Seaport Res Ptn Has Negative Estimate for NIKE Q3 Earnings

NIKE, Inc. (NYSE:NKE) – Equities researchers at Seaport Res Ptn dropped their Q3 2026 earnings estimates for NIKE in a note issued to investors on Tuesday, September 30th. Seaport Res Ptn analyst M. Kummetz now anticipates that the footwear maker will earn $0.46 per share for the quarter, down from their previous estimate of $0.51. The consensus estimate for NIKE’s current full-year earnings is $2.05 per share. Seaport Res Ptn also issued estimates for NIKE’s Q4 2026 earnings at $0.29 EPS, FY2026 earnings at $1.60 EPS and FY2027 earnings at $2.60 EPS.

NIKE (NYSE:NKE) last issued its quarterly earnings results on Tuesday, September 30th. The footwear maker reported $0.49 EPS for the quarter, beating the consensus estimate 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 in the prior year, the firm posted $0.70 EPS. The firm’s revenue was up 1.0% compared to the same quarter last year.

NKE has been the topic of several other research reports. Cowen raised shares of NIKE from a “hold” rating to a “buy” rating in a research note on Wednesday, September 10th. UBS Group set a $71.00 target price on NIKE and gave the company a “neutral” rating in a research report on Friday, September 19th. Sanford C. Bernstein reissued a “buy” rating and set a $90.00 price target on shares of NIKE in a research report on Wednesday. Truist Financial restated a “buy” rating and set a $85.00 price target on shares of NIKE in a research note on Wednesday. Finally, Royal Bank Of Canada raised shares of NIKE from a “sector perform” rating to an “outperform” rating and upped their price objective for the stock from $76.00 to $90.00 in a research note on Thursday, September 18th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and seven have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $81.57.

NIKE Trading Up 0.5%

Shares of NYSE NKE opened at $74.59 on Thursday. NIKE has a fifty-two week low of $52.28 and a fifty-two week high of $84.76. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.50 and a current ratio of 2.19. The company has a market cap of $110.16 billion, a price-to-earnings ratio of 38.25, a PEG ratio of 2.79 and a beta of 1.29. The business’s 50 day moving average price is $74.71 and its 200-day moving average price is $67.32.

Hedge Funds Weigh In On NIKE

A number of institutional investors have recently bought and sold shares of NKE. Mitchell Mcleod Pugh & Williams Inc. increased its stake in shares of NIKE by 1.0% in the second quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 14,176 shares of the footwear maker’s stock worth $1,007,000 after acquiring an additional 134 shares during the period. Main Street Financial Solutions LLC boosted its holdings in NIKE by 4.2% in the second quarter. Main Street Financial Solutions LLC now owns 3,441 shares of the footwear maker’s stock valued at $244,000 after purchasing an additional 139 shares during the last quarter. Caldwell Sutter Capital Inc. grew its position in NIKE by 6.3% during the 2nd quarter. Caldwell Sutter Capital Inc. now owns 2,390 shares of the footwear maker’s stock worth $170,000 after purchasing an additional 142 shares during the period. Salomon & Ludwin LLC grew its position in NIKE by 10.1% during the 2nd quarter. Salomon & Ludwin LLC now owns 1,575 shares of the footwear maker’s stock worth $120,000 after purchasing an additional 145 shares during the period. Finally, Westmount Partners LLC raised its stake in shares of NIKE by 2.9% during the 2nd quarter. Westmount Partners LLC now owns 5,165 shares of the footwear maker’s stock valued at $367,000 after buying an additional 146 shares during the last quarter. 64.25% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at NIKE

In other news, Chairman Mark G. Parker sold 110,000 shares of the stock in a transaction dated Wednesday, July 16th. The stock was sold at an average price of $72.29, for a total value of $7,951,900.00. Following the transaction, the chairman directly owned 842,361 shares of the company’s stock, valued at approximately $60,894,276.69. This represents a 11.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.80% of the company’s stock.

NIKE Announces Dividend

The company also recently declared 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. This represents a $1.60 annualized dividend and a yield of 2.1%. The ex-dividend date was Tuesday, September 2nd. NIKE’s payout ratio is presently 74.07%.

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.