Wells Fargo & Company Has Lowered Expectations for NIKE (NYSE:NKE) Stock Price

NIKE (NYSE:NKE) had its price objective dropped by investment analysts at Wells Fargo & Company from $65.00 to $55.00 in a note issued to investors on Wednesday,Benzinga reports. The firm currently has an “overweight” rating on the footwear maker’s stock. Wells Fargo & Company‘s price objective points to a potential upside of 21.72% from the company’s current price.

NKE has been the subject of several other reports. Williams Trading reduced their target price on NIKE from $100.00 to $80.00 and set a “buy” rating for the company in a research note on Friday, December 19th. Piper Sandler set a $75.00 target price on NIKE and gave the company an “overweight” rating in a research note on Friday, December 19th. BTIG Research lowered their price objective on NIKE from $90.00 to $75.00 and set a “buy” rating for the company in a research note on Wednesday. Stifel Nicolaus set a $65.00 target price on NIKE and gave the stock a “hold” rating in a research report on Friday, December 19th. Finally, Oppenheimer reiterated an “outperform” rating on shares of NIKE in a research note on Wednesday, December 17th. Nineteen equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $69.00.

NIKE Stock Down 14.5%

NYSE:NKE traded down $7.63 on Wednesday, reaching $45.19. The stock had a trading volume of 60,435,995 shares, compared to its average volume of 16,695,512. The company has a 50-day moving average of $59.68 and a 200 day moving average of $63.66. 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 stock has a market cap of $66.89 billion, a P/E ratio of 26.55, a price-to-earnings-growth ratio of 2.69 and a beta of 1.27. NIKE has a 12-month low of $45.19 and a 12-month high of $80.17.

NIKE (NYSE:NKE) last released its quarterly earnings results on Tuesday, March 31st. The footwear maker reported $0.35 EPS for the quarter, topping the consensus estimate of $0.29 by $0.06. The business had revenue of $11.28 billion for 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%.The company’s revenue was up .1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.54 earnings per share. On average, research analysts predict that NIKE will post 2.05 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Mizuho Markets Cayman LP bought a new position in NIKE during the third quarter valued at about $34,200,000. Exchange Traded Concepts LLC raised its position in NIKE by 697.5% in the third quarter. Exchange Traded Concepts LLC now owns 228,889 shares of the footwear maker’s stock worth $15,960,000 after acquiring an additional 200,187 shares in the last quarter. Strive Asset Management LLC acquired a new stake in NIKE in the 3rd quarter valued at about $1,743,000. Soros Fund Management LLC boosted its position in shares of NIKE by 33.0% during the 2nd quarter. Soros Fund Management LLC now owns 302,320 shares of the footwear maker’s stock valued at $21,477,000 after purchasing an additional 75,000 shares in the last quarter. Finally, Brighton Jones LLC boosted its position in shares of NIKE by 54.6% during the 3rd quarter. Brighton Jones LLC now owns 104,791 shares of the footwear maker’s stock valued at $7,307,000 after purchasing an additional 37,019 shares in the last quarter. 64.25% of the stock is currently owned by institutional investors.

Trending Headlines about NIKE

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: Q3 beat on top and bottom lines: NIKE reported ~$11.28B revenue and $0.35 EPS, topping street estimates and showing some progress from product launches and improved wholesale performance. NIKE Q3 Press Release
• Positive Sentiment: Management says turnaround work is underway (discount control, new product flow, running category strength) — supports medium-term recovery thesis if execution continues. Reuters: Turnaround Progress
• Neutral Sentiment: Analyst reactions mixed: many firms reaffirm buys or neutrals but several cut price targets (Truist, Telsey, BTIG, Guggenheim among adjustments), leaving consensus targets well above current price but with rising uncertainty. Benzinga: Analyst Cuts
• Negative Sentiment: Weak guidance drove the selloff: NIKE guided fiscal Q4 revenue down 2%–4% vs. Wall Street modeling ~+2%, creating an earnings-growth gap and prompting heavy selling. Proactive: Weak Guidance
• Negative Sentiment: Greater China slump: management flagged a significant China sales decline (reported ~20% expected), and multiple outlets highlight that regaining share there will take quarters — a key driver of the negative outlook. WSJ: China Challenges
• Negative Sentiment: Margin and cash-flow pressure: gross/operating profit declined year-over-year (tariff-driven costs, promotional activity, inventory clean-up), and management says margin recovery will be gradual — squeezing near-term earnings power. Zacks: Margin Pressures
• Negative Sentiment: Broader risk drivers: analyst downgrades/price-target cuts and geopolitical headwinds (Middle East tensions) add short-term downside risk to sentiment and valuation multiple. Reuters: Geopolitical Risks

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).