NIKE’s (NKE) Neutral Rating Reiterated at Royal Bank Of Canada

NIKE (NYSE:NKE)‘s stock had its “neutral” rating restated by Royal Bank Of Canada in a research note issued to investors on Wednesday,MarketScreener reports.

A number of other analysts have also issued reports on NKE. Deutsche Bank Aktiengesellschaft decreased their price target on NIKE from $51.00 to $43.00 and set a “hold” rating on the stock in a research note on Friday, June 26th. DZ Bank reaffirmed a “buy” rating on shares of NIKE in a research report on Tuesday, April 21st. Piper Sandler cut their price objective on NIKE from $50.00 to $45.00 and set a “neutral” rating on the stock in a report on Wednesday. UBS Group set a $50.00 price target on shares of NIKE and gave the company a “neutral” rating in a report on Wednesday, June 10th. Finally, Stifel Nicolaus set a $45.00 price objective on shares of NIKE in a research note on Wednesday. Fourteen equities research analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat.com, NIKE has a consensus rating of “Hold” and a consensus price target of $56.16.

NIKE Trading Up 3.6%

NKE traded up $1.47 during trading on Wednesday, hitting $42.52. The company’s stock had a trading volume of 15,442,622 shares, compared to its average volume of 20,736,977. The firm’s 50 day moving average price is $44.01 and its 200-day moving average price is $53.56. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.14 and a quick ratio of 1.45. The stock has a market cap of $62.96 billion, a PE ratio of 27.94, a PEG ratio of 1.81 and a beta of 1.12. NIKE has a twelve month low of $40.00 and a twelve month high of $80.17.

NIKE (NYSE:NKE) last posted its quarterly earnings data on Tuesday, March 31st. The footwear maker reported $0.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.29 by $0.06. The business had revenue of $11.28 billion for the quarter, compared to analysts’ expectations of $11.23 billion. NIKE had a return on equity of 16.41% and a net margin of 4.84%.The business’s revenue was up .1% on a year-over-year basis. During the same quarter last year, the firm earned $0.54 earnings per share. On average, analysts expect that NIKE will post 1.49 earnings per share for the current year.

Insider Transactions at NIKE

In other news, Director Robert Holmes Swan acquired 11,781 shares of NIKE stock in a transaction that occurred on Tuesday, April 7th. The shares were purchased at an average cost of $42.44 per share, for a total transaction of $499,985.64. Following the completion of the purchase, the director directly owned 55,074 shares of the company’s stock, valued at $2,337,340.56. This trade represents a 27.21% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Elliott Hill bought 23,660 shares of the company’s stock in a transaction on Monday, April 13th. The shares were acquired at an average cost of $42.27 per share, for a total transaction of $1,000,108.20. Following the completion of the acquisition, the chief executive officer directly owned 265,247 shares of the company’s stock, valued at $11,211,990.69. This trade represents a 9.79% increase in their position. The SEC filing for this purchase provides additional information. Insiders purchased 64,441 shares of company stock valued at $2,734,204 over the last 90 days. Corporate insiders own 0.80% of the company’s stock.

Institutional Trading of NIKE

A number of institutional investors and hedge funds have recently made changes to their positions in NKE. VectorGlobal IAG Inc. acquired a new position in NIKE during the 1st quarter valued at approximately $248,000. Hamilton Wealth LLC acquired a new position in NIKE during the 1st quarter valued at about $300,000. Sapient Capital LLC raised its holdings in shares of NIKE by 4.2% during the first quarter. Sapient Capital LLC now owns 8,233 shares of the footwear maker’s stock valued at $439,000 after buying an additional 331 shares during the last quarter. Western Wealth Management LLC increased its position in NIKE by 98.4% in the 1st quarter. Western Wealth Management LLC now owns 33,030 shares of the footwear maker’s stock valued at $1,745,000 after acquiring an additional 16,383 shares during the period. Finally, E Wealth Partners LLC acquired a new position in NIKE during the 1st quarter worth $279,000. 64.25% of the stock is currently owned by institutional investors and hedge funds.

NIKE News Summary

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: NIKE beat Wall Street’s Q4 EPS and revenue estimates, with higher gross and operating profit helped by better margins and a tariff refund. Article Title
• Positive Sentiment: Several analysts still see upside from current levels, including BTIG’s reiterated Buy and Barclays’ Overweight rating, even after multiple price-target cuts. Article Title
• Neutral Sentiment: Management is prioritizing margin recovery, inventory discipline, and sport-led execution, which may help the medium-term turnaround but does not change the near-term sales slowdown. Article Title
• Negative Sentiment: China remains a major headwind, with sales there down about 12%, and broader demand remains weak in key regions such as Greater China and Europe. Article Title
• Negative Sentiment: NIKE lowered investor expectations with a cautious outlook, saying the turnaround is taking longer and warning that sales are still struggling, which is driving the stock lower in premarket trading. Article Title
• Negative Sentiment: Multiple brokerages cut price targets after the report, including JPMorgan, Piper Sandler, Bank of America, Barclays, and Wells Fargo, reinforcing caution around the stock. Article Title

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).