Barclays Has Lowered Expectations for NIKE (NYSE:NKE) Stock Price

Key Points

• Barclays cut its NIKE price target from $73 to $67 while keeping an "overweight" rating, implying roughly a 49.8% upside from the current share price.
• Shares fell about 15.3% to $44.73 after Q3 results: EPS beat ($0.35 vs. $0.29) and revenue roughly in line, but weak guidance, Greater China softness and inventory-clearing actions drove the selloff and margin pressure.
• Analyst sentiment is mixed-to-positive with a MarketBeat consensus of "Moderate Buy" and a consensus price target around $67.90 (19 Buys, 13 Holds, 1 Sell), amid multiple recent target cuts by firms.

NIKE (NYSE:NKE - Get Free Report) had its price objective dropped by research analysts at Barclays from $73.00 to $67.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage currently has an "overweight" rating on the footwear maker's stock. Barclays's target price would suggest a potential upside of 49.80% from the stock's current price.

A number of other analysts have also issued reports on NKE. JPMorgan Chase & Co. reissued a "neutral" rating and set a $52.00 target price on shares of NIKE in a research note on Wednesday. BTIG Research decreased their price objective on shares of NIKE from $90.00 to $75.00 and set a "buy" rating for the company in a report on Wednesday. Sanford C. Bernstein reissued a "buy" rating on shares of NIKE in a research report on Thursday, March 5th. Argus reduced their target price on shares of NIKE from $85.00 to $70.00 in a research report on Tuesday, December 23rd. Finally, Oppenheimer reaffirmed an "outperform" rating on shares of NIKE in a research note on Wednesday, December 17th. Nineteen investment analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, NIKE has a consensus rating of "Moderate Buy" and a consensus price target of $67.90.

NIKE Trading Down 15.3%

Shares of NYSE NKE traded down $8.09 during midday trading on Wednesday, hitting $44.73. The company's stock had a trading volume of 82,246,522 shares, compared to its average volume of 17,015,324. NIKE has a 12-month low of $44.96 and a 12-month high of $80.17. The company has a current ratio of 2.06, a quick ratio of 1.40 and a debt-to-equity ratio of 0.50. The firm has a market cap of $66.21 billion, a P/E ratio of 26.34, a price-to-earnings-growth ratio of 2.69 and a beta of 1.27. The business's 50 day moving average is $59.68 and its two-hundred day moving average is $63.66.

NIKE (NYSE:NKE - Get Free Report) last posted its quarterly earnings data on Tuesday, March 31st. The footwear maker reported $0.35 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.29 by $0.06. The company had revenue of $11.28 billion during the quarter, compared to analysts' expectations of $11.23 billion. NIKE had a return on equity of 18.43% and a net margin of 5.43%.NIKE's revenue was up .1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.54 EPS. As a group, equities research analysts expect that NIKE will post 2.05 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Main Street Financial Solutions LLC grew its stake in shares of NIKE by 4.2% during the second quarter. Main Street Financial Solutions LLC now owns 3,441 shares of the footwear maker's stock worth $244,000 after acquiring an additional 139 shares during the last quarter. St. Clair Advisors LLC raised its position in shares of NIKE by 0.9% in the 3rd quarter. St. Clair Advisors LLC now owns 15,217 shares of the footwear maker's stock valued at $1,061,000 after purchasing an additional 140 shares during the last quarter. Spirepoint Private Client LLC raised its position in shares of NIKE by 0.4% in the 3rd quarter. Spirepoint Private Client LLC now owns 36,140 shares of the footwear maker's stock valued at $2,520,000 after purchasing an additional 153 shares during the last quarter. Diligent Investors LLC boosted its stake in NIKE by 4.3% in the 4th quarter. Diligent Investors LLC now owns 3,719 shares of the footwear maker's stock worth $237,000 after purchasing an additional 153 shares in the last quarter. Finally, CVA Family Office LLC grew its position in NIKE by 8.0% during the 3rd quarter. CVA Family Office LLC now owns 2,113 shares of the footwear maker's stock worth $147,000 after purchasing an additional 156 shares during the last quarter. 64.25% of the stock is currently owned by hedge funds and other institutional investors.

More NIKE News

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: Q3 results beat estimates on both top and bottom lines (EPS $0.35 vs. ~$0.29 consensus; revenue ~$11.28B roughly in line-to-slightly-above expectations), showing the turnaround still produces tangible operational progress. NIKE, Inc. Reports Fiscal 2026 Third Quarter Results
• Neutral Sentiment: Management says the company has taken intentional actions (clearing unhealthy inventory, rebalancing wholesale vs. DTC) that pressure near‑term margins but are intended to set up later improvement — a strategic move that could pay off but delays visible recovery. Nike Takes 'Intentional' Hit To Clear 'Unhealthy Inventory' In Q3 As CEO Eyes Turnaround By Year-End
• Negative Sentiment: Weak guidance drove the selloff: Nike guided fiscal Q4 revenue to decline (company-range), below Street expectations, and warned Greater China sales will remain soft — management said the China reset could take multiple quarters. Nike Stock Sinks to Lowest Level Since 2014 as Weak Sales Outlook Spooks Investors
• Negative Sentiment: Margin pressure from tariffs, promotions and inventory actions pushed operating profit and net income materially lower year‑over‑year, undercutting confidence in a near‑term margin rebound. Nike third-quarter sales beat estimates as turnaround efforts gain traction
• Negative Sentiment: Analysts reacted quickly: multiple firms cut price targets or downgraded forecasts (Wells Fargo, Truist, Telsey and others), amplifying downward pressure and raising the risk of further revision. These Analysts Cut Their Forecasts On Nike After Q3 Results
• Negative Sentiment: Investor sentiment soured after candid executive comments about the slow turnaround — headlines and tone (including a blunt CEO remark) reinforced the view that recovery is taking longer than planned. Nike CEO vents as company struggles to regain footing after disappointing profits : ‘I'm so tired'

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).

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