Argus Cuts NIKE (NYSE:NKE) Price Target to $70.00

NIKE (NYSE:NKE) had its target price decreased by Argus from $85.00 to $70.00 in a report released on Tuesday,MarketScreener reports. Argus’ target price indicates a potential upside of 16.52% from the stock’s current price.

NKE has been the topic of several other research reports. Barclays set a $64.00 price objective on shares of NIKE and gave the company an “equal weight” rating in a report on Friday, December 19th. Stifel Nicolaus set a $65.00 price target on shares of NIKE and gave the company a “hold” rating in a research note on Friday, December 19th. Weiss Ratings reiterated a “hold (c-)” rating on shares of NIKE in a research note on Monday. KeyCorp set a $90.00 target price on NIKE and gave the company an “overweight” rating in a research report on Thursday, October 2nd. Finally, Raymond James Financial reiterated a “market perform” rating on shares of NIKE in a report on Monday, December 15th. Two analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, NIKE presently has a consensus rating of “Moderate Buy” and a consensus price target of $75.84.

NIKE Stock Up 4.8%

Shares of NYSE NKE opened at $60.08 on Tuesday. The stock has a 50 day moving average price of $64.48 and a 200 day moving average price of $69.35. The firm has a market capitalization of $88.80 billion, a price-to-earnings ratio of 35.34, a PEG ratio of 2.45 and a beta of 1.29. NIKE has a 52-week low of $52.28 and a 52-week high of $82.44. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.40 and a current ratio of 2.06.

NIKE (NYSE:NKE) last posted its quarterly earnings results on Thursday, December 18th. The footwear maker reported $0.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.16. NIKE had a return on equity of 18.43% and a net margin of 5.43%.The business had revenue of $12.43 billion for the quarter, compared to the consensus estimate of $12.19 billion. During the same quarter in the prior year, the company earned $0.78 EPS. The business’s revenue was up .6% compared to the same quarter last year. Sell-side analysts expect that NIKE will post 2.05 earnings per share for the current year.

Insider Activity at NIKE

In other news, Director Timothy D. Cook acquired 50,000 shares of the firm’s stock in a transaction on Monday, December 22nd. The shares were bought at an average price of $58.97 per share, for a total transaction of $2,948,500.00. Following the acquisition, the director owned 105,480 shares of the company’s stock, valued at approximately $6,220,155.60. This trade represents a 90.12% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Robert Holmes Swan purchased 8,691 shares of the firm’s stock in a transaction dated Monday, December 22nd. The stock was acquired at an average cost of $57.54 per share, for a total transaction of $500,080.14. Following the completion of the purchase, the director owned 43,293 shares of the company’s stock, valued at approximately $2,491,079.22. This represents a 25.12% increase in their position. The SEC filing for this purchase provides additional information. Insiders acquired a total of 74,841 shares of company stock valued at $4,451,334 in the last three months. Company insiders own 0.80% of the company’s stock.

Institutional Trading of NIKE

A number of hedge funds have recently bought and sold shares of the business. Mascoma Wealth Management LLC purchased a new stake in NIKE in the 2nd quarter valued at about $26,000. Halbert Hargrove Global Advisors LLC raised its position in NIKE by 952.6% in the 2nd quarter. Halbert Hargrove Global Advisors LLC now owns 400 shares of the footwear maker’s stock valued at $28,000 after purchasing an additional 362 shares in the last quarter. Saudi Central Bank acquired a new stake in NIKE in the 1st quarter valued at about $30,000. Matrix Trust Co boosted its stake in shares of NIKE by 53.1% in the 2nd quarter. Matrix Trust Co now owns 441 shares of the footwear maker’s stock valued at $31,000 after buying an additional 153 shares during the period. Finally, Twin Peaks Wealth Advisors LLC acquired a new position in shares of NIKE during the second quarter worth about $31,000. Institutional investors and hedge funds own 64.25% of the company’s stock.

Key NIKE News

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: Apple CEO and Nike board member Tim Cook bought ~50,000 shares (~$2.95M), nearly doubling his stake — a high‑visibility insider purchase that boosted investor confidence in management’s turnaround plan. Read More.
• Positive Sentiment: Another director, Robert Holmes Swan, also bought shares (~8,691 shares, ~$500k), adding to the insider accumulation narrative that helped lift sentiment. Read More.
• Positive Sentiment: Brokerage consensus remains constructive: recent aggregation of analyst ratings shows an overall “Moderate Buy”/buy‑leaning view and several buy/overweight calls remain in place, supporting buyers who view weakness as a recovery opportunity. Read More.
• Neutral Sentiment: Unusual options activity — elevated call buying — suggests short‑term speculative interest and hedge/leveraged positioning around the news; this can amplify intraday moves but is not a fundamentals change. (Market data note)
• Negative Sentiment: Analysts and research notes warn of structural headwinds: margin compression, weak China sales and slower turnaround execution could pressure earnings and multiples; some firms have issued downgrades or cautions. Read More.
• Negative Sentiment: Despite a quarterly beat on revenue and EPS, management’s guidance and international weakness (notably China) sparked the recent selloff — the underlying growth and margin story remains uncertain, keeping downside risk if results don’t improve. 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).