NIKE (NYSE:NKE) Price Target Lowered to $75.00 at Jefferies Financial Group

NIKE (NYSE:NKE) had its target price lowered by stock analysts at Jefferies Financial Group from $90.00 to $75.00 in a research note issued to investors on Wednesday,MarketScreener reports. The firm presently has a “buy” rating on the footwear maker’s stock. Jefferies Financial Group’s price target points to a potential upside of 76.40% from the stock’s current price.

A number of other equities research analysts also recently commented on the company. BNP Paribas Exane reiterated an “underperform” rating on shares of NIKE in a report on Tuesday, June 23rd. 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. Royal Bank Of Canada reissued a “neutral” rating on shares of NIKE in a research note on Wednesday. Stifel Nicolaus set a $45.00 price target on shares of NIKE in a report on Wednesday. Finally, The Goldman Sachs Group dropped their target price on shares of NIKE from $46.00 to $42.00 and set a “neutral” rating on the stock in a report on Wednesday. Fourteen investment analysts have rated the stock with a Buy rating, nineteen have assigned a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, NIKE currently has a consensus rating of “Hold” and a consensus target price of $56.16.

NIKE Trading Up 3.6%

NIKE stock traded up $1.47 during mid-day trading on Wednesday, hitting $42.52. The stock had a trading volume of 15,442,622 shares, compared to its average volume of 20,736,977. The stock has a market capitalization of $62.96 billion, a PE ratio of 27.94, a P/E/G ratio of 1.81 and a beta of 1.12. The company has a current ratio of 2.14, a quick ratio of 1.45 and a debt-to-equity ratio of 0.50. NIKE has a 12 month low of $40.00 and a 12 month high of $80.17. The stock has a 50-day simple moving average of $44.01 and a two-hundred day simple moving average of $53.56.

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

Insiders Place Their Bets

In related news, EVP Philip Mccartney sold 17,398 shares of the firm’s stock in a transaction 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 transaction, the executive vice president owned 53,133 shares in the company, valued at approximately $2,453,681.94. This trade represents a 24.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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. Also, Director Timothy D. Cook acquired 25,000 shares of the business’s stock in a transaction that occurred on Friday, April 10th. The shares were purchased at an average cost of $42.43 per share, with a total value of $1,060,750.00. Following the transaction, the director directly owned 130,480 shares of the company’s stock, valued at $5,536,266.40. This trade represents a 23.70% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders purchased a total of 64,441 shares of company stock worth $2,734,204 over the last three months. 0.80% of the stock is currently owned by corporate insiders.

Institutional Trading of NIKE

Several large investors have recently made changes to their positions in the company. VectorGlobal IAG Inc. bought a new stake in shares of NIKE during the 1st quarter valued at approximately $248,000. Hamilton Wealth LLC acquired a new stake in NIKE in the first quarter valued at approximately $300,000. Sapient Capital LLC boosted its position in NIKE by 4.2% in the first quarter. Sapient Capital LLC now owns 8,233 shares of the footwear maker’s stock valued at $439,000 after buying an additional 331 shares in the last quarter. Western Wealth Management LLC grew its stake in shares of NIKE by 98.4% during the first quarter. Western Wealth Management LLC now owns 33,030 shares of the footwear maker’s stock worth $1,745,000 after buying an additional 16,383 shares during the last quarter. Finally, E Wealth Partners LLC bought a new stake in shares of NIKE during the first quarter worth $279,000. Institutional investors and hedge funds own 64.25% of the company’s stock.

Key Headlines Impacting NIKE

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: NIKE beat Wall Street’s Q4 EPS and revenue estimates, with higher gross and operating profit helped by better margins and a tariff refund. Article Title
• Positive Sentiment: Several analysts still see upside from current levels, including BTIG’s reiterated Buy and Barclays’ Overweight rating, even after multiple price-target cuts. Article Title
• Neutral Sentiment: Management is prioritizing margin recovery, inventory discipline, and sport-led execution, which may help the medium-term turnaround but does not change the near-term sales slowdown. Article Title
• Negative Sentiment: China remains a major headwind, with sales there down about 12%, and broader demand remains weak in key regions such as Greater China and Europe. Article Title
• Negative Sentiment: NIKE lowered investor expectations with a cautious outlook, saying the turnaround is taking longer and warning that sales are still struggling, which is driving the stock lower in premarket trading. Article Title
• Negative Sentiment: Multiple brokerages cut price targets after the report, including JPMorgan, Piper Sandler, Bank of America, Barclays, and Wells Fargo, reinforcing caution around the stock. Article Title

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).