Stifel Nicolaus Issues Pessimistic Forecast for NIKE (NYSE:NKE) Stock Price

by · The Markets Daily

NIKE (NYSE:NKE – Get Free Report) had its price target dropped by investment analysts at Stifel Nicolaus from $40.00 to $36.00 in a note issued to investors on Friday, Marketbeat.com reports. The brokerage presently has a “hold” rating on the footwear maker’s stock. Stifel Nicolaus’ price target suggests a potential upside of 2.72% from the stock’s current price.

A number of other equities research analysts have also weighed in on the stock. JPMorgan Chase & Co. reiterated a “sell” rating on shares of NIKE in a report on Monday, August 31st. Piper Sandler reaffirmed a “neutral” rating and set a $38.00 target price (down from $45.00) on shares of NIKE in a research report on Monday. Morgan Stanley set a $31.00 price target on NIKE and gave the company an “underweight” rating in a report on Thursday, September 10th. BTIG Research reissued a “buy” rating and issued a $55.00 price objective on shares of NIKE in a research note on Wednesday, September 23rd. Finally, BNP Paribas Exane reiterated an “underperform” rating on shares of NIKE in a report on Wednesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, twenty have given a Hold rating and eight have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, NIKE has a consensus rating of “Hold” and an average price target of $44.47.

Read Our Latest Stock Report on NKE

NIKE Price Performance

Shares of NKE stock opened at $35.05 on Friday. The stock has a 50 day moving average price of $39.04 and a 200 day moving average price of $42.94. NIKE has a 52-week low of $35.02 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 firm has a market capitalization of $51.99 billion, a P/E ratio of 16.77, a P/E/G ratio of 2.43 and a beta of 1.09.

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

Insider Activity

In related news, COO Venkatesh Alagirisamy sold 3,671 shares of the stock in a transaction that occurred on Wednesday, September 9th. The shares were sold at an average price of $37.59, for a total transaction of $137,992.89. Following the completion of the sale, the chief operating officer owned 104,862 shares of the company’s stock, valued at $3,941,762.58. This represents a 3.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Matthew Friend sold 2,463 shares of the firm’s stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $41.60, for a total transaction of $102,460.80. Following the completion of the sale, the chief financial officer owned 82,165 shares of the company’s stock, valued at approximately $3,418,064. This trade represents a 2.91% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 14,974 shares of company stock worth $600,126. Insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in NKE. Scarborough Advisors LLC acquired a new position in NIKE during the 1st quarter valued at about $25,000. Cornerstone Financial Management LLC purchased a new stake in shares of NIKE during the fourth quarter worth about $26,000. Sankala Group LLC acquired a new stake in NIKE in the 4th quarter worth approximately $26,000. Meeder Asset Management Inc. grew its position in NIKE by 108.4% during the 1st 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 stake in NIKE during the 1st quarter worth approximately $31,000. 64.25% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about NIKE

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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