Telsey Advisory Group Trims NIKE (NYSE:NKE) Target Price to $96.00

NIKE (NYSE:NKE) had its price target decreased by Telsey Advisory Group from $100.00 to $96.00 in a research note released on Wednesday, MarketBeat reports. Telsey Advisory Group currently has an outperform rating on the footwear maker’s stock. Telsey Advisory Group also issued estimates for NIKE’s Q2 2025 earnings at $0.63 EPS, Q3 2025 earnings at $0.46 EPS, Q4 2025 earnings at $0.75 EPS, FY2025 earnings at $2.55 EPS, Q1 2026 earnings at $0.80 EPS, Q2 2026 earnings at $0.81 EPS, Q3 2026 earnings at $0.65 EPS, Q4 2026 earnings at $0.95 EPS and FY2026 earnings at $3.20 EPS.

A number of other analysts have also commented on NKE. Raymond James restated a market perform rating on shares of NIKE in a report on Friday, June 28th. TD Cowen cut their target price on NIKE from $75.00 to $71.00 and set a hold rating on the stock in a research note on Thursday, July 25th. Truist Financial raised their price target on shares of NIKE from $81.00 to $85.00 and gave the stock a hold rating in a research note on Friday, September 20th. Oppenheimer reissued an outperform rating and issued a $120.00 price objective on shares of NIKE in a research report on Friday, June 28th. Finally, JPMorgan Chase & Co. reduced their target price on shares of NIKE from $83.00 to $80.00 and set a neutral rating for the company in a report on Monday, September 23rd. Fifteen research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of Moderate Buy and a consensus price target of $96.04.

NIKE Price Performance

NYSE NKE opened at $82.25 on Wednesday. The company has a debt-to-equity ratio of 0.55, a quick ratio of 1.69 and a current ratio of 2.40. The stock has a market cap of $124.14 billion, a price-to-earnings ratio of 22.05, a PEG ratio of 2.30 and a beta of 1.02. The business has a 50 day simple moving average of $80.90 and a 200 day simple moving average of $86.15. NIKE has a 52-week low of $70.75 and a 52-week high of $123.39.

NIKE (NYSE:NKE) last issued its quarterly earnings data on Tuesday, October 1st. The footwear maker reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.18. The company had revenue of $11.59 billion during the quarter, compared to the consensus estimate of $11.64 billion. NIKE had a net margin of 11.10% and a return on equity of 42.63%. The firm’s revenue was down 10.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.94 earnings per share. Analysts anticipate that NIKE will post 3.04 earnings per share for the current fiscal year.

NIKE Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Shareholders of record on Tuesday, September 3rd were issued a $0.37 dividend. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $1.48 annualized dividend and a yield of 1.80%. NIKE’s dividend payout ratio is currently 39.68%.

Insiders Place Their Bets

In other news, Chairman Mark G. Parker sold 52,487 shares of the stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $78.00, for a total transaction of $4,093,986.00. Following the transaction, the chairman now owns 1,031,226 shares in the company, valued at approximately $80,435,628. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other NIKE news, Chairman Mark G. Parker sold 110,000 shares of the business’s stock in a transaction dated Thursday, July 18th. The shares were sold at an average price of $72.97, for a total value of $8,026,700.00. Following the completion of the sale, the chairman now owns 1,102,090 shares of the company’s stock, valued at $80,419,507.30. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Chairman Mark G. Parker sold 52,487 shares of the stock in a transaction that occurred on Wednesday, August 14th. The stock was sold at an average price of $78.00, for a total transaction of $4,093,986.00. Following the transaction, the chairman now owns 1,031,226 shares in the company, valued at approximately $80,435,628. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 0.50% of the company’s stock.

Institutional Investors Weigh In On NIKE

Institutional investors have recently made changes to their positions in the stock. Eagle Asset Management Inc. raised its stake in NIKE by 19.2% in the fourth quarter. Eagle Asset Management Inc. now owns 7,816 shares of the footwear maker’s stock valued at $849,000 after purchasing an additional 1,257 shares in the last quarter. Jones Financial Companies Lllp raised its position in shares of NIKE by 3.6% in the 4th quarter. Jones Financial Companies Lllp now owns 3,662 shares of the footwear maker’s stock valued at $398,000 after buying an additional 126 shares in the last quarter. Belpointe Asset Management LLC lifted its holdings in shares of NIKE by 35.6% during the 4th quarter. Belpointe Asset Management LLC now owns 3,254 shares of the footwear maker’s stock worth $353,000 after acquiring an additional 855 shares during the period. Morningstar Investment Management LLC acquired a new stake in shares of NIKE during the 4th quarter worth approximately $375,000. Finally, Cetera Advisor Networks LLC boosted its position in shares of NIKE by 8.9% during the 4th quarter. Cetera Advisor Networks LLC now owns 111,481 shares of the footwear maker’s stock worth $12,103,000 after acquiring an additional 9,131 shares in the last quarter. 64.25% of the stock is currently owned by institutional investors.

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.