NIKE (NYSE:NKE) Price Target Cut to $70.00 by Analysts at Argus

NIKE (NYSE:NKE) had its target price dropped by investment analysts at Argus from $85.00 to $70.00 in a research note issued on Tuesday,MarketScreener reports. Argus’ price target would indicate a potential upside of 16.52% from the stock’s previous close.

Other equities analysts have also recently issued reports about the stock. Oppenheimer reaffirmed an “outperform” rating on shares of NIKE in a research note on Wednesday, December 17th. Zacks Research raised NIKE from a “strong sell” rating to a “hold” rating in a research note on Tuesday, August 26th. Needham & Company LLC decreased their target price on NIKE from $78.00 to $68.00 and set a “buy” rating on the stock in a research report on Friday, December 19th. Morgan Stanley set a $72.00 target price on NIKE and gave the company a “positive” rating in a report on Wednesday, October 1st. Finally, Telsey Advisory Group dropped their price target on NIKE from $75.00 to $72.00 and set a “market perform” rating for the company in a research report on Friday, December 19th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, NIKE currently has a consensus rating of “Moderate Buy” and an average target price of $75.84.

NIKE Stock Up 4.8%

NKE opened at $60.08 on Tuesday. NIKE has a 52 week low of $52.28 and a 52 week high of $82.44. The business has a 50 day moving average price of $64.48 and a two-hundred day moving average price of $69.35. 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 company has a market cap of $88.80 billion, a PE ratio of 35.34, a P/E/G ratio of 2.45 and a beta of 1.29.

NIKE (NYSE:NKE) last released its earnings results on Thursday, December 18th. The footwear maker reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.16. NIKE had a return on equity of 18.43% and a net margin of 5.43%.The business had revenue of $12.43 billion for the quarter, compared to analyst estimates of $12.19 billion. During the same quarter in the previous year, the company posted $0.78 earnings per share. The company’s revenue for the quarter was up .6% compared to the same quarter last year. As a group, research analysts anticipate that NIKE will post 2.05 EPS for the current year.

Insider Activity

In other news, Chairman Mark G. Parker sold 86,078 shares of the company’s stock in a transaction on Friday, November 14th. The stock was sold at an average price of $64.80, for a total transaction of $5,577,854.40. Following the completion of the sale, the chairman directly owned 647,615 shares in the company, valued at $41,965,452. This represents a 11.73% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, EVP Treasure Heinle sold 4,300 shares of NIKE stock in a transaction on Monday, October 6th. The shares were sold at an average price of $71.27, for a total value of $306,461.00. Following the completion of the transaction, the executive vice president owned 29,396 shares in the company, valued at $2,095,052.92. The trade was a 12.76% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have acquired a total of 74,841 shares of company stock valued at $4,451,334 in the last ninety days. 0.80% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Mascoma Wealth Management LLC acquired a new position in shares of NIKE during the second quarter worth about $26,000. Halbert Hargrove Global Advisors LLC lifted its position in NIKE by 952.6% during the 2nd quarter. Halbert Hargrove Global Advisors LLC now owns 400 shares of the footwear maker’s stock worth $28,000 after acquiring an additional 362 shares in the last quarter. Saudi Central Bank purchased a new position in NIKE in the 1st quarter worth approximately $30,000. Matrix Trust Co boosted its holdings in NIKE by 53.1% in the second quarter. Matrix Trust Co now owns 441 shares of the footwear maker’s stock valued at $31,000 after purchasing an additional 153 shares during the last quarter. Finally, Twin Peaks Wealth Advisors LLC purchased a new stake in NIKE during the 2nd quarter worth approximately $31,000. 64.25% of the stock is owned by institutional investors and hedge funds.

NIKE News Summary

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: Apple CEO and Nike board member Tim Cook bought ~50,000 shares (~$2.95M), nearly doubling his stake — a high‑visibility insider purchase that boosted investor confidence in management’s turnaround plan. Read More.
• Positive Sentiment: Another director, Robert Holmes Swan, also bought shares (~8,691 shares, ~$500k), adding to the insider accumulation narrative that helped lift sentiment. Read More.
• Positive Sentiment: Brokerage consensus remains constructive: recent aggregation of analyst ratings shows an overall “Moderate Buy”/buy‑leaning view and several buy/overweight calls remain in place, supporting buyers who view weakness as a recovery opportunity. Read More.
• Neutral Sentiment: Unusual options activity — elevated call buying — suggests short‑term speculative interest and hedge/leveraged positioning around the news; this can amplify intraday moves but is not a fundamentals change. (Market data note)
• Negative Sentiment: Analysts and research notes warn of structural headwinds: margin compression, weak China sales and slower turnaround execution could pressure earnings and multiples; some firms have issued downgrades or cautions. Read More.
• Negative Sentiment: Despite a quarterly beat on revenue and EPS, management’s guidance and international weakness (notably China) sparked the recent selloff — the underlying growth and margin story remains uncertain, keeping downside risk if results don’t improve. Read More.

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).