NIKE (NYSE:NKE) Stock Keeps “Underperform” Rating at Bank of America

NIKE (NYSE:NKE)‘s stock had its “underperform” rating reaffirmed by investment analysts at Bank of America in a research note issued to investors on Friday, Benzinga reports. They currently have a $30.00 price objective on the footwear maker’s stock, down from their prior price objective of $47.00. Bank of America‘s price target indicates a potential downside of 16.64% from the stock’s previous close.

A number of other equities analysts have also issued reports on the stock. China Renaissance lowered their target price on shares of NIKE from $50.30 to $47.30 and set a “hold” rating on the stock in a research report on Thursday, July 2nd. Morgan Stanley set a $31.00 price target on shares of NIKE and gave the stock an “underweight” rating in a research note on Thursday, September 10th. Needham & Company LLC reissued a “hold” rating on shares of NIKE in a research report on Thursday, June 4th. Weiss Ratings raised shares of NIKE from a “sell (d)” rating to a “sell (d+)” rating in a report on Friday, July 17th. Finally, Argus upgraded shares of NIKE to a “strong-buy” rating in a research note on Wednesday, July 15th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, twenty-one have assigned a Hold rating and seven have given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $47.91.

NIKE Stock Down 0.2%

NKE opened at $35.99 on Friday. NIKE has a one year low of $35.35 and a one year high of $76.97. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.36 and a current ratio of 1.96. The stock has a market capitalization of $53.39 billion, a P/E ratio of 17.22, a price-to-earnings-growth ratio of 1.84 and a beta of 1.10. The business’s 50-day simple moving average is $39.74 and its 200-day simple moving average is $43.63.

NIKE (NYSE:NKE) last released its quarterly earnings results on Tuesday, June 30th. The footwear maker reported $0.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.09. The firm had revenue of $10.97 billion for the quarter, compared to the consensus estimate of $10.85 billion. NIKE had a return on equity of 16.54% and a net margin of 6.70%.The firm’s quarterly revenue was down 1.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.14 EPS. Analysts anticipate that NIKE will post 1.67 EPS for the current year.

Insider Activity

In other news, CFO Matthew Friend sold 2,463 shares of NIKE stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $41.60, for a total value of $102,460.80. Following the sale, the chief financial officer owned 82,165 shares of the company’s stock, valued at $3,418,064. The trade was a 2.91% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Venkatesh Alagirisamy sold 3,671 shares of the business’s stock in a transaction dated Wednesday, September 9th. The stock was sold at an average price of $37.59, for a total transaction of $137,992.89. Following the transaction, the chief operating officer owned 104,862 shares in the company, valued at approximately $3,941,762.58. This trade represents a 3.38% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 14,974 shares of company stock worth $600,126 over the last quarter. Insiders own 1.10% of the company’s stock.

Institutional Trading of NIKE

A number of institutional investors have recently modified their holdings of NKE. TCM Advisors LLC grew its position in shares of NIKE by 1.8% during the fourth quarter. TCM Advisors LLC now owns 11,218 shares of the footwear maker’s stock worth $715,000 after buying an additional 200 shares in the last quarter. FAS Wealth Partners Inc. raised its holdings in NIKE by 4.2% in the first quarter. FAS Wealth Partners Inc. now owns 6,109 shares of the footwear maker’s stock valued at $323,000 after acquiring an additional 249 shares in the last quarter. Elevation Wealth Partners LLC boosted its stake in NIKE by 34.6% during the 2nd quarter. Elevation Wealth Partners LLC now owns 989 shares of the footwear maker’s stock valued at $41,000 after acquiring an additional 254 shares during the last quarter. Midwest Professional Planners LTD. grew its holdings in NIKE by 1.5% during the 1st quarter. Midwest Professional Planners LTD. now owns 17,904 shares of the footwear maker’s stock worth $946,000 after acquiring an additional 266 shares in the last quarter. Finally, Advance Capital Management Inc. increased its position in shares of NIKE by 7.1% in the 1st quarter. Advance Capital Management Inc. now owns 4,203 shares of the footwear maker’s stock worth $222,000 after purchasing an additional 279 shares during the last quarter. 64.25% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting NIKE

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: BTIG Research reaffirmed its Buy rating and maintained a $55 price target, implying significant upside from current levels. BTIG Research Reaffirms Buy Rating for NIKE
• Positive Sentiment: NIKE reportedly signed a roughly $200 million sponsorship agreement with the University of Miami. The deal could strengthen brand visibility, particularly in college sports, and support future apparel and footwear sales. NIKE Signs University of Miami Deal
• Positive Sentiment: Benchmark upgraded NIKE to Hold from a lower stance, while a major retail partner described the brand as “very strong,” providing some support for the long-term turnaround narrative.
• Neutral Sentiment: Options traders are pricing in an approximately 9% move around the October 1 earnings release, signaling elevated volatility rather than a clear directional expectation. NIKE Options Traders Expect Volatility
• Negative Sentiment: Analysts broadly expect fiscal first-quarter EPS and revenue to decline. Needham reiterated its Hold rating, reduced estimates, and warned of further downside; Barclays also cut its price target ahead of earnings.
• Negative Sentiment: NIKE lost football superstar Kylian Mbappé to On Holding, raising concerns about competitive pressure in global soccer and the company’s ability to retain high-profile athletes. On Holding Signs Kylian Mbappé
• Negative Sentiment: Commentary continues to highlight excess inventory, promotional activity, weak wholesale sell-through, and prolonged consumer-discretionary pressure. These issues could delay the expected sales and margin recovery.

NIKE Company Profile

NIKE, Inc is a global athletic footwear, apparel and equipment company headquartered near Beaverton, Oregon. The company designs, develops and markets products under the NIKE, Jordan and Converse brands, serving athletes and consumers across a broad range of sports and lifestyle categories.

NIKE’s offerings include athletic and casual footwear, sportswear, apparel, accessories and athletic equipment. The company distributes its products through company-owned retail stores, digital platforms, wholesale partners and independent distributors.