Baird Reiterates Buy Rating on NIKE, Inc. with $70 Target

Baird has reiterated its buy rating on NIKE, Inc. (NYSE: NKE) with a price target of $70. This reaffirmation came on July 1, 2026, as shares of NIKE traded near $41.05 on Wednesday.

Analysts Set New Price Targets

On July 1, 2026, Baird reiterated its buy rating on NIKE, Inc. with a price target of $70. UBS and Telsey Advisory Group both maintained a hold rating with targets of $48 and $47, respectively. Bernstein maintained a buy rating with a target of $72, while Guggenheim also maintained a buy rating with a $60 target. Citigroup, Stifel, and Piper Sandler all maintained hold ratings with a target of $45.

Other Institutional Activity in NIKE

Among NIKE's major institutional investors, BlackRock, Inc. slightly reduced its stake by 357,595 shares, leaving it with 91,798,963 shares valued at about $4.85 billion. Vanguard Capital Management LLC opened a new position with 77,369,961 shares worth approximately $4.09 billion. State Street Corp increased its holdings by 230,755 shares to a total of 59,546,361 shares valued at $3.17 billion. Capital World Investors added 1,407,411 shares, bringing its total to 50,477,362 shares worth $2.67 billion. Wellington Management Group LLP boosted its stake by 6,579,523 shares to 38,352,243 shares, valued at $2.03 billion. Geode Capital Management, LLC increased its holdings by 2,499,851 shares to 28,942,730 shares, worth about $1.52 billion.

NIKE, Inc. Stock Up 3.7%

Shares of NYSE:NKE traded near $41.05 on Wednesday. NIKE, Inc. has a market cap of approximately $60.79 billion, a P/E ratio of 19.5, and a beta of 1.116. The stock's 52-week range is between $40.00 and $80.17, with a 50-day moving average of $44.05 and a 200-day moving average of $57.78. 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.

Recent Earnings

In its most recent earnings report, NIKE, Inc. reported revenue of $46.52 billion, reflecting a slight growth of 0.1%. The company achieved an EPS of $2.10, a net margin of 4.84%, and a return on equity of 16.02%. The next earnings announcement is scheduled for June 30, 2026.

Dividend

NIKE, Inc. offers an annual dividend rate of $1.64, yielding 4.0% with a payout ratio of 77.62%. The company remains committed to returning value to shareholders through regular dividends.

Insider Buying and Selling at NIKE, Inc.

Recent insider activity at NIKE, Inc. includes planned sales by EVP Philip McCartney, who sold 17,398 shares at $46.18 on June 12, 2026. Additionally, EVP Venkatesh Alagirisamy sold 9,853 shares at $44.65 on June 10, 2026, alongside another sale by McCartney of 9,836 shares at the same price. On April 13, 2026, President & CEO Elliott Hill purchased 23,660 shares at $42.27.

About NIKE, Inc.

NIKE, Inc., headquartered in Beaverton, Oregon, is a global leader in the design, development, marketing, and sale of athletic and casual footwear, apparel, and accessories. Operating under brands like NIKE, Jordan, and Converse, the company serves customers worldwide through various retail and digital platforms. Led by CEO Elliott J. Hill, NIKE employs approximately 77,800 people globally.

Bottom Line

Baird's reiterated buy rating and $70 price target underscore confidence in NIKE's prospects. Investors track such ratings to gauge market sentiment and potential stock movement. However, it's important to remember that analyst opinions are one of many factors to consider in investment decisions.