Nike stock trades near 12-year low as China weakness weighs

Nike (US6541061031) stock is trading in the low $40s in August 2026 as investors weigh a recent earnings beat against persistent revenue declines and mounting pressure from the company’s China business. As of August 20, 2026, one live quote source shows Nike shares at $41.02, highlighting how far the valuation has fallen from prior peaks while still sitting only a few dollars above recent multi?year lows Nike live share price and performance overview.

Shares hover close to multi?year lows

Market data as of August 20, 2026, indicate that Nike shares recently traded at $41.02, with an intraday high of $41.30 and a low of $40.38 during the latest session Nike share price, day high and low on August 20 2026. Another recent snapshot shows a prior close of $40.06 with a market capitalization of $59.43 billion and trading volume above 39 million shares at the end of the last completed U.S. session Historical Nike stock chart and recent close data. These levels leave the stock only slightly above a 12?month low of $38.86 and far below a 12?month high of $80.17, underscoring a wide trading range and substantial drawdown for long?term holders Recent Nike stock performance and 12-month range details.

Recent commentary notes that Nike shares closed at $39.09 on August 17, 2026, marking the lowest finish since 2014 and placing the current $41 area only about $2 above that 12?year trough Coverage of Nike 12-year low and recent price moves. One analysis describes the stock trading in the $39 to $41 range in mid?August 2026 as investors react to a roughly 30 percent collapse in China sales and skepticism toward management’s turnaround strategy Discussion of Nike China sales pressure and 12-year low. That backdrop means even modest rebounds from sub?$40 closes are being viewed in the context of a long slide from earlier highs, including a previously reported peak near $177.51 in late 2021 Perspective on Nike stock decline from 2021 high.

Latest quarter beats EPS expectations but revenue slips

According to a detailed recent earnings summary, Nike last reported its quarterly results on June 30, 2026, delivering earnings per share of $0.20 versus a consensus expectation of $0.11, a positive gap of $0.09 Nike June 30 2026 earnings summary and EPS beat details. Revenue for that quarter came in at $10.97 billion, slightly ahead of the roughly $10.85 billion analysts had projected for the period Nike quarterly revenue vs analyst expectations for June 30 2026. However, that $10.97 billion figure represented a 1.1 percent decline compared with the same quarter a year earlier, when revenue was higher and Nike earned $0.14 per share, meaning EPS grew by $0.06 year over year even as sales slipped.

The same report highlighted that Nike recorded a net margin of 6.70 percent and a return on equity of 16.54 percent for the quarter ended June 30, 2026, providing investors with a snapshot of profitability and capital efficiency during a challenging environment Nike net margin and return on equity metrics for June 30 2026 quarter. Analyst projections compiled in the same coverage suggest full?year earnings per share of 1.74 for the current fiscal year, implying that the latest $0.20 quarterly EPS run rate needs to be sustained or improved in coming quarters to meet that forecast Forecasted full-year EPS expectations for Nike in current fiscal year. The combination of an EPS beat and a modest revenue shortfall shows that cost controls and mix helped Nike outperform on the bottom line while top?line momentum remained under pressure.

China weakness and turnaround concerns shape sentiment

Recent coverage emphasizes that Nike’s current valuation is closely tied to concerns over its Greater China business and broader brand positioning. One in?depth piece reports eight consecutive quarters of falling Greater China revenue, highlighting a sustained trend rather than a single?quarter setback Analysis of Nike Greater China revenue trend and downgrade context. That same analysis describes ongoing market?share erosion to domestic Chinese sportswear brands and a shift in brand equity among younger Chinese consumers, who are increasingly favoring local names instead of Western athletic labels Commentary on Chinese competitors and Nike brand challenges in China. For investors, this raises questions about how quickly Nike can stabilize that key region and whether renewed growth there is realistic before the later stages of the decade.

Another article notes that broader commentary has suggested fiscal year 2028 might bring stabilization rather than a sharp recovery, indicating that the company’s current turnaround plan could weigh on earnings for several years as management balances inventory, product strategy, and marketing investments Discussion of Nike turnaround timeline and earnings implications. At the same time, a separate analysis focused on China reports that Nike’s stock has moved lower into the $39 to $41 range as investors digest a reported 30 percent collapse in China sales and growing skepticism toward the current chief executive’s strategy Overview of Nike China sales decline and investor reactions. Taken together, those points suggest that, even with recent EPS beats, the market is assigning a discounted multiple because key growth markets and brand perceptions are under strain.

Dividend yield rises as price falls

Nike continues to return cash to shareholders through dividends, and the falling share price has mechanically pushed the yield higher. In the most recent disclosure, the company announced a quarterly dividend of $0.41 per share, implying annualized dividends of $1.64 per share Details on Nike quarterly dividend and yield metrics. At a share price of roughly $40, that annual dividend translates into a yield of approximately 4.1 percent, a level that stands out compared with Nike’s historical yield profile and reflects both the cash return and the compressed equity value Nike dividend yield and payout ratio context. The same source notes a payout ratio of 78.47 percent on earnings, indicating that much of current income is being distributed rather than retained.

