NIKE (NKE) – Research Analysts’ Weekly Ratings Changes

Posted by Stanley Muller on Jan 10th, 2025

A number of firms have modified their ratings and price targets on shares of NIKE (NYSE: NKE) recently:

1/10/2025 – NIKE was upgraded by analysts at Piper Sandler from a “neutral” rating to an “overweight” rating. They now have a $90.00 price target on the stock, up previously from $72.00.
12/26/2024 – NIKE had its “neutral” rating reaffirmed by analysts at UBS Group AG. They now have a $73.00 price target on the stock.
12/23/2024 – NIKE was upgraded by analysts at DA Davidson to a “strong-buy” rating.
12/23/2024 – NIKE had its price target lowered by analysts at Robert W. Baird from $110.00 to $105.00. They now have an “outperform” rating on the stock.
12/20/2024 – NIKE had its price target lowered by analysts at UBS Group AG from $80.00 to $73.00. They now have a “neutral” rating on the stock.
12/20/2024 – NIKE was downgraded by analysts at Telsey Advisory Group from an “outperform” rating to a “market perform” rating. They now have a $80.00 price target on the stock, down previously from $93.00.
12/20/2024 – NIKE had its price target lowered by analysts at Stifel Nicolaus from $79.00 to $75.00. They now have a “hold” rating on the stock.
12/20/2024 – NIKE had its price target lowered by analysts at Barclays PLC from $79.00 to $70.00. They now have an “equal weight” rating on the stock.
12/20/2024 – NIKE had its price target lowered by analysts at Morgan Stanley from $80.00 to $74.00. They now have an “equal weight” rating on the stock.
12/20/2024 – NIKE had its price target lowered by analysts at Truist Financial Co. from $97.00 to $90.00. They now have a “buy” rating on the stock.
12/20/2024 – NIKE had its “buy” rating reaffirmed by analysts at Needham & Company LLC. They now have a $84.00 price target on the stock.
12/20/2024 – NIKE had its price target lowered by analysts at Bank of America Co. from $95.00 to $90.00. They now have a “buy” rating on the stock.
12/16/2024 – NIKE had its price target lowered by analysts at Wells Fargo & Company from $95.00 to $92.00. They now have an “overweight” rating on the stock.
12/16/2024 – NIKE had its price target lowered by analysts at Evercore ISI from $105.00 to $97.00. They now have an “outperform” rating on the stock.
12/16/2024 – NIKE had its price target lowered by analysts at Telsey Advisory Group from $96.00 to $93.00. They now have an “outperform” rating on the stock.
12/16/2024 – NIKE had its price target lowered by analysts at Deutsche Bank Aktiengesellschaft from $92.00 to $82.00. They now have a “buy” rating on the stock.
12/13/2024 – NIKE had its price target lowered by analysts at Morgan Stanley from $82.00 to $80.00. They now have an “equal weight” rating on the stock.
12/11/2024 – NIKE had its price target lowered by analysts at Barclays PLC from $81.00 to $79.00. They now have an “equal weight” rating on the stock.
12/9/2024 – NIKE had its price target lowered by analysts at UBS Group AG from $82.00 to $80.00. They now have a “neutral” rating on the stock.
12/5/2024 – NIKE had its price target lowered by analysts at Bank of America Co. from $100.00 to $95.00. They now have a “buy” rating on the stock.
12/2/2024 – NIKE had its price target lowered by analysts at JPMorgan Chase & Co. from $77.00 to $73.00. They now have a “neutral” rating on the stock.
11/22/2024 – NIKE is now covered by analysts at Needham & Company LLC. They set a “buy” rating and a $84.00 price target on the stock.
11/18/2024 – NIKE had its price target lowered by analysts at TD Cowen from $78.00 to $73.00. They now have a “hold” rating on the stock.

NIKE Stock Performance

Shares of NIKE stock opened at $71.31 on Friday. NIKE, Inc. has a one year low of $70.75 and a one year high of $107.43. The company has a market capitalization of $106.92 billion, a PE ratio of 20.43, a P/E/G ratio of 1.89 and a beta of 1.02. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.58 and a current ratio of 2.36. The company has a 50-day simple moving average of $76.43 and a two-hundred day simple moving average of $78.65.

NIKE (NYSE:NKE – Get Free Report) last issued its quarterly earnings results on Thursday, December 19th. The footwear maker reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.15. NIKE had a net margin of 10.60% and a return on equity of 39.84%. The business had revenue of $12.35 billion for the quarter, compared to analyst estimates of $12.11 billion. During the same quarter in the prior year, the business posted $1.03 EPS. NIKE’s revenue for the quarter was down 7.7% compared to the same quarter last year. Research analysts expect that NIKE, Inc. will post 2.72 EPS for the current fiscal year.

NIKE Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Monday, December 2nd were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.24%. This is a positive change from NIKE’s previous quarterly dividend of $0.37. The ex-dividend date was Monday, December 2nd. NIKE’s dividend payout ratio (DPR) is 49.38%.

Insider Activity at NIKE

In other NIKE news, Director John W. Rogers, Jr. acquired 2,500 shares of the business’s stock in a transaction dated Friday, December 27th. The stock was acquired at an average cost of $76.65 per share, for a total transaction of $191,625.00. Following the completion of the transaction, the director now directly owns 34,403 shares of the company’s stock, valued at $2,636,989.95. This represents a 7.84 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.10% of the company’s stock.

Institutional Investors Weigh In On NIKE

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. State Street Corp raised its stake in NIKE by 3.3% during the third quarter. State Street Corp now owns 57,916,789 shares of the footwear maker’s stock worth $5,140,796,000 after purchasing an additional 1,862,021 shares during the period. Wellington Management Group LLP raised its position in shares of NIKE by 5.1% during the 3rd quarter. Wellington Management Group LLP now owns 27,442,145 shares of the footwear maker’s stock valued at $2,425,886,000 after buying an additional 1,343,093 shares during the period. Geode Capital Management LLC raised its position in shares of NIKE by 1.0% during the 3rd quarter. Geode Capital Management LLC now owns 25,029,380 shares of the footwear maker’s stock valued at $2,204,451,000 after buying an additional 251,411 shares during the period. Legal & General Group Plc grew its position in NIKE by 5.5% in the second quarter. Legal & General Group Plc now owns 11,049,294 shares of the footwear maker’s stock worth $832,785,000 after acquiring an additional 571,544 shares during the period. Finally, Fisher Asset Management LLC increased its stake in NIKE by 6.0% during the third quarter. Fisher Asset Management LLC now owns 10,303,182 shares of the footwear maker’s stock worth $910,801,000 after acquiring an additional 583,207 shares during the last quarter. Institutional investors and hedge funds own 64.25% of the company’s stock.

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.