BNP Paribas Exane Lowers NIKE (NYSE:NKE) Price Target to $23.00

NIKE (NYSE:NKE) had its price target decreased by BNP Paribas Exane from $35.00 to $23.00 in a research report issued on Wednesday,Benzinga reports. The brokerage presently has an “underperform” rating on the footwear maker’s stock. BNP Paribas Exane’s price target would suggest a potential downside of 48.90% from the company’s previous close.

A number of other equities research analysts also recently weighed in on the company. Piper Sandler set a $75.00 target price on NIKE and gave the stock an “overweight” rating in a report on Friday, December 19th. DZ Bank reaffirmed a “buy” rating on shares of NIKE in a research report on Friday, December 19th. Needham & Company LLC lowered shares of NIKE from a “buy” rating to a “hold” rating in a research note on Thursday, January 8th. The Goldman Sachs Group reiterated a “neutral” rating and set a $52.00 target price on shares of NIKE in a research report on Wednesday. Finally, UBS Group cut their target price on shares of NIKE from $62.00 to $58.00 and set a “neutral” rating on the stock in a research note on Thursday, March 19th. Nineteen investment analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, NIKE has a consensus rating of “Moderate Buy” and a consensus price target of $68.10.

NIKE Trading Down 14.8%

NKE traded down $7.81 during trading on Wednesday, reaching $45.01. 77,884,329 shares of the stock traded hands, compared to its average volume of 16,982,994. The company has a quick ratio of 1.40, a current ratio of 2.06 and a debt-to-equity ratio of 0.50. The stock’s 50-day moving average is $59.68 and its 200 day moving average is $63.66. NIKE has a 12 month low of $45.11 and a 12 month high of $80.17. The stock has a market capitalization of $66.63 billion, a PE ratio of 26.47, a P/E/G ratio of 2.69 and a beta of 1.27.

NIKE (NYSE:NKE) last posted its quarterly earnings data on Tuesday, March 31st. The footwear maker reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.06. The firm had revenue of $11.28 billion during the quarter, compared to analyst estimates of $11.23 billion. NIKE had a return on equity of 18.43% and a net margin of 5.43%.The business’s quarterly revenue was up .1% on a year-over-year basis. During the same period last year, the company posted $0.54 EPS. Equities analysts anticipate that NIKE will post 2.05 earnings per share for the current year.

Hedge Funds Weigh In On NIKE

A number of large investors have recently modified their holdings of NKE. Brighton Jones LLC raised its holdings in NIKE by 388.5% during the fourth quarter. Brighton Jones LLC now owns 202,411 shares of the footwear maker’s stock worth $15,316,000 after buying an additional 160,980 shares during the last quarter. Caxton Associates LLP acquired a new position in shares of NIKE during the first quarter valued at about $311,000. United Bank increased its position in shares of NIKE by 11.3% during the second quarter. United Bank now owns 17,067 shares of the footwear maker’s stock worth $1,212,000 after acquiring an additional 1,736 shares in the last quarter. Edgestream Partners L.P. increased its position in shares of NIKE by 83.6% during the second quarter. Edgestream Partners L.P. now owns 50,759 shares of the footwear maker’s stock worth $3,606,000 after acquiring an additional 23,110 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its holdings in shares of NIKE by 410.3% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 132,942 shares of the footwear maker’s stock worth $9,444,000 after acquiring an additional 106,891 shares during the last quarter. 64.25% of the stock is currently owned by institutional investors.

NIKE News Summary

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: Q3 results beat estimates on both top and bottom lines (EPS $0.35 vs. ~$0.29 consensus; revenue ~$11.28B roughly in line-to-slightly-above expectations), showing the turnaround still produces tangible operational progress. NIKE, Inc. Reports Fiscal 2026 Third Quarter Results
• Neutral Sentiment: Management says the company has taken intentional actions (clearing unhealthy inventory, rebalancing wholesale vs. DTC) that pressure near‑term margins but are intended to set up later improvement — a strategic move that could pay off but delays visible recovery. Nike Takes ‘Intentional’ Hit To Clear ‘Unhealthy Inventory’ In Q3 As CEO Eyes Turnaround By Year-End
• Negative Sentiment: Weak guidance drove the selloff: Nike guided fiscal Q4 revenue to decline (company-range), below Street expectations, and warned Greater China sales will remain soft — management said the China reset could take multiple quarters. Nike Stock Sinks to Lowest Level Since 2014 as Weak Sales Outlook Spooks Investors
• Negative Sentiment: Margin pressure from tariffs, promotions and inventory actions pushed operating profit and net income materially lower year‑over‑year, undercutting confidence in a near‑term margin rebound. Nike third-quarter sales beat estimates as turnaround efforts gain traction
• Negative Sentiment: Analysts reacted quickly: multiple firms cut price targets or downgraded forecasts (Wells Fargo, Truist, Telsey and others), amplifying downward pressure and raising the risk of further revision. These Analysts Cut Their Forecasts On Nike After Q3 Results
• Negative Sentiment: Investor sentiment soured after candid executive comments about the slow turnaround — headlines and tone (including a blunt CEO remark) reinforced the view that recovery is taking longer than planned. Nike CEO vents as company struggles to regain footing after disappointing profits : ‘I’m so tired’

NIKE Company Profile

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).