Piper Sandler Lowers NIKE (NYSE:NKE) Price Target to $45.00

NIKE (NYSE:NKE) had its price objective reduced by research analysts at Piper Sandler from $50.00 to $45.00 in a note issued to investors on Wednesday, MarketBeat reports. The firm presently has a “neutral” rating on the footwear maker’s stock. Piper Sandler’s price objective would indicate a potential upside of 9.54% from the stock’s previous close.

Other research analysts have also recently issued reports about the stock. DA Davidson cut shares of NIKE from a “buy” rating to a “neutral” rating and dropped their target price for the company from $72.00 to $46.00 in a report on Thursday, April 2nd. Weiss Ratings lowered NIKE from a “sell (d+)” rating to a “sell (d)” rating in a research note on Monday, June 8th. HSBC cut NIKE from a “buy” rating to a “hold” rating and lowered their price target for the stock from $90.00 to $48.00 in a report on Monday, April 13th. Evercore set a $46.00 price objective on NIKE and gave the company an “in-line” rating in a research note on Tuesday, June 23rd. Finally, Wells Fargo & Company set a $45.00 price objective on NIKE and gave the stock an “equal weight” rating in a report on Friday, May 8th. Fourteen analysts have rated the stock with a Buy rating, nineteen have assigned a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $56.86.

NIKE Stock Performance

NYSE:NKE opened at $41.08 on Wednesday. The company has a quick ratio of 1.45, a current ratio of 2.14 and a debt-to-equity ratio of 0.50. NIKE has a fifty-two week low of $40.00 and a fifty-two week high of $80.17. The stock has a market cap of $60.84 billion, a PE ratio of 27.21, a price-to-earnings-growth ratio of 1.81 and a beta of 1.12. The firm’s fifty day simple moving average is $44.01 and its 200-day simple moving average is $53.56.

NIKE (NYSE:NKE) last announced its quarterly earnings results on Tuesday, March 31st. The footwear maker reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.29 by $0.06. NIKE had a net margin of 4.84% and a return on equity of 16.41%. The business had revenue of $11.28 billion during the quarter, compared to the consensus estimate of $11.23 billion. During the same quarter last year, the firm posted $0.54 EPS. The business’s revenue was up .1% compared to the same quarter last year. Analysts expect that NIKE will post 1.49 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Timothy D. Cook bought 25,000 shares of the stock in a transaction on Friday, April 10th. The shares were purchased at an average price of $42.43 per share, for a total transaction of $1,060,750.00. Following the acquisition, the director owned 130,480 shares in the company, valued at $5,536,266.40. This represents a 23.70% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director John W. Rogers, Jr. purchased 4,000 shares of the business’s stock in a transaction dated Thursday, April 9th. The stock was bought at an average cost of $43.34 per share, with a total value of $173,360.00. Following the completion of the acquisition, the director owned 41,022 shares of the company’s stock, valued at approximately $1,777,893.48. The trade was a 10.80% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have acquired 64,441 shares of company stock worth $2,734,204 in the last quarter. 0.80% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in NKE. Westerkirk Capital Inc. boosted its position in NIKE by 52.4% during the fourth quarter. Westerkirk Capital Inc. now owns 131,220 shares of the footwear maker’s stock worth $8,360,000 after acquiring an additional 45,100 shares during the last quarter. Mizuho Markets Cayman LP acquired a new position in NIKE in the 3rd quarter valued at $34,200,000. OMERS ADMINISTRATION Corp lifted its stake in shares of NIKE by 77.9% during the 4th quarter. OMERS ADMINISTRATION Corp now owns 2,526,179 shares of the footwear maker’s stock worth $160,943,000 after purchasing an additional 1,106,499 shares during the period. PFA Pension Forsikringsaktieselskab purchased a new position in shares of NIKE during the 4th quarter worth $43,188,000. Finally, Nicholas Company Inc. boosted its holdings in shares of NIKE by 33.3% during the fourth quarter. Nicholas Company Inc. now owns 123,652 shares of the footwear maker’s stock worth $7,878,000 after purchasing an additional 30,890 shares during the last quarter. 64.25% of the stock is currently owned by hedge funds and other institutional investors.

NIKE News Roundup

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: NIKE beat Q4 earnings and revenue estimates, showing profitability is improving even as sales remain soft. NIKE, Inc. Reports Fiscal 2026 Fourth Quarter and Full Year Results
• Positive Sentiment: Management said margins are expected to improve further, which supports the case for a longer-term recovery if execution stabilizes. Tom Nikic Reiterates Hold on Nike as Revenue Outlook Weakens Despite Margin Improvements
• Neutral Sentiment: North America strength and wholesale growth partially offset weakness in other regions, but the recovery is still uneven. Nike turnaround tested by but analyst says ‘this is the bottom’
• Negative Sentiment: China sales fell 12%, reinforcing concerns that NIKE’s key international market remains a major drag on the turnaround. Nike earnings, revenue top estimates even as China sales drop 12%
• Negative Sentiment: Analysts and investors remain skeptical, with several reports saying the company’s cautious outlook and slow turnaround are overshadowing the earnings beat. Nike stock: why did a rare earnings beat fail to lift shares?

About NIKE

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).