of the stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $41.60, for a total value of $102,460.80. Following the completion of the transaction, the chief financial officer directly owned 82,165 shares in the company, valued at $3,418,064. This trade represents a 2.91% decrease in their position. The sale was disclosed in a legal filing 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, insider Amy Montagne sold 4,867 shares of NIKE stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $42.05, for a total transaction of $204,657.35. Following the transaction, the insider directly owned 57,436 shares of the company’s stock, valued at approximately $2,415,183.80. This trade represents a 7.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 26,142 shares of company stock worth $1,169,380. Corporate insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On NIKE

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its position in shares of NIKE by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 116,993,541 shares of the footwear maker’s stock worth $7,453,658,000 after purchasing an additional 1,702,342 shares in the last quarter. State Street Corp increased its position in NIKE by 2.2% during the 4th quarter. State Street Corp now owns 59,315,606 shares of the footwear maker’s stock valued at $3,802,807,000 after buying an additional 1,275,494 shares in the last quarter. Capital World Investors increased its position in NIKE by 16.2% during the 4th quarter. Capital World Investors now owns 49,069,951 shares of the footwear maker’s stock valued at $3,126,246,000 after buying an additional 6,830,938 shares in the last quarter. J. Stern & Co. LLP raised its stake in 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 valued at $3,061,555,000 after buying an additional 47,956,692 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in NIKE by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 26,442,879 shares of the footwear maker’s stock valued at $1,677,251,000 after buying an additional 233,925 shares during the last quarter. Hedge funds and other institutional investors own 64.25% of the company’s stock.

NIKE Price Performance

Shares of NIKE stock opened at $41.29 on Friday. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.96 and a quick ratio of 1.36. NIKE has a one year low of $40.00 and a one year high of $80.17. The business’s 50 day simple moving average is $42.95 and its two-hundred day simple moving average is $48.79. The stock has a market capitalization of $61.26 billion, a P/E ratio of 19.76, a price-to-earnings-growth ratio of 1.80 and a beta of 1.11.

NIKE (NYSE:NKE) last released its quarterly earnings data on Tuesday, June 30th. The footwear maker reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.09. The firm had revenue of $10.97 billion during the quarter, compared to analyst estimates of $10.85 billion. NIKE had a return on equity of 16.54% and a net margin of 6.70%.The business’s quarterly revenue was down 1.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.14 earnings per share. Analysts forecast that NIKE will post 1.74 EPS for the current year.

NIKE Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 1st will be given a dividend of $0.41 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $1.64 annualized dividend and a yield of 4.0%. NIKE’s dividend payout ratio (DPR) is currently 78.47%.

Key Headlines Impacting NIKE

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: NIKE’s fiscal fourth-quarter results reportedly exceeded expectations, with gross-margin improvement helped by anticipated tariff recoveries. Progress on its broader turnaround is supporting the view that profitability could recover, although free cash flow fell sharply to $2.18 billion. Nike: The Market Is Still Underestimating Its Turnaround Potential
• Positive Sentiment: The Equal Employment Opportunity Commission moved to dismiss its subpoena-related case involving NIKE’s diversity, equity and inclusion practices. The development reduces a legal and regulatory overhang, although it does not directly change operating results. Federal Agency Dropping Nike DEI Subpoena
• Neutral Sentiment: NIKE is restructuring its Greater China distribution strategy by cutting ties with thousands of online distributors and concentrating on flagship platforms. The move could improve brand control and pricing over time, but may create near-term sales risk as the company continues losing regional momentum. Nike Turnaround and Greater China Strategy
• Neutral Sentiment: At around $40, some analysts view NKE as fairly valued for a turnaround that still requires improved product innovation, demand and execution. Investors are also awaiting inflation data, which could influence consumer-spending expectations and market interest rates. Nike at $40: A Fair Price for an Unfinished Turnaround
• Neutral Sentiment: The company’s $0.41 quarterly dividend remains attractive, representing an annualized $1.64 payout and an approximate 4% yield. However, the lack of a new increase and NIKE’s reduced share repurchases suggest a more cautious capital-allocation stance. NIKE Dividend: Why a Small Increase Could Be on the Way
• Negative Sentiment: Analyst commentary remains cautious: Zacks Research cut its long-term fiscal 2029 EPS estimate to $2.56 from $2.63 and maintained a “Strong Sell” view. Other analysis argues that full price recovery will take time, while NIKE’s shares remain down substantially over the year. NIKE Analyst and Price Information
• Negative Sentiment: Greater China weakness, competitive pressure and uncertain consumer demand continue to threaten revenue growth. Free-cash-flow deterioration and sharply reduced buybacks further limit near-term shareholder support. An insider’s sale of 4,867 shares adds a modest negative signal, although the executive retained most of her position. NIKE Stock Declines 35% Year to Date

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).