NIKE (NYSE:NKE) Given “Neutral” Rating at The Goldman Sachs Group

The Goldman Sachs Group reaffirmed their neutral rating on shares of NIKE (NYSE:NKE) in a report published on Wednesday, Marketbeat reports. They currently have a $52.00 price target on the footwear maker’s stock.

NKE has been the topic of several other reports. Robert W. Baird lowered their price objective on shares of NIKE from $93.00 to $85.00 and set an “outperform” rating on the stock in a research report on Friday, December 19th. Argus decreased their target price on shares of NIKE from $85.00 to $70.00 in a research note on Tuesday, December 23rd. Oppenheimer reissued an “outperform” rating on shares of NIKE in a report on Wednesday, December 17th. Jefferies Financial Group restated a “buy” rating on shares of NIKE in a research report on Thursday, March 12th. Finally, Wells Fargo & Company set a $65.00 price objective on NIKE and gave the company an “overweight” rating in a research note on Friday, December 19th. Nineteen research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, NIKE currently has an average rating of “Moderate Buy” and a consensus target price of $64.43.

NIKE Price Performance

NKE stock opened at $44.72 on Wednesday. The company has a market capitalization of $66.21 billion, a P/E ratio of 29.62, a PEG ratio of 2.78 and a beta of 1.31. NIKE has a twelve month low of $44.56 and a twelve month high of $80.17. The business has a 50 day simple moving average of $59.27 and a 200-day simple moving average of $63.53. 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 (NYSE:NKE) last announced its earnings results on Tuesday, March 31st. The footwear maker reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 net margin of 4.84% and a return on equity of 16.56%. The company’s revenue for the quarter was up .1% compared to the same quarter last year. During the same period last year, the firm posted $0.54 earnings per share. As a group, equities analysts anticipate that NIKE will post 2.05 EPS for the current year.

NIKE Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 1st. Stockholders of record on Monday, March 2nd were issued a $0.41 dividend. The ex-dividend date of this dividend was Monday, March 2nd. This represents a $1.64 annualized dividend and a dividend yield of 3.7%. NIKE’s payout ratio is presently 96.47%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Brighton Jones LLC boosted its holdings in NIKE by 388.5% in the 4th quarter. Brighton Jones LLC now owns 202,411 shares of the footwear maker’s stock valued at $15,316,000 after purchasing an additional 160,980 shares in the last quarter. Caxton Associates LLP purchased a new position in shares of NIKE during the 1st quarter worth approximately $311,000. United Bank raised its stake in shares of NIKE by 11.3% during the 2nd quarter. United Bank now owns 17,067 shares of the footwear maker’s stock worth $1,212,000 after buying an additional 1,736 shares in the last quarter. Edgestream Partners L.P. lifted its holdings in shares of NIKE by 83.6% in the 2nd quarter. Edgestream Partners L.P. now owns 50,759 shares of the footwear maker’s stock valued at $3,606,000 after buying an additional 23,110 shares during the period. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in shares of NIKE by 410.3% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 132,942 shares of the footwear maker’s stock valued at $9,444,000 after buying an additional 106,891 shares during the period. 64.25% of the stock is owned by hedge funds and other institutional investors.

More 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

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).