Deutsche Bank Aktiengesellschaft Issues Pessimistic Forecast for NIKE (NYSE:NKE) Stock Price

NIKE (NYSE:NKE) had its price target lowered by research analysts at Deutsche Bank Aktiengesellschaft from $67.00 to $54.00 in a report issued on Monday,Benzinga reports. The firm presently has a “hold” rating on the footwear maker’s stock. Deutsche Bank Aktiengesellschaft’s target price points to a potential upside of 0.92% from the company’s previous close.

Several other brokerages have also commented on NKE. Berenberg Bank reaffirmed a “neutral” rating and issued a $70.00 price objective on shares of NIKE in a report on Friday, December 19th. Royal Bank Of Canada reissued an “outperform” rating and issued a $78.00 target price on shares of NIKE in a report on Thursday, March 5th. The Goldman Sachs Group dropped their target price on NIKE from $77.00 to $76.00 and set a “buy” rating on the stock in a research report on Thursday, January 29th. Needham & Company LLC downgraded NIKE from a “buy” rating to a “hold” rating in a research note on Thursday, January 8th. Finally, KeyCorp reduced 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. Twenty-two research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $73.43.

NIKE Trading Up 1.5%

Shares of NKE stock opened at $53.51 on Monday. The company has a current ratio of 2.06, a quick ratio of 1.40 and a debt-to-equity ratio of 0.50. NIKE has a 12-month low of $52.17 and a 12-month high of $80.17. The stock has a market capitalization of $79.21 billion, a P/E ratio of 31.48, a P/E/G ratio of 2.70 and a beta of 1.27. The firm’s 50 day moving average is $60.92 and its 200 day moving average is $64.43.

Insider Buying and Selling

In related news, CEO Elliott Hill acquired 16,388 shares of the firm’s stock in a transaction dated Monday, December 29th. The shares were purchased at an average price of $61.10 per share, with a total value of $1,001,306.80. Following the completion of the purchase, the chief executive officer directly owned 241,587 shares of the company’s stock, valued at $14,760,965.70. This represents a 7.28% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.80% of the stock is currently owned by insiders.

Institutional Investors Weigh In On NIKE

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Cornerstone Financial Management LLC bought a new position in shares of NIKE in the fourth quarter worth approximately $26,000. Sankala Group LLC bought a new stake in shares of NIKE during the 4th quarter valued at $26,000. J.Safra Asset Management Corp purchased a new position in shares of NIKE during the 4th quarter valued at $29,000. Kemnay Advisory Services Inc. bought a new position in NIKE in the 4th quarter worth $30,000. Finally, Twin Peaks Wealth Advisors LLC bought a new position in NIKE in the 2nd quarter worth $31,000. 64.25% of the stock is owned by hedge funds and other institutional investors.

Trending Headlines about NIKE

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: Market resilience: Several outlets note NKE’s intraday gain and that the stock has held a short-term support area despite broader market weakness, which traders see as a short-term bullish signal. Nike (NKE) Increases Despite Market Slip: Here’s What You Need to Know
• Positive Sentiment: Analyst confidence remains in places: Coverage notes that some banks (e.g., Barclays mentioned in coverage) expect Nike can bounce back from soft sales, supporting upside if execution improves. UBS Wary of Nike Inc. (NKE)’s Weak Global Sales but Barclays Confident of Bounce Back
• Neutral Sentiment: Valuation gap highlighted: Analysis points out a large gap between current price and the street’s ~$76 consensus target — suggesting substantial analyst upside but also signaling that expectations may be optimistic versus near-term fundamentals. This is more of a framing piece than new catalyst. Wall Street’s $76 Target on Nike Looks Absurd — Until You Look at the Numbers
• Negative Sentiment: UBS trims target: UBS reiterated a Neutral rating but cut its price target from $62 to $58 citing weak global sales momentum — a nearer-term headwind for sentiment. UBS Wary of Nike Inc. (NKE)’s Weak Global Sales but Barclays Confident of Bounce Back
• Negative Sentiment: Deutsche Bank cuts target to $54 and keeps a Hold rating, removing a cushion for near-term upside and signaling limited analyst conviction at current levels. Benzinga coverage of Deutsche Bank price target change
• Negative Sentiment: Technical risk: Chart-focused commentary warns NKE is approaching a “make-or-break” support; if that fails, momentum traders may accelerate further downside. Nike stock price is nearing a make-or-break level: is it a buy?

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).