NIKE (NYSE:NKE) Price Target Cut to $70.00 by Analysts at Robert W. Baird

NIKE (NYSE:NKE) had its price objective decreased by Robert W. Baird from $85.00 to $70.00 in a report issued on Wednesday morning,MarketScreener reports. Robert W. Baird currently has an outperform rating on the footwear maker’s stock.

Several other brokerages have also commented on NKE. Oppenheimer reiterated an “outperform” rating on shares of NIKE in a report on Wednesday, December 17th. Telsey Advisory Group dropped their target price on NIKE from $65.00 to $55.00 and set a “market perform” rating on the stock in a research note on Wednesday. Guggenheim reduced their target price on NIKE from $77.00 to $74.00 and set a “buy” rating on the stock in a research report on Wednesday. The Goldman Sachs Group reiterated a “neutral” rating and issued a $52.00 price target on shares of NIKE in a research note on Wednesday. Finally, Needham & Company LLC downgraded NIKE from a “buy” rating to a “hold” rating in a report on Thursday, January 8th. Nineteen research 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’s stock. According to MarketBeat.com, NIKE currently has a consensus rating of “Moderate Buy” and a consensus target price of $64.43.

NIKE Stock Down 15.3%

Shares of NIKE stock opened at $44.72 on Wednesday. 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 company has a market cap of $66.21 billion, a P/E ratio of 29.62, a PEG ratio of 2.78 and a beta of 1.31. The firm’s 50 day moving average price is $59.27 and its 200-day moving average price is $63.53. NIKE has a 52-week low of $44.56 and a 52-week high of $80.17.

NIKE (NYSE:NKE) last posted its earnings results on Tuesday, March 31st. The footwear maker reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.06. The company had revenue of $11.28 billion during the quarter, compared to analysts’ expectations of $11.23 billion. NIKE had a net margin of 4.84% and a return on equity of 16.56%. NIKE’s revenue for the quarter was up .1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.54 earnings per share. On average, sell-side analysts predict that NIKE will post 2.05 EPS for the current fiscal year.

NIKE Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 1st. Investors of record on Monday, March 2nd were given a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend was Monday, March 2nd. NIKE’s dividend payout ratio is presently 96.47%.

Institutional Trading of NIKE

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Cornerstone Financial Management LLC acquired a new position in shares of NIKE in the fourth quarter valued at about $26,000. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of NIKE during the second quarter worth about $31,000. Sankala Group LLC acquired a new stake in shares of NIKE during the fourth quarter worth about $26,000. J.Safra Asset Management Corp purchased a new stake in NIKE in the fourth quarter valued at approximately $29,000. Finally, Kemnay Advisory Services Inc. purchased a new stake in NIKE in the fourth quarter valued at approximately $30,000. Institutional investors and hedge funds own 64.25% of the company’s stock.

Key Stories Impacting NIKE

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: Q3 beat on the headlines — NIKE reported $11.28B in revenue and $0.35 EPS, modestly above consensus, showing the turnaround program is producing some topline stability and earnings beats. Business Wire: NIKE Q3 release
• Positive Sentiment: Product and regional pockets of strength — North America and running categories showed improvement, supporting management’s claim that parts of the turnaround are working. Reuters: Q3 sales beat
• Neutral Sentiment: Mixed analyst reaction — Several firms cut price targets and ratings while others reaffirmed buys; the street is divided on timing and magnitude of the recovery. Expect more target revisions as guidance is digested. Benzinga: analyst cuts
• Negative Sentiment: Weak guidance is the main driver — NIKE guided Q4 revenue lower (management now expects a decline rather than growth), signaling the turnaround will take longer and removing near‑term certainty. CNBC: guidance and turnaround outlook
• Negative Sentiment: China slump — management projects a sharp drop in Greater China sales (around the guidance window), worsening a key market and pressuring revenue and margin recovery. Invezz: China sales impact
• Negative Sentiment: Margin and cost headwinds — tariffs, promotions and inventory cleanup weighed on gross margin and guidance for margin recovery is delayed, increasing near‑term earnings risk. Zacks: margin pressures
• Negative Sentiment: Market reaction and analyst downgrades — heavy trading, multiple price‑target cuts and downgrades accelerated the selloff and pushed the stock to multi‑year/52‑week lows. Investopedia: stock reaction

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).