NIKE’s (NKE) Neutral Rating Reiterated at JPMorgan Chase & Co.

NIKE (NYSE:NKE)‘s stock had its “neutral” rating reiterated by equities research analysts at JPMorgan Chase & Co. in a research note issued on Monday,MarketScreener reports.

NKE has been the subject of a number of other research reports. Sanford C. Bernstein restated a “buy” rating on shares of NIKE in a research report on Wednesday, June 24th. DZ Bank reiterated a “buy” rating on shares of NIKE in a research note on Tuesday, April 21st. Citigroup reiterated a “neutral” rating on shares of NIKE in a research report on Wednesday. Zacks Research downgraded shares of NIKE from a “hold” rating to a “strong sell” rating in a report on Monday, June 1st. Finally, Oppenheimer lowered their price target on NIKE to $60.00 and set an “outperform” rating for the company in a research report on Friday. Fourteen investment analysts have rated the stock with a Buy rating, nineteen have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $59.01.

NIKE Price Performance

Shares of NKE opened at $40.93 on Monday. The company has a market capitalization of $60.61 billion, a P/E ratio of 27.06, a price-to-earnings-growth ratio of 1.77 and a beta of 1.12. The firm has a 50 day moving average of $44.19 and a 200 day moving average of $53.89. NIKE has a twelve month low of $40.00 and a twelve month high of $80.17. The company has a quick ratio of 1.45, a current ratio of 2.14 and a debt-to-equity ratio of 0.50.

NIKE (NYSE:NKE) last released its quarterly earnings data on Tuesday, March 31st. The footwear maker reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.06. The firm had revenue of $11.28 billion during the quarter, compared to analysts’ expectations of $11.23 billion. NIKE had a net margin of 4.84% and a return on equity of 16.41%. The firm’s quarterly revenue was up .1% on a year-over-year basis. During the same period in the previous year, the company earned $0.54 earnings per share. As a group, equities research analysts anticipate that NIKE will post 1.49 earnings per share for the current fiscal year.

Insider Buying and Selling at NIKE

In related news, Director Robert Holmes Swan bought 11,781 shares of the stock in a transaction dated Tuesday, April 7th. The shares were purchased at an average price of $42.44 per share, for a total transaction of $499,985.64. Following the completion of the purchase, the director directly owned 55,074 shares of the company’s stock, valued at $2,337,340.56. This represents a 27.21% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Philip Mccartney sold 17,398 shares of the firm’s stock in a transaction on Friday, June 12th. The shares were sold at an average price of $46.18, for a total transaction of $803,439.64. Following the sale, the executive vice president owned 53,133 shares in the company, valued at approximately $2,453,681.94. This represents a 24.67% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders acquired 64,441 shares of company stock valued at $2,734,204. Company insiders own 0.80% of the company’s stock.

Hedge Funds Weigh In On NIKE

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Scarborough Advisors LLC acquired a new position in NIKE in the 1st quarter valued at $25,000. Cornerstone Financial Management LLC acquired a new position in shares of NIKE during the 4th quarter valued at about $26,000. Sankala Group LLC acquired a new position in NIKE in the 4th quarter valued at about $26,000. Meeder Asset Management Inc. increased its holdings in shares of NIKE by 108.4% during the 1st quarter. Meeder Asset Management Inc. now owns 548 shares of the footwear maker’s stock worth $29,000 after buying an additional 285 shares during the last quarter. Finally, J.Safra Asset Management Corp acquired a new stake in shares of NIKE during the 4th quarter worth approximately $29,000. Hedge funds and other institutional investors own 64.25% of the company’s stock.

NIKE News Summary

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: Some commentators say NIKE may be undervalued after a tough stretch, arguing that signs of a turnaround could reward long-term investors if management shows improving execution and demand trends. Article Title
• Positive Sentiment: With earnings approaching, options activity and analyst commentary suggest traders are looking for a catalyst from the report, which could help the stock if results or guidance exceed low expectations. Article Title
• Neutral Sentiment: NIKE is a key stock to watch this week alongside major macro and market events, putting the company in focus but not necessarily changing the fundamental outlook on its own. Article Title
• Neutral Sentiment: Investors are expecting the earnings call to focus on topics like China, turnaround progress, and other strategic issues, indicating the report may be closely watched for clues rather than an obvious near-term win or miss. Article Title
• Negative Sentiment: NIKE shares recently fell to 52-week lows and were hit by bearish technical signals, price-target cuts, and persistent concerns about execution, suggesting momentum remains weak heading into earnings. Article Title
• Negative Sentiment: Several reports say Wall Street remains cautious, with mixed analyst sentiment and ongoing concerns about sales guidance and turnaround progress likely weighing on the stock ahead of the print. Article Title

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).