NIKE, Inc. (NYSE:NKE) Stock Has Consensus Target Price of $47.91

NIKE, Inc. (NYSE:NKE) has earned a consensus recommendation of “Hold” from the thirty-eight research firms that are covering the firm, Marketbeat Ratings reports. Seven equities research analysts have rated the stock with a sell rating, twenty-one have issued a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $46.77.

NKE has been the subject of a number of research reports. Telsey Advisory Group set a $44.00 price target on shares of NIKE and gave the company a “market perform” rating in a research report on Tuesday, September 15th. Royal Bank Of Canada restated a “neutral” rating on shares of NIKE in a report on Tuesday, September 22nd. CICC Research cut their price target on NIKE from $58.00 to $44.80 and set a “neutral” rating for the company in a report on Thursday, July 2nd. Benchmark raised NIKE to a “hold” rating in a research note on Tuesday, September 22nd. Finally, China Renaissance lowered their price objective on NIKE from $50.30 to $47.30 and set a “hold” rating for the company in a research report on Thursday, July 2nd.

NIKE News Summary

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: Potential earnings improvement: Jefferies expects Nike to deliver a first-quarter beat, citing stabilization in North America and wholesale, healthier inventories, and earlier gross-margin expansion. Nike set for Q1 beat as margins improve, Jefferies says
• Positive Sentiment: Options market remains constructive: Options traders are reportedly bullish heading into the earnings release, suggesting some investors expect a favorable post-earnings move. Ahead of Nike Earnings, Here’s What Barchart Data Says Comes Next for NKE Stock
• Positive Sentiment: Brand-building expertise added to the board: Nike appointed Alexandre Arnault, a senior LVMH executive, bringing additional European consumer-market and luxury-brand experience to its governance team. Nike Brings Alexandre Arnault Onto Its Board
• Neutral Sentiment: Turnaround depends on product innovation: Nike is relying on new footwear launches and its Sport Offense strategy to rebuild sportswear momentum, but digital weakness and promotional activity remain obstacles. Will New Footwear Launches Help NIKE Rebuild Sportswear Momentum?
• Neutral Sentiment: Earnings are the key near-term catalyst: Investors are looking for management to provide evidence that North America, China, wholesale demand, margins, and inventory trends are improving. Retail investors are largely holding their positions ahead of the report.
• Negative Sentiment: Analyst sentiment has deteriorated: Evercore cut its price target to $34, HSBC to $40, Deutsche Bank to $37, Goldman Sachs to $38, and Piper Sandler moved to Neutral with a $38 target. The revisions reflect expectations for a slower recovery and heavier promotions.
• Negative Sentiment: China and the broader turnaround remain major risks: Nike’s once-important China business is weakening, with sales reportedly down 12% in the latest quarter. Analysts warn that brand rebuilding, innovation, and recovery may take longer than expected, raising the risk of another negative earnings reset. Nike stock is near a 12-year low

NIKE Price Performance

Shares of NYSE:NKE opened at $36.40 on Friday. The company has a quick ratio of 1.36, a current ratio of 1.96 and a debt-to-equity ratio of 0.40. The company has a 50-day moving average price of $39.44 and a 200 day moving average price of $43.34. The company has a market cap of $53.99 billion, a P/E ratio of 17.41, a PEG ratio of 1.84 and a beta of 1.10. NIKE has a 52 week low of $35.22 and a 52 week high of $76.97.

NIKE (NYSE:NKE) last announced its quarterly earnings data on Tuesday, June 30th. The footwear maker reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.09. NIKE had a return on equity of 16.54% and a net margin of 6.70%.The firm had revenue of $10.97 billion for the quarter, compared to analyst estimates of $10.85 billion. During the same quarter in the prior year, the company posted $0.14 earnings per share. NIKE’s quarterly revenue was down 1.1% on a year-over-year basis. Research analysts predict that NIKE will post 1.66 earnings per share for the current year.

NIKE Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Tuesday, September 1st will be issued a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 4.5%. The ex-dividend date is Tuesday, September 1st. NIKE’s dividend payout ratio is presently 78.47%.

Insider Activity at NIKE

In related news, COO Venkatesh Alagirisamy sold 3,671 shares of NIKE stock in a transaction on Wednesday, September 9th. The stock was sold at an average price of $37.59, for a total value 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. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Amy Montagne sold 4,867 shares of NIKE 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 transaction, the insider directly 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 disclosure for this sale is available in the SEC filing. Insiders sold 14,974 shares of company stock valued at $600,126 over the last quarter. 1.10% of the stock is currently owned by corporate insiders.

Institutional Trading of NIKE

Several large investors have recently added to or reduced their stakes in NKE. Westerkirk Capital Inc. raised its position in shares of NIKE by 52.4% during the 4th quarter. Westerkirk Capital Inc. now owns 131,220 shares of the footwear maker’s stock worth $8,360,000 after buying an additional 45,100 shares in the last quarter. OMERS ADMINISTRATION Corp lifted its stake in shares of NIKE by 77.9% in the 4th quarter. OMERS ADMINISTRATION Corp now owns 2,526,179 shares of the footwear maker’s stock worth $160,943,000 after acquiring an additional 1,106,499 shares during the period. OneDigital Investment Advisors LLC boosted its holdings in shares of NIKE by 32.8% in the second quarter. OneDigital Investment Advisors LLC now owns 244,296 shares of the footwear maker’s stock valued at $10,028,000 after acquiring an additional 60,375 shares in the last quarter. Deutsche Bank AG increased its stake in shares of NIKE by 8.0% during the second quarter. Deutsche Bank AG now owns 3,566,634 shares of the footwear maker’s stock valued at $146,410,000 after acquiring an additional 264,576 shares during the period. Finally, Quantitative Investment Management LLC acquired a new position in shares of NIKE during the second quarter valued at approximately $2,459,000. 64.25% of the stock is currently owned by institutional investors and hedge funds.

About NIKE

NIKE, Inc is a global sportswear company that designs, develops, markets and sells athletic footwear, apparel, equipment, accessories and related services. Its products are marketed under the NIKE, Jordan and Converse brands and are used across a broad range of sports and lifestyle activities, including running, basketball, football, training and outdoor pursuits.

The company distributes its products through a combination of wholesale partners, NIKE-owned retail stores and digital platforms.