Nike stock trades near 12-month low as analysts turn more cautious

Nike, Inc. (ISIN US6541061031) stock is trading close to its 12-month low in mid-August 2026, reflecting investor concern about margin recovery and a more cautious analyst tone as of August 12, 2026.

Shares hover near 12-month low

According to recent analysis from Zacks, Nike shares were changing hands at $41.32 as of August 12, 2026, only about 3.3% above their 12-month low of $40.00 and down roughly 35% year to date.

MarketBeat's news and performance overview shows Nike stock around the low-$40 range, with a recent quote near $40.57 at about 3:58 p.m. ET on August 12, 2026, underscoring that the shares have been under pressure relative to earlier in the year.

Latest earnings and fiscal 2026 figures

Per a detailed fiscal 2026 review on Yahoo Finance, Nike generated $46.4 billion in revenue in fiscal 2026, while net income slipped 3% to $3.1 billion compared with the prior year.

The same overview notes that diluted earnings per share in fiscal 2026 declined 3% to $2.10, highlighting that profit growth has not kept pace with top line performance and contributing to the market's more restrained view of the stock.

In the most recent quarter reported ahead of August 13, 2026, Nike delivered earnings per share of $0.20, which exceeded the consensus estimate of $0.11 by $0.09 according to a MarketBeat summary of Zacks Research data.

Consensus view and cautious longer-term estimates

The same MarketBeat compilation of analyst figures reports that the current consensus estimate for Nike's full-year earnings stands at $1.74 per share, while the consensus for full-year revenue is $46.26 billion, implying roughly 10.13% EPS growth and a slight 0.3% revenue decline from the preceding year.

Zacks Research recently trimmed its forecast for Nike's fiscal 2029 earnings, lowering the expected EPS to $2.56 from a previous $2.63 estimate and maintaining a Strong Sell rating, a move that underscores concerns about the pace of long-term profit recovery even as the broader analyst group still carries an average Hold rating and a mean price target of $53.53, based on the data highlighted by MarketBeat.

Separately, another Zacks commentary points out that Nike closed a recent session at $41.32, having fallen 1.88% from the prior day and underperformed both the Consumer Discretionary sector, which gained 3.7% over the past month, and the S&P 500, which rose 2.46% over the same period, showing that the stock has lagged key US benchmarks.

Nike brand and product lineup

Nike's core business centers on athletic footwear and apparel under the Nike brand, including flagship shoe lines such as the Air Max series, performance running shoes, and basketball models that continue to anchor its global market presence.

Latest price context for Nike stock

Nike stock is listed on the New York Stock Exchange under the ticker NKE, and as of the close on August 12, 2026, recent market data from MarketBeat placed the shares at approximately $41.29, reinforcing the picture of a stock trading just above its 12-month low and below the average analyst price target.