Evercore ISI Group Downgrades NIKE, Inc. to Hold Rating
Evercore ISI Group has downgraded NIKE, Inc. to a hold rating with a $46 price target, a 12.47% upside from the current price.
Key Points
- Evercore ISI Group downgraded NIKE, Inc. to a hold rating on June 23, 2026, with a price target of $46.
- Evercore ISI Group's $46 price target implies 12.47% upside from NIKE, Inc.'s ($NKE) current $40.90 share price.
- NIKE, Inc. shares traded at $43.19 on Tuesday, with a market cap of $63.96 billion and a P/E ratio of 28.41.
- Insiders at NIKE, Inc. include recent sales by EVP Philip McCartney and EVP Venkatesh Alagirisamy in June 2026.
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Evercore ISI Group has downgraded its rating on NIKE, Inc. (NYSE: NKE) to hold, with a price target set at $46. This change was announced on June 23, 2026, by analyst Michael Binetti. Shares of NIKE traded near $43.19 on Tuesday.
Evercore ISI Group vs. the S&P 500
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Other Institutional Activity in NIKE, Inc.
Institutional activity around NIKE, Inc. shows varied movements among major funds. BlackRock, Inc. trimmed its holdings by 357,595 shares, leaving it with about 91.8 million shares valued at roughly $4.85 billion, marking a 0.4% decrease. Vanguard Capital Management LLC opened a new position, acquiring 77.4 million shares valued at approximately $4.09 billion. Meanwhile, State Street Corp added 230,755 shares, reaching a total of 59.5 million shares worth about $3.17 billion, reflecting a 0.4% increase. Capital World Investors increased its stake by 1,407,411 shares, holding 50.5 million shares valued at $2.67 billion, a 2.9% rise. Wellington Management Group LLP significantly boosted its position by 6,579,523 shares, now holding 38.4 million shares valued at $2.03 billion, a 20.7% increase.
NIKE, Inc. Stock Up 3.3%
On Tuesday, shares of NIKE, Inc. (NYSE: NKE) traded around $43.19. The company, with a market cap of approximately $63.96 billion, has a P/E ratio of 28.41 and a forward P/E of 23.78. NIKE's beta is 1.116, indicating slightly more volatility than the market. Over the past year, the stock has seen a low of $41.35 and a high of $80.17. It has a 50-day moving average of $44.34 and a 200-day moving average of $58.76. The company maintains a current ratio of 2.139 and a quick ratio of 1.239, with a debt-to-equity ratio of 79.333.
$NKE price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
NIKE, Inc. reported revenue of $46.52 billion, with a slight growth rate of 0.1%. Its earnings per share (EPS) stood at $1.52, while the net margin was 4.836%. The company achieved a return on equity (ROE) of 16.016%. Investors are looking forward to the next earnings report, scheduled for June 30, 2026.
Dividend
NIKE, Inc. offers an annual dividend rate of $1.64, yielding 3.63%. The company's payout ratio is 106.58%, indicating it distributes more in dividends than it earns.
Insider Buying and Selling at NIKE, Inc.
Recent insider activity at NIKE, Inc. includes several sales and purchases. On June 12, 2026, EVP Philip McCartney sold 17,398 shares at an average price of $46.18 under a pre-planned Rule 10b5-1 trading plan. Earlier, on June 10, EVP Venkatesh Alagirisamy sold 9,853 shares at $44.65. On the same day, Philip McCartney also sold 9,836 shares at $44.65. In contrast, President and CEO Elliott Hill bought 23,660 shares at $42.27 on April 13, 2026.
Analysts Set New Price Targets
On June 23, 2026, Evercore ISI Group downgraded NIKE, Inc. to a hold rating with a $46 price target. Other analysts have also weighed in recently: UBS and Citigroup both maintained hold ratings with price targets of $50 and $47, respectively, on June 10, 2026. RBC Capital downgraded the stock to hold with a $50 target on the same day. The consensus among 33 analysts remains a buy, with an average target price of $59.58.
About NIKE, Inc.
NIKE, Inc. is a global leader in designing, developing, and selling athletic and casual footwear, apparel, and equipment. Based in Beaverton, Oregon, the company operates under well-known brands like NIKE, Jordan, and Converse. With over 77,800 employees, NIKE serves customers worldwide, offering products through retail stores, digital platforms, and various wholesale channels. Mr. Elliott J. Hill is the company's CEO.
Bottom Line
NIKE, Inc. remains a focal point for investors following Evercore ISI Group's recent downgrade to a hold rating. The company's stock performance, with a trading price of $43.19, reflects ongoing market dynamics. As a key player in the consumer cyclical sector, NIKE's upcoming earnings report on June 30, 2026, will be closely watched for further insights into its financial health and strategic direction.
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