Brokerages Set NIKE, Inc. (NYSE:NKE) Target Price at $63.42

NIKE, Inc. (NYSE:NKE) has been given an average recommendation of “Moderate Buy” by the thirty-six ratings firms that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, sixteen have issued a hold recommendation and nineteen have issued a buy recommendation on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $63.2515.

Several equities analysts have issued reports on NKE shares. Piper Sandler decreased their price objective on shares of NIKE from $75.00 to $60.00 and set an “overweight” rating for the company in a research note on Wednesday, April 1st. Argus decreased their price objective on shares of NIKE from $85.00 to $70.00 in a research note on Tuesday, December 23rd. Citigroup decreased their price objective on shares of NIKE from $65.00 to $53.00 and set a “neutral” rating for the company in a research note on Wednesday, April 1st. Sanford C. Bernstein reaffirmed a “buy” rating on shares of NIKE in a report on Wednesday, April 1st. Finally, DZ Bank reaffirmed a “buy” rating on shares of NIKE in a report on Thursday, April 2nd.

NIKE Stock Down 0.3%

NIKE stock opened at $44.04 on Friday. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.14 and a quick ratio of 1.40. NIKE has a 1-year low of $43.17 and a 1-year high of $80.17. The stock has a market cap of $65.20 billion, a PE ratio of 29.17, a P/E/G ratio of 2.34 and a beta of 1.31. The stock’s fifty day moving average is $58.01 and its two-hundred day moving average is $62.86.

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, beating the consensus estimate of $0.29 by $0.06. NIKE had a net margin of 4.84% and a return on equity of 16.41%. The company had revenue of $11.28 billion during the quarter, compared to the consensus estimate of $11.23 billion. During the same quarter in the prior year, the firm posted $0.54 earnings per share. NIKE’s revenue for the quarter was up .1% on a year-over-year basis. On average, sell-side analysts expect that NIKE will post 2.05 EPS for the current fiscal year.

NIKE Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 1st. Stockholders of record on Monday, March 2nd were issued a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend was Monday, March 2nd. NIKE’s dividend payout ratio is presently 108.61%.

Institutional Investors Weigh In On NIKE

A number of institutional investors and hedge funds have recently made changes to their positions in NKE. J. Stern & Co. LLP raised its holdings in shares of NIKE by 49,010.4% in 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. Norges Bank purchased a new position in NIKE during the fourth quarter worth about $829,956,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its holdings in NIKE by 3,129.9% during the second 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 in the last quarter. Harris Associates L P purchased a new position in NIKE during the second quarter worth about $621,525,000. Finally, Capital World Investors raised its holdings in NIKE by 16.2% during the fourth quarter. Capital World Investors now owns 49,069,951 shares of the footwear maker’s stock worth $3,126,246,000 after purchasing an additional 6,830,938 shares in the last quarter. 64.25% of the stock is owned by hedge funds and other institutional investors.

NIKE News Summary

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: Company-wide cost-cutting plan: Nike has announced sweeping cost reductions, workforce resizing and a supply-chain reset designed to relieve margin pressure, with management saying benefits should build into FY27 — this gives a visible path to margin recovery if execution holds. Can NIKE’s Cost-Cutting Plan Reignite Profitability in FY27?
• Positive Sentiment: Long-term investor case surfaced: Analysts/commentators argue the sell-off has priced in much of the bad news and highlight specific metrics in the latest quarter that could underpin a multi-year recovery, framing the pullback as a potential buying opportunity for long-term holders. Nike Stock Is Back to Where It Was More Than a Decade Ago…
• Positive Sentiment: Broker support remains in places: DZ Bank has reiterated a Buy on NKE, indicating some sell-side conviction that the company can recover. NIKE’s (NKE) “Buy” Rating Reiterated at DZ Bank
• Neutral Sentiment: Industry context — weaker peers: Allbirds was sold for $39M after closing stores, underscoring stress in the broader sneaker/apparel market that may weigh on consumer demand and pricing dynamics for incumbents like Nike. Allbirds sells for $39M amid tough period for sneaker industry
• Neutral Sentiment: Investor debate — buy the dip vs. bail: Commentators and some investors are weighing whether the recent drop is a generational entry or an indication of deeper structural issues; this keeps volatility and trading volume elevated. Buy the Dip or Bail? One Investor Weighs In on Nike Stock (NKE)
• Negative Sentiment: Analyst downgrades and PT cuts: CICC cut NKE from Outperform to Market Perform and trimmed its PT to $58; DA Davidson and China Renaissance also cut ratings/targets — analyst moves amplify selling pressure. CICC Downgrades NIKE
• Negative Sentiment: Regulatory/legal overhang: A securities investigation by Johnson Fistel into potential investor claims creates additional uncertainty and downside risk. Nike, Inc. Shareholders Are Encouraged to Reach Out to Johnson Fistel
• Negative Sentiment: Recent earnings/guidance fallout: The stock plunged after a weak quarterly print and revised outlook; Nike was among last week’s large-cap losers, fueling momentum selling and lower near-term consensus estimates. Nike, Boston Scientific, And Sysco Are Among Top 10 Large Cap Losers Last Week

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).