NIKE (NYSE:NKE) Stock Price Target Lowered at The Goldman Sachs Group

NIKE (NYSE:NKE) had its price target lowered by The Goldman Sachs Group from $42.00 to $38.00 in a research note published on Friday. The brokerage currently has a neutral rating on the footwear maker’s stock.

A number of other analysts have also recently commented on NKE. Oppenheimer set a $52.00 price objective on NIKE and gave the company an “outperform” rating in a research report on Wednesday. Citigroup cut NIKE from a “neutral” rating to a “negative” rating in a research report on Monday, September 14th. China Renaissance cut their price target on NIKE from $50.30 to $47.30 and set a “hold” rating for the company in a research note on Thursday, July 2nd. BTIG Research reaffirmed a “buy” rating and set a $55.00 price target on shares of NIKE in a research report on Wednesday. Finally, BNP Paribas Exane reiterated an “underperform” rating on shares of NIKE in a research note on Wednesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, twenty-one have given a Hold rating and seven have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $47.80.

NIKE Trading Down 0.6%

Shares of NYSE NKE opened at $35.77 on Friday. The firm’s 50 day moving average price is $39.58 and its 200-day moving average price is $43.57. NIKE has a 52-week low of $35.22 and a 52-week high of $76.97. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.36 and a current ratio of 1.96. The company has a market cap of $53.06 billion, a PE ratio of 17.11, a P/E/G ratio of 1.84 and a beta of 1.10.

NIKE (NYSE:NKE) last announced its quarterly earnings results on Tuesday, June 30th. The footwear maker reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.09. NIKE had a net margin of 6.70% and a return on equity of 16.54%. The company had revenue of $10.97 billion during the quarter, compared to the consensus estimate of $10.85 billion. During the same quarter last year, the firm earned $0.14 earnings per share. The firm’s quarterly revenue was down 1.1% compared to the same quarter last year. On average, equities research analysts expect that NIKE will post 1.67 EPS for the current fiscal year.

NIKE Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 1st will be issued a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 4.6%. The ex-dividend date of this dividend is Tuesday, September 1st. NIKE’s payout ratio is currently 78.47%.

Insider Buying and Selling

In related news, insider Amy Montagne sold 4,867 shares of the business’s stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $42.05, for a total transaction of $204,657.35. Following the completion of the transaction, the insider directly owned 57,436 shares in the company, valued at approximately $2,415,183.80. The trade was a 7.81% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Philip McCartney sold 2,559 shares of the stock in a transaction that occurred on Wednesday, September 9th. The stock was sold at an average price of $37.59, for a total transaction of $96,192.81. Following the completion of the sale, the executive vice president directly owned 78,121 shares of the company’s stock, valued at $2,936,568.39. This represents a 3.17% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 14,974 shares of company stock worth $600,126. Corporate insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On NIKE

Several large investors have recently added to or reduced their stakes in NKE. Westerkirk Capital Inc. boosted its stake in shares of NIKE by 52.4% in the fourth quarter. Westerkirk Capital Inc. now owns 131,220 shares of the footwear maker’s stock worth $8,360,000 after acquiring an additional 45,100 shares during the period. OMERS ADMINISTRATION Corp raised its stake in NIKE by 77.9% during the 4th quarter. OMERS ADMINISTRATION Corp now owns 2,526,179 shares of the footwear maker’s stock valued at $160,943,000 after purchasing an additional 1,106,499 shares during the period. OneDigital Investment Advisors LLC lifted its holdings in NIKE by 32.8% in the 2nd quarter. OneDigital Investment Advisors LLC now owns 244,296 shares of the footwear maker’s stock worth $10,028,000 after purchasing an additional 60,375 shares in the last quarter. Deutsche Bank AG lifted its holdings in NIKE by 8.0% in the 2nd quarter. Deutsche Bank AG now owns 3,566,634 shares of the footwear maker’s stock worth $146,410,000 after purchasing an additional 264,576 shares in the last quarter. Finally, Quantitative Investment Management LLC bought a new position in NIKE in the 2nd quarter worth approximately $2,459,000. Hedge funds and other institutional investors own 64.25% of the company’s stock.

Key Stories Impacting NIKE

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: BTIG reaffirmed a Buy rating, providing a counterpoint to the more cautious analyst views. NIKE also recently signed a reported $200 million partnership with the University of Miami, potentially supporting its college-sports presence. BTIG Research Reaffirms Buy Rating for NIKE Nike University of Miami Partnership
• Neutral Sentiment: NIKE is scheduled to report fiscal first-quarter results on October 1. Investors will look for evidence of improving demand, inventory normalization and progress in China; options markets imply a potentially significant post-earnings move. Nike Earnings Expectations
• Negative Sentiment: Bank of America downgraded NIKE to Underperform from Neutral and cut its price target to $30 from $47. The firm now expects sales to keep falling through May, pushing the anticipated recovery back by roughly a year—potentially to fiscal 2028—and eliminating hopes for a near-term “spring inflection.” Bank of America Nike Downgrade
• Negative Sentiment: The bearish view reflects pressure on wholesale sales and distribution channels, weak demand and excess inventory in China, softer consumer trends, and concerns about product innovation. Bank of America also reduced its valuation multiple, while other analysts have trimmed earnings estimates ahead of the report. Nike Channel and China Pressures

About NIKE

NIKE, Inc is a global athletic footwear, apparel and equipment company headquartered near Beaverton, Oregon. The company designs, develops and markets products under the NIKE, Jordan and Converse brands, serving athletes and consumers across a broad range of sports and lifestyle categories.

NIKE’s offerings include athletic and casual footwear, sportswear, apparel, accessories and athletic equipment. The company distributes its products through company-owned retail stores, digital platforms, wholesale partners and independent distributors.