DA Davidson downgraded shares of NIKE (NYSE:NKE – Free Report) from a buy rating to a neutral rating in a report issued on Thursday morning,MarketScreener reports. DA Davidson currently has $46.00 price objective on the footwear maker’s stock, down from their previous price objective of $72.00.
Several other equities analysts also recently weighed in on NKE. Royal Bank Of Canada reaffirmed a “buy” rating on shares of NIKE in a research note on Wednesday. Citigroup lowered their target price on NIKE from $65.00 to $53.00 and set a “neutral” rating on the stock in a report on Wednesday. KeyCorp dropped their price target on NIKE from $90.00 to $75.00 and set an “overweight” rating for the company in a research report on Thursday, January 22nd. Truist Financial cut their price target on NIKE from $69.00 to $57.00 and set a “buy” rating for the company in a research note on Wednesday. Finally, Barclays lowered their price objective on shares of NIKE from $73.00 to $67.00 and set an “overweight” rating on the stock in a research note on Wednesday. Nineteen equities research analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, NIKE presently has a consensus rating of “Moderate Buy” and a consensus price target of $63.42.
View Our Latest Stock Analysis on NKE
NIKE Stock Down 1.0%
NIKE (NYSE:NKE – Get Free Report) last issued its earnings results on Tuesday, March 31st. The footwear maker reported $0.35 earnings per share for the quarter, topping 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 for the quarter, compared to analyst estimates of $11.23 billion. During the same period in the prior year, the business posted $0.54 earnings per share. The firm’s revenue for the quarter was up .1% compared to the same quarter last year. On average, research analysts expect that NIKE will post 2.05 earnings per share for the current fiscal year.
NIKE Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 1st. Investors of record on Monday, March 2nd were paid a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 3.7%. The ex-dividend date was Monday, March 2nd. NIKE’s dividend payout ratio is presently 96.47%.
Institutional Trading of NIKE
Hedge funds have recently added to or reduced their stakes in the business. Cornerstone Financial Management LLC acquired a new position in shares of NIKE during the 4th quarter valued at about $26,000. Sankala Group LLC acquired a new stake in shares of NIKE in the fourth quarter worth approximately $26,000. J.Safra Asset Management Corp purchased a new stake in NIKE in the fourth quarter valued at approximately $29,000. Kemnay Advisory Services Inc. purchased a new stake in NIKE in the fourth quarter valued at approximately $30,000. Finally, Twin Peaks Wealth Advisors LLC acquired a new position in NIKE during the second quarter worth approximately $31,000. 64.25% of the stock is owned by institutional investors and hedge funds.
Key Headlines Impacting NIKE
Here are the key news stories impacting NIKE this week:
- Positive Sentiment: Q3 beat on the headline numbers — EPS topped estimates and management says actions are underway to clear unhealthy inventory, which supports the argument the trough may be in place. NIKE Q3 Earnings & Revenues Top Estimates, Margin Pressures Persist
- Positive Sentiment: Some brokers and value-focused analysts still call NKE a buy on a beaten-up valuation and strong balance sheet — supporting a potential buy‑the‑dip case for long‑term investors. With Nike Stock Deep in Oversold Territory, Should You Buy the Dip?
- Neutral Sentiment: Technicals show heavy selling (volume spikes, oversold indicators), which can lead to short‑term bounces or further weakness depending on next‑quarter guidance and investor positioning. Down 75% From Its High, How Much Lower Can Nike Get?
- Negative Sentiment: Weak guidance was the primary catalyst — Nike forecast revenue down in the coming quarter (management signaled sales declines and extended recovery timing), which triggered the selloff as investors reprice a slower turnaround. Nike Stock Plunges As Weak China Sales Guidance Rattles Investors
- Negative Sentiment: Greater China remains a major drag (management flagged a sharp China sales decline), and margin pressure from tariffs, promotions and restructuring raises near‑term profit risk. NIKE’s Gross Margin Drag & Tariff Costs Loom: Can It Protect Profits?
- Negative Sentiment: Wall Street reaction has included numerous price‑target cuts and downgrades alongside a new shareholder litigation inquiry into disclosures about the turnaround and DTC strategy — additional reputational and legal risk. Kuehn Law Encourages Investors of Nike, Inc. to Contact Law Firm
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).
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