NIKE (NYSE:NKE) Given New $75.00 Price Target at BTIG Research

Key Points

• BTIG cut its price target on NIKE to $75 (from $90) but kept a "buy" rating, a level that implies roughly 42% upside; the Street consensus target is about $72.10 with a "Moderate Buy" rating (21 Buys, 11 Holds, 1 Sell).
• Nike modestly beat Q3 estimates (EPS $0.35 vs. $0.32; revenue $11.28B) but issued weak guidance — forecasting ~2–4% revenue decline and ~20% China sales drop — which raised margin concerns and drove a sharp share pullback.

NIKE (NYSE:NKE - Get Free Report) had its target price cut by BTIG Research from $90.00 to $75.00 in a research note issued on Wednesday,Benzinga reports. The brokerage presently has a "buy" rating on the footwear maker's stock. BTIG Research's price target points to a potential upside of 41.97% from the company's previous close.

Other research analysts have also recently issued research reports about the company. DZ Bank reaffirmed a "buy" rating on shares of NIKE in a research report on Friday, December 19th. Piper Sandler set a $75.00 price objective on NIKE and gave the company an "overweight" rating in a research note on Friday, December 19th. Raymond James Financial reaffirmed a "market perform" rating on shares of NIKE in a report on Monday, December 15th. Deutsche Bank Aktiengesellschaft cut their target price on shares of NIKE from $67.00 to $54.00 and set a "hold" rating for the company in a research report on Monday, March 23rd. Finally, Sanford C. Bernstein restated a "buy" rating on shares of NIKE in a research note on Thursday, March 5th. Twenty-one research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $72.10.

NIKE Trading Up 3.1%

Shares of NKE stock opened at $52.83 on Wednesday. The company has a quick ratio of 1.40, a current ratio of 2.06 and a debt-to-equity ratio of 0.50. The firm has a market cap of $78.21 billion, a P/E ratio of 31.08, a PEG ratio of 2.69 and a beta of 1.27. The company has a 50 day moving average of $59.68 and a 200-day moving average of $63.66. NIKE has a 12-month low of $50.95 and a 12-month 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 EPS for the quarter, beating the consensus estimate of $0.32 by $0.03. NIKE had a return on equity of 18.43% and a net margin of 5.43%.The business had revenue of $11.28 billion for the quarter, compared to the consensus estimate of $11.23 billion. During the same quarter in the prior year, the business earned $0.54 earnings per share. NIKE's revenue for the quarter was up .1% on a year-over-year basis. Sell-side analysts anticipate that NIKE will post 2.05 earnings per share for the current year.

Institutional Trading of NIKE

Several institutional investors and hedge funds have recently bought and sold shares of the company. Cornerstone Financial Management LLC bought a new position in NIKE in the 4th quarter valued at $26,000. Sankala Group LLC bought a new position in shares of NIKE in the fourth quarter worth $26,000. J.Safra Asset Management Corp purchased a new stake in shares of NIKE in the fourth quarter worth $29,000. Kemnay Advisory Services Inc. purchased a new stake in shares of NIKE in the fourth quarter worth $30,000. Finally, Twin Peaks Wealth Advisors LLC bought a new stake in NIKE during the second quarter valued at $31,000. 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 consensus on both top and bottom lines (EPS $0.35 vs. ~ $0.31 and revenue ~$11.28B in line/above estimates), showing some operational progress and product demand in running/performance categories. TipRanks Q3 Preview
• Positive Sentiment: Management reiterated parts of the “Win Now” turnaround — tighter discounting and new product innovation were credited with stabilizing demand in some segments. Reuters: Sales Beat
• Neutral Sentiment: Revenue was essentially flat year‑over‑year (reported ~$11.3B) with mixed regional performance: wholesale held up while NIKE Direct declined — important context but not an immediate positive/negative catalyst by itself. Business Wire Release
• Neutral Sentiment: Some analysts still highlight long-term upside tied to brand strength and product cycles; coverage remains skewed bullish overall despite short-term concerns. WSJ: Analyst Context
• Negative Sentiment: Forward guidance disappointed: Nike warned current-quarter revenue could decline ~2–4% and projected China sales to drop about 20%, a major hit given China’s size for the business — this is the primary driver of the stock’s decline. Invezz: Weak Outlook
• Negative Sentiment: Gross‑margin pressure and narrower operating profit were highlighted (management expects margin recovery over multiple quarters), raising near‑term profitability concerns. Seeking Alpha: Margin Pressure
• Negative Sentiment: Geopolitical risk: executives warned that unrest in the Middle East could further complicate the turnaround, adding a macro tail‑risk that may keep investors cautious. Reuters: Middle East Risk
• Negative Sentiment: Immediate market reaction: shares slid sharply in after‑hours / premarket trading, reflecting investor skepticism that the turnaround will accelerate given the new guidance and China slump. Blockonomi: Stock Plunge
• Neutral Sentiment: Some houses (e.g., Citi) maintained neutral/hold ratings citing the beat but cautious outlook; watch for upcoming analyst revisions and updated models. TipRanks: Citi Hold

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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