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Barclays has cut its 2025 S&P 500 price target to 5,900 from 6,600, citing tariffs and worsening economic data. The bank downgraded its outlook on Consumer Discretionary and Industrials sectors to Negative, while upgrading Financials to Positive due to potential deregulation. Concerns about a recession are rising, with JPMorgan estimating a 40% probability, as major companies report weak demand and consumer confidence falters.
BNP Paribas Exane has lowered its price target on NIKE to $40 from $49 while maintaining an underperform rating. NIKE, Inc. focuses on designing, manufacturing, and marketing sports footwear, clothing, and equipment, with footwear accounting for 68.6% of net sales. The company operates 1,045 stores globally and generates significant revenue from North America (41.6%) and Europe/Middle East/Africa (26.5%).
Amadeus Fire's cautious outlook impacted cyclically sensitive stocks, with Givaudan, Sika, and Holcim among the notable decliners. The US stock market saw declines, particularly in Nike and FedEx, amid economic concerns and a major futures expiry day. Oil prices remained stable, with Brent slightly down and WTI up, as geopolitical tensions continue to influence the market.
NIKE's chairman sold 169,732 shares at an average price of $72.83, reducing his ownership by 15.92% to 896,632 shares valued at $65.3 million. Institutional investors hold 64.25% of the stock, with recent changes including new stakes from Teachers Insurance and Caitlin John LLC. Analysts have mixed ratings, with a consensus price target of $87.38, while JPMorgan lowered its target to $64.00, suggesting a potential downside.
A director acquired 2,500 shares of NIKE at an average price of $76.65, increasing their ownership by 7.84% to a total of 34,403 shares valued at approximately $2.64 million. Institutional investors hold 64.25% of the company, while analysts maintain a "Moderate Buy" rating with a consensus price target of $88.27. Recently, UBS Group lowered its target price for NIKE from $73.00 to $66.00, indicating a potential downside.
The chairman of NIKE now holds 896,632 shares valued at approximately $65.3 million, reflecting a 15.92% decrease in ownership. Institutional investors own 64.25% of the stock, with recent analyst price targets for NIKE ranging from $70 to $82, indicating a "Moderate Buy" rating. The company reported a quarterly revenue of $11.27 billion, surpassing expectations, despite a year-over-year decline.
A director now owns 34,403 shares of the company, valued at approximately $2.6 million, following a 7.84% increase in their position. Hedge funds hold 64.25% of the stock, with several making recent investments. Analysts have lowered NIKE's price target, with a consensus rating of "Moderate Buy" and a target of $88.96.
NIKE's stock has seen a 15.92% decrease in insider ownership, with corporate insiders holding 1.10% of shares. Institutional investors own 64.25% of the company, with several firms increasing their stakes. Analysts have lowered price targets, with Morgan Stanley setting it at $70, indicating a potential downside. The company reported a quarterly EPS of $0.54, surpassing estimates, despite a 9.1% revenue decline year-over-year. Recent insider activity includes a purchase by Director John W. Rogers, Jr. and a significant sale by Chairman Mark G. Parker.
UBS has lowered its price target for Nike to $66 from $73, maintaining a neutral rating amid concerns over declining revenues and earnings estimates following the company's third-quarter report. Despite a 9% year-over-year revenue drop, Nike's EPS of $0.54 exceeded expectations, but analysts remain cautious about the company's outlook, particularly in Greater China. While some analysts see potential for recovery through product and marketing initiatives, significant challenges are anticipated in the near term.
UBS has lowered its price target for Nike shares to $66 from $73 while maintaining a Neutral rating, following a disappointing third-quarter report that showed a nearly 5% decline in sales. Despite the company's strong fundamentals, concerns remain about its earnings outlook and the effectiveness of its product and marketing strategies. Analysts anticipate further challenges, particularly in Greater China, but some remain optimistic about Nike's long-term growth potential due to recent strategic investments.
NIKE, Inc.
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