$NKE

Analysts adjusted price targets for several companies. RBC and BMO cut targets for FLNC to $4 and $7, respectively. Wells Fargo upgraded ULTA to 'Equal Weight' with a $525 target. HSBC downgraded CPRT to 'Hold' with a $36 target. Baird downgraded DKS to 'Neutral' with a $150 target. Citizens upgraded JBHT to 'Outperform' with a $300 target. ULTA, CPRT, DKS, and JBHT stocks saw notable movements.

Nike (NKE) was removed from the S&P 100 and faces potential removal from the Dow Jones Industrial Average due to its low share price and market value decline. Analysts cite weak demand, slowing sales, and competition as factors. Nike's shares have risen only 5% since 2013, while the S&P 500 quadrupled. The Dow Jones committee may decide on changes at any time.

Nike (NKE) shareholders rejected a climate disclosure proposal backed by Norway’s sovereign wealth fund, aligning with the board’s stance. They approved CEO Elliott Hill’s $36M compensation package. Nike has reduced supply-chain emissions by 11% since 2015, aiming for 65% operational and 30% supply-chain reductions by 2030. The stock has fallen 40% in 2026.

Nike will release the Caitlin 1 'Triple Black' sneaker on January 5, 2027, priced at $140. The all-black design features subtle reflective Swoosh details. This follows earlier public sightings and on-court debuts by Caitlin Clark, adding to her signature line.

Nike (NKE) and Lululemon (LULU) both hit multi-year lows in September. Nike's revenue growth stalled, and its gross margin declined due to heavy discounts. Lululemon's growth slowed, and its margins were pressured by markdowns and tariffs. Both companies face challenges, but Lululemon is seen as having less downside.

NIKE (NKE) granted director Alexandre Arnault 5,171 restricted Class B shares on September 15, 2026, under its stock incentive plan. The shares vest after one year, increasing his holdings to 30,171 shares. The grant was made at $0.00 per share as compensation.

Nike has appointed Alexandre Arnault, deputy CEO of LVMH’s Moët Hennessy, to its board. Arnault is known for revitalizing brands like Tiffany & Co. and Rimowa. Nike aims to leverage his expertise in brand strategy and innovation to stabilize revenue and retail performance.

Nike released its Alphafly 4 super shoe earlier than planned to meet eligibility for the World Road Running Championships. The shoe is 5% lighter and has 10% greater energy return than its predecessor. Nike expedited the launch to support athletes, with design lead Bret Schoolmeester noting the urgency. The shoe features new ZoomX LT foam and a lighter Air Zoom unit. Nike plans a wider launch on October 29.

Telsey Advisory Group cut Nike's (NKE) price target to $44, citing slow turnaround progress. The firm expects weak sales trends to persist until 2028. Nike's stock is down 40% YTD and will be removed from the S&P 100. The company's fiscal 2026 revenue was flat at $46.4B, with wholesale revenue declining. Hedge fund interest has decreased, and short interest is at 7.92%. Nike's Q1 2027 results are due October 1, 2026.

UBS predicts Nike's Q1 results will show weak guidance, leading to earnings revisions. Analyst Jay Sole forecasts a 5-cent EPS miss and lower FY2027 outlook, citing global sales growth deterioration. UBS cut its price target to $42, maintaining a Neutral rating, expecting an 8% stock move around the event.