Brokers Offer Predictions for NIKE, Inc.'s Q1 2025 Earnings (NYSE:NKE)

NIKE, Inc. (NYSE:NKE - Free Report) - Analysts at Wedbush dropped their Q1 2025 earnings per share estimates for NIKE in a research note issued to investors on Tuesday, April 30th. Wedbush analyst T. Nikic now forecasts that the footwear maker will post earnings per share of $0.84 for the quarter, down from their prior estimate of $0.85. Wedbush has a "Outperform" rating and a $115.00 price objective on the stock. The consensus estimate for NIKE's current full-year earnings is $3.73 per share.

NIKE (NYSE:NKE - Get Free Report) last released its earnings results on Thursday, March 21st. The footwear maker reported $0.98 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.69 by $0.29. NIKE had a return on equity of 39.41% and a net margin of 10.14%. The firm had revenue of $12.43 billion for the quarter, compared to the consensus estimate of $12.28 billion.

Several other brokerages have also recently weighed in on NKE. Bank of America upgraded NIKE from a "neutral" rating to a "buy" rating and lifted their price target for the company from $110.00 to $113.00 in a research report on Thursday, April 11th. TheStreet lowered NIKE from a "b" rating to a "c+" rating in a research note on Tuesday, January 9th. The Goldman Sachs Group reduced their price target on NIKE from $135.00 to $120.00 and set a "buy" rating for the company in a report on Friday, March 22nd. Citigroup dropped their price objective on NIKE from $135.00 to $125.00 and set a "buy" rating on the stock in a report on Thursday, March 14th. Finally, Morgan Stanley reduced their target price on NIKE from $124.00 to $116.00 and set an "overweight" rating for the company in a research note on Wednesday, March 27th. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty have issued a buy rating to the company's stock. According to MarketBeat.com, NIKE presently has an average rating of "Moderate Buy" and an average price target of $116.26.

NIKE Stock Performance

NYSE:NKE traded down $1.92 during midday trading on Wednesday, hitting $90.34. The company's stock had a trading volume of 9,556,042 shares, compared to its average volume of 9,343,546. The firm's 50 day moving average is $96.55 and its 200-day moving average is $103.28. The firm has a market cap of $136.36 billion, a P/E ratio of 26.57, a P/E/G ratio of 1.81 and a beta of 1.08. The company has a debt-to-equity ratio of 0.63, a current ratio of 2.74 and a quick ratio of 1.89. NIKE has a fifty-two week low of $88.66 and a fifty-two week high of $128.38.

NIKE Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Monday, March 4th were issued a $0.37 dividend. The ex-dividend date was Friday, March 1st. This represents a $1.48 annualized dividend and a yield of 1.64%. NIKE's dividend payout ratio (DPR) is currently 43.53%.

Institutional Trading of NIKE

Institutional investors and hedge funds have recently made changes to their positions in the company. Annapolis Financial Services LLC grew its position in shares of NIKE by 440.0% during the first quarter. Annapolis Financial Services LLC now owns 270 shares of the footwear maker's stock worth $25,000 after acquiring an additional 220 shares during the last quarter. Iron Horse Wealth Management LLC increased its stake in NIKE by 120.7% in the fourth quarter. Iron Horse Wealth Management LLC now owns 256 shares of the footwear maker's stock valued at $28,000 after purchasing an additional 140 shares during the period. Planned Solutions Inc. purchased a new stake in shares of NIKE in the fourth quarter valued at about $29,000. True Wealth Design LLC boosted its stake in shares of NIKE by 106.4% during the fourth quarter. True Wealth Design LLC now owns 291 shares of the footwear maker's stock worth $32,000 after buying an additional 150 shares during the period. Finally, Frank Rimerman Advisors LLC acquired a new position in NIKE in the 4th quarter valued at about $33,000. 64.25% of the stock is owned by hedge funds and other institutional investors.

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.