Telsey Advisory Group Issues Positive Forecast for NIKE (NYSE:NKE) Stock Price

NIKE (NYSE:NKE) had its price objective upped by Telsey Advisory Group from $70.00 to $75.00 in a report published on Tuesday morning, Marketbeat.com reports. They currently have a market perform rating on the footwear maker’s stock. Telsey Advisory Group also issued estimates for NIKE’s Q2 2026 earnings at $0.53 EPS, Q3 2026 earnings at $0.53 EPS, Q4 2026 earnings at $0.38 EPS, Q1 2027 earnings at $0.47 EPS, Q2 2027 earnings at $0.74 EPS, Q3 2027 earnings at $0.72 EPS and Q4 2027 earnings at $0.56 EPS.

A number of other equities analysts have also recently commented on the stock. Deutsche Bank Aktiengesellschaft cut their price target on shares of NIKE from $77.00 to $71.00 and set a “buy” rating for the company in a research note on Friday, June 20th. HSBC upgraded shares of NIKE from a “hold” rating to a “buy” rating and set a $80.00 price objective for the company in a report on Friday, June 27th. Needham & Company LLC boosted their price objective on shares of NIKE from $66.00 to $78.00 and gave the stock a “buy” rating in a report on Friday, June 27th. The Goldman Sachs Group boosted their price objective on shares of NIKE from $72.00 to $81.00 and gave the stock a “buy” rating in a report on Friday, June 27th. Finally, Jefferies Financial Group restated a “buy” rating and issued a $115.00 price objective on shares of NIKE in a report on Friday, August 22nd. Three equities research analysts have rated the stock with a Strong Buy rating, twenty have assigned a Buy rating and ten have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $79.46.

NIKE Price Performance

NKE stock opened at $69.32 on Tuesday. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.21 and a quick ratio of 1.50. NIKE has a one year low of $52.28 and a one year high of $90.62. The stock has a market cap of $102.38 billion, a PE ratio of 32.09, a P/E/G ratio of 2.59 and a beta of 1.24. The firm has a 50 day simple moving average of $75.05 and a two-hundred day simple moving average of $67.38.

NIKE (NYSE:NKE) last released its quarterly earnings results on Thursday, June 26th. The footwear maker reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.02. NIKE had a net margin of 6.95% and a return on equity of 23.33%. The business had revenue of $11.10 billion during the quarter, compared to analysts’ expectations of $10.69 billion. During the same quarter in the previous year, the company earned $0.99 EPS. The business’s quarterly revenue was down 11.9% compared to the same quarter last year. On average, analysts predict that NIKE will post 2.05 EPS for the current fiscal year.

NIKE Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Tuesday, September 2nd will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date is Tuesday, September 2nd. NIKE’s dividend payout ratio is currently 74.07%.

Insider Buying and Selling

In related news, Chairman Mark G. Parker sold 86,078 shares of the company’s stock in a transaction on Thursday, August 14th. The shares were sold at an average price of $75.93, for a total transaction of $6,535,902.54. Following the completion of the sale, the chairman directly owned 744,988 shares in the company, valued at $56,566,938.84. This represents a 10.36% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 0.80% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On NIKE

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NKE. Brighton Jones LLC raised its holdings in NIKE by 388.5% during the 4th quarter. Brighton Jones LLC now owns 202,411 shares of the footwear maker’s stock valued at $15,316,000 after buying an additional 160,980 shares during the last quarter. Bank Pictet & Cie Europe AG raised its holdings in NIKE by 10.3% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 190,915 shares of the footwear maker’s stock worth $14,447,000 after purchasing an additional 17,888 shares in the last quarter. Ascent Group LLC bought a new position in NIKE in the 4th quarter worth $214,000. Integrated Advisors Network LLC raised its holdings in NIKE by 10.3% in the 4th quarter. Integrated Advisors Network LLC now owns 20,518 shares of the footwear maker’s stock worth $1,553,000 after purchasing an additional 1,911 shares in the last quarter. Finally, Heck Capital Advisors LLC bought a new position in NIKE in the 4th quarter worth $28,000. 64.25% of the stock is currently owned by institutional investors.

NIKE Company Profile

NIKE, Inc, together with its subsidiaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, accessories, and services worldwide. The company provides athletic and casual footwear, apparel, and accessories under the Jumpman trademark; and casual sneakers, apparel, and accessories under the Converse, Chuck Taylor, All Star, One Star, Star Chevron, and Jack Purcell trademarks.