NIKE’s (NKE) Neutral Rating Reaffirmed at JPMorgan Chase & Co.

JPMorgan Chase & Co. reaffirmed their neutral rating on shares of NIKE (NYSE:NKE) in a report released on Wednesday, Marketbeat reports. JPMorgan Chase & Co. currently has a $52.00 target price on the footwear maker’s stock.

NKE has been the subject of a number of other research reports. KeyCorp dropped their price objective on shares of NIKE from $90.00 to $75.00 and set an “overweight” rating for the company in a report on Thursday, January 22nd. Daiwa Securities Group reduced their target price on shares of NIKE from $75.00 to $61.00 in a research note on Tuesday, December 23rd. Piper Sandler set a $75.00 target price on shares of NIKE and gave the company an “overweight” rating in a report on Friday, December 19th. DZ Bank reissued a “buy” rating on shares of NIKE in a research note on Friday, December 19th. Finally, The Goldman Sachs Group cut their price target on shares of NIKE from $77.00 to $76.00 and set a “buy” rating for the company in a report on Thursday, January 29th. Nineteen equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $64.43.

NIKE Stock Performance

NYSE NKE opened at $44.72 on Wednesday. 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 stock’s fifty day moving average is $59.27 and its two-hundred day moving average is $63.53. The firm has a market capitalization of $66.21 billion, a P/E ratio of 29.62, a price-to-earnings-growth ratio of 2.78 and a beta of 1.31. NIKE has a fifty-two week low of $44.56 and a fifty-two week high of $80.17.

NIKE (NYSE:NKE) last issued 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. 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 the consensus estimate of $11.23 billion. During the same period last year, the company earned $0.54 EPS. The company’s revenue for the quarter was up .1% on a year-over-year basis. On average, research analysts anticipate that NIKE will post 2.05 earnings per share for the current year.

NIKE Dividend Announcement

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

Institutional Investors Weigh In On NIKE

Institutional investors have recently made changes to their positions in the stock. Purpose Unlimited Inc. purchased a new stake in shares of NIKE in the 4th quarter valued at approximately $57,000. Cornerstone Planning LLC purchased a new position in shares of NIKE during the 4th quarter worth approximately $1,431,000. Bank of New Hampshire boosted its position in shares of NIKE by 3,257.1% during the 4th quarter. Bank of New Hampshire now owns 1,175 shares of the footwear maker’s stock worth $75,000 after purchasing an additional 1,140 shares during the period. World Investment Advisors increased its holdings in NIKE by 1.2% in the 4th quarter. World Investment Advisors now owns 54,578 shares of the footwear maker’s stock valued at $3,477,000 after purchasing an additional 644 shares during the last quarter. Finally, ARP Global Capital Ltd purchased a new stake in NIKE in the fourth quarter valued at approximately $4,715,000. 64.25% of the stock is currently owned by institutional investors and hedge funds.

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).