NIKE (NYSE:NKE) Given Outperform Rating at Wedbush

NIKE (NYSE:NKE)‘s stock had its “outperform” rating restated by investment analysts at Wedbush in a report issued on Tuesday, Benzinga reports. They currently have a $115.00 target price on the footwear maker’s stock. Wedbush’s price target would indicate 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.

Several other research analysts have also commented on NKE. Morgan Stanley dropped their price target on shares of NIKE from $124.00 to $116.00 and set an “overweight” rating on the stock in a research note on Wednesday, March 27th. TheStreet lowered shares of NIKE from a “b” rating to a “c+” rating in a research note on Tuesday, January 9th. Telsey Advisory Group lowered their target price on shares of NIKE from $140.00 to $120.00 and set an “outperform” rating on the stock in a research note on Monday, March 18th. UBS Group lowered their target price on shares of NIKE from $138.00 to $125.00 and set a “buy” rating on the stock in a research note on Friday, March 22nd. Finally, Evercore ISI lowered their target price on shares of NIKE from $127.00 to $117.00 and set an “outperform” rating on the stock in a research note on Friday, March 22nd. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and twenty have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $116.26.

NIKE Stock Performance

Shares of NKE opened at $90.32 on Tuesday. The company’s fifty day moving average is $96.25 and its 200-day moving average is $103.19. NIKE has a 12 month low of $88.66 and a 12 month high of $128.38. The firm has a market cap of $136.32 billion, a price-to-earnings ratio of 26.56, a price-to-earnings-growth ratio of 1.81 and a beta of 1.08. 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 announced its quarterly earnings results on Thursday, March 21st. The footwear maker reported $0.98 EPS for the quarter, topping the consensus estimate of $0.69 by $0.29. NIKE had a net margin of 10.14% and a return on equity of 39.41%. The company had revenue of $12.43 billion for the quarter, compared to analyst estimates of $12.28 billion. Equities analysts expect that NIKE will post 3.73 EPS for the current fiscal year.

Hedge Funds Weigh In On NIKE

Several institutional investors have recently added to or reduced their stakes in the company. Excalibur Management Corp lifted its holdings in NIKE by 1.9% during the 3rd quarter. Excalibur Management Corp now owns 5,148 shares of the footwear maker’s stock valued at $492,000 after purchasing an additional 98 shares during the last quarter. Jeppson Wealth Management LLC increased its position in NIKE by 4.5% in the 3rd quarter. Jeppson Wealth Management LLC now owns 2,315 shares of the footwear maker’s stock valued at $221,000 after acquiring an additional 100 shares in the last quarter. Cairn Investment Group Inc. increased its position in NIKE by 4.2% in the 3rd quarter. Cairn Investment Group Inc. now owns 2,500 shares of the footwear maker’s stock valued at $239,000 after acquiring an additional 100 shares in the last quarter. Tiemann Investment Advisors LLC increased its position in NIKE by 3.1% in the 3rd quarter. Tiemann Investment Advisors LLC now owns 3,340 shares of the footwear maker’s stock valued at $319,000 after acquiring an additional 100 shares in the last quarter. Finally, Piscataqua Savings Bank increased its position in NIKE by 2.1% in the 4th quarter. Piscataqua Savings Bank now owns 4,861 shares of the footwear maker’s stock valued at $528,000 after acquiring an additional 100 shares in the last quarter. 64.25% of the stock is owned by institutional investors.

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.