Analyst sentiment data compiled in the earnings overview describe the current consensus rating as a Hold, with an average price target of $53.53 and individual targets spanning from $40 to $70 Consensus rating and price target range for Nike stock. With shares around $41.02 as of August 20, 2026, that average target implies potential upside of more than $12 per share compared with the latest quote if the company executes successfully. At the same time, the lower end of the target range sits essentially at the current trading price, reinforcing the idea that Wall Street expects limited downside if fundamentals stabilize but remains cautious about a rapid rebound.

Valuation debate and perceived undervaluation

One recent valuation?focused analysis highlights Nike as significantly undervalued relative to a proprietary intrinsic value metric. That piece cites a GF Value estimate of $73.07 per share against a current trading price of $41.10, implying that the stock could be 43.7 percent below its assessed intrinsic worth Valuation analysis indicating Nike shares trade below GF Value estimate. Such assessments often rest on assumptions about long?term revenue growth, margin recovery, and capital allocation, so they underscore how sensitive the valuation debate is to views on the company’s multi?year turnaround path.

Another perspective suggests that if current pressures persist, Nike shares could fall below $30 before the end of 2026, illustrating how wide the range of outcome expectations has become among market commentators Opinion on potential paths for Nike stock into late 2026. For investors, this divergence means that near?term price action is likely to remain sensitive to each earnings update and regional sales trend, especially with the stock already trading close to multi?year lows while some valuation tools signal significant upside if fundamentals improve.

Nike products anchor the global brand

Behind the share price debate, Nike’s business remains grounded in its core footwear and apparel franchises. The company’s flagship Nike brand, including its running and lifestyle sneakers such as the Air Zoom and Air Max lines, continues to serve as the primary revenue driver globally, supported by apparel, equipment, and digital services that extend the brand into training and lifestyle ecosystems. These products help explain why, even amid cyclical revenue pressure and regional challenges, Nike maintains significant scale, with quarterly revenue still reaching $10.97 billion in the period ended June 30, 2026, and a long track record of consumer recognition across key markets Nike June 30 2026 revenue and business scale context.

Nike stock price context for investors

For investors following Nike on the New York Stock Exchange, the combination of a recent close near $40.06, a latest live quote around $41.02 as of August 20, 2026, and a 12?month trading range between $38.86 and $80.17 frames the current risk?reward profile clearly Nike live price snapshot and intraday range on August 20 2026. The stock’s drawdown from prior highs and its position close to a 12?year low underscore how much negative news, particularly on China and margins, is already reflected in the price Context on Nike 12-year low and earnings outlook into 2028. At the same time, the current dividend yield near 4.1 percent and a consensus target above $50 suggest that if Nike can stabilize revenue declines and execute its turnaround strategy, there is room for sentiment to improve.

Go deeper

More on Nike stock

For a full breakdown of Nike’s recent earnings performance, dividend profile, and analyst estimates, investors can review the latest comprehensive overviews and market data pages that summarize key metrics for the June 30, 2026 quarter and the company’s current fiscal year outlook Expanded discussion of Nike earnings, dividend and analyst outlook.

Flagship footwear franchise underpins demand

Nike’s flagship performance and lifestyle footwear remains central to its brand and financial results. Signature lines such as the Air Max family and performance?oriented running shoes are designed to serve both athletes and everyday consumers, supported by marketing campaigns, athlete partnerships, and a direct?to?consumer strategy that emphasizes digital engagement and owned retail experiences. This product ecosystem plays a key role in maintaining Nike’s scale and helps the company generate quarterly revenue of $10.97 billion even in a quarter where total sales declined modestly year over year Nike revenue scale and core product contribution in latest quarter.

Nike stock trades close to recent lows

On the New York Stock Exchange, Nike stock recently closed at $40.06, with a latest observed quote of $41.02 as of August 20, 2026, placing the shares just above their recent $39.09 close that marked a 12?year low Nike recent closing price and historical performance chart. With a market capitalization reported around $59.43 billion at the last completed session and a 12?month trading band from $38.86 to $80.17, the stock’s current level reflects both heightened risk perceptions and the possibility of recovery if future quarters show renewed growth.

Fact box

Company: Nike, Inc.
ISIN: US6541061031
Ticker: NKE
Exchange: New York Stock Exchange (NYSE)
Price (as of August 20, 2026): $41.02 USD
Market cap: $59.43 billion (as of August 19, 2026)
Sector / Industry: Consumer discretionary / Footwear and apparel
Index membership: S&P 500