NIKE (NYSE:NKE) Lowered to “Hold” Rating by Evercore

Posted by Casey Walker on Jun 24th, 2026

Evercore downgraded shares of NIKE (NYSE:NKE – Free Report) from a strong-buy rating to a hold rating in a research report released on Tuesday,Zacks.com reports.

Several other brokerages also recently issued reports on NKE. Citigroup cut their price target on NIKE from $53.00 to $47.00 and set a “neutral” rating for the company in a report on Wednesday, June 10th. The Goldman Sachs Group set a $46.00 price target on shares of NIKE and gave the company a “neutral” rating in a research report on Tuesday. CICC Research downgraded NIKE from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from $69.00 to $58.00 in a research report on Monday, April 6th. DZ Bank restated a “buy” rating on shares of NIKE in a research note on Tuesday, April 21st. Finally, Stifel Nicolaus decreased their price target on NIKE from $65.00 to $56.00 and set a “hold” rating on the stock in a research report on Wednesday, April 1st. Fourteen investment analysts have rated the stock with a Buy rating, nineteen have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $60.01.

Check Out Our Latest Stock Report on NKE

NIKE Stock Down 1.6%

NYSE:NKE opened at $42.49 on Tuesday. The firm has a market capitalization of $62.92 billion, a price-to-earnings ratio of 28.14, a price-to-earnings-growth ratio of 1.87 and a beta of 1.12. The company has a quick ratio of 1.45, a current ratio of 2.14 and a debt-to-equity ratio of 0.50. NIKE has a twelve month low of $41.35 and a twelve month high of $80.17. The stock’s 50 day moving average price is $44.38 and its two-hundred day moving average price is $54.40.

NIKE (NYSE:NKE – Get Free Report) last issued its earnings results on Tuesday, March 31st. The footwear maker reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.06. The business had revenue of $11.28 billion for the quarter, compared to the consensus estimate of $11.23 billion. NIKE had a net margin of 4.84% and a return on equity of 16.41%. The firm’s revenue for the quarter was up .1% on a year-over-year basis. During the same period in the previous year, the company earned $0.54 earnings per share. Equities research analysts expect that NIKE will post 1.49 earnings per share for the current fiscal year.

NIKE Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Monday, June 1st will be given a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date is Monday, June 1st. NIKE’s payout ratio is currently 108.61%.

Insider Activity

In related news, Director John W. Rogers, Jr. bought 4,000 shares of the company’s 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 completion of the acquisition, the director owned 41,022 shares of the company’s stock, valued at $1,777,893.48. The trade was a 10.80% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Elliott Hill purchased 23,660 shares of NIKE stock in a transaction dated Monday, April 13th. The stock was bought at an average price of $42.27 per share, for a total transaction of $1,000,108.20. Following the completion of the purchase, the chief executive officer owned 265,247 shares in the company, valued at $11,211,990.69. This represents a 9.79% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders have acquired 64,441 shares of company stock valued at $2,734,204. Corporate insiders own 0.80% of the company’s stock.

Institutional Investors Weigh In On NIKE

Hedge funds and other institutional investors have recently bought and sold shares of the company. Main Street Financial Solutions LLC increased its stake in NIKE by 4.2% in the 2nd quarter. Main Street Financial Solutions LLC now owns 3,441 shares of the footwear maker’s stock worth $244,000 after buying an additional 139 shares during the period. Diligent Investors LLC boosted its position in NIKE by 4.3% in the 4th quarter. Diligent Investors LLC now owns 3,719 shares of the footwear maker’s stock valued at $237,000 after buying an additional 153 shares during the period. Massachusetts Financial Services Co. MA boosted its position in NIKE by 4.3% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 3,978 shares of the footwear maker’s stock valued at $253,000 after buying an additional 163 shares during the period. Lakeshore Capital Group Inc. grew its stake in NIKE by 2.9% in the 4th quarter. Lakeshore Capital Group Inc. now owns 5,868 shares of the footwear maker’s stock worth $374,000 after acquiring an additional 165 shares in the last quarter. Finally, ANB Bank increased its position in shares of NIKE by 0.7% during the fourth quarter. ANB Bank now owns 25,451 shares of the footwear maker’s stock worth $1,621,000 after acquiring an additional 165 shares during the period. Institutional investors own 64.25% of the company’s stock.

Key Headlines Impacting NIKE

Here are the key news stories impacting NIKE this week:

Positive Sentiment: NIKE named Pfizer executive David M. Denton as its next Chief Financial Officer, a leadership change that some investors view as a constructive step for the company’s turnaround and financial execution. Reuters: Nike names Pfizer executive David Denton as CFO amid slow turnaround effort
Positive Sentiment: NIKE also reaffirmed its fourth-quarter outlook, signaling that results remain on track ahead of its June 30 earnings report and easing some near-term uncertainty. BusinessWire: NIKE, Inc. Announces Planned CFO Transition
Neutral Sentiment: Investors are watching the company’s upcoming investor update and earnings release closely, with analysts expecting weak quarterly profit and modest revenue growth as NIKE works to stabilize its business. Benzinga: Nike Likely To Report Lower Q4 Earnings
Negative Sentiment: Evercore ISI downgraded NIKE and lowered its price target, citing channel weakness, Jordan brand softness, and supply delays in Europe, reinforcing concerns that the turnaround is taking longer than hoped. TipRanks: Nike Stock Slides as Analyst Flags Minimal Needle-Moving Innovation
Negative Sentiment: Other analyst commentary has also stayed cautious, with BNP Paribas Exane reaffirming an underperform rating, suggesting sentiment remains weak despite the CFO announcement. Benzinga: NIKE underperform rating reaffirmed

NIKE Company Profile

(Get Free Report)

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).