John W. Rogers (NYSE:ROG) Jr., a director at NIKE, Inc. (NYSE:NKE), recently purchased 2,500 shares of the company's Class B Common Stock. The transaction, which took place on December 27, was valued at approximately $191,624, with shares acquired at an average price of $76.65 each. The purchase comes as NIKE, currently valued at $111.49 billion, trades near its 52-week low, with shares at $74.68. According to InvestingPro analysis, the stock appears slightly undervalued. Following this purchase, Rogers holds a total of 34,403 shares directly. This transaction aligns with NIKE's company policy that allows market transactions by officers and directors during specified trading windows. The company maintains a solid 2.09% dividend yield and has raised dividends for 23 consecutive years. While 21 analysts have recently revised earnings expectations downward, detailed analysis and additional insights are available through InvestingPro's comprehensive research reports.
In other recent news, Nike (NYSE:NKE) has been subject to several analyst reevaluations. UBS maintained a Neutral rating on Nike stock, citing concerns over near-term earnings risks due to inventory management and potential delays in the new product pipeline. Meanwhile, Baird holds an Outperform rating, with a revised price target of $105, expecting a strong product-led inflection by fiscal year 2026. Truist Securities cut its price target to $90 but retained a Buy rating, anticipating near-term challenges due to new CEO Elliot Hill's revitalization efforts. Stifel reduced its price target for Nike to $75, maintaining a Hold rating, based on estimated earnings per share (EPS) of $2.88 for fiscal year 2027. Lastly, TD Cowen reduced its price target for Nike from $73 to $69, maintaining a Hold rating due to potential reductions in Nike's FY26 EPS. These recent developments come as Nike embarks on strategic initiatives under new CEO, Elliott Hill, focusing on improving its competitive stance and strengthening its direct-to-consumer channels.
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