FY2026 Earnings Forecast for NIKE Issued By KeyCorp

Key Points

• KeyCorp analysts project NIKE's FY2026 earnings at $1.72 per share, well below the current consensus estimate of $2.05 per share, and maintain an "Overweight" rating with a target price of $90.00.
• Recent institutional activity shows significant investments in NIKE, with Goldman Sachs increasing its stake by 344.2% and Norges Bank acquiring a new position valued at approximately $835 million.
• NIKE's latest quarterly results exceeded expectations, reporting a revenue of $11.72 billion and $0.49 EPS, which is substantially higher than the predicted figures.

NIKE, Inc. (NYSE:NKE - Free Report) - Research analysts at KeyCorp issued their FY2026 earnings estimates for shares of NIKE in a note issued to investors on Wednesday, October 1st. KeyCorp analyst A. Owens anticipates that the footwear maker will post earnings of $1.72 per share for the year. KeyCorp currently has a "Overweight" rating and a $90.00 target price on the stock. The consensus estimate for NIKE's current full-year earnings is $2.05 per share.

NKE has been the subject of a number of other reports. Sanford C. Bernstein reissued a "buy" rating and issued a $90.00 price target on shares of NIKE in a research report on Wednesday, October 1st. Wall Street Zen raised shares of NIKE from a "sell" rating to a "hold" rating in a research report on Saturday, September 6th. UBS Group set a $71.00 price target on shares of NIKE and gave the company a "neutral" rating in a research report on Friday, September 19th. Barclays set a $70.00 price target on shares of NIKE and gave the company a "positive" rating in a research report on Wednesday. Finally, JPMorgan Chase & Co. boosted their price target on shares of NIKE from $93.00 to $100.00 and gave the company an "overweight" rating in a research report on Wednesday, October 1st. Three 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 issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $81.57.

NIKE Price Performance

NIKE stock opened at $72.01 on Monday. NIKE has a 12-month low of $52.28 and a 12-month high of $84.76. The stock has a market cap of $106.34 billion, a P/E ratio of 36.93, a price-to-earnings-growth ratio of 2.64 and a beta of 1.29. 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 company has a fifty day simple moving average of $74.62 and a 200-day simple moving average of $67.24.

NIKE (NYSE:NKE - Get Free Report) last released its quarterly earnings data on Tuesday, September 30th. The footwear maker reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.22. The business had revenue of $11.72 billion during the quarter, compared to analysts' expectations of $10.96 billion. NIKE had a net margin of 6.23% and a return on equity of 21.16%. The company's revenue for the quarter was up 1.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.70 EPS.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in NKE. Goldman Sachs Group Inc. raised its holdings in NIKE by 344.2% during the first quarter. Goldman Sachs Group Inc. now owns 26,698,835 shares of the footwear maker's stock worth $1,694,842,000 after purchasing an additional 20,688,013 shares in the last quarter. Norges Bank purchased a new position in NIKE during the second quarter worth about $835,063,000. Wellington Management Group LLP raised its holdings in NIKE by 24.9% during the first quarter. Wellington Management Group LLP now owns 45,383,916 shares of the footwear maker's stock worth $2,880,971,000 after purchasing an additional 9,043,180 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its holdings in NIKE by 3,129.9% during the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 9,091,426 shares of the footwear maker's stock worth $645,855,000 after purchasing an additional 8,809,950 shares in the last quarter. Finally, Harris Associates L P purchased a new position in NIKE during the second quarter worth about $621,525,000. 64.25% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at NIKE

In other news, Chairman Mark G. Parker sold 86,078 shares of the company's stock in a transaction dated Thursday, August 14th. The shares were 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 approximately $56,566,938.84. This represents a 10.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.80% of the company's stock.

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 issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date of this dividend was Tuesday, September 2nd. NIKE's dividend payout ratio is presently 82.05%.

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.

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