NIKE’s (NKE) “Neutral” Rating Reaffirmed at JPMorgan Chase & Co.

NIKE (NYSE:NKE)‘s stock had its “neutral” rating reaffirmed by equities researchers at JPMorgan Chase & Co. in a research note issued to investors on Wednesday. They currently have a $52.00 price objective on the footwear maker’s stock. JPMorgan Chase & Co.‘s price objective suggests a potential downside of 1.57% from the company’s current price.

A number of other research analysts also recently commented on the stock. Royal Bank Of Canada reissued an “outperform” rating and set a $78.00 target price on shares of NIKE in a research report on Thursday, March 5th. Truist Financial set a $69.00 price objective on shares of NIKE in a research note on Wednesday, January 14th. Barclays raised shares of NIKE from an “equal weight” rating to an “overweight” rating and lifted their price objective for the company from $64.00 to $73.00 in a report on Wednesday, March 11th. BNP Paribas Exane reduced their price objective on shares of NIKE from $38.00 to $35.00 and set an “underperform” rating for the company in a research note on Friday, December 19th. Finally, Argus lowered their target price on NIKE from $85.00 to $70.00 in a report on Tuesday, December 23rd. Nineteen investment 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. According to MarketBeat, NIKE currently has a consensus rating of “Moderate Buy” and an average target price of $70.07.

NIKE Stock Performance

Shares of NIKE stock opened at $52.83 on Wednesday. The company has a current ratio of 2.06, a quick ratio of 1.40 and a debt-to-equity ratio of 0.50. The stock’s fifty day moving average price is $59.68 and its 200-day moving average price is $63.66. The firm has a market cap of $78.21 billion, a P/E ratio of 31.08, a P/E/G ratio of 2.69 and a beta of 1.27. NIKE has a 12 month low of $50.95 and a 12 month high of $80.17.

NIKE (NYSE:NKE) last released its quarterly earnings data on Tuesday, March 31st. The footwear maker reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.03. NIKE had a net margin of 5.43% and a return on equity of 18.43%. The company had revenue of $11.28 billion during the quarter, compared to analyst estimates of $11.23 billion. During the same period in the prior year, the firm earned $0.54 earnings per share. The firm’s revenue for the quarter was up .1% compared to the same quarter last year. On average, equities research analysts expect that NIKE will post 2.05 earnings per share for the current fiscal year.

Institutional Investors Weigh In On NIKE

A number of large investors have recently modified their holdings of NKE. Cornerstone Financial Management LLC acquired a new stake in NIKE during the 4th quarter valued at approximately $26,000. Sankala Group LLC purchased a new stake in shares of NIKE in the 4th quarter valued at $26,000. J.Safra Asset Management Corp acquired a new stake in shares of NIKE in the fourth quarter worth $29,000. Kemnay Advisory Services Inc. acquired a new stake in shares of NIKE in the fourth quarter worth $30,000. Finally, Twin Peaks Wealth Advisors LLC purchased a new position in shares of NIKE during the second quarter worth $31,000. Hedge funds and other institutional investors own 64.25% of the company’s stock.

NIKE News Summary

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: Q3 results beat consensus on both top and bottom lines (EPS $0.35 vs. ~ $0.31 and revenue ~$11.28B in line/above estimates), showing some operational progress and product demand in running/performance categories. TipRanks Q3 Preview
• Positive Sentiment: Management reiterated parts of the “Win Now” turnaround — tighter discounting and new product innovation were credited with stabilizing demand in some segments. Reuters: Sales Beat
• Neutral Sentiment: Revenue was essentially flat year‑over‑year (reported ~$11.3B) with mixed regional performance: wholesale held up while NIKE Direct declined — important context but not an immediate positive/negative catalyst by itself. Business Wire Release
• Neutral Sentiment: Some analysts still highlight long-term upside tied to brand strength and product cycles; coverage remains skewed bullish overall despite short-term concerns. WSJ: Analyst Context
• Negative Sentiment: Forward guidance disappointed: Nike warned current-quarter revenue could decline ~2–4% and projected China sales to drop about 20%, a major hit given China’s size for the business — this is the primary driver of the stock’s decline. Invezz: Weak Outlook
• Negative Sentiment: Gross‑margin pressure and narrower operating profit were highlighted (management expects margin recovery over multiple quarters), raising near‑term profitability concerns. Seeking Alpha: Margin Pressure
• Negative Sentiment: Geopolitical risk: executives warned that unrest in the Middle East could further complicate the turnaround, adding a macro tail‑risk that may keep investors cautious. Reuters: Middle East Risk
• Negative Sentiment: Immediate market reaction: shares slid sharply in after‑hours / premarket trading, reflecting investor skepticism that the turnaround will accelerate given the new guidance and China slump. Blockonomi: Stock Plunge
• Neutral Sentiment: Some houses (e.g., Citi) maintained neutral/hold ratings citing the beat but cautious outlook; watch for upcoming analyst revisions and updated models. TipRanks: Citi Hold

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).