NIKE (NYSE:NKE) Stock Keeps Buy Rating at BTIG Research

NIKE (NYSE:NKE)‘s stock had its “buy” rating reiterated by BTIG Research in a research note issued on Thursday, Benzinga reports. They currently have a $50.00 price objective on the footwear maker’s stock. BTIG Research‘s price target points to a potential upside of 33.29% from the company’s current price.

A number of other equities research analysts also recently weighed in on the company. China Renaissance lowered their target price on NIKE from $50.30 to $47.30 and set a “hold” rating for the company in a report on Thursday, July 2nd. DZ Bank downgraded NIKE from a “strong-buy” rating to a “strong sell” rating in a report on Friday, October 2nd. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $33.00 target price on shares of NIKE in a report on Friday, October 9th. KeyCorp reiterated a “sector weight” rating on shares of NIKE in a report on Friday, October 2nd. Finally, Freedom Broker upgraded NIKE from a “hold” rating to a “buy” rating and lowered their target price for the stock from $54.00 to $51.00 in a report on Friday, October 2nd. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, twenty-one have issued a Hold rating and eleven have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus target price of $40.93.

NIKE Trading Down 1.0%

Shares of NKE stock opened at $37.51 on Thursday. The company has a market cap of $55.72 billion, a P/E ratio of 18.04, a PEG ratio of 4.44 and a beta of 1.09. The stock has a 50 day simple moving average of $37.25 and a two-hundred day simple moving average of $41.35. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.39 and a current ratio of 2.07. NIKE has a fifty-two week low of $31.97 and a fifty-two week high of $70.44.

NIKE (NYSE:NKE) last issued its earnings results on Thursday, October 1st. The footwear maker reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.05. The business had revenue of $11.21 billion during the quarter, compared to the consensus estimate of $11.32 billion. NIKE had a return on equity of 15.94% and a net margin of 6.74%. The firm’s revenue for the quarter was down 4.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.49 earnings per share. NIKE has set its FY 2027 guidance at 1.150-1.350 EPS. Research analysts forecast that NIKE will post 1.22 earnings per share for the current year.

Insider Activity

In other news, insider Amy Montagne sold 4,867 shares of the stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $42.05, for a total value of $204,657.35. Following the completion of the sale, the insider owned 57,436 shares in the company, valued at $2,415,183.80. This represents a 7.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Philip McCartney sold 2,559 shares of NIKE stock in a transaction that occurred on Wednesday, September 9th. The stock was sold at an average price of $37.59, for a total transaction of $96,192.81. Following the transaction, the executive vice president directly owned 78,121 shares in the company, valued at approximately $2,936,568.39. This represents a 3.17% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 14,974 shares of company stock worth $600,126. Company insiders own 1.10% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. OneDigital Investment Advisors LLC boosted its position in NIKE by 32.8% during the second quarter. OneDigital Investment Advisors LLC now owns 244,296 shares of the footwear maker’s stock worth $10,028,000 after purchasing an additional 60,375 shares during the period. Douglas Lane & Associates LLC boosted its position in NIKE by 57.7% during the third quarter. Douglas Lane & Associates LLC now owns 1,521,611 shares of the footwear maker’s stock worth $53,865,000 after purchasing an additional 556,798 shares during the period. B.A. Schrock Wealth Management Inc. bought a new position in NIKE during the third quarter worth about $1,153,000. Quantitative Investment Management LLC bought a new position in NIKE during the second quarter worth about $2,459,000. Finally, Deutsche Bank AG boosted its position in NIKE by 8.0% during the second quarter. Deutsche Bank AG now owns 3,566,634 shares of the footwear maker’s stock worth $146,410,000 after purchasing an additional 264,576 shares during the period. 64.25% of the stock is currently owned by hedge funds and other institutional investors.

More NIKE News

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: BTIG reaffirms Buy rating: BTIG Research maintained its Buy rating and set a $50 price target, implying roughly 33% upside from the current share price. This signals confidence that Nike’s brand and turnaround efforts can eventually restore growth.
• Positive Sentiment: Dividend appeal remains strong: Nike has increased its dividend for nearly 25 years and now offers a forward yield of about 4.4%. The income stream may attract value-oriented investors, although the company has kept the dividend unchanged despite deteriorating operating results. All It Takes Is 1,220 Shares of Nike Stock to Generate $2,000 a Year in Dividends. Is It Worth It?
• Positive Sentiment: Additional analyst support: Argus Research also issued a Buy rating, adding to the case that Nike’s depressed valuation could offer substantial upside if its brand reset and wholesale recovery gain traction. Nike Gets a Buy from Argus Research
• Neutral Sentiment: Q2 estimates are being updated: Analysts have issued new forecasts for Nike’s fiscal second-quarter earnings, but the available report does not identify a significant estimate change or new company guidance. Analysts Issue Forecasts for NIKE’s Q2 Earnings
• Negative Sentiment: Turnaround remains unproven: Analysts and market commentary point to stagnant sales, weak recent results, restructuring costs and layoffs. Nike expects fiscal 2027 sales to decline, while investors are waiting for clearer evidence that its portfolio reset and brand strategy can reignite growth. Nike Restructuring And Layoffs Put Pressure On Turnaround And Portfolio Reset

About NIKE

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

NIKE’s product portfolio includes athletic and casual footwear, performance and lifestyle apparel, sports equipment, accessories and digital fitness-related offerings. The company distributes its products through company-owned retail stores, digital platforms and wholesale partners, while also operating direct-to-consumer and membership programs.

The company traces its origins to 1964, when Phil Knight and Bill Bowerman founded Blue Ribbon Sports.