Royal Bank Of Canada reiterated their buy rating on shares of NIKE (NYSE:NKE – Free Report) in a research note published on Wednesday morning,MarketScreener reports.
Other analysts have also recently issued reports about the company. Wells Fargo & Company dropped their price objective on NIKE from $65.00 to $55.00 and set an “overweight” rating for the company in a report on Wednesday. KeyCorp lowered their price target on shares of NIKE from $90.00 to $75.00 and set an “overweight” rating for the company in a research report on Thursday, January 22nd. Berenberg Bank reissued a “neutral” rating and set a $70.00 price target on shares of NIKE in a research note on Friday, December 19th. Piper Sandler reduced their price objective on shares of NIKE from $75.00 to $60.00 and set an “overweight” rating on the stock in a research note on Wednesday. Finally, Bank of America reaffirmed a “neutral” rating and set a $55.00 target price (down from $73.00) on shares of NIKE in a report on Wednesday. Nineteen investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, NIKE currently has a consensus rating of “Moderate Buy” and an average target price of $64.43.
NIKE Stock Down 15.3%
NIKE (NYSE:NKE – Get Free Report) last issued its quarterly 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. The business had revenue of $11.28 billion for the quarter, compared to analyst estimates of $11.23 billion. NIKE had a return on equity of 16.56% and a net margin of 4.84%.The firm’s revenue for the quarter was up .1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.54 earnings per share. On average, equities research analysts forecast that NIKE will post 2.05 EPS for the current year.
NIKE Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 1st. Investors of record on Monday, March 2nd were issued a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date was Monday, March 2nd. NIKE’s dividend payout ratio (DPR) is presently 96.47%.
Hedge Funds Weigh In On NIKE
A number of institutional investors and hedge funds have recently added to or reduced their stakes in NKE. Cornerstone Financial Management LLC acquired a new stake in shares of NIKE in the 4th quarter valued at about $26,000. Sankala Group LLC acquired a new position in shares of NIKE during the fourth quarter worth about $26,000. J.Safra Asset Management Corp acquired a new position in shares of NIKE during the fourth quarter worth about $29,000. Kemnay Advisory Services Inc. bought a new position in shares of NIKE during the fourth quarter worth about $30,000. Finally, Twin Peaks Wealth Advisors LLC bought a new position in shares of NIKE during the second quarter worth about $31,000. 64.25% of the stock is owned by institutional investors and hedge funds.
Key NIKE News
Here are the key news stories impacting NIKE this week:
- Positive Sentiment: Q3 beat on the headlines — NIKE reported $11.28B in revenue and $0.35 EPS, modestly above consensus, showing the turnaround program is producing some topline stability and earnings beats. Business Wire: NIKE Q3 release
- Positive Sentiment: Product and regional pockets of strength — North America and running categories showed improvement, supporting management’s claim that parts of the turnaround are working. Reuters: Q3 sales beat
- Neutral Sentiment: Mixed analyst reaction — Several firms cut price targets and ratings while others reaffirmed buys; the street is divided on timing and magnitude of the recovery. Expect more target revisions as guidance is digested. Benzinga: analyst cuts
- Negative Sentiment: Weak guidance is the main driver — NIKE guided Q4 revenue lower (management now expects a decline rather than growth), signaling the turnaround will take longer and removing near‑term certainty. CNBC: guidance and turnaround outlook
- Negative Sentiment: China slump — management projects a sharp drop in Greater China sales (around the guidance window), worsening a key market and pressuring revenue and margin recovery. Invezz: China sales impact
- Negative Sentiment: Margin and cost headwinds — tariffs, promotions and inventory cleanup weighed on gross margin and guidance for margin recovery is delayed, increasing near‑term earnings risk. Zacks: margin pressures
- Negative Sentiment: Market reaction and analyst downgrades — heavy trading, multiple price‑target cuts and downgrades accelerated the selloff and pushed the stock to multi‑year/52‑week lows. Investopedia: stock reaction
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).
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