Nike Inc (NYSE:NKE) – Jefferies Financial Group issued their Q1 2021 earnings estimates for Nike in a research report issued on Friday, June 26th. Jefferies Financial Group analyst R. Konik forecasts that the footwear maker will post earnings of $0.43 per share for the quarter. Jefferies Financial Group has a “Hold” rating and a $95.00 price objective on the stock. Jefferies Financial Group also issued estimates for Nike’s Q2 2021 earnings at $0.51 EPS, Q3 2021 earnings at $0.88 EPS, Q4 2021 earnings at $0.30 EPS, FY2021 earnings at $2.12 EPS and FY2022 earnings at $3.16 EPS.
Other analysts have also issued research reports about the company. Cowen lifted their price objective on Nike from $85.00 to $110.00 and gave the stock an “outperform” rating in a report on Monday, June 1st. Telsey Advisory Group lifted their target price on Nike from $95.00 to $110.00 and gave the company an “outperform” rating in a research report on Friday, June 19th. Wedbush reiterated an “outperform” rating and set a $107.00 target price on shares of Nike in a research report on Friday, June 26th. Needham & Company LLC lifted their target price on Nike from $80.00 to $113.00 and gave the company a “buy” rating in a research report on Tuesday, June 23rd. Finally, Raymond James boosted their price objective on Nike from $100.00 to $115.00 and gave the company an “outperform” rating in a research report on Wednesday, June 17th. Three investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and twenty-seven have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $108.96.
Shares of NKE opened at $98.05 on Monday. The company has a debt-to-equity ratio of 0.69, a current ratio of 1.90 and a quick ratio of 1.20. Nike has a one year low of $60.00 and a one year high of $105.62. The firm has a market capitalization of $145.66 billion, a P/E ratio of 62.06, a PEG ratio of 3.05 and a beta of 0.78. The business has a fifty day moving average of $96.34 and a 200 day moving average of $93.52.
Nike (NYSE:NKE) last issued its quarterly earnings data on Thursday, June 25th. The footwear maker reported ($0.51) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.02 by ($0.53). Nike had a return on equity of 31.93% and a net margin of 6.79%. The firm had revenue of $6.31 billion during the quarter, compared to the consensus estimate of $7.26 billion. During the same period in the previous year, the firm earned $0.62 EPS. The business’s revenue was down 38.0% on a year-over-year basis.
Large investors have recently bought and sold shares of the company. Sowa Financial Group Inc. purchased a new position in Nike in the 4th quarter valued at about $27,000. Kessler Investment Group LLC purchased a new position in Nike in the 1st quarter valued at about $27,000. Stuart Chaussee & Associates Inc. lifted its stake in Nike by 668.9% in the 1st quarter. Stuart Chaussee & Associates Inc. now owns 346 shares of the footwear maker’s stock valued at $29,000 after buying an additional 301 shares in the last quarter. PSI Advisors LLC purchased a new position in Nike in the 4th quarter valued at about $37,000. Finally, Benjamin Edwards Inc. lifted its stake in Nike by 100.5% in the 1st quarter. Benjamin Edwards Inc. now owns 399 shares of the footwear maker’s stock valued at $33,000 after buying an additional 200 shares in the last quarter. Hedge funds and other institutional investors own 64.54% of the company’s stock.
In other news, Chairman Mark G. Parker sold 165,000 shares of the firm’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $99.14, for a total transaction of $16,358,100.00. Following the sale, the chairman now directly owns 2,012,954 shares in the company, valued at approximately $199,564,259.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Andrew Campion sold 60,000 shares of the firm’s stock in a transaction dated Wednesday, May 27th. The shares were sold at an average price of $98.00, for a total value of $5,880,000.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 236,000 shares of company stock worth $23,228,100. 3.80% of the stock is owned by insiders.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Monday, June 1st will be given a $0.245 dividend. This represents a $0.98 annualized dividend and a dividend yield of 1.00%. The ex-dividend date of this dividend is Friday, May 29th. Nike’s payout ratio is 52.97%.
NIKE, Inc, together with its subsidiaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, and accessories worldwide. The company offers NIKE brand products in six categories: running, NIKE basketball, the Jordan brand, football, training, and sportswear. It also markets products designed for kids, as well as for other athletic and recreational uses, such as American football, baseball, cricket, lacrosse, skateboarding, tennis, volleyball, wrestling, walking, and outdoor activities; and apparel with licensed college and professional team and league logos, as well as sells sports apparel.
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