NIKE (NYSE:NKE) Price Target Cut to $54.00 by Analysts at UBS Group

NIKE (NYSE:NKE) had its price target reduced by UBS Group from $58.00 to $54.00 in a research report report published on Wednesday morning,MarketScreener Latest Ratings reports. They currently have a neutral rating on the footwear maker’s stock.

A number of other research firms also recently issued reports on NKE. Jefferies Financial Group cut their target price on shares of NIKE from $110.00 to $90.00 and set a “buy” rating for the company in a research report on Wednesday. Argus dropped their price target on shares of NIKE from $85.00 to $70.00 in a research note on Tuesday, December 23rd. Piper Sandler cut their price objective on NIKE from $75.00 to $60.00 and set an “overweight” rating for the company in a report on Wednesday. Raymond James Financial reiterated a “market perform” rating on shares of NIKE in a report on Monday, December 15th. Finally, Evercore reduced their price objective on NIKE from $69.00 to $57.00 and set an “outperform” rating for the company in a research report on Wednesday. Nineteen research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $64.43.

NIKE Price Performance

Shares of NKE opened at $44.72 on Wednesday. The business’s 50-day moving average is $59.27 and its 200-day moving average is $63.53. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.06 and a quick ratio of 1.40. The company has a market capitalization of $66.21 billion, a price-to-earnings ratio of 29.62, a P/E/G ratio of 2.78 and a beta of 1.31. NIKE has a fifty-two week low of $44.56 and a fifty-two week high of $80.17.

NIKE (NYSE:NKE) last posted its quarterly earnings results on Tuesday, March 31st. The footwear maker reported $0.35 EPS 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 16.56%. The business had revenue of $11.28 billion during the quarter, compared to analysts’ expectations of $11.23 billion. During the same period last year, the company posted $0.54 earnings per share. The firm’s quarterly revenue was up .1% compared to the same quarter last year. Equities research analysts expect that NIKE will post 2.05 EPS for the current fiscal year.

NIKE Dividend Announcement

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

Institutional Investors Weigh In On NIKE

Several institutional investors and hedge funds have recently modified their holdings of the business. Cornerstone Financial Management LLC acquired a new position in NIKE during the fourth quarter worth $26,000. Sankala Group LLC acquired a new stake in shares of NIKE in the fourth quarter worth about $26,000. J.Safra Asset Management Corp acquired a new stake in shares of NIKE in the fourth quarter worth about $29,000. Kemnay Advisory Services Inc. bought a new stake in shares of NIKE during the 4th quarter worth about $30,000. Finally, Twin Peaks Wealth Advisors LLC bought a new stake in shares of NIKE during the 2nd quarter worth about $31,000. Institutional investors and hedge funds own 64.25% of the company’s stock.

NIKE News Roundup

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).