NIKE’s (NKE) Market Perform Rating Reiterated at Telsey Advisory Group

NIKE (NYSE:NKE)‘s stock had its “market perform” rating restated by Telsey Advisory Group in a report issued on Wednesday,Benzinga reports. They presently have a $75.00 price target on the footwear maker’s stock. Telsey Advisory Group’s price objective would suggest a potential upside of 0.55% from the stock’s current price. Telsey Advisory Group also issued estimates for NIKE’s Q4 2026 earnings at $0.36 EPS, FY2026 earnings at $1.66 EPS, Q2 2027 earnings at $0.64 EPS, Q3 2027 earnings at $0.62 EPS and Q4 2027 earnings at $0.53 EPS.

NKE has been the subject of several other research reports. Needham & Company LLC lifted their price objective on NIKE from $66.00 to $78.00 and gave the company a “buy” rating in a research note on Friday, June 27th. Royal Bank Of Canada raised shares of NIKE from a “sector perform” rating to an “outperform” rating and raised their target price for the company from $76.00 to $90.00 in a report on Thursday, September 18th. Citigroup upgraded shares of NIKE from a “neutral” rating to a “positive” rating in a report on Friday, September 19th. Evercore ISI dropped their price objective on shares of NIKE from $97.00 to $75.00 and set an “outperform” rating on the stock in a research report on Tuesday, June 24th. Finally, Zacks Research raised shares of NIKE from a “strong sell” rating to a “hold” rating in a research report on Tuesday, August 26th. Three research analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and seven have assigned a Hold rating to the stock. According to data from MarketBeat, NIKE currently has a consensus rating of “Moderate Buy” and a consensus price target of $81.57.

NIKE Stock Performance

NYSE:NKE opened at $74.59 on Wednesday. NIKE has a 52 week low of $52.28 and a 52 week high of $84.76. The company has a fifty day simple moving average of $74.71 and a two-hundred day simple moving average of $67.32. The company has a quick ratio of 1.50, a current ratio of 2.19 and a debt-to-equity ratio of 0.59. The company has a market cap of $110.16 billion, a price-to-earnings ratio of 38.25, a price-to-earnings-growth ratio of 2.79 and a beta of 1.29.

NIKE (NYSE:NKE) last released its earnings results on Tuesday, September 30th. The footwear maker reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.22. NIKE had a return on equity of 21.16% and a net margin of 6.23%.The firm had revenue of $11.72 billion during the quarter, compared to analyst estimates of $10.96 billion. During the same period last year, the business posted $0.70 earnings per share. NIKE’s revenue was up 1.0% compared to the same quarter last year. As a group, equities analysts anticipate that NIKE will post 2.05 earnings per share for the current fiscal year.

Insider Transactions at NIKE

In other NIKE news, Chairman Mark G. Parker sold 110,000 shares of the firm’s stock in a transaction dated Wednesday, July 16th. The stock was sold at an average price of $72.29, for a total transaction of $7,951,900.00. Following the transaction, the chairman owned 842,361 shares of the company’s stock, valued at approximately $60,894,276.69. This trade represents a 11.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Central Pacific Bank Trust Division purchased a new stake in NIKE in the third quarter valued at approximately $921,000. GAMMA Investing LLC increased its holdings in shares of NIKE by 14.8% in the 3rd quarter. GAMMA Investing LLC now owns 32,445 shares of the footwear maker’s stock valued at $2,262,000 after acquiring an additional 4,177 shares during the period. Park National Corp OH increased its holdings in shares of NIKE by 455.8% in the 3rd quarter. Park National Corp OH now owns 237,541 shares of the footwear maker’s stock valued at $16,564,000 after acquiring an additional 194,806 shares during the period. Jacobs & Co. CA raised its position in NIKE by 1.8% in the 3rd quarter. Jacobs & Co. CA now owns 162,008 shares of the footwear maker’s stock valued at $11,296,000 after purchasing an additional 2,870 shares during the last quarter. Finally, Cacti Asset Management LLC boosted its stake in NIKE by 3.7% during the 3rd quarter. Cacti Asset Management LLC now owns 318,054 shares of the footwear maker’s stock worth $22,044,000 after purchasing an additional 11,215 shares during the period. Hedge funds and other institutional investors 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.