Telsey Advisory Group Reiterates “Market Perform” Rating for NIKE (NYSE:NKE)

Telsey Advisory Group reiterated their market perform rating on shares of NIKE (NYSE:NKE) in a research report sent to investors on Wednesday,Benzinga reports. Telsey Advisory Group currently has a $75.00 price objective on the footwear maker’s stock. Telsey Advisory Group also issued estimates for NIKE’s Q2 2026 earnings at $0.36 EPS, Q3 2026 earnings at $0.44 EPS, Q4 2026 earnings at $0.36 EPS, FY2026 earnings at $1.66 EPS, Q1 2027 earnings at $0.71 EPS, Q2 2027 earnings at $0.64 EPS, Q3 2027 earnings at $0.62 EPS and Q4 2027 earnings at $0.53 EPS.

NKE has been the subject of several other research reports. JPMorgan Chase & Co. upgraded shares of NIKE from a “neutral” rating to an “overweight” rating and increased their target price for the company from $64.00 to $93.00 in a research note on Monday, July 28th. UBS Group set a $71.00 price target on shares of NIKE and gave the stock a “neutral” rating in a research note on Friday, September 19th. Jefferies Financial Group restated a “buy” rating and set a $115.00 price target on shares of NIKE in a research note on Monday, September 29th. Wall Street Zen upgraded shares of NIKE from a “sell” rating to a “hold” rating in a research note on Saturday, September 6th. Finally, Needham & Company LLC raised their price target on shares of NIKE from $66.00 to $78.00 and gave the stock a “buy” rating in a research note on Friday, June 27th. Three research analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $81.57.

NIKE Stock Down 3.4%

NYSE NKE opened at $72.01 on Wednesday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.50 and a current ratio of 2.19. The firm has a 50-day simple moving average of $74.62 and a 200 day simple moving average of $67.31. NIKE has a twelve month low of $52.28 and a twelve month high of $84.76. The stock has a market cap of $106.34 billion, a PE ratio of 36.93, a PEG ratio of 2.75 and a beta of 1.29.

NIKE (NYSE:NKE) last released its earnings results on Tuesday, September 30th. The footwear maker reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.22. NIKE had a net margin of 6.23% and a return on equity of 21.16%. The business had revenue of $11.72 billion during the quarter, compared to analysts’ expectations of $10.96 billion. During the same quarter last year, the company earned $0.70 earnings per share. The firm’s revenue was up 1.0% on a year-over-year basis. On average, research analysts forecast that NIKE will post 2.05 EPS for the current year.

NIKE Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders of record on Tuesday, September 2nd were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend was Tuesday, September 2nd. NIKE’s payout ratio is presently 82.05%.

Insider Activity at NIKE

In other news, Chairman Mark G. Parker sold 110,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 16th. The stock was sold at an average price of $72.29, for a total value of $7,951,900.00. Following the transaction, the chairman directly owned 842,361 shares of the company’s stock, valued at $60,894,276.69. The trade was a 11.55% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.80% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of NKE. Goldman Sachs Group Inc. boosted its holdings in shares of NIKE by 344.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 26,698,835 shares of the footwear maker’s stock worth $1,694,842,000 after acquiring an additional 20,688,013 shares in the last quarter. Norges Bank bought a new position in NIKE in the 2nd quarter worth approximately $835,063,000. Wellington Management Group LLP raised its position in NIKE by 24.9% in the 1st quarter. Wellington Management Group LLP now owns 45,383,916 shares of the footwear maker’s stock worth $2,880,971,000 after purchasing an additional 9,043,180 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its position in NIKE by 3,129.9% in the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 9,091,426 shares of the footwear maker’s stock worth $645,855,000 after purchasing an additional 8,809,950 shares during the last quarter. Finally, Harris Associates L P bought a new position in NIKE in the 2nd quarter worth approximately $621,525,000. 64.25% of the stock is owned by institutional investors and hedge funds.

About NIKE

NIKE, Inc, together with its subsidiaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, accessories, and services worldwide. The company provides athletic and casual footwear, apparel, and accessories under the Jumpman trademark; and casual sneakers, apparel, and accessories under the Converse, Chuck Taylor, All Star, One Star, Star Chevron, and Jack Purcell trademarks.