JPMorgan Chase & Co. Cuts NIKE (NYSE:NKE) Price Target to $33.00

NIKE (NYSE:NKE) had its target price trimmed by JPMorgan Chase & Co. from $40.00 to $33.00 in a research report report published on Friday morning,Benzinga reports. The firm currently has an underweight rating on the footwear maker’s stock.

Several other research firms have also weighed in on NKE. Evercore cut their target price on shares of NIKE from $46.00 to $28.00 in a report on Monday, September 28th. Needham & Company LLC reissued a “hold” rating on shares of NIKE in a report on Friday. Zacks Research upgraded shares of NIKE from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 19th. Bank of America restated an “underperform” rating and set a $24.00 price target (down from $30.00) on shares of NIKE in a research report on Friday. Finally, Jefferies Financial Group set a $60.00 price objective on shares of NIKE in a report on Friday. One investment analyst has rated the stock with a Strong Buy rating, eight have assigned a Buy rating, twenty-two have given a Hold rating and eight have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $42.12.

NIKE Stock Up 0.0%

NIKE stock opened at $33.88 on Friday. The firm has a market cap of $50.27 billion, a price-to-earnings ratio of 16.29, a price-to-earnings-growth ratio of 2.58 and a beta of 1.09. NIKE has a 52 week low of $31.97 and a 52 week high of $74.78. The business’s 50-day moving average price is $38.88 and its 200 day moving average price is $42.79. The company has a quick ratio of 1.39, a current ratio of 2.07 and a debt-to-equity ratio of 0.39.

NIKE (NYSE:NKE) last announced its quarterly earnings results on Thursday, October 1st. The footwear maker reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.05. NIKE had a return on equity of 15.94% and a net margin of 6.74%.The company had revenue of $11.21 billion during the quarter, compared to the consensus estimate of $11.32 billion. During the same period in the previous year, the company posted $0.49 earnings per share. NIKE’s revenue for the quarter was down 4.3% on a year-over-year basis. NIKE has set its FY 2027 guidance at 1.150-1.350 EPS. As a group, sell-side analysts anticipate that NIKE will post 1.46 earnings per share for the current year.

NIKE Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Stockholders of record on Tuesday, September 1st were given a dividend of $0.41 per share. The ex-dividend date was Tuesday, September 1st. This represents a $1.64 dividend on an annualized basis and a dividend yield of 4.8%. NIKE’s dividend payout ratio (DPR) is 78.85%.

Insiders Place Their Bets

In other NIKE news, COO Venkatesh Alagirisamy sold 3,671 shares of the company’s stock in a transaction on Wednesday, September 9th. The shares were sold at an average price of $37.59, for a total transaction of $137,992.89. Following the completion of the transaction, the chief operating officer directly owned 104,862 shares in the company, valued at approximately $3,941,762.58. This represents a 3.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Amy Montagne sold 4,867 shares of the stock in a transaction on Friday, August 7th. The shares were sold at an average price of $42.05, for a total transaction of $204,657.35. Following the transaction, the insider directly owned 57,436 shares in the company, valued at approximately $2,415,183.80. The trade was a 7.81% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 14,974 shares of company stock worth $600,126. Corporate insiders own 1.10% of the company’s stock.

Institutional Trading of NIKE

Institutional investors have recently modified their holdings of the stock. TCM Advisors LLC raised its stake in NIKE by 1.8% during the fourth quarter. TCM Advisors LLC now owns 11,218 shares of the footwear maker’s stock worth $715,000 after purchasing an additional 200 shares during the period. FAS Wealth Partners Inc. grew its stake in shares of NIKE by 4.2% in the 1st quarter. FAS Wealth Partners Inc. now owns 6,109 shares of the footwear maker’s stock valued at $323,000 after buying an additional 249 shares during the period. Elevation Wealth Partners LLC grew its stake in shares of NIKE by 34.6% in the 2nd quarter. Elevation Wealth Partners LLC now owns 989 shares of the footwear maker’s stock valued at $41,000 after buying an additional 254 shares during the period. Midwest Professional Planners LTD. increased its holdings in shares of NIKE by 1.5% during the 1st quarter. Midwest Professional Planners LTD. now owns 17,904 shares of the footwear maker’s stock worth $946,000 after buying an additional 266 shares during the last quarter. Finally, Advance Capital Management Inc. increased its holdings in shares of NIKE by 7.1% during the 1st quarter. Advance Capital Management Inc. now owns 4,203 shares of the footwear maker’s stock worth $222,000 after buying an additional 279 shares during the last quarter. Institutional investors and hedge funds own 64.25% of the company’s stock.

More NIKE News

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: NIKE reported fiscal Q1 EPS of $0.48, above the $0.43 analyst consensus. The company also retains a strong balance sheet, with approximately $8.4 billion in cash and short-term investments, while its dividend yield is approaching 5%. NIKE Posts Earnings Results
• Positive Sentiment: Some analysts see the selloff as an opportunity. Freedom Broker upgraded NKE from “sell” to “buy” with a $51 price target, while BTIG maintained a “buy” rating with a $50 target. Bernstein called the stock “de-risked” following the earnings release. Bernstein says Nike stock is de-risked
• Neutral Sentiment: NIKE is launching the Pace restructuring program, targeting approximately $2.5 billion in savings. Management said the plan is intended to simplify operations and support performance categories, but implementation will include further job cuts likely extending into 2027. NIKE fiscal 2027 first-quarter results
• Neutral Sentiment: The company’s dividend appears supported by its liquidity and history of 24 consecutive years of increases, although a higher yield also reflects the stock’s substantial decline and investors’ concerns about future earnings.
• Negative Sentiment: Fiscal Q1 revenue fell 4.3% year over year to $11.21 billion, below the $11.32 billion consensus estimate. Weakness in Greater China, Sportswear and Jordan continued to weigh on sales, while competition and changing consumer preferences are pressuring the brand. Nike plans more job cuts and forecasts revenue drop
• Negative Sentiment: Management expects fiscal 2027 revenue to decline by a high-single-digit percentage and provided EPS guidance of $1.15–$1.35, well below the roughly $1.66 analyst consensus. The outlook suggests Nike’s turnaround may take longer and be more costly than investors expected. Nike shares fall after weak outlook and layoffs
• Negative Sentiment: Several firms reduced price targets, including Citi to $32 and JPMorgan to $33, with neutral or underweight ratings. Zacks also placed NKE on its Strong Sell list, reinforcing concerns about margin pressure, China weakness and delayed recovery.

NIKE Company Profile

NIKE, Inc is a global sportswear company that designs, develops, markets and sells athletic footwear, apparel, equipment, accessories and related services. Its products are marketed under the NIKE, Jordan and Converse brands and are used across a broad range of sports and lifestyle activities, including running, basketball, football, training and outdoor pursuits.

The company distributes its products through a combination of wholesale partners, NIKE-owned retail stores and digital platforms.