Nike's stock is currently trading at approximately $38.40, down nearly 80% from its all-time high and at a 12-year low. The company pays an annual dividend of $1.64 per share, with a forward dividend yield of about 4.3%. Truist Securities analyst Joseph Civello downgraded Nike from "Buy" to "Hold" in late August, lowering the price target from $47 to $42, citing uncertainty regarding its transformation progress. Nike expects free cash flow to increase to $3.04 billion in fiscal year 2027, but its Nike Sportswear and Jordan streetwear businesses are projected to remain in negative growth in the first half of fiscal year 2027, and Greater China revenue declined by 17% in the fourth quarter of fiscal year 2026.