Seaport Res Ptn Has Negative Outlook of NIKE FY2025 Earnings

NIKE, Inc. (NYSE:NKE - Free Report) - Stock analysts at Seaport Res Ptn lowered their FY2025 earnings per share estimates for shares of NIKE in a report issued on Friday, March 21st. Seaport Res Ptn analyst M. Kummetz now expects that the footwear maker will earn $2.08 per share for the year, down from their previous forecast of $2.12. The consensus estimate for NIKE's current full-year earnings is $2.05 per share.

NIKE (NYSE:NKE - Get Free Report) last announced its quarterly earnings data on Thursday, March 20th. The footwear maker reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.28 by $0.26. The firm had revenue of $11.27 billion during the quarter, compared to analysts' expectations of $11.02 billion. NIKE had a return on equity of 36.99% and a net margin of 9.98%. The company's revenue for the quarter was down 9.1% compared to the same quarter last year. During the same period last year, the business posted $0.98 earnings per share.

Several other analysts have also commented on NKE. Guggenheim reaffirmed a "buy" rating and set a $110.00 target price on shares of NIKE in a report on Wednesday, February 12th. BMO Capital Markets lowered their price objective on NIKE from $95.00 to $92.00 and set an "outperform" rating on the stock in a research report on Friday, March 21st. Evercore ISI cut their target price on shares of NIKE from $105.00 to $97.00 and set an "outperform" rating for the company in a report on Monday, December 16th. Dbs Bank upgraded shares of NIKE from a "hold" rating to a "strong-buy" rating in a research note on Wednesday, March 5th. Finally, Robert W. Baird dropped their price target on shares of NIKE from $105.00 to $99.00 and set an "outperform" rating on the stock in a research report on Friday, March 21st. Fifteen investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $87.38.

Remove Ads

NIKE Stock Performance

NYSE NKE traded up $0.13 on Monday, reaching $65.87. 16,424,324 shares of the company's stock traded hands, compared to its average volume of 12,466,770. The stock has a 50 day moving average price of $74.31 and a 200-day moving average price of $77.05. The firm has a market cap of $97.42 billion, a price-to-earnings ratio of 20.33, a P/E/G ratio of 2.52 and a beta of 1.02. NIKE has a fifty-two week low of $64.95 and a fifty-two week high of $98.04. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.51 and a current ratio of 2.22.

Hedge Funds Weigh In On NIKE

A number of hedge funds and other institutional investors have recently bought and sold shares of NKE. JNBA Financial Advisors lifted its position in shares of NIKE by 1.3% during the fourth quarter. JNBA Financial Advisors now owns 10,045 shares of the footwear maker's stock worth $760,000 after purchasing an additional 131 shares in the last quarter. Frisch Financial Group Inc. lifted its holdings in NIKE by 4.7% during the 3rd quarter. Frisch Financial Group Inc. now owns 3,036 shares of the footwear maker's stock worth $269,000 after buying an additional 136 shares in the last quarter. Nations Financial Group Inc. IA ADV boosted its position in NIKE by 0.7% in the 4th quarter. Nations Financial Group Inc. IA ADV now owns 20,446 shares of the footwear maker's stock valued at $1,547,000 after buying an additional 136 shares during the period. Elgethun Capital Management grew its stake in shares of NIKE by 13.7% in the fourth quarter. Elgethun Capital Management now owns 1,236 shares of the footwear maker's stock worth $94,000 after acquiring an additional 149 shares in the last quarter. Finally, GAMMA Investing LLC increased its position in shares of NIKE by 1.0% during the fourth quarter. GAMMA Investing LLC now owns 15,014 shares of the footwear maker's stock worth $1,136,000 after acquiring an additional 150 shares during the period. 64.25% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at NIKE

In related news, Director John W. Rogers, Jr. bought 2,500 shares of the stock in a transaction on Friday, December 27th. The stock was bought at an average price of $76.65 per share, with a total value of $191,625.00. Following the completion of the purchase, the director now directly owns 34,403 shares in the company, valued at $2,636,989.95. This represents a 7.84 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Chairman Mark G. Parker sold 169,732 shares of the business's stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $72.83, for a total transaction of $12,361,581.56. Following the completion of the sale, the chairman now directly owns 896,632 shares in the company, valued at $65,301,708.56. This trade represents a 15.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by insiders.

NIKE Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 3rd will be given a dividend of $0.40 per share. The ex-dividend date is Monday, March 3rd. This represents a $1.60 annualized dividend and a dividend yield of 2.43%. NIKE's payout ratio is 53.16%.

About NIKE

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.