NIKE, Inc. (NYSE:NKE) Stock Has Average Price Target of $41.07

Shares of NIKE, Inc. (NYSE:NKE) have been given an average rating of “Reduce” by the forty analysts that are presently covering the company, MarketBeat.com reports. Eleven equities research analysts have rated the stock with a sell recommendation, twenty-one have assigned a hold recommendation, seven have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $40.93.

A number of analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $33.00 price target on shares of NIKE in a research note on Friday, October 9th. JPMorgan Chase & Co. lowered their price target on NIKE from $40.00 to $33.00 and set an “underweight” rating for the company in a report on Friday, October 2nd. Telsey Advisory Group set a $35.00 price objective on shares of NIKE and gave the company a “market perform” rating in a research note on Friday, October 2nd. Jefferies Financial Group set a $60.00 price objective on shares of NIKE in a report on Friday, October 2nd. Finally, KeyCorp reissued a “sector weight” rating on shares of NIKE in a research report on Friday, October 2nd.

More NIKE News

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: Guggenheim and BTIG Research reaffirmed Buy ratings and $50 price targets, implying substantial upside from current levels. Barclays also raised its target to $45 and said the shares may be near a bottom. Guggenheim rating Barclays raises Nike price target
• Positive Sentiment: Investors continue to look for evidence that Nike’s brand reset is gaining traction. Recent quarterly earnings exceeded EPS expectations, while rebuilding wholesale relationships and managing inventory could support a longer-term recovery. Nike turnaround article
• Positive Sentiment: Nike plans to bring back a popular retro lifestyle shoe next year, a move that could provide incremental support for consumer interest and its lifestyle business. Nike retro shoe return
• Neutral Sentiment: Nike will hold an Investor Day on November 16–17, with key presentations webcast on November 17. Investors may look for updated targets and details on the turnaround strategy. Nike 2026 Investor Day webcast
• Negative Sentiment: Wolfe Research initiated coverage with an Underperform rating and a $28 price target, citing roughly 25% potential downside. The sharply lower target adds to investor concerns about the pace of earnings recovery.
• Negative Sentiment: A sector-wide retail selloff pushed athletic-apparel stocks lower, with Nike declining alongside Lululemon and Under Armour. This indicates broader concerns about discretionary consumer demand, not solely company-specific weakness. Athletic apparel stock selloff
• Negative Sentiment: Analysts remain concerned about slowing digital sales, weaker direct-to-consumer performance in Greater China, ongoing sales declines and continued competitive pressure in China. UBS maintained a Neutral rating, underscoring uncertainty over the recovery timeline. Nike digital sales slowdown

Insider Transactions at NIKE

In related news, EVP Philip McCartney sold 2,559 shares of the stock in a transaction on Wednesday, September 9th. The stock was sold at an average price of $37.59, for a total value of $96,192.81. Following the transaction, the executive vice president directly owned 78,121 shares of the company’s stock, valued at approximately $2,936,568.39. This trade represents a 3.17% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Amy Montagne sold 4,867 shares of NIKE stock in a transaction on Friday, August 7th. The shares were sold at an average price of $42.05, for a total value of $204,657.35. Following the completion of the transaction, the insider owned 57,436 shares in the company, valued at $2,415,183.80. The trade was a 7.81% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 14,974 shares of company stock valued at $600,126. Corporate insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On NIKE

A number of large investors have recently modified their holdings of NKE. State Street Corp raised its stake in shares of NIKE by 6.8% in the 2nd quarter. State Street Corp now owns 63,598,789 shares of the footwear maker’s stock valued at $2,636,104,000 after acquiring an additional 4,052,428 shares during the period. Flossbach Von Storch SE purchased a new stake in NIKE during the 2nd quarter worth $488,714,000. Amundi boosted its position in NIKE by 59.4% during the 2nd quarter. Amundi now owns 6,460,398 shares of the footwear maker’s stock worth $265,199,000 after purchasing an additional 2,406,609 shares during the period. Van ECK Associates Corp boosted its position in NIKE by 4.8% during the 2nd quarter. Van ECK Associates Corp now owns 6,257,863 shares of the footwear maker’s stock worth $256,885,000 after purchasing an additional 286,395 shares during the period. Finally, Swiss National Bank increased its holdings in NIKE by 7.3% in the 1st quarter. Swiss National Bank now owns 3,496,700 shares of the footwear maker’s stock valued at $184,696,000 after purchasing an additional 237,600 shares in the last quarter. 64.25% of the stock is currently owned by hedge funds and other institutional investors.

NIKE Trading Down 2.6%

Shares of NIKE stock opened at $37.31 on Wednesday. NIKE has a fifty-two week low of $31.97 and a fifty-two week high of $70.44. The business’s fifty day moving average is $37.12 and its two-hundred day moving average is $41.28. The company has a quick ratio of 1.39, a current ratio of 2.07 and a debt-to-equity ratio of 0.39. The firm has a market cap of $55.42 billion, a PE ratio of 17.94, a P/E/G ratio of 4.49 and a beta of 1.09.

NIKE (NYSE:NKE) last announced its quarterly earnings data on Thursday, October 1st. The footwear maker reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.05. The business had revenue of $11.21 billion during the quarter, compared to the consensus estimate of $11.32 billion. NIKE had a return on equity of 15.94% and a net margin of 6.74%. The business’s revenue for the quarter was down 4.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.49 earnings per share. NIKE has set its FY 2027 guidance at 1.150-1.350 EPS. Analysts anticipate that NIKE will post 1.22 earnings per share for the current year.

NIKE Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Stockholders of record on Tuesday, September 1st were issued a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date was Tuesday, September 1st. NIKE’s dividend payout ratio is presently 78.85%.

About NIKE

NIKE, Inc is a global athletic footwear, apparel, equipment and accessories company headquartered near Beaverton, Oregon. The company designs, develops, markets and sells products under the Nike, Jordan and Converse brands, serving athletes and consumers across a broad range of sports and lifestyle categories.

NIKE’s product portfolio includes athletic and casual footwear, performance and lifestyle apparel, sports equipment, accessories and digital fitness-related offerings. The company distributes its products through company-owned retail stores, digital platforms and wholesale partners, while also operating direct-to-consumer and membership programs.

The company traces its origins to 1964, when Phil Knight and Bill Bowerman founded Blue Ribbon Sports.