NIKE (NYSE:NKE) Earns Neutral Rating from UBS Group

by · The Markets Daily

NIKE (NYSE:NKE – Get Free Report)‘s stock had its “neutral” rating reaffirmed by equities researchers at UBS Group in a research report issued to clients and investors on Wednesday,MarketScreener reports.

NKE has been the topic of several other research reports. Barclays lowered their target price on shares of NIKE from $67.00 to $52.00 and set an “overweight” rating on the stock in a research note on Wednesday. Guggenheim reiterated a “buy” rating and set a $60.00 price objective (down from $74.00) on shares of NIKE in a research report on Wednesday. Evercore set a $46.00 target price on NIKE and gave the stock an “in-line” rating in a research note on Tuesday, June 23rd. Williams Trading reduced their target price on shares of NIKE from $80.00 to $57.00 and set a “buy” rating on the stock in a research note on Wednesday, April 1st. Finally, Berenberg Bank reiterated a “neutral” rating on shares of NIKE in a report on Wednesday, May 6th. Fourteen investment analysts have rated the stock with a Buy rating, nineteen have assigned a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $56.16.

Get Our Latest Stock Analysis on NKE

NIKE Price Performance

Shares of NYSE:NKE traded up $1.47 during trading on Wednesday, reaching $42.52. 15,442,622 shares of the company’s stock traded hands, compared to its average volume of 20,736,977. The firm has a market cap of $62.96 billion, a PE ratio of 27.94, a P/E/G ratio of 1.81 and a beta of 1.12. NIKE has a fifty-two week low of $40.00 and a fifty-two week high of $80.17. The company has a quick ratio of 1.45, a current ratio of 2.14 and a debt-to-equity ratio of 0.50. The company has a 50-day simple moving average of $44.01 and a 200-day simple moving average of $53.56.

NIKE (NYSE:NKE – Get Free Report) last issued its quarterly earnings data on Tuesday, March 31st. The footwear maker reported $0.35 EPS for the quarter, beating the consensus estimate of $0.29 by $0.06. The company had revenue of $11.28 billion for the quarter, compared to analyst estimates of $11.23 billion. NIKE had a return on equity of 16.41% and a net margin of 4.84%.NIKE’s quarterly revenue was up .1% compared to the same quarter last year. During the same period last year, the company earned $0.54 earnings per share. As a group, analysts predict that NIKE will post 1.49 earnings per share for the current year.

Insider Activity

In other NIKE news, Director John W. Rogers, Jr. acquired 4,000 shares of the company’s stock in a transaction that occurred on Thursday, April 9th. The shares were purchased at an average price of $43.34 per share, with a total value of $173,360.00. Following the completion of the acquisition, the director directly 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 position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Timothy D. Cook bought 25,000 shares of the firm’s 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 completion of the transaction, the director owned 130,480 shares of the company’s stock, valued at $5,536,266.40. This represents a 23.70% increase in their position. The SEC filing for this purchase provides additional information. Insiders bought a total of 64,441 shares of company stock valued at $2,734,204 over the last ninety days. 0.80% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On NIKE

Institutional investors and hedge funds have recently bought and sold shares of the stock. Scarborough Advisors LLC purchased a new position in NIKE during the first quarter worth $25,000. Cornerstone Financial Management LLC purchased a new stake in NIKE during the 4th quarter worth about $26,000. Sankala Group LLC acquired a new position in NIKE in the 4th quarter valued at about $26,000. Meeder Asset Management Inc. raised its stake in NIKE by 108.4% in the 1st quarter. Meeder Asset Management Inc. now owns 548 shares of the footwear maker’s stock valued at $29,000 after purchasing an additional 285 shares during the last quarter. Finally, J.Safra Asset Management Corp acquired a new position in NIKE in the 4th quarter valued at $29,000. Hedge funds and other institutional investors own 64.25% of the company’s stock.

Key Headlines Impacting NIKE

Here are the key news stories impacting NIKE this week:

  • Positive Sentiment: NIKE beat Wall Street’s Q4 EPS and revenue estimates, with higher gross and operating profit helped by better margins and a tariff refund. Article Title
  • Positive Sentiment: Several analysts still see upside from current levels, including BTIG’s reiterated Buy and Barclays’ Overweight rating, even after multiple price-target cuts. Article Title
  • Neutral Sentiment: Management is prioritizing margin recovery, inventory discipline, and sport-led execution, which may help the medium-term turnaround but does not change the near-term sales slowdown. Article Title
  • Negative Sentiment: China remains a major headwind, with sales there down about 12%, and broader demand remains weak in key regions such as Greater China and Europe. Article Title
  • Negative Sentiment: NIKE lowered investor expectations with a cautious outlook, saying the turnaround is taking longer and warning that sales are still struggling, which is driving the stock lower in premarket trading. Article Title
  • Negative Sentiment: Multiple brokerages cut price targets after the report, including JPMorgan, Piper Sandler, Bank of America, Barclays, and Wells Fargo, reinforcing caution around the stock. Article Title

NIKE Company Profile

(Get Free Report)

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).

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