NIKE, Inc. (NYSE:NKE) Given Consensus Recommendation of “Hold” by Analysts

NIKE, Inc. (NYSE:NKE) has received an average recommendation of “Hold” from the thirty-six ratings firms that are covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell rating, eighteen have issued a hold rating and fifteen have issued a buy rating on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $60.8879.

A number of equities analysts have issued reports on the stock. Wells Fargo & Company set a $45.00 price objective on shares of NIKE and gave the stock an “equal weight” rating in a report on Friday, May 8th. Zacks Research lowered shares of NIKE from a “hold” rating to a “strong sell” rating in a research note on Monday, June 1st. DA Davidson lowered shares of NIKE from a “buy” rating to a “neutral” rating and reduced their target price for the stock from $72.00 to $46.00 in a research note on Thursday, April 2nd. Stifel Nicolaus reduced their target price on shares of NIKE from $65.00 to $56.00 and set a “hold” rating for the company in a research note on Wednesday, April 1st. Finally, Jefferies Financial Group reduced their target price on shares of NIKE from $110.00 to $90.00 and set a “buy” rating for the company in a research note on Wednesday, April 1st.

NIKE News Summary

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: NIKE is entering the World Cup with a major global marketing push, including new football boots, federation shirts, and refreshed store displays, which could boost brand visibility and merchandise sales. Nike gets World Cup opportunity it can’t afford to waste
• Positive Sentiment: Reports of record Knicks championship merchandise sales suggest strong demand tied to major sports moments, reinforcing Nike’s ability to monetize high-profile events. Nike (NKE) Sees Record Knicks Merch Sales As The World Cup Begins
• Neutral Sentiment: Several recent articles frame NIKE as a fairly valued stock after a multi-year decline, suggesting investors may see the shares as pricing in a lot of bad news already. Nike (NKE) Stock Price Looks Fair After Multi‑Year Slide And DCF Check
• Neutral Sentiment: Analysts continue to compare Nike with stronger-performing footwear peers like Steven Madden, highlighting that Nike still faces turnaround pressure and relative growth concerns. NIKE vs. Steven Madden: Which Stock Has an Edge in the Footwear Space?
• Negative Sentiment: Nike is still viewed as struggling to regain momentum ahead of its June 30 earnings report, keeping attention on whether management can show a real improvement in the business. Nike Stock Struggling to Bounce Back Before Earnings

NIKE Stock Performance

Shares of NKE stock opened at $44.19 on Thursday. The firm has a market capitalization of $65.45 billion, a PE ratio of 29.27, a price-to-earnings-growth ratio of 1.95 and a beta of 1.12. The firm has a fifty day simple moving average of $44.30 and a two-hundred day simple moving average of $54.99. The company has a current ratio of 2.14, a quick ratio of 1.45 and a debt-to-equity ratio of 0.50. NIKE has a 12 month low of $41.35 and a 12 month high of $80.17.

NIKE (NYSE:NKE) last announced its quarterly earnings results on Tuesday, March 31st. The footwear maker reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.06. The business had revenue of $11.28 billion during the quarter, compared to analyst estimates of $11.23 billion. NIKE had a net margin of 4.84% and a return on equity of 16.41%. NIKE’s quarterly revenue was up .1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.54 EPS. Analysts forecast that NIKE will post 1.49 EPS for the current fiscal year.

NIKE Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Monday, June 1st will be paid a $0.41 dividend. The ex-dividend date is Monday, June 1st. This represents a $1.64 annualized dividend and a dividend yield of 3.7%. NIKE’s dividend payout ratio is presently 108.61%.

Insider Transactions at NIKE

In other news, EVP Philip Mccartney sold 17,398 shares of the company’s stock in a transaction on Friday, June 12th. The shares were sold at an average price of $46.18, for a total value of $803,439.64. Following the completion of the sale, the executive vice president owned 53,133 shares in the company, valued at $2,453,681.94. This represents a 24.67% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director John W. Rogers, Jr. bought 4,000 shares of NIKE stock in a transaction dated Thursday, April 9th. The stock was purchased at an average price of $43.34 per share, with a total value of $173,360.00. Following the purchase, the director owned 41,022 shares in the company, valued at approximately $1,777,893.48. This represents a 10.80% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last 90 days, insiders have purchased 64,441 shares of company stock worth $2,734,204. 0.80% of the stock is owned by insiders.

Institutional Trading of NIKE

Several institutional investors have recently made changes to their positions in NKE. J. Stern & Co. LLP boosted its holdings in shares of NIKE by 49,010.4% in the 4th quarter. J. Stern & Co. LLP now owns 48,054,542 shares of the footwear maker’s stock worth $3,061,555,000 after buying an additional 47,956,692 shares during the last quarter. Norges Bank purchased a new position in shares of NIKE in the 4th quarter worth about $829,956,000. Harris Associates L P purchased a new position in shares of NIKE in the 2nd quarter worth about $621,525,000. Capital World Investors boosted its holdings in shares of NIKE by 16.2% in the 4th quarter. Capital World Investors now owns 49,069,951 shares of the footwear maker’s stock worth $3,126,246,000 after buying an additional 6,830,938 shares during the last quarter. Finally, Jasper Ridge Partners L.P. boosted its holdings in shares of NIKE by 2,492.4% in the 4th quarter. Jasper Ridge Partners L.P. now owns 4,883,229 shares of the footwear maker’s stock worth $311,111,000 after buying an additional 4,694,859 shares during the last quarter. Institutional investors own 64.25% of the company’s stock.

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).