NIKE (NKE) – Investment Analysts’ Recent Ratings Changes

NIKE (NYSE: NKE) has recently received a number of price target changes and ratings updates:

• 12/16/2024 – NIKE had its price target lowered by analysts at Wells Fargo & Company from $95.00 to $92.00. They now have an “overweight” rating on the stock.
• 12/16/2024 – NIKE had its price target lowered by analysts at Evercore ISI from $105.00 to $97.00. They now have an “outperform” rating on the stock.
• 12/16/2024 – NIKE had its price target lowered by analysts at Telsey Advisory Group from $96.00 to $93.00. They now have an “outperform” rating on the stock.
• 12/16/2024 – NIKE had its price target lowered by analysts at Deutsche Bank Aktiengesellschaft from $92.00 to $82.00. They now have a “buy” rating on the stock.
• 12/13/2024 – NIKE had its price target lowered by analysts at Morgan Stanley from $82.00 to $80.00. They now have an “equal weight” rating on the stock.
• 12/11/2024 – NIKE had its price target lowered by analysts at Barclays PLC from $81.00 to $79.00. They now have an “equal weight” rating on the stock.
• 12/9/2024 – NIKE had its price target lowered by analysts at UBS Group AG from $82.00 to $80.00. They now have a “neutral” rating on the stock.
• 12/5/2024 – NIKE had its price target lowered by analysts at Bank of America Co. from $100.00 to $95.00. They now have a “buy” rating on the stock.
• 12/2/2024 – NIKE had its price target lowered by analysts at JPMorgan Chase & Co. from $77.00 to $73.00. They now have a “neutral” rating on the stock.
• 11/22/2024 – NIKE is now covered by analysts at Needham & Company LLC. They set a “buy” rating and a $84.00 price target on the stock.
• 11/18/2024 – NIKE had its price target lowered by analysts at TD Cowen from $78.00 to $73.00. They now have a “hold” rating on the stock.
• 11/7/2024 – NIKE had its price target lowered by analysts at Royal Bank of Canada from $82.00 to $80.00. They now have a “sector perform” rating on the stock.

NIKE Stock Performance

NKE opened at $77.10 on Friday. The firm’s fifty day simple moving average is $78.18 and its two-hundred day simple moving average is $80.77. NIKE, Inc. has a 52-week low of $70.75 and a 52-week high of $123.39. The company has a market cap of $115.60 billion, a price-to-earnings ratio of 22.09, a PEG ratio of 1.89 and a beta of 1.02. The company has a quick ratio of 1.58, a current ratio of 2.36 and a debt-to-equity ratio of 0.57.

NIKE (NYSE:NKE) last posted 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. The company had revenue of $12.35 billion for the quarter, compared to analysts’ expectations of $12.11 billion. NIKE had a return on equity of 39.84% and a net margin of 10.60%. NIKE’s revenue was down 7.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.03 EPS. Equities analysts anticipate that NIKE, Inc. will post 2.72 earnings per share for the current fiscal year.

NIKE Increases Dividend

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Loomis Sayles & Co. L P grew its position in NIKE by 1,209,638.7% in the third quarter. Loomis Sayles & Co. L P now owns 6,508,394 shares of the footwear maker’s stock worth $575,342,000 after acquiring an additional 6,507,856 shares during the period. State Street Corp increased its position in shares of NIKE by 3.3% during the 3rd quarter. State Street Corp now owns 57,916,789 shares of the footwear maker’s stock worth $5,140,796,000 after purchasing an additional 1,862,021 shares during the last quarter. Holocene Advisors LP purchased a new stake in NIKE in the 3rd quarter valued at about $148,635,000. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in NIKE in the third quarter valued at about $144,927,000. Finally, Renaissance Technologies LLC boosted its position in shares of NIKE by 351.7% during the 2nd quarter. Renaissance Technologies LLC now owns 1,991,519 shares of the footwear maker’s stock worth $150,101,000 after purchasing an additional 1,550,611 shares during the period. 64.25% of the stock is currently owned by institutional investors and hedge funds.

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.