NIKE (NYSE:NKE) Downgraded to Market Perform Rating by Telsey Advisory Group

NIKE (NYSE:NKE) was downgraded by investment analysts at Telsey Advisory Group from an “outperform” rating to a “market perform” rating in a research report issued to clients and investors on Friday, Marketbeat reports. They presently have a $80.00 price target on the footwear maker’s stock, down from their previous price target of $93.00. Telsey Advisory Group’s target price would indicate a potential upside of 3.76% from the company’s current price. Telsey Advisory Group also issued estimates for NIKE’s Q2 2025 earnings at $0.62 EPS, Q3 2025 earnings at $0.48 EPS, Q4 2025 earnings at $0.69 EPS, FY2025 earnings at $2.50 EPS, Q1 2026 earnings at $0.78 EPS, Q2 2026 earnings at $0.79 EPS, Q4 2026 earnings at $0.88 EPS and FY2026 earnings at $3.10 EPS.

A number of other research analysts have also recently commented on NKE. Royal Bank of Canada lowered their target price on NIKE from $82.00 to $80.00 and set a “sector perform” rating for the company in a research note on Thursday, November 7th. Daiwa America lowered NIKE from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, September 11th. JPMorgan Chase & Co. reduced their target price on shares of NIKE from $77.00 to $73.00 and set a “neutral” rating on the stock in a research report on Monday, December 2nd. Guggenheim lowered their price target on shares of NIKE from $115.00 to $110.00 and set a “buy” rating for the company in a research report on Wednesday, October 2nd. Finally, Sanford C. Bernstein dropped their price objective on shares of NIKE from $112.00 to $109.00 and set an “outperform” rating on the stock in a research note on Thursday, September 19th. Fifteen equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $90.81.

NIKE Stock Up 0.3 %

Shares of NYSE NKE opened at $77.10 on Friday. The firm has a fifty day simple moving average of $78.18 and a two-hundred day simple moving average of $80.77. NIKE has a 12 month low of $70.75 and a 12 month high of $123.39. The company has a current ratio of 2.36, a quick ratio of 1.58 and a debt-to-equity ratio of 0.57. The firm has a market capitalization of $115.60 billion, a PE ratio of 22.09, a price-to-earnings-growth ratio of 1.89 and a beta of 1.02.

NIKE (NYSE:NKE) last announced its quarterly earnings results on Thursday, December 19th. The footwear maker reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.15. NIKE had a net margin of 10.60% and a return on equity of 39.84%. The company had revenue of $12.35 billion for the quarter, compared to analysts’ expectations of $12.11 billion. During the same quarter in the previous year, the company earned $1.03 earnings per share. NIKE’s quarterly revenue was down 7.7% on a year-over-year basis. Equities analysts expect that NIKE will post 2.72 earnings per share for the current year.

Institutional Investors Weigh In On NIKE

A number of large investors have recently added to or reduced their stakes in the stock. Loomis Sayles & Co. L P boosted its stake in shares of NIKE by 1,209,638.7% in the 3rd quarter. Loomis Sayles & Co. L P now owns 6,508,394 shares of the footwear maker’s stock worth $575,342,000 after buying an additional 6,507,856 shares during the last quarter. State Street Corp lifted its holdings in NIKE by 3.3% in the third quarter. State Street Corp now owns 57,916,789 shares of the footwear maker’s stock valued at $5,140,796,000 after acquiring an additional 1,862,021 shares during the period. Holocene Advisors LP purchased a new position in NIKE in the third quarter worth about $148,635,000. B. Metzler seel. Sohn & Co. Holding AG bought a new stake in shares of NIKE during the 3rd quarter valued at about $144,927,000. Finally, Renaissance Technologies LLC increased its position in shares of NIKE by 351.7% during the 2nd quarter. Renaissance Technologies LLC now owns 1,991,519 shares of the footwear maker’s stock valued at $150,101,000 after purchasing an additional 1,550,611 shares during the last quarter. Institutional investors own 64.25% of the company’s stock.

About NIKE

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.