Zacks Research Issues Positive Forecast for NIKE Earnings

NIKE, Inc. (NYSE:NKE) – Stock analysts at Zacks Research increased their Q1 2028 earnings per share estimates for NIKE in a research note issued to investors on Tuesday, October 14th. Zacks Research analyst Team now expects that the footwear maker will post earnings per share of $0.89 for the quarter, up from their previous 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.

Several other research analysts have also weighed in on NKE. Bank of America increased their target price on NIKE from $80.00 to $84.00 and gave the stock a “buy” rating in a research report on Friday, June 27th. TD Cowen raised NIKE from a “hold” rating to a “buy” rating and increased their target price for the stock from $62.00 to $85.00 in a research report on Wednesday, September 10th. Wall Street Zen raised NIKE from a “sell” rating to a “hold” rating in a research report on Saturday, September 6th. Argus raised NIKE to a “buy” rating in a research report on Sunday, July 6th. Finally, Stifel Nicolaus set a $68.00 price objective on NIKE and gave the company a “hold” rating in a research report on Wednesday, October 1st. Three research analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $82.21.

NIKE Trading Down 2.4%

Shares of NKE opened at $66.82 on Thursday. 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 market capitalization of $98.77 billion, a P/E ratio of 34.27, a price-to-earnings-growth ratio of 2.52 and a beta of 1.29. The stock’s fifty day simple moving average is $73.23 and its 200 day simple moving average is $67.36. NIKE has a twelve month low of $52.28 and a twelve month high of $84.76.

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

Institutional Trading of NIKE

Several hedge funds and other institutional investors have recently bought and sold shares of NKE. Stone House Investment Management LLC bought a new position in shares of NIKE during the first quarter valued at approximately $25,000. Mascoma Wealth Management LLC acquired a new position in shares of NIKE during the second quarter worth approximately $26,000. Halbert Hargrove Global Advisors LLC grew its holdings in NIKE by 952.6% in the 2nd quarter. Halbert Hargrove Global Advisors LLC now owns 400 shares of the footwear maker’s stock worth $28,000 after buying an additional 362 shares in the last quarter. Saudi Central Bank bought a new position in NIKE in the 1st quarter worth approximately $30,000. Finally, Matrix Trust Co raised its stake in shares of NIKE by 53.1% during the second quarter. Matrix Trust Co now owns 441 shares of the footwear maker’s stock valued at $31,000 after purchasing an additional 153 shares in the last quarter. 64.25% of the stock is owned by institutional investors.

Insider Transactions at NIKE

In related news, 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 completion of the sale, the chairman directly owned 744,988 shares of the company’s stock, valued at $56,566,938.84. The trade was a 10.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Treasure Heinle sold 4,300 shares of the business’s stock in a transaction dated Monday, October 6th. The shares were sold at an average price of $71.27, for a total value of $306,461.00. Following the completion of the sale, the executive vice president directly owned 29,396 shares of the company’s stock, valued at approximately $2,095,052.92. This represents a 12.76% 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 Dividend Announcement

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

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.