Seaport Res Ptn Issues Negative Forecast for NIKE Earnings

NIKE, Inc. (NYSE:NKE) – Investment analysts at Seaport Res Ptn reduced their Q2 2026 earnings per share estimates for shares of NIKE in a research note issued on Tuesday, September 30th. Seaport Res Ptn analyst M. Kummetz now anticipates that the footwear maker will post earnings per share of $0.36 for the quarter, down from their previous estimate of $0.54. The consensus estimate for NIKE’s current full-year earnings is $2.05 per share.

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

NKE has been the subject of several other reports. Morgan Stanley set a $72.00 price objective on shares of NIKE and gave the stock a “positive” rating in a report on Wednesday. Royal Bank Of Canada raised shares of NIKE from a “sector perform” rating to an “outperform” rating and increased their price target for the stock from $76.00 to $90.00 in a research note on Thursday, September 18th. JPMorgan Chase & Co. raised their price objective on shares of NIKE from $93.00 to $100.00 and gave the stock an “overweight” rating in a report on Wednesday. Bank of America lifted their price objective on NIKE from $80.00 to $84.00 and gave the company a “buy” rating in a research report on Friday, June 27th. Finally, Argus raised NIKE to a “buy” rating in a research report on Sunday, July 6th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, NIKE has a consensus rating of “Moderate Buy” and an average price target of $81.57.

NIKE Stock Performance

Shares of NKE stock opened at $72.01 on Friday. The firm has a market capitalization of $106.34 billion, a price-to-earnings ratio of 36.93, a PEG ratio of 2.75 and a beta of 1.29. The stock has a fifty day moving average of $74.62 and a 200 day moving average of $67.31. NIKE has a 52 week low of $52.28 and a 52 week high of $84.76. The company has a quick ratio of 1.50, a current ratio of 2.19 and a debt-to-equity ratio of 0.59.

NIKE Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Tuesday, September 2nd were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend was Tuesday, September 2nd. NIKE’s payout ratio is 82.05%.

Insider Activity at NIKE

In other news, Chairman Mark G. Parker sold 86,078 shares of the stock in a transaction on 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 directly owned 744,988 shares of the company’s stock, valued at approximately $56,566,938.84. This represents a 10.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.80% of the company’s stock.

Hedge Funds Weigh In On NIKE

A number of hedge funds have recently bought and sold shares of NKE. Mitchell Mcleod Pugh & Williams Inc. raised its holdings in 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 buying an additional 134 shares during the last quarter. Main Street Financial Solutions LLC lifted its position in NIKE by 4.2% in the 2nd quarter. Main Street Financial Solutions LLC now owns 3,441 shares of the footwear maker’s stock valued at $244,000 after acquiring an additional 139 shares in the last quarter. St. Clair Advisors LLC boosted its stake in NIKE by 0.9% during the 3rd quarter. St. Clair Advisors LLC now owns 15,217 shares of the footwear maker’s stock valued at $1,061,000 after purchasing an additional 140 shares during the last quarter. Caldwell Sutter Capital Inc. increased its holdings in shares of NIKE by 6.3% in 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 in the last quarter. Finally, Salomon & Ludwin LLC raised its stake in shares of NIKE by 10.1% in the second 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 last quarter. Institutional investors own 64.25% of the company’s stock.

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.