NIKE (NYSE:NKE) Given Sell Rating at JPMorgan Chase & Co.

JPMorgan Chase & Co. restated their sell rating on shares of NIKE (NYSE:NKE) in a report released on Monday.

Several other research analysts have also weighed in on the company. DZ Bank reissued a “buy” rating on shares of NIKE in a research report on Tuesday, June 30th. Wall Street Zen raised NIKE from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. Robert W. Baird reiterated an “outperform” rating and issued a $70.00 target price on shares of NIKE in a report on Wednesday, July 1st. China Renaissance dropped their price target on NIKE from $50.30 to $47.30 and set a “hold” rating on the stock in a research note on Thursday, July 2nd. Finally, Barclays cut their price target on NIKE from $67.00 to $52.00 and set an “overweight” rating on the stock in a report on Wednesday, July 1st. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, twenty have issued a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $52.94.

NIKE Trading Down 2.4%

NYSE:NKE traded down $0.94 on Monday, reaching $38.12. 22,020,409 shares of the stock traded hands, compared to its average volume of 21,713,518. NIKE has a 1-year low of $37.97 and a 1-year high of $76.97. The company has a current ratio of 1.96, a quick ratio of 1.36 and a debt-to-equity ratio of 0.40. The company’s 50 day moving average is $41.82 and its 200-day moving average is $46.84. The firm has a market capitalization of $56.55 billion, a price-to-earnings ratio of 18.24, a price-to-earnings-growth ratio of 1.76 and a beta of 1.11.

NIKE (NYSE:NKE) last announced its earnings results on Tuesday, June 30th. The footwear maker reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.09. The business had revenue of $10.97 billion during the quarter, compared to the consensus estimate of $10.85 billion. NIKE had a net margin of 6.70% and a return on equity of 16.54%. NIKE’s quarterly revenue was down 1.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.14 earnings per share. Equities research analysts anticipate that NIKE will post 1.74 EPS for the current fiscal year.

NIKE Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Tuesday, September 1st will be given a $0.41 dividend. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $1.64 annualized dividend and a yield of 4.3%. NIKE’s dividend payout ratio (DPR) is presently 78.47%.

Insider Buying and Selling at NIKE

In other news, COO Venkatesh Alagirisamy sold 890 shares of NIKE stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $41.60, for a total transaction of $37,024.00. Following the completion of the transaction, the chief operating officer directly owned 74,820 shares in the company, valued at $3,112,512. This trade represents a 1.18% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Philip Mccartney sold 17,398 shares of the business’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $46.18, for a total transaction of $803,439.64. Following the sale, the executive vice president directly owned 53,133 shares of the company’s stock, valued at approximately $2,453,681.94. The trade was a 24.67% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders have sold 26,142 shares of company stock worth $1,169,380. Company 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. Amundi increased its holdings in NIKE by 59.4% during the 2nd quarter. Amundi now owns 6,460,398 shares of the footwear maker’s stock worth $265,199,000 after purchasing an additional 2,406,609 shares in the last quarter. Carlson Financial Inc. lifted its holdings in shares of NIKE by 43.7% in the second quarter. Carlson Financial Inc. now owns 18,146 shares of the footwear maker’s stock valued at $745,000 after purchasing an additional 5,522 shares in the last quarter. California State Teachers Retirement System boosted its position in shares of NIKE by 4,052.9% during the second quarter. California State Teachers Retirement System now owns 75,611,801 shares of the footwear maker’s stock valued at $3,103,864,000 after buying an additional 73,791,103 shares during the last quarter. Studio Investment Management LLC purchased a new position in shares of NIKE during the second quarter valued at approximately $647,000. Finally, Wedmont Private Capital grew its holdings in NIKE by 29.8% during the second quarter. Wedmont Private Capital now owns 7,454 shares of the footwear maker’s stock worth $331,000 after buying an additional 1,710 shares in the last quarter. Institutional investors own 64.25% of the company’s stock.

Trending Headlines about NIKE

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: NIKE’s inventory cleanup is intended to reduce excess products and reliance on discounting. New footwear launches and supply-chain initiatives could improve product mix and margins over the longer term. NIKE’s Inventory Cleanup: Short-Term Pain, Long-Term Gain Ahead?
• Positive Sentiment: The company reinstated its chief commercial officer role and appointed Walmart veteran Jane Ewing, potentially strengthening its commercial execution. NIKE also announced a Foot Locker partnership for The Crenshaw Rec retail and community venue in Los Angeles. Nike Reinstates Chief Commercial Officer Role
• Neutral Sentiment: NIKE recently exceeded quarterly earnings and revenue expectations, but sales still declined year over year, underscoring the challenge of returning to sustained growth.
• Negative Sentiment: J.P. Morgan maintained a Sell rating and lowered its fiscal 2027 earnings outlook, citing downside risk to consensus estimates, weaker conditions in China and intensifying competition. The revision reinforces concerns that the turnaround may take longer than expected. JPMorgan Cuts Nike 2027 Earnings Outlook, Flags China, Rising Competition
• Negative Sentiment: The inventory reduction is likely to create short-term pain through markdowns and weaker margins before excess stock is cleared, weighing on near-term profitability.
• Negative Sentiment: NIKE underperformed the broader market in the latest session, adding to investor caution amid ongoing concerns about demand, competition and the company’s turnaround. Nike Suffers a Larger Drop Than the General Market: Key Insights

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).