NIKE (NYSE:NKE) Given New $74.00 Price Target at Guggenheim

NIKE (NYSE:NKE) had its price objective decreased by Guggenheim from $77.00 to $74.00 in a research report released on Wednesday morning,Benzinga reports. Guggenheim currently has a buy rating on the footwear maker’s stock.

Several other equities analysts have also weighed in on the stock. Barclays raised shares of NIKE from an “equal weight” rating to an “overweight” rating and raised their price objective for the company from $64.00 to $73.00 in a research report on Wednesday, March 11th. Raymond James Financial reissued a “market perform” rating on shares of NIKE in a research report on Monday, December 15th. Robert W. Baird dropped their price target on shares of NIKE from $93.00 to $85.00 and set an “outperform” rating on the stock in a research note on Friday, December 19th. Royal Bank Of Canada restated an “outperform” rating and set a $78.00 price target on shares of NIKE in a report on Thursday, March 5th. Finally, Truist Financial set a $69.00 price objective on shares of NIKE in a research note on Wednesday, January 14th. Nineteen investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $64.43.

NIKE Stock Performance

Shares of NYSE NKE opened at $44.72 on Wednesday. The stock’s fifty day simple moving average is $59.27 and its 200 day simple moving average is $63.53. The stock has a market capitalization of $66.21 billion, a price-to-earnings ratio of 29.62, a PEG ratio of 2.78 and a beta of 1.31. The company has a quick ratio of 1.40, a current ratio of 2.06 and a debt-to-equity ratio of 0.50. NIKE has a 52-week low of $44.56 and a 52-week high of $80.17.

NIKE (NYSE:NKE) last issued its earnings results on Tuesday, March 31st. The footwear maker reported $0.35 EPS for the quarter, topping the consensus estimate of $0.29 by $0.06. NIKE had a return on equity of 16.56% and a net margin of 4.84%.The business had revenue of $11.28 billion during the quarter, compared to analysts’ expectations of $11.23 billion. During the same quarter last year, the firm posted $0.54 earnings per share. NIKE’s revenue was up .1% compared to the same quarter last year. As a group, sell-side analysts forecast that NIKE will post 2.05 earnings per share for the current fiscal year.

NIKE Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 1st. Shareholders of record on Monday, March 2nd were given a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date was Monday, March 2nd. NIKE’s dividend payout ratio is 96.47%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Cornerstone Financial Management LLC acquired a new position in shares of NIKE during the fourth quarter valued at $26,000. Sankala Group LLC acquired a new stake in NIKE in the fourth quarter worth about $26,000. J.Safra Asset Management Corp bought a new stake in NIKE during the 4th quarter worth about $29,000. Kemnay Advisory Services Inc. bought a new stake in NIKE during the 4th quarter worth about $30,000. Finally, Twin Peaks Wealth Advisors LLC acquired a new position in NIKE during the 2nd quarter valued at about $31,000. 64.25% of the stock is currently owned by institutional investors.

Key Stories Impacting NIKE

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).