Deutsche Bank Aktiengesellschaft Lowers NIKE (NYSE:NKE) Price Target to $43.00

NIKE (NYSE:NKE) had its price target reduced by Deutsche Bank Aktiengesellschaft from $51.00 to $43.00 in a research report issued on Friday,MarketScreener reports. The brokerage presently has a “hold” rating on the footwear maker’s stock. Deutsche Bank Aktiengesellschaft’s price objective points to a potential upside of 5.70% from the stock’s previous close.

Other research analysts have also issued research reports about the company. Wells Fargo & Company set a $45.00 price objective on NIKE and gave the company an “equal weight” rating in a report on Friday, May 8th. DA Davidson lowered shares of NIKE from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $72.00 to $46.00 in a report on Thursday, April 2nd. Robert W. Baird reduced their target price on shares of NIKE from $85.00 to $70.00 and set an “outperform” rating for the company in a research report on Wednesday, April 1st. Weiss Ratings downgraded shares of NIKE from a “sell (d+)” rating to a “sell (d)” rating in a research note on Monday, June 8th. Finally, BTIG Research restated a “buy” rating and set a $55.00 price target (down from $75.00) on shares of NIKE in a research report on Thursday. Fourteen equities research analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $59.19.

NIKE Stock Performance

NYSE NKE opened at $40.68 on Friday. The company has a market cap of $60.25 billion, a PE ratio of 26.99, a price-to-earnings-growth ratio of 1.81 and a beta of 1.12. The stock’s 50 day simple moving average is $44.29 and its 200-day simple moving average is $54.05. NIKE has a 1-year low of $40.00 and a 1-year high of $80.17. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.14 and a quick ratio of 1.45.

NIKE (NYSE:NKE) last issued its quarterly earnings results on Tuesday, March 31st. The footwear maker reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $11.23 billion. During the same period in the previous year, the company posted $0.54 earnings per share. The business’s revenue was up .1% on a year-over-year basis. As a group, equities research analysts anticipate that NIKE will post 1.49 EPS for the current fiscal year.

Insiders Place Their Bets

In other NIKE news, Director Robert Holmes Swan purchased 11,781 shares of the stock in a transaction dated Tuesday, April 7th. The stock was acquired at an average cost of $42.44 per share, for a total transaction of $499,985.64. Following the acquisition, the director owned 55,074 shares in the company, valued at $2,337,340.56. This trade represents a 27.21% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Timothy D. Cook acquired 25,000 shares of NIKE stock in a transaction that occurred on Friday, April 10th. The stock was bought at an average price of $42.43 per share, for a total transaction of $1,060,750.00. Following the completion of the acquisition, the director owned 130,480 shares in the company, valued at $5,536,266.40. This trade represents a 23.70% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders have acquired 64,441 shares of company stock worth $2,734,204. Corporate insiders own 0.80% of the company’s stock.

Hedge Funds Weigh In On NIKE

Large investors have recently made changes to their positions in the stock. Brighton Jones LLC increased its holdings in NIKE by 388.5% in the 4th quarter. Brighton Jones LLC now owns 202,411 shares of the footwear maker’s stock valued at $15,316,000 after purchasing an additional 160,980 shares during the last quarter. Caxton Associates LLP acquired a new position in NIKE during the first quarter worth $311,000. United Bank boosted 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 buying an additional 1,736 shares during the period. NewEdge Advisors LLC boosted its position in shares of NIKE by 0.3% during the second quarter. NewEdge Advisors LLC now owns 64,161 shares of the footwear maker’s stock worth $4,558,000 after buying an additional 197 shares during the period. Finally, CIBC Asset Management Inc grew its stake in shares of NIKE by 6.5% in the second quarter. CIBC Asset Management Inc now owns 191,268 shares of the footwear maker’s stock valued at $13,588,000 after buying an additional 11,646 shares in the last quarter. 64.25% of the stock is currently owned by institutional investors and hedge funds.

Key Headlines Impacting NIKE

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: NIKE named former Pfizer CFO David Denton as its new finance chief, a move that could bring added financial discipline and support the company’s long-term turnaround efforts. Nike names former Pfizer CFO David Denton as finance chief
• Positive Sentiment: Sanford C. Bernstein reaffirmed its buy rating on NIKE, suggesting some analysts still see value in the shares despite the recent weakness. Nike Inc. Receives a Buy Rating From Bernstein
• Neutral Sentiment: Analysts and media coverage ahead of the June 30 earnings release say NIKE’s results may matter less than management’s guidance, especially what it says about fiscal 2027 and the pace of any sales recovery.
• Neutral Sentiment: Investor attention is also on Nike’s upcoming Q4 report, with some commentary framing it as a test of whether the company can find a bottom rather than deliver meaningful growth right away. Nike’s Q4 Is Less about Growth and More about Finding a Floor
• Negative Sentiment: KeyBanc warned that uncertainty in China and EMEA, plus the management transition, is clouding the outlook and making it harder to stay optimistic. NKE Stock Heads For Its Worst Week In Nearly Three Months
• Negative Sentiment: Other analyst notes described Nike’s China strategy as a misstep and said the turnaround remains incomplete, reinforcing concerns that the stock may stay under pressure until evidence of a sales inflection appears. NKE Stock Slips On China Business Strategy Misstep And Surprise CFO Change Before Earnings

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).