Zacks Research Issues Pessimistic Outlook for NIKE Earnings

NIKE, Inc. (NYSE:NKE) – Zacks Research decreased their Q2 2027 earnings per share (EPS) estimates for shares of NIKE in a report released on Monday, January 20th. Zacks Research analyst R. Lohia now anticipates that the footwear maker will post earnings of $0.87 per share for the quarter, down from their prior forecast of $0.88. The consensus estimate for NIKE’s current full-year earnings is $2.10 per share.

NIKE (NYSE:NKE) last posted its quarterly earnings data on Thursday, December 19th. The footwear maker reported $0.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.15. NIKE had a return on equity of 36.99% and a net margin of 9.98%. The company had revenue of $12.35 billion during the quarter, compared to analysts’ expectations of $12.11 billion. During the same quarter in the previous year, the business earned $1.03 EPS. NIKE’s revenue was down 7.7% compared to the same quarter last year.

Other equities research analysts have also issued reports about the company. UBS Group reaffirmed a “neutral” rating and set a $73.00 target price on shares of NIKE in a research report on Thursday, December 26th. Evercore ISI decreased their target price on NIKE from $105.00 to $97.00 and set an “outperform” rating for the company in a research report on Monday, December 16th. JPMorgan Chase & Co. decreased their target price on NIKE from $77.00 to $73.00 and set a “neutral” rating for the company in a research report on Monday, December 2nd. Piper Sandler raised NIKE from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $72.00 to $90.00 in a research report on Friday, January 10th. Finally, Bank of America decreased their target price on NIKE from $95.00 to $90.00 and set a “buy” rating for the company in a research report on Friday, December 20th. Fourteen research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, NIKE has an average rating of “Moderate Buy” and a consensus target price of $89.96.

NIKE Price Performance

NKE opened at $73.60 on Thursday. The business has a fifty day moving average of $75.52 and a 200 day moving average of $77.86. NIKE has a 52-week low of $70.32 and a 52-week high of $107.43. The company has a quick ratio of 1.51, a current ratio of 2.22 and a debt-to-equity ratio of 0.57. The stock has a market cap of $108.86 billion, a P/E ratio of 22.72, a PEG ratio of 2.36 and a beta of 1.02.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Tempus Wealth Planning LLC increased its holdings in shares of NIKE by 19.2% in the fourth quarter. Tempus Wealth Planning LLC now owns 5,834 shares of the footwear maker’s stock valued at $441,000 after purchasing an additional 940 shares during the period. Calamos Advisors LLC increased its holdings in shares of NIKE by 30.9% in the fourth quarter. Calamos Advisors LLC now owns 349,898 shares of the footwear maker’s stock valued at $26,477,000 after purchasing an additional 82,500 shares during the period. Alliance Wealth Advisors LLC UT increased its holdings in shares of NIKE by 19.0% in the fourth quarter. Alliance Wealth Advisors LLC UT now owns 9,147 shares of the footwear maker’s stock valued at $692,000 after purchasing an additional 1,459 shares during the period. Optas LLC increased its holdings in shares of NIKE by 5.2% in the fourth quarter. Optas LLC now owns 3,861 shares of the footwear maker’s stock valued at $292,000 after purchasing an additional 191 shares during the period. Finally, Leisure Capital Management increased its holdings in shares of NIKE by 99.1% in the fourth quarter. Leisure Capital Management now owns 21,261 shares of the footwear maker’s stock valued at $1,609,000 after purchasing an additional 10,585 shares during the period. 64.25% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director John W. Rogers, Jr. acquired 2,500 shares of the business’s stock in a transaction dated Friday, December 27th. The shares were acquired at an average cost of $76.65 per share, with a total value of $191,625.00. Following the completion of the acquisition, the director now owns 34,403 shares of the company’s stock, valued at approximately $2,636,989.95. This trade represents a 7.84 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 1.10% of the company’s stock.

NIKE Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Monday, December 2nd were paid a $0.40 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This is a boost from NIKE’s previous quarterly dividend of $0.37. This represents a $1.60 dividend on an annualized basis and a yield of 2.17%. NIKE’s dividend payout ratio (DPR) is 49.38%.

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.