NIKE, Inc. (NYSE:NKE) Stock Has Average Price Target of $47.91

by · The Markets Daily

NIKE, Inc. (NYSE:NKE – Get Free Report) has received a consensus rating of “Hold” from the thirty-eight analysts that are presently covering the company, MarketBeat Ratings reports. Seven research analysts have rated the stock with a sell recommendation, twenty-one have issued a hold recommendation, nine have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $46.62.

Several equities research analysts recently weighed in on NKE shares. Raymond James Financial reiterated a “market perform” rating on shares of NIKE in a research note on Tuesday. CICC Research lowered their price target on NIKE from $58.00 to $44.80 and set a “neutral” rating on the stock in a research note on Thursday, July 2nd. Zacks Research raised NIKE from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 19th. Deutsche Bank Aktiengesellschaft decreased their price objective on NIKE from $45.00 to $37.00 and set a “hold” rating on the stock in a report on Monday. Finally, Rothschild & Co Redburn lowered their price objective on NIKE from $45.00 to $37.00 and set a “sell” rating on the stock in a research report on Friday, July 17th.

Get Our Latest Analysis on NKE

Insider Buying and Selling at NIKE

In other news, CFO Matthew Friend sold 2,463 shares of NIKE stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $41.60, for a total transaction of $102,460.80. Following the sale, the chief financial officer directly owned 82,165 shares in the company, valued at approximately $3,418,064. The trade was a 2.91% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Philip McCartney sold 2,559 shares of the company’s stock in a transaction dated 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 sale, the executive vice president directly owned 78,121 shares in the company, valued at approximately $2,936,568.39. The trade was a 3.17% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 14,974 shares of company stock worth $600,126. Corporate insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. TCM Advisors LLC raised its holdings in shares of NIKE by 1.8% in the 4th quarter. TCM Advisors LLC now owns 11,218 shares of the footwear maker’s stock worth $715,000 after buying an additional 200 shares in the last quarter. FAS Wealth Partners Inc. grew its position in NIKE by 4.2% in the first quarter. FAS Wealth Partners Inc. now owns 6,109 shares of the footwear maker’s stock valued at $323,000 after acquiring an additional 249 shares during the period. Elevation Wealth Partners LLC grew its position in NIKE by 34.6% in the second quarter. Elevation Wealth Partners LLC now owns 989 shares of the footwear maker’s stock valued at $41,000 after acquiring an additional 254 shares during the period. Midwest Professional Planners LTD. raised its stake in NIKE by 1.5% during the first quarter. Midwest Professional Planners LTD. now owns 17,904 shares of the footwear maker’s stock worth $946,000 after acquiring an additional 266 shares in the last quarter. Finally, Advance Capital Management Inc. raised its stake in NIKE by 7.1% during the first quarter. Advance Capital Management Inc. now owns 4,203 shares of the footwear maker’s stock worth $222,000 after acquiring an additional 279 shares in the last quarter. Institutional investors own 64.25% of the company’s stock.

More NIKE News

Here are the key news stories impacting NIKE this week:

  • Positive Sentiment: Record short interest of approximately 87 million shares could provide a potential short squeeze if Nike delivers a substantial earnings or outlook surprise. NKE Ticks Higher Ahead of Q1
  • Positive Sentiment: Jefferies believes Nike could beat first-quarter expectations, while November’s investor day may provide additional details on the company’s recovery strategy. Jefferies Bets on Nike’s Recovery
  • Neutral Sentiment: Consensus expectations call for roughly $0.44 in EPS and $11.34 billion in revenue, with investors focused on China sales, margins, inventory, retailer orders, and management’s guidance. Prediction markets imply limited confidence in a strong earnings beat. Nike Stock Seen Sinking Further After Q1 Earnings
  • Negative Sentiment: Analysts have reduced price targets ahead of the report, including RBC’s cut from $45 to $40, and several expect conservative guidance. The cautious setup reflects weak China demand, intense competition, retailer order pullbacks, and a turnaround viewed as progressing too slowly. Nike Likely to Issue Conservative Guidance
  • Negative Sentiment: Nike is overhauling its China strategy to reduce discounting and rebuild its premium positioning, but the transition may weigh on near-term sales. Investors also expect year-over-year declines in first-quarter revenue and EPS, keeping downside risk elevated if results or guidance disappoint. Nike Overhauls Its China Strategy

NIKE Trading Down 1.3%

Shares of NKE stock opened at $35.38 on Friday. The firm has a market capitalization of $52.49 billion, a P/E ratio of 16.93, a price-to-earnings-growth ratio of 2.02 and a beta of 1.10. NIKE has a 1 year low of $35.15 and a 1 year high of $76.97. The firm’s fifty day simple moving average is $39.16 and its 200 day simple moving average is $43.07. The company has a current ratio of 1.96, a quick ratio of 1.36 and a debt-to-equity ratio of 0.40.

NIKE (NYSE:NKE – Get Free Report) last issued its quarterly earnings results on Tuesday, June 30th. The footwear maker reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.09. NIKE had a net margin of 6.70% and a return on equity of 16.54%. The firm had revenue of $10.97 billion during the quarter, compared to the consensus estimate of $10.85 billion. During the same period in the prior year, the firm earned $0.14 EPS. The business’s revenue was down 1.1% on a year-over-year basis. As a group, sell-side analysts predict that NIKE will post 1.64 EPS for the current year.

NIKE Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 1st will be paid a dividend of $0.41 per share. The ex-dividend date is Tuesday, September 1st. This represents a $1.64 dividend on an annualized basis and a yield of 4.6%. NIKE’s payout ratio is currently 78.47%.

About NIKE

(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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