NIKE (NYSE:NKE) Sets New 52-Week Low After Analyst Downgrade

Shares of NIKE, Inc. (NYSE:NKE) hit a new 52-week low during mid-day trading on Wednesday after Evercore downgraded the stock from an outperform rating to a hold rating. Evercore now has a $46.00 price target on the stock. NIKE traded as low as $41.31 and last traded at $41.6060, with a volume of 9943972 shares trading hands. The stock had previously closed at $42.38.

Several other research firms also recently weighed in on NKE. Weiss Ratings downgraded NIKE from a “sell (d+)” rating to a “sell (d)” rating in a research report on Monday, June 8th. Jefferies Financial Group dropped their price objective on shares of NIKE from $110.00 to $90.00 and set a “buy” rating for the company in a research note on Wednesday, April 1st. CICC Research cut shares of NIKE from an “outperform” rating to a “market perform” rating and cut their price objective for the company from $69.00 to $58.00 in a research report on Monday, April 6th. HSBC downgraded shares of NIKE from a “buy” rating to a “hold” rating and reduced their target price for the company from $90.00 to $48.00 in a research note on Monday, April 13th. Finally, Truist Financial lowered their target price on shares of NIKE from $69.00 to $57.00 and set a “buy” rating for the company in a report on Wednesday, April 1st. Fourteen analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, NIKE has a consensus rating of “Hold” and a consensus target price of $60.01.

Insider Buying and Selling

In related news, EVP Philip Mccartney sold 17,398 shares of the business’s 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 sale, the executive vice president owned 53,133 shares in the company, valued at approximately $2,453,681.94. The trade was 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 the SEC website. 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 Robert Holmes Swan acquired 11,781 shares of the company’s stock in a transaction that occurred on Tuesday, April 7th. The stock was purchased at an average cost of $42.44 per share, for a total transaction of $499,985.64. Following the purchase, the director owned 55,074 shares of the company’s stock, valued at $2,337,340.56. This represents a 27.21% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have purchased a total of 64,441 shares of company stock worth $2,734,204 over the last ninety days. Corporate insiders own 0.80% of the company’s stock.

More NIKE News

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: NIKE named former Pfizer and CVS Health executive David Denton as its next CFO, a move investors may view as strengthening financial discipline and turnaround execution. NIKE, Inc. Announces Planned CFO Transition
• Positive Sentiment: The company reaffirmed its outlook around the leadership transition, suggesting fourth-quarter results remain on track despite the change at finance chief. NKE Stock Gains 2% After-Hours As Nike Names New CFO, Reaffirms Outlook — Retail Calls Leadership Transition ‘Promising’
• Neutral Sentiment: NIKE updated its fourth-quarter fiscal 2026 revenue guidance to $10.7 billion-$10.9 billion, which is broadly in line with expectations and does not appear to be a major surprise. NIKE, Inc. Announces Planned CFO Transition
• Negative Sentiment: Evercore downgraded NIKE from outperform to hold, signaling increased caution on the stock even though the firm still sees some upside to its price target. Evercore downgrade coverage
• Negative Sentiment: Recent commentary continues to highlight slow revenue growth, weak channel performance, and a delayed turnaround, which keeps pressure on investor sentiment ahead of earnings next week. Nike names Pfizer executive David Denton as CFO amid slow turnaround effort

Hedge Funds Weigh In On NIKE

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Cornerstone Financial Management LLC acquired a new stake in NIKE in the fourth quarter valued at approximately $26,000. Sankala Group LLC acquired a new position in shares of NIKE during the fourth quarter worth $26,000. J.Safra Asset Management Corp acquired a new position in shares of NIKE during the fourth quarter worth $29,000. Kemnay Advisory Services Inc. purchased a new stake in shares of NIKE during the 4th quarter valued at $30,000. Finally, Scarborough Advisors LLC acquired a new stake in shares of NIKE in the 1st quarter worth $25,000. Institutional investors own 64.25% of the company’s stock.

NIKE Price Performance

The stock has a 50-day moving average price of $44.38 and a two-hundred day moving average price of $54.40. The company has a current ratio of 2.14, a quick ratio of 1.45 and a debt-to-equity ratio of 0.50. The stock has a market cap of $62.12 billion, a price-to-earnings ratio of 27.69, a PEG ratio of 1.87 and a beta of 1.12.

NIKE (NYSE:NKE) last announced its earnings results on Tuesday, March 31st. The footwear maker reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analyst estimates of $11.23 billion. During the same period in the prior year, the company posted $0.54 EPS. The firm’s quarterly revenue was up .1% compared to the same quarter last year. As a group, equities research analysts forecast that NIKE, Inc. will post 1.49 EPS for the current year.

NIKE Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Monday, June 1st will be paid a dividend of $0.41 per share. The ex-dividend date is Monday, June 1st. This represents a $1.64 dividend on an annualized basis and a dividend yield of 3.9%. NIKE’s payout ratio is presently 108.61%.

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).