NIKE (NYSE:NKE) Cut to Market Perform at Telsey Advisory Group

Telsey Advisory Group cut shares of NIKE (NYSE:NKE) from an outperform rating to a market perform rating in a research note issued to investors on Friday, MarketBeat Ratings reports. Telsey Advisory Group currently has $80.00 price target on the footwear maker’s stock, down from their prior price target of $93.00. Telsey Advisory Group also issued estimates for NIKE’s Q2 2025 earnings at $0.62 EPS, Q3 2025 earnings at $0.48 EPS, Q4 2025 earnings at $0.69 EPS, FY2025 earnings at $2.50 EPS, Q1 2026 earnings at $0.78 EPS, Q2 2026 earnings at $0.79 EPS, Q4 2026 earnings at $0.88 EPS, FY2026 earnings at $3.10 EPS and FY2027 earnings at $3.00 EPS.

A number of other research analysts also recently commented on the stock. Guggenheim lowered their price target on shares of NIKE from $115.00 to $110.00 and set a “buy” rating for the company in a report on Wednesday, October 2nd. Royal Bank of Canada dropped their target price on NIKE from $82.00 to $80.00 and set a “sector perform” rating for the company in a report on Thursday, November 7th. Deutsche Bank Aktiengesellschaft decreased their price target on NIKE from $92.00 to $82.00 and set a “buy” rating on the stock in a report on Monday, December 16th. Morgan Stanley dropped their price objective on shares of NIKE from $82.00 to $80.00 and set an “equal weight” rating for the company in a research note on Friday, December 13th. Finally, Robert W. Baird increased their target price on shares of NIKE from $100.00 to $110.00 and gave the company an “outperform” rating in a research note on Friday, September 20th. Fifteen equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $89.77.

NIKE Trading Down 0.2 %

Shares of NIKE stock opened at $76.94 on Friday. NIKE has a twelve month low of $70.75 and a twelve month high of $123.30. The company has a quick ratio of 1.58, a current ratio of 2.36 and a debt-to-equity ratio of 0.57. The business has a 50-day moving average price of $78.07 and a 200-day moving average price of $80.55. The firm has a market cap of $115.36 billion, a price-to-earnings ratio of 22.05, a PEG ratio of 1.89 and a beta of 1.02.

NIKE (NYSE:NKE) last issued its quarterly earnings data on Thursday, December 19th. The footwear maker reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.15. NIKE had a return on equity of 39.84% and a net margin of 10.60%. The business had revenue of $12.35 billion for the quarter, compared to analysts’ expectations of $12.11 billion. During the same period in the prior year, the firm earned $1.03 EPS. The company’s revenue for the quarter was down 7.7% on a year-over-year basis. Equities research analysts anticipate that NIKE will post 2.72 EPS for the current fiscal year.

NIKE Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Monday, December 2nd will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, December 2nd. This is a positive change from NIKE’s previous quarterly dividend of $0.37. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.08%. NIKE’s payout ratio is 45.85%.

Hedge Funds Weigh In On NIKE

A number of institutional investors have recently bought and sold shares of NKE. Teachers Insurance & Annuity Association of America purchased a new position in shares of NIKE during the third quarter worth $30,000. VitalStone Financial LLC grew its position in NIKE by 52.6% during the 3rd quarter. VitalStone Financial LLC now owns 435 shares of the footwear maker’s stock worth $38,000 after purchasing an additional 150 shares during the period. Dunhill Financial LLC raised its stake in shares of NIKE by 52.2% during the 3rd quarter. Dunhill Financial LLC now owns 493 shares of the footwear maker’s stock valued at $44,000 after buying an additional 169 shares during the last quarter. Riverview Trust Co acquired a new position in shares of NIKE in the 3rd quarter valued at about $52,000. Finally, Catalyst Capital Advisors LLC purchased a new stake in shares of NIKE in the third quarter worth about $54,000. 64.25% of the stock is owned by hedge funds and other institutional investors.

NIKE Company Profile

NIKE, Inc, together with its subsidiaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, accessories, and services worldwide. The company provides athletic and casual footwear, apparel, and accessories under the Jumpman trademark; and casual sneakers, apparel, and accessories under the Converse, Chuck Taylor, All Star, One Star, Star Chevron, and Jack Purcell trademarks.