NIKE (NYSE:NKE) Stock Rating Cut to Sell at Truist Financial

NIKE (NYSE:NKE) was downgraded by research analysts at Truist Financial from a “hold” rating to a “sell” rating in a report issued on Thursday, Marketbeat.com reports. They currently have a $29.00 price objective on the footwear maker’s stock. Truist Financial‘s target price indicates a potential downside of 28.37% from the stock’s current price.

NKE has been the topic of a number of other reports. Raymond James Financial reiterated a “market perform” rating on shares of NIKE in a research report on Tuesday, September 29th. JPMorgan Chase & Co. cut 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. Wolfe Research assumed coverage on NIKE in a report on Wednesday, October 21st. They set an “underperform” rating and a $28.00 price objective on the stock. Freedom Broker upgraded NIKE from a “hold” rating to a “buy” rating and lowered their target price for the company from $54.00 to $51.00 in a research report on Friday, October 2nd. Finally, Argus raised shares of NIKE to a “strong-buy” rating in a report on Wednesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, twenty have assigned a Hold rating and twelve have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average target price of $40.93.

NIKE Stock Up 5.2%

Shares of NKE stock opened at $40.48 on Thursday. The stock has a market cap of $60.13 billion, a P/E ratio of 19.46, a PEG ratio of 4.49 and a beta of 1.01. NIKE has a 52 week low of $31.97 and a 52 week high of $69.14. 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 company’s fifty day simple moving average is $36.88 and its two-hundred day simple moving average is $45.88.

NIKE (NYSE:NKE) last released its quarterly earnings data on Thursday, October 1st. The footwear maker reported $0.48 EPS for the quarter, beating the consensus estimate 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 net margin of 6.74% and a return on equity of 15.94%. The business’s revenue was down 4.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.49 EPS. NIKE has set its FY 2027 guidance at 1.150-1.350 EPS. Analysts predict that NIKE will post 1.22 EPS for the current fiscal year.

Insider Transactions at NIKE

In other news, COO Venkatesh Alagirisamy sold 3,671 shares of NIKE stock in a transaction that occurred on Wednesday, September 9th. The stock was sold at an average price of $37.59, for a total value of $137,992.89. Following the completion of the transaction, the chief operating officer owned 104,862 shares in the company, valued at approximately $3,941,762.58. The trade was a 3.38% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Philip McCartney sold 2,559 shares of the business’s stock in a transaction that occurred on Wednesday, September 9th. The shares were 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 in the company, valued at approximately $2,936,568.39. This represents a 3.17% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 11,097 shares of company stock worth $438,843. 1.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On NIKE

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Scarborough Advisors LLC purchased a new stake in NIKE in the 1st quarter worth about $25,000. Reyes Financial Architecture Inc. purchased a new position in shares of NIKE during the third quarter valued at approximately $26,000. Meeder Asset Management Inc. boosted its position in shares of NIKE by 108.4% during the first quarter. Meeder Asset Management Inc. now owns 548 shares of the footwear maker’s stock valued at $29,000 after buying an additional 285 shares during the period. Atlas Wealth LLC bought a new position in shares of NIKE during the first quarter valued at approximately $31,000. Finally, University of Texas Texas AM Investment Management Co. bought a new position in shares of NIKE during the second quarter valued at approximately $33,000. Hedge funds and other institutional investors own 64.25% of the company’s stock.

Trending Headlines about NIKE

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: A market-wide rebound in beaten-down consumer stocks helped lift Nike alongside peers; the move appears driven more by improving sector sentiment than by a new Nike-specific announcement. Article: Nike Climbs as Dow Rally Lifts Consumer Stocks
• Neutral Sentiment: Nike’s Sport Offense reset, fresh product launches and focus on performance categories could help restore momentum and protect full-price sales. However, the strategy’s success remains unproven, and weakness in Sportswear is still a concern. Article: NIKE’s Product Reset
• Neutral Sentiment: Stifel reiterated its Hold rating ahead of Investor Day, signaling limited conviction in the near-term upside. The event could provide investors with more detail on Nike’s turnaround plans. Article: Stifel Reiterates Hold Rating on Nike into Investor Day
• Negative Sentiment: Recent gains may have made the risk-reward less attractive, according to one analysis, despite Nike’s still-high dividend yield. That reflects ongoing concern that the recovery may take time. Article: Nike’s Dividend Yield Is Still Attractive, But I Can’t Say the Same About NKE Stock
• Negative Sentiment: Turnaround risks persist: coverage notes sales and near-term earnings pressure, with fiscal 2027 sales expected to decline. Product launches and restructuring may help, but investors are still waiting for evidence of a sustained recovery. Article: Will Product Reset Change Nike’s Narrative

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.