Zacks Research Analysts Reduce Earnings Estimates for NIKE

NIKE, Inc. (NYSE:NKE) – Zacks Research reduced their Q1 2027 earnings per share (EPS) estimates for NIKE in a note issued to investors on Tuesday, July 21st. Zacks Research analyst Team now expects that the footwear maker will post earnings of $0.44 per share for the quarter, down from their prior forecast of $0.46. Zacks Research has a “Strong Sell” rating on the stock. The consensus estimate for NIKE’s current full-year earnings is $1.74 per share. Zacks Research also issued estimates for NIKE’s Q2 2027 earnings at $0.56 EPS, Q3 2027 earnings at $0.42 EPS, Q4 2027 earnings at $0.27 EPS, FY2027 earnings at $1.69 EPS, Q1 2028 earnings at $0.51 EPS, Q3 2028 earnings at $0.47 EPS, FY2028 earnings at $2.11 EPS and FY2029 earnings at $2.63 EPS.

Other equities analysts have also issued research reports about the company. Berenberg Bank set a $49.00 target price on NIKE and gave the stock a “hold” rating in a research note on Friday, July 3rd. Sanford C. Bernstein reiterated a “buy” rating on shares of NIKE in a research note on Monday, July 13th. DZ Bank reissued a “buy” rating on shares of NIKE in a research report on Tuesday, June 30th. BTIG Research reissued a “buy” rating and set a $55.00 price target on shares of NIKE in a research report on Wednesday, July 1st. Finally, Guggenheim reissued a “buy” rating and issued a $60.00 price objective (down from $74.00) on shares of NIKE in a research note on Wednesday, July 1st. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, nineteen have issued a Hold rating and four have issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $53.86.

NIKE Trading Down 1.7%

Shares of NYSE NKE opened at $42.22 on Wednesday. The company has a current ratio of 1.96, a quick ratio of 1.36 and a debt-to-equity ratio of 0.40. The stock has a market capitalization of $62.52 billion, a PE ratio of 20.20, a PEG ratio of 1.91 and a beta of 1.12. NIKE has a twelve month low of $40.00 and a twelve month high of $80.17. The stock has a fifty day simple moving average of $43.70 and a 200-day simple moving average of $51.37.

NIKE (NYSE:NKE) last released its quarterly earnings results on Tuesday, June 30th. The footwear maker reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.09. NIKE had a return on equity of 16.54% and a net margin of 6.70%.The company had revenue of $10.97 billion for the quarter, compared to analysts’ expectations of $10.85 billion. During the same period in the prior year, the firm earned $0.14 earnings per share. The firm’s revenue was down 1.1% compared to the same quarter last year.

Institutional Trading of NIKE

A number of hedge funds and other institutional investors have recently bought and sold shares of NKE. J. Stern & Co. LLP increased its holdings in shares of NIKE by 49,010.4% in the 4th quarter. J. Stern & Co. LLP now owns 48,054,542 shares of the footwear maker’s stock valued at $3,061,555,000 after acquiring an additional 47,956,692 shares during the last quarter. Norges Bank purchased a new stake in NIKE during the fourth quarter worth approximately $829,956,000. Harris Associates L P purchased a new stake in NIKE during the second quarter worth approximately $621,525,000. Capital World Investors boosted its holdings in NIKE by 16.2% in the fourth quarter. Capital World Investors now owns 49,069,951 shares of the footwear maker’s stock valued at $3,126,246,000 after purchasing an additional 6,830,938 shares in the last quarter. Finally, Jasper Ridge Partners L.P. boosted its holdings in NIKE by 2,492.4% in the fourth quarter. Jasper Ridge Partners L.P. now owns 4,883,229 shares of the footwear maker’s stock valued at $311,111,000 after purchasing an additional 4,694,859 shares in the last quarter. 64.25% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at NIKE

In other news, EVP Philip Mccartney sold 17,398 shares of the firm’s stock in a transaction on Friday, June 12th. The shares were sold at an average price of $46.18, for a total value of $803,439.64. Following the sale, the executive vice president directly owned 53,133 shares in the company, valued at approximately $2,453,681.94. This trade represents a 24.67% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Corporate insiders own 1.10% of the company’s stock.

NIKE Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 1st. Shareholders of record on Monday, June 1st were issued a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 3.9%. The ex-dividend date was Monday, June 1st. NIKE’s payout ratio is 78.47%.

Key Headlines Impacting NIKE

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: NIKE is aiming to regain pricing power and reduce marketplace clutter in China by steering online sales toward its own website, app, and select flagship storefronts, which could strengthen brand presentation if it works. After tackling discounts in China, Nike still needs to win back shoppers
• Positive Sentiment: Some analysts still see meaningful upside longer term, with coverage citing a potentially attractive valuation despite the stock’s recent weakness. Nike Continues a Troubled 2026 But Has Potential to Double According to Morningstar
• Neutral Sentiment: NIKE’s latest earnings beat expectations, but revenue still declined year over year, leaving the turnaround narrative intact rather than clearly resolved.
• Negative Sentiment: Wall Street skepticism is growing after NIKE said it will end online distribution through several China partners starting in 2027, with analysts warning that sales could be pressured and market share could slip during the transition. NKE Stock Slips As Nike’s China E-Commerce Reset Draws Wall Street Skepticism
• Negative Sentiment: Reuters and other reports say Nike has been losing sales in China for eight straight quarters, and the overhaul highlights how dependent the turnaround is on winning back shoppers in a highly competitive market. Nike to tighten online sales in China amid ‘cluttered’ marketplace
• Negative Sentiment: Zacks Research cut multiple forward earnings estimates and kept a “Strong Sell” rating, reinforcing concerns that NIKE’s recovery may take longer than investors hoped. NIKE, Inc. stock news

About NIKE

Nike, Inc (NYSE: NKE) is a global designer, marketer and distributor of athletic footwear, apparel, equipment and accessories. Founded in 1964 as Blue Ribbon Sports by Phil Knight and Bill Bowerman and renamed Nike in 1971, the company is headquartered near Beaverton, Oregon. Nike develops and commercializes products across performance and lifestyle categories for sports including running, basketball, soccer and training, and is known for signature technologies and design-driven product lines.

The company markets products under several primary brands, including Nike, Jordan and Converse, and sells through a combination of wholesale relationships, branded retail stores and direct-to-consumer channels such as company-operated stores and digital platforms (e.g., Nike.com and mobile apps).