NIKE (NYSE:NKE) Rating Reiterated by Wedbush

NIKE (NYSE:NKE)‘s stock had its “outperform” rating reissued by investment analysts at Wedbush in a research report issued on Tuesday, Benzinga reports. They currently have a $115.00 target price on the footwear maker’s stock. Wedbush’s target price points to a potential upside of 27.33% from the company’s previous close. Wedbush also issued estimates for NIKE’s Q1 2025 earnings at $0.84 EPS.

Other research analysts have also recently issued reports about the stock. Royal Bank of Canada reissued a “sector perform” rating and set a $100.00 price target (down from $110.00) on shares of NIKE in a report on Friday, March 22nd. Citigroup dropped their target price on shares of NIKE from $135.00 to $125.00 and set a “buy” rating for the company in a report on Thursday, March 14th. Morgan Stanley dropped their target price on shares of NIKE from $124.00 to $116.00 and set an “overweight” rating for the company in a report on Wednesday, March 27th. The Goldman Sachs Group dropped their target price on shares of NIKE from $135.00 to $120.00 and set a “buy” rating for the company in a report on Friday, March 22nd. Finally, Oppenheimer cut shares of NIKE from an “outperform” rating to a “market perform” rating and set a $110.00 target price for the company. in a report on Friday, February 16th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty have issued a buy rating to the company’s stock. Based on data from MarketBeat, NIKE presently has an average rating of “Moderate Buy” and a consensus price target of $116.26.

NIKE Trading Down 2.1 %

NYSE NKE opened at $90.32 on Tuesday. The stock has a market capitalization of $136.32 billion, a P/E ratio of 26.56, a P/E/G ratio of 1.81 and a beta of 1.08. NIKE has a 52-week low of $88.66 and a 52-week high of $128.38. The firm has a 50-day moving average price of $96.25 and a 200 day moving average price of $103.19. The company has a quick ratio of 1.89, a current ratio of 2.74 and a debt-to-equity ratio of 0.63.

NIKE (NYSE:NKE) last posted its quarterly earnings results on Thursday, March 21st. The footwear maker reported $0.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.29. The firm had revenue of $12.43 billion during the quarter, compared to analysts’ expectations of $12.28 billion. NIKE had a net margin of 10.14% and a return on equity of 39.41%. Equities research analysts expect that NIKE will post 3.73 EPS for the current year.

Hedge Funds Weigh In On NIKE

A number of hedge funds have recently made changes to their positions in NKE. Annapolis Financial Services LLC boosted its holdings in shares of NIKE by 440.0% in the 1st quarter. Annapolis Financial Services LLC now owns 270 shares of the footwear maker’s stock valued at $25,000 after purchasing an additional 220 shares during the last quarter. Iron Horse Wealth Management LLC raised its stake in shares of NIKE by 120.7% in the 4th quarter. Iron Horse Wealth Management LLC now owns 256 shares of the footwear maker’s stock valued at $28,000 after acquiring an additional 140 shares during the period. Planned Solutions Inc. purchased a new position in shares of NIKE in the 4th quarter valued at $29,000. True Wealth Design LLC raised its stake in shares of NIKE by 106.4% in the 4th quarter. True Wealth Design LLC now owns 291 shares of the footwear maker’s stock valued at $32,000 after acquiring an additional 150 shares during the period. Finally, Frank Rimerman Advisors LLC purchased a new position in shares of NIKE in the 4th quarter valued at $33,000. 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.