Zacks Research Issues Negative Estimate for NIKE Earnings

NIKE, Inc. (NYSE:NKE) – Analysts at Zacks Research decreased their Q2 2027 earnings per share (EPS) estimates for NIKE in a research report issued on Monday, January 20th. Zacks Research analyst R. Lohia now forecasts that the footwear maker will earn $0.87 per share for the quarter, down from their previous estimate of $0.88. The consensus estimate for NIKE’s current full-year earnings is $2.10 per share.

NIKE (NYSE:NKE) last released its earnings results on Thursday, December 19th. The footwear maker reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.15. NIKE had a net margin of 9.98% and a return on equity of 36.99%. The business had revenue of $12.35 billion for the quarter, compared to analysts’ expectations of $12.11 billion. During the same period last year, the company earned $1.03 earnings per share. The company’s quarterly revenue was down 7.7% on a year-over-year basis.

Other equities research analysts also recently issued research reports about the company. Telsey Advisory Group downgraded NIKE from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $93.00 to $80.00 in a research report on Friday, December 20th. Morgan Stanley decreased their target price on NIKE from $80.00 to $74.00 and set an “equal weight” rating for the company in a report on Friday, December 20th. Barclays cut their price target on shares of NIKE from $79.00 to $70.00 and set an “equal weight” rating on the stock in a report on Friday, December 20th. Stifel Nicolaus decreased their price objective on shares of NIKE from $79.00 to $75.00 and set a “hold” rating for the company in a research note on Friday, December 20th. Finally, DA Davidson raised shares of NIKE to a “strong-buy” rating in a research note on Monday, December 23rd. Fourteen equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $89.96.

NIKE Trading Down 1.6 %

Shares of NYSE NKE traded down $1.15 during trading on Thursday, hitting $72.89. 1,245,256 shares of the company traded hands, compared to its average volume of 12,163,582. The firm has a market capitalization of $107.81 billion, a P/E ratio of 22.46, a P/E/G ratio of 2.33 and a beta of 1.02. The company has a quick ratio of 1.51, a current ratio of 2.22 and a debt-to-equity ratio of 0.57. The company has a 50-day moving average price of $75.54 and a 200-day moving average price of $77.88. NIKE has a 1 year low of $70.32 and a 1 year high of $107.43.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in NKE. Range Financial Group LLC acquired a new position in shares of NIKE during the fourth quarter valued at $642,000. Cacti Asset Management LLC acquired a new stake in shares of NIKE during the 4th quarter valued at $9,987,000. Capricorn Fund Managers Ltd acquired a new position in shares of NIKE in the 4th quarter valued at $5,384,000. FNY Investment Advisers LLC grew its position in NIKE by 5,745.9% during the 4th quarter. FNY Investment Advisers LLC now owns 8,652 shares of the footwear maker’s stock worth $654,000 after purchasing an additional 8,504 shares in the last quarter. Finally, Eagle Rock Investment Company LLC grew its stake in NIKE by 49.2% during the 4th quarter. Eagle Rock Investment Company LLC now owns 60,642 shares of the footwear maker’s stock valued at $4,589,000 after acquiring an additional 19,991 shares in the last quarter. Institutional investors and hedge funds own 64.25% of the company’s stock.

Insiders Place Their Bets

In related news, Director John W. Rogers, Jr. bought 2,500 shares of the stock in a transaction dated Friday, December 27th. The stock was bought at an average cost of $76.65 per share, with a total value of $191,625.00. Following the completion of the acquisition, the director now owns 34,403 shares of the company’s stock, valued at $2,636,989.95. This trade represents a 7.84 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.10% of the stock is currently owned by corporate insiders.

NIKE Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Monday, December 2nd were given a dividend of $0.40 per share. This is a positive change from NIKE’s previous quarterly dividend of $0.37. This represents a $1.60 annualized dividend and a dividend yield of 2.20%. The ex-dividend date of this dividend was Monday, December 2nd. NIKE’s dividend payout ratio is currently 49.38%.

NIKE Company Profile

NIKE, Inc, together with its subsidiaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, accessories, and services worldwide. The company provides athletic and casual footwear, apparel, and accessories under the Jumpman trademark; and casual sneakers, apparel, and accessories under the Converse, Chuck Taylor, All Star, One Star, Star Chevron, and Jack Purcell trademarks.