NIKE (NYSE:NKE) Given New $47.00 Price Target at Bank of America

NIKE (NYSE:NKE) had its price target dropped by analysts at Bank of America from $55.00 to $47.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has a “neutral” rating on the footwear maker’s stock. Bank of America‘s price objective indicates a potential upside of 14.41% from the company’s previous close.

A number of other analysts have also issued reports on NKE. BTIG Research restated a “buy” rating and issued a $55.00 target price on shares of NIKE in a report on Wednesday. Zacks Research lowered NIKE from a “hold” rating to a “strong sell” rating in a research report on Monday, June 1st. Weiss Ratings lowered NIKE from a “sell (d+)” rating to a “sell (d)” rating in a report on Monday, June 8th. JPMorgan Chase & Co. lowered their price target on NIKE from $52.00 to $47.00 and set a “neutral” rating for the company in a research note on Monday. Finally, Wall Street Zen upgraded NIKE from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. Fourteen equities research analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $56.86.

NIKE Price Performance

Shares of NYSE:NKE opened at $41.08 on Wednesday. The company has a quick ratio of 1.45, a current ratio of 2.14 and a debt-to-equity ratio of 0.50. NIKE has a fifty-two week low of $40.00 and a fifty-two week high of $80.17. The firm has a 50-day simple moving average of $44.01 and a 200 day simple moving average of $53.56. The company has a market cap of $60.84 billion, a PE ratio of 27.21, a P/E/G ratio of 1.81 and a beta of 1.12.

NIKE (NYSE:NKE) last posted its earnings results on Tuesday, March 31st. The footwear maker reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.06. NIKE had a return on equity of 16.41% and a net margin of 4.84%.The company had revenue of $11.28 billion for the quarter, compared to analysts’ expectations of $11.23 billion. During the same period last year, the business posted $0.54 earnings per share. The firm’s quarterly revenue was up .1% compared to the same quarter last year. On average, sell-side analysts anticipate that NIKE will post 1.49 EPS for the current year.

Insider Activity

In other NIKE news, Director Timothy D. Cook bought 25,000 shares of the stock in a transaction on Friday, April 10th. The shares were purchased at an average price of $42.43 per share, with a total value of $1,060,750.00. Following the acquisition, the director directly owned 130,480 shares of the company’s stock, valued at $5,536,266.40. This represents a 23.70% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Philip Mccartney sold 17,398 shares of NIKE stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $46.18, for a total value of $803,439.64. Following the completion of the transaction, the executive vice president directly owned 53,133 shares in the company, valued at approximately $2,453,681.94. This represents a 24.67% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have purchased 64,441 shares of company stock worth $2,734,204 over the last 90 days. Company insiders own 0.80% of the company’s stock.

Institutional Investors Weigh In On NIKE

A number of institutional investors have recently added to or reduced their stakes in NKE. J. Stern & Co. LLP lifted 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 worth $3,061,555,000 after acquiring an additional 47,956,692 shares during the period. Norges Bank acquired a new position in shares of NIKE in the 4th quarter valued at $829,956,000. Harris Associates L P bought a new stake in NIKE in the second quarter valued at about $621,525,000. Capital World Investors lifted its stake in NIKE by 16.2% during the fourth quarter. Capital World Investors now owns 49,069,951 shares of the footwear maker’s stock worth $3,126,246,000 after purchasing an additional 6,830,938 shares during the period. Finally, Jasper Ridge Partners L.P. boosted its holdings in NIKE by 2,492.4% during the fourth quarter. Jasper Ridge Partners L.P. now owns 4,883,229 shares of the footwear maker’s stock valued at $311,111,000 after purchasing an additional 4,694,859 shares in 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: NIKE beat Q4 earnings and revenue estimates, showing profitability is improving even as sales remain soft. NIKE, Inc. Reports Fiscal 2026 Fourth Quarter and Full Year Results
• Positive Sentiment: Management said margins are expected to improve further, which supports the case for a longer-term recovery if execution stabilizes. Tom Nikic Reiterates Hold on Nike as Revenue Outlook Weakens Despite Margin Improvements
• Neutral Sentiment: North America strength and wholesale growth partially offset weakness in other regions, but the recovery is still uneven. Nike turnaround tested by but analyst says ‘this is the bottom’
• Negative Sentiment: China sales fell 12%, reinforcing concerns that NIKE’s key international market remains a major drag on the turnaround. Nike earnings, revenue top estimates even as China sales drop 12%
• Negative Sentiment: Analysts and investors remain skeptical, with several reports saying the company’s cautious outlook and slow turnaround are overshadowing the earnings beat. Nike stock: why did a rare earnings beat fail to lift shares?

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).