NIKE (NYSE:NKE) Price Target Cut to $96.00

NIKE (NYSE:NKE) had its price target lowered by equities research analysts at Telsey Advisory Group from $100.00 to $96.00 in a report released on Wednesday, Marketbeat.com reports. The brokerage currently has an “outperform” rating on the footwear maker’s stock. Telsey Advisory Group’s price objective would suggest a potential upside of 16.92% from the stock’s current price. Telsey Advisory Group also issued estimates for NIKE’s Q2 2026 earnings at $0.81 EPS and Q3 2026 earnings at $0.65 EPS.

A number of other brokerages also recently issued reports on NKE. Stifel Nicolaus lowered their price objective on NIKE from $88.00 to $79.00 and set a “hold” rating for the company in a research report on Monday, August 26th. Wedbush decreased their target price on shares of NIKE from $115.00 to $97.00 and set an “outperform” rating for the company in a research report on Friday, June 28th. The Goldman Sachs Group lowered their price objective on NIKE from $118.00 to $105.00 and set a “buy” rating for the company in a research note on Friday, June 28th. TD Cowen dropped their price target on shares of NIKE from $75.00 to $71.00 and set a “hold” rating on the stock in a research report on Thursday, July 25th. Finally, Citigroup decreased their price target on NIKE from $115.00 to $102.00 and set a “buy” rating for the company in a research report on Friday, June 28th. Fifteen equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $96.04.

NIKE Trading Down 1.2 %

Shares of NIKE stock opened at $82.11 on Wednesday. The firm’s 50 day moving average is $80.71 and its 200 day moving average is $86.36. The firm has a market capitalization of $123.93 billion, a PE ratio of 22.01, a price-to-earnings-growth ratio of 2.30 and a beta of 1.02. NIKE has a 1 year low of $70.75 and a 1 year high of $123.39. The company has a current ratio of 2.40, a quick ratio of 1.69 and a debt-to-equity ratio of 0.55.

NIKE (NYSE:NKE) last issued its earnings results on Tuesday, October 1st. The footwear maker reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.52 by $0.18. NIKE had a return on equity of 42.63% and a net margin of 11.10%. The business had revenue of $11.59 billion during the quarter, compared to analysts’ expectations of $11.64 billion. During the same quarter in the prior year, the firm earned $0.94 EPS. The business’s revenue for the quarter was down 10.4% compared to the same quarter last year. Equities research analysts forecast that NIKE will post 3.04 earnings per share for the current fiscal year.

Insider Transactions at NIKE

In related news, Chairman Mark G. Parker sold 52,487 shares of the stock in a transaction dated Wednesday, August 14th. The stock was sold at an average price of $78.00, for a total transaction of $4,093,986.00. Following the completion of the sale, the chairman now directly owns 1,031,226 shares in the company, valued at approximately $80,435,628. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other NIKE news, Chairman Mark G. Parker sold 110,000 shares of the company’s stock in a transaction on Thursday, July 18th. The shares were sold at an average price of $72.97, for a total value of $8,026,700.00. Following the completion of the transaction, the chairman now directly owns 1,102,090 shares in the company, valued at approximately $80,419,507.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Mark G. Parker sold 52,487 shares of NIKE stock in a transaction dated Wednesday, August 14th. The shares were sold at an average price of $78.00, for a total transaction of $4,093,986.00. Following the sale, the chairman now directly owns 1,031,226 shares in the company, valued at approximately $80,435,628. The disclosure for this sale can be found here. Company insiders own 0.50% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Rockland Trust Co. boosted its stake in NIKE by 7.3% during the third quarter. Rockland Trust Co. now owns 202,970 shares of the footwear maker’s stock worth $17,943,000 after acquiring an additional 13,721 shares in the last quarter. Czech National Bank increased its holdings in shares of NIKE by 6.0% in the 3rd quarter. Czech National Bank now owns 244,750 shares of the footwear maker’s stock worth $21,636,000 after purchasing an additional 13,918 shares in the last quarter. Ables Iannone Moore & Associates Inc. purchased a new position in NIKE in the 3rd quarter worth about $293,000. Jacobs & Co. CA raised its holdings in shares of NIKE by 8.5% during the third quarter. Jacobs & Co. CA now owns 150,818 shares of the footwear maker’s stock valued at $13,332,000 after purchasing an additional 11,877 shares during the last quarter. Finally, Mattson Financial Services LLC purchased a new stake in NIKE during the 2nd quarter valued at $887,000. Institutional investors own 64.25% of the company’s stock.

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.