NIKE (NYSE:NKE) Price Target Cut to $67.00 by Analysts at Barclays
by Michael Walen · The Markets DailyNIKE (NYSE:NKE – Get Free Report) had its target price dropped by stock analysts at Barclays from $73.00 to $67.00 in a research report issued on Wednesday,Benzinga reports. The brokerage currently has an “overweight” rating on the footwear maker’s stock. Barclays‘s target price indicates a potential upside of 49.80% from the company’s previous close.
A number of other brokerages have also commented on NKE. Jefferies Financial Group reiterated a “buy” rating on shares of NIKE in a research report on Thursday, March 12th. The Goldman Sachs Group reissued a “neutral” rating and set a $52.00 price target on shares of NIKE in a research report on Wednesday. Daiwa Securities Group decreased their price objective on shares of NIKE from $75.00 to $61.00 in a research note on Tuesday, December 23rd. Truist Financial dropped their price objective on shares of NIKE from $69.00 to $57.00 and set a “buy” rating on the stock in a report on Wednesday. Finally, Citigroup reiterated a “neutral” rating and issued a $65.00 price objective (down from $70.00) on shares of NIKE in a research note on Friday, December 19th. Nineteen research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $67.90.
Read Our Latest Research Report on NIKE
NIKE Stock Performance
NKE stock traded down $8.09 during midday trading on Wednesday, reaching $44.73. The stock had a trading volume of 82,246,522 shares, compared to its average volume of 17,015,324. The firm has a fifty day simple moving average of $59.68 and a two-hundred day simple moving average of $63.66. NIKE has a 52-week low of $44.96 and a 52-week high of $80.17. 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 stock has a market cap of $66.21 billion, a PE ratio of 26.34, a P/E/G ratio of 2.69 and a beta of 1.27.
NIKE (NYSE:NKE – Get Free Report) last posted its quarterly earnings results on Tuesday, March 31st. The footwear maker reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.06. The business had revenue of $11.28 billion for the quarter, compared to the consensus estimate of $11.23 billion. NIKE had a return on equity of 18.43% and a net margin of 5.43%.The company’s quarterly revenue was up .1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.54 EPS. As a group, equities research analysts anticipate that NIKE will post 2.05 EPS for the current year.
Institutional Investors Weigh In On NIKE
Several hedge funds have recently bought and sold shares of NKE. Cornerstone Financial Management LLC acquired a new position in NIKE during the fourth quarter worth $26,000. Sankala Group LLC purchased a new stake in shares of NIKE during the fourth quarter worth about $26,000. J.Safra Asset Management Corp purchased a new stake in shares of NIKE during the fourth quarter worth about $29,000. Kemnay Advisory Services Inc. acquired a new position in shares of NIKE during the 4th quarter worth about $30,000. Finally, Twin Peaks Wealth Advisors LLC acquired a new position in shares of NIKE during the 2nd quarter worth about $31,000. Hedge funds and other institutional investors own 64.25% of the company’s stock.
Trending Headlines about NIKE
Here are the key news stories impacting NIKE this week:
- Positive Sentiment: Q3 results beat estimates on both top and bottom lines (EPS $0.35 vs. ~$0.29 consensus; revenue ~$11.28B roughly in line-to-slightly-above expectations), showing the turnaround still produces tangible operational progress. NIKE, Inc. Reports Fiscal 2026 Third Quarter Results
- Neutral Sentiment: Management says the company has taken intentional actions (clearing unhealthy inventory, rebalancing wholesale vs. DTC) that pressure near‑term margins but are intended to set up later improvement — a strategic move that could pay off but delays visible recovery. Nike Takes ‘Intentional’ Hit To Clear ‘Unhealthy Inventory’ In Q3 As CEO Eyes Turnaround By Year-End
- Negative Sentiment: Weak guidance drove the selloff: Nike guided fiscal Q4 revenue to decline (company-range), below Street expectations, and warned Greater China sales will remain soft — management said the China reset could take multiple quarters. Nike Stock Sinks to Lowest Level Since 2014 as Weak Sales Outlook Spooks Investors
- Negative Sentiment: Margin pressure from tariffs, promotions and inventory actions pushed operating profit and net income materially lower year‑over‑year, undercutting confidence in a near‑term margin rebound. Nike third-quarter sales beat estimates as turnaround efforts gain traction
- Negative Sentiment: Analysts reacted quickly: multiple firms cut price targets or downgraded forecasts (Wells Fargo, Truist, Telsey and others), amplifying downward pressure and raising the risk of further revision. These Analysts Cut Their Forecasts On Nike After Q3 Results
- Negative Sentiment: Investor sentiment soured after candid executive comments about the slow turnaround — headlines and tone (including a blunt CEO remark) reinforced the view that recovery is taking longer than planned. Nike CEO vents as company struggles to regain footing after disappointing profits : ‘I’m so tired’
NIKE Company Profile
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).