NIKE (NYSE:NKE) Price Target Lowered to $70.00 at Robert W. Baird

NIKE (NYSE:NKE) had its price objective lowered by research analysts at Robert W. Baird from $85.00 to $70.00 in a report released on Wednesday,MarketScreener reports. The brokerage currently has an “outperform” rating on the footwear maker’s stock. Robert W. Baird’s price target would suggest a potential upside of 55.95% from the stock’s current price.

Several other equities research analysts have also commented on NKE. Daiwa Securities Group reduced their price target on shares of NIKE from $75.00 to $61.00 in a report on Tuesday, December 23rd. Deutsche Bank Aktiengesellschaft cut their price objective on shares of NIKE from $54.00 to $51.00 and set a “hold” rating on the stock in a report on Wednesday. Bank of America reissued a “neutral” rating and issued a $55.00 price objective (down from $73.00) on shares of NIKE in a research note on Wednesday. Weiss Ratings raised NIKE from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, January 12th. Finally, Sanford C. Bernstein reiterated a “buy” rating on shares of NIKE in a report on Wednesday. Nineteen investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $64.57.

NIKE Stock Down 15.0%

Shares of NKE stock traded down $7.94 during mid-day trading on Wednesday, hitting $44.89. The stock had a trading volume of 87,936,225 shares, compared to its average volume of 17,079,348. NIKE has a 12-month low of $44.67 and a 12-month high of $80.17. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.06 and a quick ratio of 1.40. The firm’s 50-day moving average is $59.68 and its two-hundred day moving average is $63.66. The firm has a market capitalization of $66.45 billion, a P/E ratio of 26.42, a price-to-earnings-growth ratio of 2.69 and a beta of 1.27.

NIKE (NYSE:NKE) last announced its quarterly earnings results on Tuesday, March 31st. The footwear maker reported $0.35 EPS for the quarter, beating the consensus estimate of $0.29 by $0.06. The firm had revenue of $11.28 billion for the quarter, compared to analyst estimates of $11.23 billion. NIKE had a return on equity of 18.43% and a net margin of 5.43%.The business’s revenue for the quarter was up .1% on a year-over-year basis. During the same quarter last year, the firm posted $0.54 earnings per share. On average, analysts predict that NIKE will post 2.05 earnings per share for the current fiscal year.

Hedge Funds Weigh In On NIKE

A number of large investors have recently made changes to their positions in the business. Vanguard Group Inc. boosted its position in shares of NIKE by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 116,993,541 shares of the footwear maker’s stock worth $7,453,658,000 after purchasing an additional 1,702,342 shares in the last quarter. State Street Corp raised its stake in NIKE by 2.2% in the fourth quarter. State Street Corp now owns 59,315,606 shares of the footwear maker’s stock valued at $3,802,807,000 after buying an additional 1,275,494 shares during the last quarter. Capital World Investors raised its stake in NIKE by 16.2% in the fourth quarter. Capital World Investors now owns 49,069,951 shares of the footwear maker’s stock valued at $3,126,246,000 after buying an additional 6,830,938 shares during the last quarter. J. Stern & Co. LLP boosted its holdings in NIKE by 49,010.4% in the fourth quarter. J. Stern & Co. LLP now owns 48,054,542 shares of the footwear maker’s stock worth $3,061,555,000 after acquiring an additional 47,956,692 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in shares of NIKE by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 26,442,879 shares of the footwear maker’s stock worth $1,677,251,000 after acquiring an additional 233,925 shares during the last quarter. 64.25% of the stock is owned by institutional investors and hedge funds.

NIKE News Roundup

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).