Wells Fargo & Company Has Lowered Expectations for NIKE (NYSE:NKE) Stock Price

NIKE (NYSE:NKE) had its price target dropped by stock analysts at Wells Fargo & Company from $45.00 to $40.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has an “equal weight” rating on the footwear maker’s stock. Wells Fargo & Company‘s price objective indicates a potential downside of 2.63% from the stock’s current price.

Several other equities research analysts also recently commented on NKE. Weiss Ratings downgraded shares of NIKE from a “sell (d+)” rating to a “sell (d)” rating in a research note on Monday, June 8th. Stifel Nicolaus cut their price target on shares of NIKE from $56.00 to $50.00 and set a “hold” rating for the company in a report on Friday, June 26th. CICC Research lowered shares of NIKE from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $69.00 to $58.00 in a research report on Monday, April 6th. HSBC cut shares of NIKE from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $90.00 to $48.00 in a research note on Monday, April 13th. Finally, Zacks Research lowered shares of NIKE from a “hold” rating to a “strong sell” rating in a report on Monday, June 1st. Fourteen research analysts have rated the stock with a Buy rating, nineteen have given a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, NIKE has a consensus rating of “Hold” and an average target price of $56.86.

NIKE Price Performance

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

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

Insider Activity at NIKE

In related news, Director Timothy D. Cook bought 25,000 shares of NIKE stock in a transaction dated Friday, April 10th. The shares were bought at an average cost of $42.43 per share, for a total transaction of $1,060,750.00. Following the completion of the transaction, the director owned 130,480 shares of the company’s stock, valued at approximately $5,536,266.40. This trade represents a 23.70% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Philip Mccartney sold 17,398 shares of the business’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $46.18, for a total transaction of $803,439.64. Following the completion of the transaction, the executive vice president owned 53,133 shares of the company’s stock, valued at $2,453,681.94. This trade represents a 24.67% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders acquired 64,441 shares of company stock valued at $2,734,204 in the last three months. 0.80% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On NIKE

Several large investors have recently made changes to their positions in the company. VectorGlobal IAG Inc. bought a new position in NIKE in the first quarter valued at about $248,000. Hamilton Wealth LLC bought a new stake in NIKE during the 1st quarter worth about $300,000. Sapient Capital LLC lifted its position in NIKE by 4.2% during the 1st quarter. Sapient Capital LLC now owns 8,233 shares of the footwear maker’s stock valued at $439,000 after purchasing an additional 331 shares during the period. Western Wealth Management LLC lifted its position in NIKE by 98.4% during the 1st quarter. Western Wealth Management LLC now owns 33,030 shares of the footwear maker’s stock valued at $1,745,000 after purchasing an additional 16,383 shares during the period. Finally, E Wealth Partners LLC bought a new position in shares of NIKE in the 1st quarter valued at about $279,000. Institutional investors and hedge funds own 64.25% of the company’s stock.

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?

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).