Stifel Nicolaus Cuts NIKE (NYSE:NKE) Price Target to $56.00

NIKE (NYSE:NKE) had its target price dropped by analysts at Stifel Nicolaus from $65.00 to $56.00 in a note issued to investors on Wednesday,MarketScreener reports. The firm presently has a “hold” rating on the footwear maker’s stock. Stifel Nicolaus’ target price would indicate a potential upside of 24.76% from the company’s current price.

Several other research firms have also recently commented on NKE. Piper Sandler reduced their target price on NIKE from $75.00 to $60.00 and set an “overweight” rating for the company in a research report on Wednesday. Robert W. Baird dropped their price target on NIKE from $93.00 to $85.00 and set an “outperform” rating for the company in a research report on Friday, December 19th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of NIKE from $54.00 to $51.00 and set a “hold” rating on the stock in a research report on Wednesday. Guggenheim lowered their target price on shares of NIKE from $77.00 to $74.00 and set a “buy” rating on the stock in a research note on Wednesday. Finally, Sanford C. Bernstein reiterated a “buy” rating on shares of NIKE in a research report on Wednesday. Nineteen analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $64.57.

NIKE Price Performance

NIKE stock traded down $7.94 during midday trading on Wednesday, reaching $44.89. 87,936,225 shares of the stock were exchanged, compared to its average volume of 17,079,348. NIKE has a 52 week low of $44.67 and a 52 week high of $80.17. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.40 and a current ratio of 2.06. The firm has a market cap of $66.45 billion, a PE ratio of 26.42, a PEG ratio of 2.69 and a beta of 1.27. The company’s fifty day moving average is $59.68 and its 200-day moving average is $63.66.

NIKE (NYSE:NKE) last announced its quarterly earnings results on Tuesday, March 31st. The footwear maker reported $0.35 EPS for the quarter, beating the consensus estimate of $0.29 by $0.06. The firm had revenue of $11.28 billion during the quarter, compared to the consensus estimate of $11.23 billion. NIKE had a net margin of 5.43% and a return on equity of 18.43%. The business’s quarterly revenue was up .1% compared to the same quarter last year. During the same period last year, the firm earned $0.54 EPS. On average, sell-side analysts forecast that NIKE will post 2.05 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in NKE. J. Stern & Co. LLP boosted its stake in shares of NIKE by 49,010.4% in the 4th quarter. J. Stern & Co. LLP now owns 48,054,542 shares of the footwear maker’s stock valued at $3,061,555,000 after purchasing an additional 47,956,692 shares in the last quarter. Norges Bank purchased a new position in NIKE in the 4th quarter worth $829,956,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its stake in NIKE by 3,129.9% in the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 9,091,426 shares of the footwear maker’s stock worth $645,855,000 after purchasing an additional 8,809,950 shares during the last quarter. Harris Associates L P purchased a new stake in NIKE during the second quarter valued at about $621,525,000. Finally, Capital World Investors boosted its position in NIKE by 16.2% during the fourth quarter. Capital World Investors now owns 49,069,951 shares of the footwear maker’s stock valued at $3,126,246,000 after buying an additional 6,830,938 shares during the period. 64.25% of the stock is owned by hedge funds and other institutional investors.

NIKE News Summary

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: Q3 results beat estimates on both top and bottom lines (EPS $0.35 vs. ~$0.29 consensus; revenue ~$11.28B roughly in line-to-slightly-above expectations), showing the turnaround still produces tangible operational progress. NIKE, Inc. Reports Fiscal 2026 Third Quarter Results
• Neutral Sentiment: Management says the company has taken intentional actions (clearing unhealthy inventory, rebalancing wholesale vs. DTC) that pressure near‑term margins but are intended to set up later improvement — a strategic move that could pay off but delays visible recovery. Nike Takes ‘Intentional’ Hit To Clear ‘Unhealthy Inventory’ In Q3 As CEO Eyes Turnaround By Year-End
• Negative Sentiment: Weak guidance drove the selloff: Nike guided fiscal Q4 revenue to decline (company-range), below Street expectations, and warned Greater China sales will remain soft — management said the China reset could take multiple quarters. Nike Stock Sinks to Lowest Level Since 2014 as Weak Sales Outlook Spooks Investors
• Negative Sentiment: Margin pressure from tariffs, promotions and inventory actions pushed operating profit and net income materially lower year‑over‑year, undercutting confidence in a near‑term margin rebound. Nike third-quarter sales beat estimates as turnaround efforts gain traction
• Negative Sentiment: Analysts reacted quickly: multiple firms cut price targets or downgraded forecasts (Wells Fargo, Truist, Telsey and others), amplifying downward pressure and raising the risk of further revision. These Analysts Cut Their Forecasts On Nike After Q3 Results
• Negative Sentiment: Investor sentiment soured after candid executive comments about the slow turnaround — headlines and tone (including a blunt CEO remark) reinforced the view that recovery is taking longer than planned. Nike CEO vents as company struggles to regain footing after disappointing profits : ‘I’m so tired’

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).