NIKE’s (NKE) “Underweight” Rating Reiterated at JPMorgan Chase & Co.

JPMorgan Chase & Co. reaffirmed their underweight rating on shares of NIKE (NYSE:NKE) in a report issued on Tuesday, Marketbeat.com reports. JPMorgan Chase & Co. currently has a $40.00 price objective on the footwear maker’s stock, down from their previous price objective of $47.00.

NKE has been the subject of several other research reports. Argus raised NIKE to a “strong-buy” rating in a report on Wednesday, July 15th. Barclays dropped their price objective on shares of NIKE from $67.00 to $52.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 1st. Needham & Company LLC restated a “hold” rating on shares of NIKE in a research note on Thursday, June 4th. Oppenheimer reduced their target price on shares of NIKE from $120.00 to $60.00 and set an “outperform” rating for the company in a report on Friday, June 26th. Finally, Wells Fargo & Company decreased their price target on shares of NIKE from $45.00 to $40.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 1st. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, eighteen have assigned a Hold rating and five have assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $53.53.

NIKE Price Performance

NYSE:NKE opened at $41.91 on Tuesday. NIKE has a 12-month low of $40.00 and a 12-month high of $80.17. The firm has a market capitalization of $62.18 billion, a price-to-earnings ratio of 20.05, a P/E/G ratio of 1.88 and a beta of 1.11. The stock’s 50 day moving average price is $43.28 and its two-hundred day moving average price is $49.61. The company has a quick ratio of 1.36, a current ratio of 1.96 and a debt-to-equity ratio of 0.40.

NIKE (NYSE:NKE) last issued its earnings results on Tuesday, June 30th. The footwear maker reported $0.20 EPS for the quarter, topping the consensus estimate of $0.11 by $0.09. The company had revenue of $10.97 billion during the quarter, compared to the consensus estimate of $10.85 billion. NIKE had a return on equity of 16.54% and a net margin of 6.70%.The firm’s revenue for the quarter was down 1.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.14 EPS. On average, analysts anticipate that NIKE will post 1.74 earnings per share for the current year.

Insiders Place Their Bets

In other news, EVP Philip Mccartney sold 17,398 shares of NIKE stock in a transaction on Friday, June 12th. The stock was sold at an average price of $46.18, for a total transaction of $803,439.64. Following the completion of the sale, the executive vice president owned 53,133 shares of the company’s stock, valued at approximately $2,453,681.94. This trade represents a 24.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 1.10% of the stock is owned by insiders.

Hedge Funds Weigh In On NIKE

A number of hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. grew its position in shares of NIKE by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 116,993,541 shares of the footwear maker’s stock worth $7,453,658,000 after purchasing an additional 1,702,342 shares in the last quarter. State Street Corp raised its position in shares of NIKE by 2.2% in the fourth quarter. State Street Corp now owns 59,315,606 shares of the footwear maker’s stock valued at $3,802,807,000 after buying an additional 1,275,494 shares in the last quarter. Capital World Investors boosted its stake in shares of NIKE by 16.2% in the fourth quarter. Capital World Investors now owns 49,069,951 shares of the footwear maker’s stock valued at $3,126,246,000 after buying an additional 6,830,938 shares during the period. J. Stern & Co. LLP boosted its stake 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 period. Finally, Geode Capital Management LLC grew its position in NIKE by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 26,442,879 shares of the footwear maker’s stock worth $1,677,251,000 after buying an additional 233,925 shares in the last quarter. 64.25% of the stock is owned by institutional investors.

Key NIKE News

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: NIKE declared a quarterly dividend of $0.41 per share, payable October 1 to shareholders of record September 1. The payout supports the stock’s income appeal and signals continued confidence in the company’s cash-generation capacity. NIKE Declares Quarterly Dividend
• Positive Sentiment: NIKE is emphasizing performance products, innovation, athlete engagement and sport-focused execution as long-term growth drivers. The strategy could improve product momentum and brand relevance if it translates into stronger demand. NIKE Bets on Performance Products
• Neutral Sentiment: The stock recently posted a 2.22% one-day gain despite a weaker broader market, but that move has not changed the larger picture: shares have fallen sharply in 2026 and are trading close to their 52-week low. NIKE Recent Trading Performance
• Negative Sentiment: JPMorgan cut NIKE to Sell and separately reiterated an Underweight rating, arguing that the turnaround may take longer than expected. The downgrade increases pressure on the shares and highlights concerns about near-term earnings and revenue recovery. JPMorgan Cuts NIKE to Sell
• Negative Sentiment: Investors are reassessing NIKE’s China reset and planned U.S. store closures, which could weigh on revenue, earnings and operating costs before benefits from restructuring emerge. Analysts also contend the stock still appears expensive relative to fair value despite its substantial decline. NIKE China Reset and Store Closures
• Negative Sentiment: NIKE’s underperformance versus the S&P 500 is described as the widest in roughly 25 years, reflecting persistent strategic missteps, limited product innovation and China-related challenges. This reinforces the view that a meaningful recovery will require sustained execution. NIKE Long-Term Underperformance

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).