NIKE (NYSE:NKE) Rating Increased to Overweight at KeyCorp

Key Points

• NIKE's stock was upgraded to an "overweight" rating by KeyCorp, which set a price target of $90.00, indicating a potential upside of 20.66% from its previous close.
• The company reported a $0.49 EPS for the last quarter, surpassing analysts' expectations of $0.27, and its revenue totaled $11.72 billion, above the consensus estimate.
• Insider selling was noted as Chairman Mark G. Parker sold over 86,000 shares at an average price of $75.93, decreasing his holdings by 10.36%.

NIKE (NYSE:NKE - Get Free Report) was upgraded by analysts at KeyCorp from a "sector weight" rating to an "overweight" rating in a note issued to investors on Wednesday, MarketBeat reports. The brokerage presently has a $90.00 price target on the footwear maker's stock. KeyCorp's target price would indicate a potential upside of 20.66% from the company's previous close. KeyCorp also issued estimates for NIKE's Q2 2026 earnings at $0.38 EPS, Q3 2026 earnings at $0.52 EPS, Q4 2026 earnings at $0.33 EPS and FY2027 earnings at $2.38 EPS.

Other equities analysts also recently issued reports about the stock. Barclays set a $70.00 price target on shares of NIKE and gave the company a "positive" rating in a report on Wednesday. Zacks Research upgraded shares of NIKE from a "strong sell" rating to a "hold" rating in a report on Tuesday, August 26th. JPMorgan Chase & Co. upped their target price on shares of NIKE from $93.00 to $100.00 and gave the stock an "overweight" rating in a research note on Wednesday. Morgan Stanley set a $72.00 target price on shares of NIKE and gave the stock a "positive" rating in a research note on Wednesday. Finally, Stifel Nicolaus set a $68.00 target price on shares of NIKE and gave the stock a "hold" rating in a research note on Wednesday. Four analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $81.57.

NIKE Stock Up 0.5%

Shares of NKE stock opened at $74.59 on Wednesday. The stock has a market cap of $110.16 billion, a P/E ratio of 38.25, a PEG ratio of 2.79 and a beta of 1.29. NIKE has a 52 week low of $52.28 and a 52 week high of $84.76. The company has a quick ratio of 1.50, a current ratio of 2.19 and a debt-to-equity ratio of 0.59. The company's fifty day simple moving average is $74.71 and its two-hundred day simple moving average is $67.32.

NIKE (NYSE:NKE - Get Free Report) last posted its earnings results on Tuesday, September 30th. The footwear maker reported $0.49 earnings per share for the quarter, topping analysts' consensus estimates of $0.27 by $0.22. NIKE had a net margin of 6.23% and a return on equity of 21.16%. The firm had revenue of $11.72 billion for the quarter, compared to the consensus estimate of $10.96 billion. During the same period in the previous year, the firm posted $0.70 EPS. The business's quarterly revenue was up 1.0% on a year-over-year basis. Analysts predict that NIKE will post 2.05 EPS for the current fiscal year.

Insider Buying and Selling at NIKE

In other news, Chairman Mark G. Parker sold 86,078 shares of the company's stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $75.93, for a total value of $6,535,902.54. Following the completion of the sale, the chairman owned 744,988 shares of the company's stock, valued at approximately $56,566,938.84. This represents a 10.36% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.80% of the company's stock.

Institutional Investors Weigh In On NIKE

Hedge funds have recently modified their holdings of the business. Mascoma Wealth Management LLC purchased a new stake in shares of NIKE in the 2nd quarter worth approximately $26,000. Stone House Investment Management LLC purchased a new stake in NIKE during the first quarter valued at approximately $25,000. Halbert Hargrove Global Advisors LLC lifted its position in NIKE by 952.6% during the second quarter. Halbert Hargrove Global Advisors LLC now owns 400 shares of the footwear maker's stock valued at $28,000 after acquiring an additional 362 shares during the last quarter. Twin Peaks Wealth Advisors LLC purchased a new stake in NIKE during the second quarter valued at approximately $31,000. Finally, Matrix Trust Co lifted its position in NIKE by 53.1% during the second quarter. Matrix Trust Co now owns 441 shares of the footwear maker's stock valued at $31,000 after acquiring an additional 153 shares during the last quarter. Hedge funds and other institutional investors own 64.25% of the company's stock.

About NIKE

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.