NIKE (NYSE:NKE) Downgraded to Neutral Rating by DA Davidson

Key Points

• DA Davidson downgraded NIKE from "buy" to "neutral" and cut its price target to $46 (from $72)
• NIKE beat fiscal Q3 estimates with $11.28B revenue and $0.35 EPS versus $0.29 consensus, but issued weak Q4 guidance (revenue expected to decline ~‑2% to ‑4%) and cited Greater China weakness and inventory‑clearing that are pressuring margins.
• Several firms have trimmed targets and shifted to neutral/hold, though the MarketBeat consensus remains a "Moderate Buy" with a $63.42 price target, while shares are trading near a one‑year low around $43.90.

NIKE (NYSE:NKE - Get Free Report) was downgraded by equities researchers at DA Davidson from a "buy" rating to a "neutral" rating in a report released on Thursday,MarketScreener reports. They currently have a $46.00 price target on the footwear maker's stock, down from their previous price target of $72.00. DA Davidson's price objective would suggest a potential upside of 4.82% from the company's current price.

Several other equities analysts have also recently weighed in on the company. Weiss Ratings raised NIKE from a "sell (d+)" rating to a "hold (c-)" rating in a report on Monday, January 12th. Berenberg Bank restated a "neutral" rating and issued a $70.00 price target on shares of NIKE in a research report on Friday, December 19th. UBS Group dropped their price target on NIKE from $58.00 to $54.00 and set a "neutral" rating for the company in a research note on Wednesday. Evercore reduced their price objective on shares of NIKE from $69.00 to $57.00 and set an "outperform" rating on the stock in a research note on Wednesday. Finally, Telsey Advisory Group decreased their target price on shares of NIKE from $65.00 to $55.00 and set a "market perform" rating on the stock in a report on Wednesday. Nineteen investment analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $63.42.

NIKE Price Performance

Shares of NYSE NKE opened at $43.89 on Thursday. The firm has a market cap of $64.97 billion, a P/E ratio of 28.73, a price-to-earnings-growth ratio of 2.78 and a beta of 1.31. The business's 50 day moving average is $59.27 and its 200-day moving average is $63.53. The company has a current ratio of 2.06, a quick ratio of 1.40 and a debt-to-equity ratio of 0.50. NIKE has a 1-year low of $43.90 and a 1-year high of $80.17.

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 for the quarter, topping the consensus estimate of $0.29 by $0.06. NIKE had a return on equity of 16.56% and a net margin of 4.84%.The firm had revenue of $11.28 billion for the quarter, compared to analysts' expectations of $11.23 billion. During the same quarter last year, the business earned $0.54 EPS. The company's quarterly revenue was up .1% compared to the same quarter last year. Equities research analysts predict that NIKE will post 2.05 earnings per share for the current year.

Institutional Investors Weigh In On NIKE

A number of hedge funds have recently made changes to their positions in the stock. Main Street Financial Solutions LLC boosted its position in NIKE by 4.2% in the second quarter. Main Street Financial Solutions LLC now owns 3,441 shares of the footwear maker's stock valued at $244,000 after buying an additional 139 shares in the last quarter. St. Clair Advisors LLC grew its stake in shares of NIKE by 0.9% in the third quarter. St. Clair Advisors LLC now owns 15,217 shares of the footwear maker's stock worth $1,061,000 after purchasing an additional 140 shares during the last quarter. Spirepoint Private Client LLC increased its holdings in NIKE by 0.4% in the third 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 period. Diligent Investors LLC increased its holdings in NIKE by 4.3% in the fourth quarter. Diligent Investors LLC now owns 3,719 shares of the footwear maker's stock valued at $237,000 after purchasing an additional 153 shares during the period. Finally, CVA Family Office LLC raised 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 institutional investors and hedge funds.

More NIKE News

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: Q3 beat on the top and bottom lines — NIKE reported ~$11.28B revenue and $0.35 EPS (above consensus), showing the turnaround has some traction on product and wholesale performance. NIKE, Inc. Reports Fiscal 2026 Third Quarter Results
• Positive Sentiment: Certain sell-side bulls / higher price targets remain — a number of firms still have buy/outperform ratings and elevated price targets (e.g., Guggenheim’s new $74 target), supporting longer‑term upside if Nike repairs China and margins. NIKE NYSE: NKE Given New $74.00 Price Target at Guggenheim
• Neutral Sentiment: Major banks reiterate mixed/neutral views — Goldman Sachs and JPMorgan have reaffirmed “Neutral” stances with mid‑range targets, reflecting uncertainty about timing of recovery. NIKE NYSE: NKE Given "Neutral" Rating at The Goldman Sachs Group NIKE's (NKE) Neutral Rating Reaffirmed at JPMorgan Chase & Co.
• Negative Sentiment: Management issued weak Q4 guidance — company now expects revenue to decline (guidance ~‑2% to ‑4%) and signaled China sales will remain depressed, which overshadowed the quarter’s beat and triggered the selloff. Wall Street loses patience with Nike as turnaround drags, China weakness deepens
• Negative Sentiment: China weakness and inventory/discounting pressure — Greater China revenue declined materially and Nike said it’s taking intentional hits to clear unhealthy inventory, weighing on margins and near‑term profit recovery. Nike's turnaround put to test as Middle East conflict poses new risks
• Negative Sentiment: Margin pressures from tariffs, promotions and cost mix — gross and operating margins contracted; investors are focused on when margin expansion will resume. Nike Stock Sinks to Lowest Level Since 2014 as Weak Sales Outlook Spooks Investors
• Negative Sentiment: Widespread analyst downgrades and price‑target cuts — multiple firms trimmed targets and shifted to hold/neutral, increasing downside pressure until guidance and China trends improve. Nike Stock Plunges As Weak China Sales Guidance Rattles Investors
• Negative Sentiment: Macro / geopolitical headwinds — Middle East conflict and higher oil prices are cited as additional risks to consumer demand and retailer margins for a global discretionary brand. Why Nike Stock Lost 15% in March

NIKE Company Profile

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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