Zacks Research Analysts Raise Earnings Estimates for NIKE

NIKE, Inc. (NYSE:NKE) – Research analysts at Zacks Research upped their Q1 2028 EPS estimates for NIKE in a research report issued on Tuesday, October 14th. Zacks Research analyst Team now forecasts that the footwear maker will post earnings per share of $0.89 for the quarter, up from their prior forecast of $0.64. Zacks Research currently has a “Hold” rating on the stock. The consensus estimate for NIKE’s current full-year earnings is $2.05 per share.

Other equities analysts have also recently issued reports about the stock. Bank of America lifted their price objective on shares of NIKE from $80.00 to $84.00 and gave the stock a “buy” rating in a research report on Friday, June 27th. Morgan Stanley set a $72.00 price objective on shares of NIKE and gave the stock a “positive” rating in a research report on Wednesday, October 1st. Robert W. Baird lifted their price objective on shares of NIKE from $80.00 to $88.00 and gave the stock an “outperform” rating in a research report on Friday, June 27th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of NIKE from $77.00 to $71.00 and set a “buy” rating for the company in a research report on Friday, June 20th. Finally, Piper Sandler set a $84.00 price objective on shares of NIKE and gave the stock an “overweight” rating in a research report on Wednesday, October 1st. Three analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat.com, NIKE currently has a consensus rating of “Moderate Buy” and a consensus target price of $82.21.

NIKE Price Performance

NYSE:NKE opened at $67.46 on Thursday. NIKE has a 1-year low of $52.28 and a 1-year high of $83.95. The company has a current ratio of 2.19, a quick ratio of 1.45 and a debt-to-equity ratio of 0.59. The firm has a fifty day simple moving average of $73.10 and a 200 day simple moving average of $67.38. The stock has a market capitalization of $99.72 billion, a PE ratio of 34.59, a P/E/G ratio of 2.46 and a beta of 1.29.

NIKE (NYSE:NKE) last posted its quarterly earnings data on Tuesday, September 30th. The footwear maker reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.22. NIKE had a net margin of 6.23% and a return on equity of 21.16%. The company had revenue of $11.72 billion for the quarter, compared to the consensus estimate of $10.96 billion. During the same period last year, the company earned $0.70 earnings per share. The firm’s revenue was up 1.0% compared to the same quarter last year.

Institutional Trading of NIKE

Institutional investors have recently added to or reduced their stakes in the stock. Spire Wealth Management boosted its holdings in NIKE by 4.4% in the first quarter. Spire Wealth Management now owns 9,872 shares of the footwear maker’s stock valued at $627,000 after acquiring an additional 416 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich boosted its holdings in NIKE by 0.6% in the first quarter. Bank Julius Baer & Co. Ltd Zurich now owns 1,008,340 shares of the footwear maker’s stock valued at $69,932,000 after acquiring an additional 5,601 shares during the last quarter. Clal Insurance Enterprises Holdings Ltd bought a new stake in NIKE in the first quarter valued at approximately $25,963,000. BROOKFIELD Corp ON boosted its holdings in NIKE by 36.2% in the first quarter. BROOKFIELD Corp ON now owns 658,598 shares of the footwear maker’s stock valued at $41,808,000 after acquiring an additional 175,000 shares during the last quarter. Finally, Cadence Bank boosted its holdings in NIKE by 10.0% in the first quarter. Cadence Bank now owns 83,002 shares of the footwear maker’s stock valued at $5,269,000 after acquiring an additional 7,574 shares during the last quarter. 64.25% of the stock is currently owned by institutional investors.

Insider Activity

In other NIKE news, EVP Treasure Heinle sold 4,300 shares of the business’s stock in a transaction dated Monday, October 6th. The stock was sold at an average price of $71.27, for a total transaction of $306,461.00. Following the completion of the transaction, the executive vice president owned 29,396 shares of the company’s stock, valued at approximately $2,095,052.92. The trade was a 12.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Chairman Mark G. Parker sold 86,078 shares of the business’s stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $75.93, for a total value of $6,535,902.54. Following the sale, the chairman owned 744,988 shares in the company, valued at approximately $56,566,938.84. This trade represents a 10.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. 0.80% of the stock is currently owned by insiders.

NIKE Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Tuesday, September 2nd were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $1.60 annualized dividend and a yield of 2.4%. NIKE’s payout ratio is presently 82.05%.

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.