RBC Capital Downgrades NIKE, Inc. to 'Hold'
RBC Capital has lowered its rating for NIKE, Inc. to 'Hold' with a price target of $50, a 11.28% upside from the current price.
Key Points
- On June 10, 2026, RBC Capital downgraded NIKE, Inc. to a 'Hold' rating, setting a price target of $50.
- RBC Capital's $50 price target implies 11.28% upside from NIKE, Inc.'s ($NKE) current $44.93 share price.
- NIKE's stock trades at $44.89 with a market cap of $66.5 billion, a P/E ratio of 29.56, and a 52-week range of $41.35 to $80.17.
- Insider activity includes sales by executives, while institutional investors like Wellington Management increased their holdings significantly.
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On June 10, 2026, RBC Capital lowered its rating on NIKE, Inc. (NYSE: NKE) to 'Hold', assigning a price target of $50. The move reflects a cautious stance as the stock trades around $44.89.
Other Institutional Activity in NIKE, Inc.
Several institutional investors have also adjusted their holdings in NIKE. BlackRock, Inc. reduced its stake by 357,595 shares, leaving it with 91,798,963 shares valued at about $4.85 billion. Vanguard Capital Management LLC made a notable increase, adding 77,369,961 shares to hold the same amount worth approximately $4.09 billion. State Street Corp added 230,755 shares, bringing its total to 59,546,361 shares valued at $3.17 billion. Capital World Investors boosted its position by 1,407,411 shares, reaching 50,477,362 shares with a value of $2.67 billion. Wellington Management Group LLP significantly increased its holdings by 6,579,523 shares, totaling 38,352,243 shares worth $2.03 billion.
NIKE, Inc. Stock Up 13.5%
Shares of NYSE:NKE are trading near $44.89. NIKE has a market cap of $66.5 billion and a P/E ratio of 29.56, with a forward P/E of 24.74. The stock's 52-week range is $41.35 to $80.17. Its 50-day moving average is $44.23, while the 200-day moving average stands at $59.40. NIKE maintains a current ratio of 2.14 and a quick ratio of 1.24, with a debt-to-equity ratio of 79.33.
$NKE price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
NIKE reported revenue of $46.52 billion with marginal growth of 0.1%. The company's earnings per share (EPS) is $1.52, and it maintains a net margin of 4.84%. Return on equity (ROE) stands at 16.02%. The next earnings report is expected on June 30, 2026.
Dividend
NIKE offers an annual dividend rate of $1.64, yielding 3.65%. The payout ratio is relatively high at 106.58%.
Insider Buying and Selling at NIKE, Inc.
Recent insider activity at NIKE includes planned sales by Philip McCartney, Executive Vice President, who sold 17,398 shares on June 12, 2026, at an average price of $46.18. On June 10, 2026, Venkatesh Alagirisamy, the Chief Operating Officer, sold 9,853 shares at $44.65, and Philip McCartney sold 9,836 shares on the same day at the same price. Earlier, on April 13, 2026, CEO Elliott Hill bought 23,660 shares at $42.27.
Analysts Set New Price Targets
On June 10, 2026, RBC Capital downgraded NIKE to 'Hold' with a $50 price target. UBS and Citigroup both maintained 'Hold' ratings, with UBS setting a $50 target and Citigroup a $47 target. The consensus among analysts is a 'Buy', with an average target price of $59.58 based on 33 opinions.
About NIKE, Inc.
NIKE, Inc., based in Beaverton, Oregon, is a global leader in designing, marketing, and selling athletic and casual footwear, apparel, and equipment. The company operates under brands like NIKE, Jordan, and Converse, reaching markets across North America, Europe, and Asia-Pacific. Led by CEO Elliott J. Hill, NIKE employs around 77,800 people and emphasizes innovation in sportswear and digital services.
Bottom Line
RBC Capital's downgraded rating for NIKE to 'Hold' reflects a more cautious outlook amid current market conditions. Investors and analysts continue to watch NIKE's performance closely. This analyst action is a backward-looking assessment and may not reflect future changes in the company's strategy or market position.
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