FY2027 Earnings Forecast for NIKE Issued By Seaport Res Ptn

NIKE, Inc. (NYSE:NKE) – Equities researchers at Seaport Res Ptn raised their FY2027 earnings per share (EPS) estimates for NIKE in a report issued on Tuesday, June 24th. Seaport Res Ptn analyst M. Kummetz now forecasts that the footwear maker will post earnings of $2.91 per share for the year, up from their prior forecast of $2.83. The consensus estimate for NIKE’s current full-year earnings is $2.05 per share.

NIKE (NYSE:NKE) last announced its earnings results on Thursday, June 26th. The footwear maker reported $0.14 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.12 by $0.02. NIKE had a net margin of 9.43% and a return on equity of 32.18%. The company had revenue of $11.10 billion for the quarter, compared to analysts’ expectations of $10.69 billion. During the same quarter in the previous year, the company posted $0.99 EPS. The firm’s quarterly revenue was down 11.9% on a year-over-year basis.

A number of other analysts also recently commented on the stock. Deutsche Bank Aktiengesellschaft cut their price objective on shares of NIKE from $77.00 to $71.00 and set a “buy” rating for the company in a report on Friday, June 20th. Truist Financial cut their price target on NIKE from $82.00 to $73.00 and set a “buy” rating for the company in a report on Tuesday. China Renaissance started coverage on NIKE in a research note on Wednesday, March 19th. They set a “hold” rating on the stock. Citigroup dropped their target price on NIKE from $72.00 to $57.00 and set a “neutral” rating for the company in a report on Monday, April 28th. Finally, Dbs Bank upgraded NIKE from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 5th. Sixteen equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $77.59.

NIKE Stock Performance

NYSE:NKE opened at $62.71 on Thursday. The company has a market cap of $92.75 billion, a P/E ratio of 20.83, a P/E/G ratio of 2.23 and a beta of 1.21. NIKE has a twelve month low of $52.28 and a twelve month high of $94.74. The company’s 50-day moving average price is $60.31 and its 200-day moving average price is $67.63. The company has a current ratio of 2.19, a quick ratio of 1.52 and a debt-to-equity ratio of 0.57.

NIKE Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Monday, June 2nd will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.55%. The ex-dividend date of this dividend is Monday, June 2nd. NIKE’s payout ratio is 53.16%.

Insider Activity at NIKE

In other NIKE news, Director Robert Holmes Swan bought 8,600 shares of NIKE stock in a transaction on Friday, April 4th. The shares were bought at an average cost of $58.46 per share, for a total transaction of $502,756.00. Following the acquisition, the director now directly owns 31,983 shares in the company, valued at $1,869,726.18. This represents a 36.78% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.10% of the stock is currently owned by company insiders.

Institutional Trading of NIKE

Large investors have recently modified their holdings of the stock. Brighton Jones LLC grew its position in shares of NIKE by 388.5% during the fourth quarter. Brighton Jones LLC now owns 202,411 shares of the footwear maker’s stock worth $15,316,000 after buying an additional 160,980 shares in the last quarter. Bank Pictet & Cie Europe AG lifted its stake in NIKE by 10.3% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 190,915 shares of the footwear maker’s stock worth $14,447,000 after acquiring an additional 17,888 shares during the last quarter. IFP Advisors Inc grew its holdings in NIKE by 17.9% during the 4th quarter. IFP Advisors Inc now owns 11,806 shares of the footwear maker’s stock worth $894,000 after acquiring an additional 1,789 shares in the last quarter. BankPlus Trust Department purchased a new stake in shares of NIKE in the 4th quarter valued at approximately $34,000. Finally, FourThought Financial Partners LLC purchased a new stake in shares of NIKE in the 4th quarter valued at approximately $332,000. Hedge funds and other institutional investors own 64.25% of the company’s stock.

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.