NIKE (NYSE:NKE) Price Target Cut to $51.00 by Analysts at Deutsche Bank Aktiengesellschaft

NIKE (NYSE:NKE) had its target price lowered by Deutsche Bank Aktiengesellschaft from $54.00 to $51.00 in a research report sent to investors on Wednesday morning,MarketScreener reports. The brokerage currently has a hold rating on the footwear maker’s stock.

NKE has been the subject of several other reports. UBS Group lowered their price target on shares of NIKE from $62.00 to $58.00 and set a “neutral” rating for the company in a report on Thursday, March 19th. Piper Sandler cut their price objective on NIKE from $75.00 to $60.00 and set an “overweight” rating on the stock in a report on Wednesday. KeyCorp reduced their price objective on NIKE from $90.00 to $75.00 and set an “overweight” rating on the stock in a research report on Thursday, January 22nd. Royal Bank Of Canada reaffirmed a “buy” rating on shares of NIKE in a report on Wednesday. Finally, Truist Financial dropped their target price on NIKE from $69.00 to $57.00 and set a “buy” rating for the company in a research report on Wednesday. Nineteen investment analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, NIKE currently has an average rating of “Moderate Buy” and an average target price of $64.43.

NIKE Trading Down 15.3%

Shares of NIKE stock opened at $44.72 on Wednesday. The firm has a market capitalization of $66.21 billion, a PE ratio of 29.62, a price-to-earnings-growth ratio of 2.78 and a beta of 1.31. The company has a current ratio of 2.06, a quick ratio of 1.40 and a debt-to-equity ratio of 0.50. The firm’s 50 day moving average is $59.27 and its 200 day moving average is $63.53. NIKE has a 1 year low of $44.56 and a 1 year high of $80.17.

NIKE (NYSE:NKE) last released its quarterly earnings data on Tuesday, March 31st. The footwear maker reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.29 by $0.06. The business had revenue of $11.28 billion during the quarter, compared to analysts’ expectations of $11.23 billion. NIKE had a net margin of 4.84% and a return on equity of 16.56%. The firm’s quarterly revenue was up .1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.54 EPS. Equities research analysts forecast that NIKE will post 2.05 earnings per share for the current fiscal year.

NIKE Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 1st. Stockholders of record on Monday, March 2nd were issued a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date was Monday, March 2nd. NIKE’s payout ratio is 96.47%.

Institutional Trading of NIKE

A number of institutional investors and hedge funds have recently bought and sold shares of NKE. Cornerstone Financial Management LLC acquired a new position in NIKE during the 4th quarter worth about $26,000. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of NIKE in the second quarter valued at about $31,000. Sankala Group LLC acquired a new stake in shares of NIKE in the fourth quarter valued at about $26,000. J.Safra Asset Management Corp bought a new position in shares of NIKE during the fourth quarter worth about $29,000. Finally, Kemnay Advisory Services Inc. acquired a new position in shares of NIKE in the fourth quarter worth approximately $30,000. 64.25% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting NIKE

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: Q3 beat on the headlines — NIKE reported $11.28B in revenue and $0.35 EPS, modestly above consensus, showing the turnaround program is producing some topline stability and earnings beats. Business Wire: NIKE Q3 release
• Positive Sentiment: Product and regional pockets of strength — North America and running categories showed improvement, supporting management’s claim that parts of the turnaround are working. Reuters: Q3 sales beat
• Neutral Sentiment: Mixed analyst reaction — Several firms cut price targets and ratings while others reaffirmed buys; the street is divided on timing and magnitude of the recovery. Expect more target revisions as guidance is digested. Benzinga: analyst cuts
• Negative Sentiment: Weak guidance is the main driver — NIKE guided Q4 revenue lower (management now expects a decline rather than growth), signaling the turnaround will take longer and removing near‑term certainty. CNBC: guidance and turnaround outlook
• Negative Sentiment: China slump — management projects a sharp drop in Greater China sales (around the guidance window), worsening a key market and pressuring revenue and margin recovery. Invezz: China sales impact
• Negative Sentiment: Margin and cost headwinds — tariffs, promotions and inventory cleanup weighed on gross margin and guidance for margin recovery is delayed, increasing near‑term earnings risk. Zacks: margin pressures
• Negative Sentiment: Market reaction and analyst downgrades — heavy trading, multiple price‑target cuts and downgrades accelerated the selloff and pushed the stock to multi‑year/52‑week lows. Investopedia: stock reaction

About NIKE

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).