Telsey Advisory Group Downgrades NIKE (NYSE:NKE) to Market Perform

NIKE (NYSE:NKE - Get Free Report) was downgraded by analysts at Telsey Advisory Group from an "outperform" rating to a "market perform" rating in a report issued on Friday, Marketbeat Ratings reports. They currently have a $80.00 price objective on the footwear maker's stock, down from their previous price objective of $93.00. Telsey Advisory Group's price objective points to a potential upside of 3.98% from the stock's current price. Telsey Advisory Group also issued estimates for NIKE's Q2 2025 earnings at $0.62 EPS, Q3 2025 earnings at $0.48 EPS, Q4 2025 earnings at $0.69 EPS, FY2025 earnings at $2.50 EPS, Q1 2026 earnings at $0.78 EPS, Q2 2026 earnings at $0.79 EPS, Q4 2026 earnings at $0.88 EPS and FY2026 earnings at $3.10 EPS.

Other research analysts have also issued reports about the company. Royal Bank of Canada cut their price target on NIKE from $82.00 to $80.00 and set a "sector perform" rating for the company in a report on Thursday, November 7th. Needham & Company LLC began coverage on shares of NIKE in a research report on Friday, November 22nd. They set a "buy" rating and a $84.00 target price on the stock. Deutsche Bank Aktiengesellschaft reduced their price target on shares of NIKE from $92.00 to $82.00 and set a "buy" rating for the company in a report on Monday. Robert W. Baird raised their price target on shares of NIKE from $100.00 to $110.00 and gave the stock an "outperform" rating in a research report on Friday, September 20th. Finally, Barclays cut their price objective on shares of NIKE from $81.00 to $79.00 and set an "equal weight" rating for the company in a research report on Wednesday, December 11th. Fifteen research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to MarketBeat.com, NIKE currently has an average rating of "Moderate Buy" and a consensus target price of $89.77.

NIKE Stock Performance

NYSE:NKE traded down $0.16 during midday trading on Friday, reaching $76.94. The stock had a trading volume of 49,808,547 shares, compared to its average volume of 11,716,173. The stock has a market capitalization of $115.36 billion, a P/E ratio of 22.05, a PEG ratio of 1.89 and a beta of 1.02. NIKE has a 1-year low of $70.75 and a 1-year high of $123.30. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.36 and a quick ratio of 1.58. The firm's fifty day simple moving average is $78.18 and its 200-day simple moving average is $80.77.

NIKE (NYSE:NKE - Get Free Report) last issued its quarterly earnings results on Thursday, December 19th. The footwear maker reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.15. NIKE had a return on equity of 39.84% and a net margin of 10.60%. The company had revenue of $12.35 billion for the quarter, compared to the consensus estimate of $12.11 billion. During the same period last year, the business posted $1.03 earnings per share. The firm's revenue was down 7.7% compared to the same quarter last year. On average, equities research analysts forecast that NIKE will post 2.72 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of NKE. Denver PWM LLC grew its position in shares of NIKE by 9.7% during the 3rd quarter. Denver PWM LLC now owns 2,574 shares of the footwear maker's stock worth $228,000 after buying an additional 227 shares during the period. Tidal Investments LLC boosted its stake in NIKE by 65.4% in the third quarter. Tidal Investments LLC now owns 105,571 shares of the footwear maker's stock valued at $9,332,000 after acquiring an additional 41,752 shares during the last quarter. Soltis Investment Advisors LLC grew its holdings in NIKE by 12.2% during the 3rd quarter. Soltis Investment Advisors LLC now owns 36,010 shares of the footwear maker's stock worth $3,183,000 after acquiring an additional 3,918 shares during the period. Teachers Retirement System of The State of Kentucky raised its position in shares of NIKE by 8.2% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 265,449 shares of the footwear maker's stock valued at $23,466,000 after acquiring an additional 20,043 shares during the last quarter. Finally, Toronto Dominion Bank lifted its stake in shares of NIKE by 59.9% in the 3rd quarter. Toronto Dominion Bank now owns 1,055,597 shares of the footwear maker's stock valued at $93,315,000 after purchasing an additional 395,434 shares during the period. Institutional investors and hedge funds own 64.25% of the company's stock.

NIKE Company Profile

NIKE, Inc, together with its subsidiaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, accessories, and services worldwide. The company provides athletic and casual footwear, apparel, and accessories under the Jumpman trademark; and casual sneakers, apparel, and accessories under the Converse, Chuck Taylor, All Star, One Star, Star Chevron, and Jack Purcell trademarks.