NIKE’s (NKE) Buy Rating Reiterated at DZ Bank

DZ Bank reiterated their buy rating on shares of NIKE (NYSE:NKE) in a research report report published on Tuesday,MarketScreener reports.

NKE has been the topic of several other reports. Evercore decreased their target price on shares of NIKE from $69.00 to $57.00 and set an “outperform” rating on the stock in a report on Wednesday, April 1st. Jefferies Financial Group decreased their target price on shares of NIKE from $110.00 to $90.00 and set a “buy” rating on the stock in a report on Wednesday, April 1st. Barclays decreased their target price on shares of NIKE from $73.00 to $67.00 and set an “overweight” rating on the stock in a report on Wednesday, April 1st. The Goldman Sachs Group restated a “neutral” rating and issued a $52.00 price objective (down from $76.00) on shares of NIKE in a report on Wednesday, April 1st. Finally, Robert W. Baird decreased their price objective on shares of NIKE from $85.00 to $70.00 and set an “outperform” rating on the stock in a report on Wednesday, April 1st. Seventeen analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, NIKE has an average rating of “Hold” and an average target price of $62.34.

NIKE Stock Performance

NYSE:NKE opened at $44.81 on Tuesday. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.14 and a quick ratio of 1.45. The firm has a market capitalization of $66.36 billion, a price-to-earnings ratio of 29.68, a PEG ratio of 2.42 and a beta of 1.31. The company’s 50-day moving average is $53.36 and its two-hundred day moving average is $60.58. NIKE has a 1-year low of $42.09 and a 1-year high of $80.17.

NIKE (NYSE:NKE) last posted its 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 company had revenue of $11.28 billion for the quarter, compared to analyst estimates of $11.23 billion. NIKE had a net margin of 4.84% and a return on equity of 16.41%. NIKE’s revenue was up .1% on a year-over-year basis. During the same period in the previous year, the business posted $0.54 EPS. Analysts forecast that NIKE will post 1.52 EPS for the current year.

NIKE Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 1st. Investors of record on Monday, March 2nd were paid a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend was Monday, March 2nd. NIKE’s dividend payout ratio is presently 108.61%.

Insider Buying and Selling at NIKE

In other NIKE news, CEO Elliott Hill bought 23,660 shares of the business’s stock in a transaction that occurred on Monday, April 13th. The shares were purchased at an average cost of $42.27 per share, with a total value of $1,000,108.20. Following the purchase, the chief executive officer directly owned 265,247 shares in the company, valued at approximately $11,211,990.69. This represents a 9.79% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director John W. Rogers, Jr. bought 4,000 shares of the business’s stock in a transaction that occurred on Thursday, April 9th. The shares were acquired at an average cost of $43.34 per share, for a total transaction of $173,360.00. Following the completion of the purchase, the director owned 41,022 shares in the company, valued at $1,777,893.48. This trade represents a 10.80% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders bought 64,441 shares of company stock valued at $2,734,204 in the last 90 days. Corporate insiders own 0.80% of the company’s stock.

Institutional Investors Weigh In On NIKE

Large investors have recently modified their holdings of the company. Vanguard Group Inc. grew 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 valued at $7,453,658,000 after buying an additional 1,702,342 shares during the last quarter. State Street Corp grew its position in shares of NIKE by 2.2% in the 4th 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 grew its position in shares of NIKE by 16.2% in the 4th 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 grew its position in shares of NIKE by 49,010.4% in the 4th quarter. J. Stern & Co. LLP now owns 48,054,542 shares of the footwear maker’s stock valued at $3,061,555,000 after buying an additional 47,956,692 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in shares of NIKE by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 26,442,879 shares of the footwear maker’s stock valued at $1,677,251,000 after buying an additional 233,925 shares during the last quarter. 64.25% of the stock is owned by hedge funds and other institutional investors.

NIKE News Roundup

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: Nike announced ~1,400 job cuts focused in its global operations/technology teams to accelerate its “Win Now” turnaround — a cost-structure and speed-to-shelf move that could boost margins over time. Read More.
• Positive Sentiment: Most recent quarter showed an EPS beat ($0.35 vs. $0.29) and a slight revenue beat, indicating pockets of resilience even as top-line growth remains uneven. (Company earnings release)
• Neutral Sentiment: Some analysts and institutional coverage remain supportive (DZ Bank reaffirmed a Buy), giving investors a mixed signal between near-term risk and longer-term conviction. Read More.
• Neutral Sentiment: Reports of insider/insider-adjacent buying and vocal commentary from market personalities keep interest in the name, but these are not a clear catalyst for a sustained turnaround. Read More.
• Negative Sentiment: Coverage highlights that Nike has ceded shelf space and momentum to faster-growing brands (On, Hoka, Anta), contributing to a multi-year decline in market value and investor confidence. Read More.
• Negative Sentiment: Analysts and market commentary point to Nike shares trading near multi‑year lows and a substantial retracement from prior highs; until Nike demonstrates stable top-line recovery in North America and faster product flow, sentiment may remain pressured. Read More.
• Negative Sentiment: Talent moves (e.g., a former Nike executive named CEO at Lululemon) and repeated rounds of restructuring amplify concerns about execution and cultural drift. Read More.

About NIKE

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).