Seaport Res Ptn Issues Pessimistic Outlook for NIKE Earnings

NIKE, Inc. (NYSE:NKE - Free Report) - Stock analysts at Seaport Res Ptn reduced their FY2025 earnings per share (EPS) estimates for shares of NIKE in a research 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 prior 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 released its quarterly earnings data on Thursday, March 20th. The footwear maker reported $0.54 EPS for the quarter, topping analysts' consensus estimates of $0.28 by $0.26. NIKE had a return on equity of 36.99% and a net margin of 9.98%. The company had revenue of $11.27 billion for the quarter, compared to the consensus estimate of $11.02 billion. During the same period last year, the business posted $0.98 EPS. The company's quarterly revenue was down 9.1% compared to the same quarter last year.

Several other brokerages also recently issued reports on NKE. Piper Sandler upgraded NIKE from a "neutral" rating to an "overweight" rating and increased their price target for the company from $72.00 to $90.00 in a report on Friday, January 10th. Cfra Research upgraded NIKE to a "moderate buy" rating in a research note on Friday, March 21st. Barclays decreased their price target on NIKE from $79.00 to $70.00 and set an "equal weight" rating for the company in a report on Friday, December 20th. Wells Fargo & Company dropped their price objective on shares of NIKE from $90.00 to $85.00 and set an "overweight" rating on the stock in a research note on Friday, March 21st. Finally, Truist Financial decreased their target price on shares of NIKE from $90.00 to $82.00 and set a "buy" rating for the company in a research note on Friday, March 21st. Fifteen investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $87.38.

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NIKE Trading Up 0.2 %

NYSE NKE traded up $0.13 during mid-day trading on Monday, hitting $65.87. The company's stock had a trading volume of 16,420,606 shares, compared to its average volume of 12,461,253. The stock's fifty day simple moving average is $74.42 and its two-hundred day simple moving average is $77.13. NIKE has a 52-week low of $64.95 and a 52-week high of $98.04. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.22 and a quick ratio of 1.51. The firm has a market capitalization of $97.42 billion, a P/E ratio of 20.33, a price-to-earnings-growth ratio of 2.52 and a beta of 1.02.

NIKE Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 3rd will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 2.43%. The ex-dividend date of this dividend is Monday, March 3rd. NIKE's dividend payout ratio (DPR) is 53.16%.

Insider Activity at NIKE

In other NIKE news, Chairman Mark G. Parker sold 169,732 shares of the business's stock in a transaction dated 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 transaction, the chairman now directly owns 896,632 shares of the company's stock, valued at $65,301,708.56. The trade was a 15.92 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director John W. Rogers, Jr. purchased 2,500 shares of the company's stock in a transaction on Friday, December 27th. The stock was purchased at an average price of $76.65 per share, for a total transaction of $191,625.00. Following the purchase, the director now directly owns 34,403 shares of the company's stock, valued at $2,636,989.95. This trade represents a 7.84 % increase in their position. The disclosure for this purchase can be found here. Insiders own 1.10% of the company's stock.

Institutional Trading of NIKE

Several large investors have recently added to or reduced their stakes in the business. Teachers Insurance & Annuity Association of America bought a new stake in shares of NIKE during the third quarter valued at about $30,000. Caitlin John LLC raised its position in shares of NIKE by 117.0% during the 4th quarter. Caitlin John LLC now owns 371 shares of the footwear maker's stock worth $28,000 after buying an additional 200 shares in the last quarter. Heck Capital Advisors LLC acquired a new stake in shares of NIKE in the 4th quarter worth approximately $28,000. Roxbury Financial LLC bought a new position in shares of NIKE in the fourth quarter valued at approximately $30,000. Finally, LFA Lugano Financial Advisors SA increased its stake in shares of NIKE by 110.5% during the fourth quarter. LFA Lugano Financial Advisors SA now owns 400 shares of the footwear maker's stock valued at $30,000 after acquiring an additional 210 shares during the period. 64.25% of the stock is currently owned by institutional investors and hedge funds.

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.