In the preceding three months, 30 analysts have released ratings for Nike NKE, presenting a wide array of perspectives from bullish to bearish.
The table below provides a snapshot of their recent ratings, showcasing how sentiments have evolved over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 7 | 12 | 11 | 0 | 0 |
| Last 30D | 1 | 0 | 0 | 0 | 0 |
| 1M Ago | 0 | 0 | 1 | 0 | 0 |
| 2M Ago | 5 | 11 | 10 | 0 | 0 |
| 3M Ago | 1 | 1 | 0 | 0 | 0 |
The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $97.2, a high estimate of $120.00, and a low estimate of $71.00. A negative shift in sentiment is evident as analysts have decreased the average price target by 11.27%.
Decoding Analyst Ratings: A Detailed Look
In examining recent analyst actions, we gain insights into how financial experts perceive Nike. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Sam Poser | Williams Trading | Raises | Buy | $93.00 | $67.00 |
| John Kernan | TD Cowen | Lowers | Hold | $71.00 | $75.00 |
| Piral Dadhania | RBC Capital | Lowers | Sector Perform | $75.00 | $100.00 |
| Krisztina Katai | Deutsche Bank | Lowers | Buy | $92.00 | $115.00 |
| Piral Dadhania | RBC Capital | Lowers | Sector Perform | $75.00 | $100.00 |
| Paul Lejuez | Citigroup | Lowers | Buy | $102.00 | $115.00 |
| Kate Fitzsimons | Wells Fargo | Lowers | Overweight | $92.00 | $115.00 |
| Erwan Rambourg | HSBC | Lowers | Hold | $90.00 | $100.00 |
| Robert Drbul | Guggenheim | Lowers | Buy | $115.00 | $130.00 |
| Brooke Roach | Goldman Sachs | Lowers | Buy | $105.00 | $118.00 |
| Adrienne Yih | Barclays | Lowers | Equal-Weight | $80.00 | $109.00 |
| Lorraine Hutchinson | B of A Securities | Lowers | Buy | $104.00 | $113.00 |
| Joseph Civello | Truist Securities | Lowers | Hold | $81.00 | $99.00 |
| Matthew Boss | JP Morgan | Lowers | Neutral | $83.00 | $116.00 |
| Simeon Siegel | BMO Capital | Lowers | Outperform | $100.00 | $118.00 |
| Tom Nikic | Wedbush | Lowers | Outperform | $97.00 | $115.00 |
| Cristina Fernandez | Telsey Advisory Group | Lowers | Outperform | $100.00 | $115.00 |
| Brian Nagel | Oppenheimer | Maintains | Outperform | $120.00 | $120.00 |
| John Kernan | TD Cowen | Lowers | Hold | $75.00 | $89.00 |
| Jonathan Komp | Baird | Lowers | Outperform | $100.00 | $125.00 |
| Michael Binetti | Evercore ISI Group | Lowers | Outperform | $105.00 | $110.00 |
| Jim Duffy | Stifel | Lowers | Hold | $88.00 | $117.00 |
| Alex Straton | Morgan Stanley | Lowers | Equal-Weight | $79.00 | $114.00 |
| Joseph Feldman | Telsey Advisory Group | Maintains | Outperform | $115.00 | $115.00 |
| Brian Nagel | Oppenheimer | Raises | Outperform | $120.00 | $110.00 |
| Matthew Korn | JP Morgan | Lowers | Overweight | $116.00 | $122.00 |
| Joseph Civello | Truist Securities | Maintains | Hold | $99.00 | $99.00 |
| Alex Straton | Morgan Stanley | Lowers | Overweight | $114.00 | $116.00 |
| Krisztina Katai | Deutsche Bank | Announces | Buy | $115.00 | - |
| Ike Boruchow | Wells Fargo | Lowers | Overweight | $115.00 | $120.00 |
Key Insights:
- Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Nike. This offers insight into analysts' perspectives on the current state of the company.
- Rating: Offering insights into predictions, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Nike compared to the broader market.
- Price Targets: Analysts provide insights into price targets, offering estimates for the future value of Nike's stock. This comparison reveals trends in analysts' expectations over time.
To gain a panoramic view of Nike's market performance, explore these analyst evaluations alongside essential financial indicators. Stay informed and make judicious decisions using our Ratings Table.
Stay up to date on Nike analyst ratings.
Unveiling the Story Behind Nike
Nike is the largest athletic footwear and apparel brand in the world. Key categories include basketball, running, and football (soccer). Footwear generates about two thirds of its sales. Its brands include Nike, Jordan (premium athletic footwear and clothing), and Converse (casual footwear). Nike sells products worldwide through company-owned stores, franchised stores, and third-party retailers. The firm also operates e-commerce platforms in more than 40 countries. Nearly all its production is outsourced to contract manufacturers in more than 30 countries. Nike was founded in 1964 and is based in Beaverton, Oregon.
Understanding the Numbers: Nike's Finances
Market Capitalization: Exceeding industry standards, the company's market capitalization places it above industry average in size relative to peers. This emphasizes its significant scale and robust market position.
Revenue Challenges: Nike's revenue growth over 3 months faced difficulties. As of 31 May, 2024, the company experienced a decline of approximately -1.71%. This indicates a decrease in top-line earnings. When compared to others in the Consumer Discretionary sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Net Margin: Nike's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 11.9%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): Nike's ROE surpasses industry standards, highlighting the company's exceptional financial performance. With an impressive 10.47% ROE, the company effectively utilizes shareholder equity capital.
Return on Assets (ROA): Nike's ROA excels beyond industry benchmarks, reaching 3.98%. This signifies efficient management of assets and strong financial health.
Debt Management: Nike's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.83.
Analyst Ratings: What Are They?
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
In addition to their assessments, some analysts extend their insights by offering predictions for key metrics such as earnings, revenue, and growth estimates. This supplementary information provides further guidance for traders. It is crucial to recognize that, despite their specialization, analysts are human and can only provide forecasts based on their beliefs.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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