BTIG Research Cuts NIKE (NYSE:NKE) Price Target to $50.00

by · The Markets Daily

NIKE (NYSE:NKE – Get Free Report) had its price objective reduced by investment analysts at BTIG Research from $55.00 to $50.00 in a report issued on Friday, Marketbeat Ratings reports. The brokerage presently has a “buy” rating on the footwear maker’s stock. BTIG Research’s price target points to a potential upside of 42.66% from the company’s previous close.

A number of other analysts have also commented on NKE. Weiss Ratings raised NIKE from a “sell (d)” rating to a “sell (d+)” rating in a research report on Friday, July 17th. Oppenheimer set a $52.00 price target on NIKE and gave the stock an “outperform” rating in a report on Wednesday, September 23rd. Citigroup cut NIKE from a “neutral” rating to a “negative” rating in a research note on Monday, September 14th. The Goldman Sachs Group restated a “neutral” rating and set a $30.00 price objective on shares of NIKE in a report on Friday. Finally, CICC Research lowered their target price on NIKE from $58.00 to $44.80 and set a “neutral” rating on the stock in a research report on Thursday, July 2nd. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, twenty have assigned a Hold rating and eight have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, NIKE presently has an average rating of “Hold” and an average target price of $44.47.

Check Out Our Latest Analysis on NIKE

NIKE Stock Down 1.0%

Shares of NYSE NKE opened at $35.05 on Friday. The company has a quick ratio of 1.36, a current ratio of 1.96 and a debt-to-equity ratio of 0.40. The firm has a market cap of $51.99 billion, a PE ratio of 16.77, a P/E/G ratio of 2.43 and a beta of 1.09. The company’s fifty day simple moving average is $39.04 and its 200 day simple moving average is $42.94. NIKE has a 12-month low of $35.02 and a 12-month high of $76.97.

NIKE (NYSE:NKE – Get Free Report) last posted its quarterly earnings results on Thursday, October 1st. The footwear maker reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.05. The firm had revenue of $11.21 billion during the quarter, compared to the consensus estimate of $11.32 billion. NIKE had a net margin of 6.70% and a return on equity of 16.54%. The business’s revenue was down 4.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.49 earnings per share. NIKE has set its FY 2027 guidance at 1.150-1.350 EPS. As a group, sell-side analysts forecast that NIKE will post 1.61 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, 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 value 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. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Amy Montagne sold 4,867 shares of the firm’s stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $42.05, for a total value of $204,657.35. Following the completion of the transaction, the insider owned 57,436 shares in the company, valued at $2,415,183.80. This represents a 7.81% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 14,974 shares of company stock valued at $600,126. Company insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On NIKE

Several large investors have recently bought and sold shares of NKE. Scarborough Advisors LLC bought a new stake in shares of NIKE in the 1st quarter worth $25,000. Cornerstone Financial Management LLC purchased a new stake in shares of NIKE in the fourth quarter valued at about $26,000. Sankala Group LLC bought a new position in shares of NIKE during the fourth quarter valued at about $26,000. Meeder Asset Management Inc. boosted its holdings in NIKE by 108.4% during the first quarter. Meeder Asset Management Inc. now owns 548 shares of the footwear maker’s stock worth $29,000 after purchasing an additional 285 shares during the last quarter. Finally, Atlas Wealth LLC purchased a new position in NIKE during the first quarter worth about $31,000. 64.25% of the stock is currently owned by institutional investors.

NIKE News Summary

Here are the key news stories impacting NIKE this week:

  • Positive Sentiment: NIKE reported quarterly EPS of $0.48, ahead of the $0.43 analyst consensus. The company also said its performance-focused business is showing progress, which could support the longer-term recovery. NIKE fiscal 2027 first-quarter results
  • Positive Sentiment: Demand for Nike’s first Caitlin Clark signature shoe was strong, with the Caitlin 1 nearly selling out shortly after launch, providing a potential product and marketing catalyst. Nike Caitlin Clark shoes

NIKE Company Profile

(Get Free Report)

NIKE, Inc is a global sportswear company that designs, develops, markets and sells athletic footwear, apparel, equipment, accessories and related services. Its products are marketed under the NIKE, Jordan and Converse brands and are used across a broad range of sports and lifestyle activities, including running, basketball, football, training and outdoor pursuits.

The company distributes its products through a combination of wholesale partners, NIKE-owned retail stores and digital platforms.

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