NIKE (NYSE:NKE) Given New $61.00 Price Target at Daiwa Capital Markets

by · The Markets Daily

NIKE (NYSE:NKE – Free Report) had its price target lowered by Daiwa Capital Markets from $75.00 to $61.00 in a research note issued to investors on Tuesday,MarketScreener reports.

Several other research analysts have also recently issued reports on the company. Raymond James Financial reaffirmed a “market perform” rating on shares of NIKE in a research report on Monday, December 15th. Truist Financial set a $70.00 price target on NIKE and gave the company a “buy” rating in a report on Friday, December 19th. KeyCorp set a $90.00 price objective on shares of NIKE and gave the stock an “overweight” rating in a report on Thursday, October 2nd. BTIG Research restated a “buy” rating and set a $100.00 price objective on shares of NIKE in a research report on Friday, December 12th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of NIKE in a research report on Monday. Two analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $75.84.

Read Our Latest Report on NIKE

NIKE Stock Performance

Shares of NIKE stock opened at $60.08 on Tuesday. NIKE has a one year low of $52.28 and a one year high of $82.44. The business has a 50-day simple moving average of $64.48 and a 200-day simple moving average of $69.35. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.40 and a current ratio of 2.06. The company has a market cap of $88.80 billion, a PE ratio of 35.34, a P/E/G ratio of 2.45 and a beta of 1.29.

NIKE (NYSE:NKE – Get Free Report) last announced its quarterly earnings data on Thursday, December 18th. The footwear maker reported $0.53 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.16. The business had revenue of $12.43 billion for the quarter, compared to analyst estimates of $12.19 billion. NIKE had a net margin of 5.43% and a return on equity of 18.43%. The company’s revenue was up .6% on a year-over-year basis. During the same period last year, the business earned $0.78 EPS. On average, equities research analysts forecast that NIKE will post 2.05 EPS for the current fiscal year.

NIKE Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 2nd. Shareholders of record on Monday, December 1st will be given a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Monday, December 1st. This is an increase from NIKE’s previous quarterly dividend of $0.40. NIKE’s payout ratio is 96.47%.

Insider Buying and Selling

In other NIKE news, EVP Treasure Heinle sold 4,300 shares of the company’s stock in a transaction that occurred on Monday, October 6th. The stock was sold at an average price of $71.27, for a total transaction of $306,461.00. Following the completion of the sale, the executive vice president directly owned 29,396 shares of the company’s stock, valued at $2,095,052.92. This represents a 12.76% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Timothy D. Cook bought 50,000 shares of the stock in a transaction on Monday, December 22nd. The stock was bought at an average price of $58.97 per share, for a total transaction of $2,948,500.00. Following the completion of the purchase, the director directly owned 105,480 shares in the company, valued at approximately $6,220,155.60. The trade was a 90.12% increase in their position. The SEC filing for this purchase provides additional information. Insiders acquired a total of 74,841 shares of company stock valued at $4,451,334 in the last quarter. Corporate insiders own 0.80% of the company’s stock.

Hedge Funds Weigh In On NIKE

Large investors have recently bought and sold shares of the company. Mascoma Wealth Management LLC acquired a new position in shares of NIKE during the second quarter worth about $26,000. Halbert Hargrove Global Advisors LLC increased its position in NIKE by 952.6% during the 2nd quarter. Halbert Hargrove Global Advisors LLC now owns 400 shares of the footwear maker’s stock worth $28,000 after purchasing an additional 362 shares during the period. Saudi Central Bank purchased a new position in shares of NIKE during the 1st quarter worth approximately $30,000. Matrix Trust Co lifted its holdings in shares of NIKE by 53.1% in the 2nd quarter. Matrix Trust Co now owns 441 shares of the footwear maker’s stock valued at $31,000 after buying an additional 153 shares during the period. Finally, Twin Peaks Wealth Advisors LLC purchased a new stake in shares of NIKE in the second quarter valued at approximately $31,000. Hedge funds and other institutional investors own 64.25% of the company’s stock.

Key NIKE News

Here are the key news stories impacting NIKE this week:

  • Positive Sentiment: Apple CEO and Nike board member Tim Cook bought ~50,000 shares (~$2.95M), nearly doubling his stake — a high‑visibility insider purchase that boosted investor confidence in management’s turnaround plan. Read More.
  • Positive Sentiment: Another director, Robert Holmes Swan, also bought shares (~8,691 shares, ~$500k), adding to the insider accumulation narrative that helped lift sentiment. Read More.
  • Positive Sentiment: Brokerage consensus remains constructive: recent aggregation of analyst ratings shows an overall “Moderate Buy”/buy‑leaning view and several buy/overweight calls remain in place, supporting buyers who view weakness as a recovery opportunity. Read More.
  • Neutral Sentiment: Unusual options activity — elevated call buying — suggests short‑term speculative interest and hedge/leveraged positioning around the news; this can amplify intraday moves but is not a fundamentals change. (Market data note)
  • Negative Sentiment: Analysts and research notes warn of structural headwinds: margin compression, weak China sales and slower turnaround execution could pressure earnings and multiples; some firms have issued downgrades or cautions. Read More.
  • Negative Sentiment: Despite a quarterly beat on revenue and EPS, management’s guidance and international weakness (notably China) sparked the recent selloff — the underlying growth and margin story remains uncertain, keeping downside risk if results don’t improve. Read More.

NIKE Company Profile

(Get Free Report)

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).

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