Research Analysts Offer Predictions for NIKE FY2027 Earnings

NIKE, Inc. (NYSE:NKE - Free Report) - Telsey Advisory Group cut their FY2027 earnings per share (EPS) estimates for NIKE in a research note issued to investors on Friday, June 27th. Telsey Advisory Group analyst C. Fernandez now expects that the footwear maker will earn $2.50 per share for the year, down from their prior estimate of $2.65. Telsey Advisory Group has a "Market Perform" rating and a $70.00 price objective on the stock. The consensus estimate for NIKE's current full-year earnings is $2.05 per share.

NKE has been the topic of several other reports. Cfra Research upgraded shares of NIKE to a "moderate buy" rating in a research report on Friday, March 21st. Evercore ISI cut their price target on NIKE from $97.00 to $75.00 and set an "outperform" rating for the company in a report on Tuesday, June 24th. HSBC upgraded NIKE from a "hold" rating to a "buy" rating and set a $80.00 price target for the company in a research report on Friday. Piper Sandler lifted their price objective on NIKE from $70.00 to $80.00 and gave the company an "overweight" rating in a research report on Friday. Finally, Morgan Stanley boosted their price objective on NIKE from $61.00 to $64.00 and gave the company an "equal weight" rating in a research note on Friday. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, fourteen have given a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $77.00.

NIKE Stock Performance

Shares of NYSE NKE opened at $72.09 on Monday. The firm has a 50 day moving average of $60.63 and a 200 day moving average of $67.44. The company has a current ratio of 2.21, a quick ratio of 1.50 and a debt-to-equity ratio of 0.60. The firm has a market capitalization of $106.63 billion, a price-to-earnings ratio of 33.38, a price-to-earnings-growth ratio of 2.73 and a beta of 1.21. NIKE has a 12-month low of $52.28 and a 12-month high of $90.62.

NIKE (NYSE:NKE - Get Free Report) last released its quarterly earnings results on Thursday, June 26th. The footwear maker reported $0.14 EPS for the quarter, beating the consensus estimate of $0.12 by $0.02. NIKE had a net margin of 6.95% and a return on equity of 23.33%. The firm had revenue of $11.10 billion during the quarter, compared to analyst estimates of $10.69 billion. During the same quarter in the prior year, the firm earned $0.99 EPS. The business's revenue for the quarter was down 11.9% compared to the same quarter last year.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Brighton Jones LLC boosted its position in shares of NIKE by 388.5% during the 4th quarter. Brighton Jones LLC now owns 202,411 shares of the footwear maker's stock valued at $15,316,000 after acquiring an additional 160,980 shares during the last quarter. Bank Pictet & Cie Europe AG raised its stake in NIKE by 10.3% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 190,915 shares of the footwear maker's stock valued at $14,447,000 after purchasing an additional 17,888 shares in the last quarter. Proficio Capital Partners LLC lifted its position in NIKE by 1,029.8% during the fourth quarter. Proficio Capital Partners LLC now owns 229,739 shares of the footwear maker's stock valued at $17,384,000 after purchasing an additional 209,404 shares during the last quarter. Flputnam Investment Management Co. lifted its position in NIKE by 9.4% during the fourth quarter. Flputnam Investment Management Co. now owns 11,285 shares of the footwear maker's stock valued at $854,000 after purchasing an additional 974 shares during the last quarter. Finally, SVB Wealth LLC purchased a new position in shares of NIKE in the 4th quarter worth $5,830,000. Hedge funds and other institutional investors own 64.25% of the company's stock.

Insider Activity at NIKE

In related news, Director Robert Holmes Swan purchased 8,600 shares of the firm's stock in a transaction on Friday, April 4th. The shares were acquired at an average price of $58.46 per share, for a total transaction of $502,756.00. Following the purchase, the director now directly owns 31,983 shares in the company, valued at $1,869,726.18. This trade represents a 36.78% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.10% of the stock is currently owned by corporate insiders.

NIKE Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Monday, June 2nd will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $1.60 annualized dividend and a yield of 2.22%. NIKE's payout ratio is 53.16%.

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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