Robert W. Baird Cuts NIKE (NYSE:NKE) Price Target to $36.00

by · The Markets Daily

NIKE (NYSE:NKE – Get Free Report) had its price target cut by research analysts at Robert W. Baird from $44.00 to $36.00 in a research note issued to investors on Friday, Benzinga reports. The firm presently has a “neutral” rating on the footwear maker’s stock. Robert W. Baird’s price objective points to a potential upside of 2.72% from the company’s current price.

Several other equities analysts have also weighed in on NKE. Berenberg Bank set a $49.00 price objective on shares of NIKE and gave the company a “hold” rating in a report on Friday, July 3rd. Stifel Nicolaus set a $40.00 target price on shares of NIKE and gave the stock a “hold” rating in a report on Monday, September 21st. Weiss Ratings upgraded shares of NIKE from a “sell (d)” rating to a “sell (d+)” rating in a research report on Friday, July 17th. Sanford C. Bernstein reissued an “outperform” rating and issued a $68.00 price target (down from $72.00) on shares of NIKE in a research note on Wednesday, July 29th. Finally, The Goldman Sachs Group restated a “neutral” rating and issued a $30.00 price target on shares of NIKE in a research report on Friday. 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 stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $44.47.

Get Our Latest Stock Report on NIKE

NIKE Price Performance

Shares of NKE stock opened at $35.05 on Friday. The firm has a market cap of $51.99 billion, a price-to-earnings ratio of 16.77, a PEG ratio of 2.43 and a beta of 1.09. NIKE has a 12 month low of $35.02 and a 12 month high of $76.97. 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 stock has a 50-day moving average price of $39.04 and a 200 day moving average price of $42.94.

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

Insider Activity

In other news, insider Amy Montagne sold 4,867 shares of NIKE stock in a transaction on Friday, August 7th. The shares were sold at an average price of $42.05, for a total transaction of $204,657.35. Following the transaction, the insider directly owned 57,436 shares of the company’s stock, valued at $2,415,183.80. This trade represents a 7.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Philip McCartney sold 2,559 shares of the business’s stock in a transaction on Wednesday, September 9th. The shares were sold at an average price of $37.59, for a total transaction of $96,192.81. Following the completion of the transaction, the executive vice president directly owned 78,121 shares of the company’s stock, valued at $2,936,568.39. This trade represents a 3.17% decrease in their position. 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. In the last ninety days, insiders have sold 14,974 shares of company stock valued at $600,126. 1.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On NIKE

Several large investors have recently modified their holdings of NKE. TCM Advisors LLC lifted its position in shares of NIKE by 1.8% in the fourth quarter. TCM Advisors LLC now owns 11,218 shares of the footwear maker’s stock valued at $715,000 after acquiring an additional 200 shares in the last quarter. FAS Wealth Partners Inc. increased its position in shares of NIKE by 4.2% during the first quarter. FAS Wealth Partners Inc. now owns 6,109 shares of the footwear maker’s stock worth $323,000 after purchasing an additional 249 shares in the last quarter. Elevation Wealth Partners LLC raised its stake in NIKE by 34.6% in the 2nd quarter. Elevation Wealth Partners LLC now owns 989 shares of the footwear maker’s stock valued at $41,000 after purchasing an additional 254 shares during the last quarter. Midwest Professional Planners LTD. raised its stake in NIKE by 1.5% in the 1st quarter. Midwest Professional Planners LTD. now owns 17,904 shares of the footwear maker’s stock valued at $946,000 after purchasing an additional 266 shares during the last quarter. Finally, Advance Capital Management Inc. lifted its holdings in NIKE by 7.1% in the 1st quarter. Advance Capital Management Inc. now owns 4,203 shares of the footwear maker’s stock valued at $222,000 after purchasing an additional 279 shares in the last quarter. 64.25% of the stock is currently owned by institutional investors.

NIKE News Roundup

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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