Seaport Res Ptn Estimates NIKE's Q2 Earnings (NYSE:NKE)

Key Points

• Seaport Res Ptn has revised its Q2 2026 earnings estimates for NIKE, lowering the forecast from $0.54 to $0.36 per share.
• Despite the earnings downgrade, NIKE retains a consensus rating of "Moderate Buy" with an average price target of $81.57.
• NIKE reported Q2 earnings of $0.49 per share, exceeding the consensus estimate of $0.27, while revenue reached $11.72 billion against expectations of $10.96 billion.

NIKE, Inc. (NYSE:NKE - Free Report) - Analysts at Seaport Res Ptn lowered their Q2 2026 earnings estimates for NIKE in a research report issued to clients and investors on Tuesday, September 30th. Seaport Res Ptn analyst M. Kummetz now expects that the footwear maker will post earnings per share of $0.36 for the quarter, down from their prior forecast of $0.54. The consensus estimate for NIKE's current full-year earnings is $2.05 per share.

NKE has been the topic of a number of other research reports. Truist Financial reiterated a "buy" rating and issued a $85.00 target price on shares of NIKE in a research report on Wednesday. Morgan Stanley set a $72.00 price target on shares of NIKE and gave the company a "positive" rating in a research note on Wednesday. HSBC raised shares of NIKE from a "hold" rating to a "buy" rating and set a $80.00 price objective for the company in a research note on Friday, June 27th. Stifel Nicolaus set a $68.00 target price on shares of NIKE and gave the stock a "hold" rating in a research note on Wednesday. Finally, Barclays set a $70.00 price target on NIKE and gave the company a "positive" rating in a research note on Wednesday. Four research analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, NIKE currently has a consensus rating of "Moderate Buy" and an average price target of $81.57.

NIKE Price Performance

NIKE stock opened at $74.59 on Friday. The company has a debt-to-equity ratio of 0.59, a quick ratio of 1.50 and a current ratio of 2.19. NIKE has a 52 week low of $52.28 and a 52 week high of $84.76. The stock has a market capitalization of $110.16 billion, a P/E ratio of 38.25, a price-to-earnings-growth ratio of 2.79 and a beta of 1.29. The stock has a fifty day moving average of $74.71 and a 200-day moving average of $67.32.

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

NIKE Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Tuesday, September 2nd were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.1%. The ex-dividend date was Tuesday, September 2nd. NIKE's dividend payout ratio is presently 82.05%.

Insider Transactions at NIKE

In related news, Chairman Mark G. Parker sold 110,000 shares of the firm's stock in a transaction on Wednesday, July 16th. The stock was sold at an average price of $72.29, for a total transaction of $7,951,900.00. Following the completion of the transaction, the chairman directly owned 842,361 shares of the company's stock, valued at $60,894,276.69. This trade represents a 11.55% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.80% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On NIKE

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Stone House Investment Management LLC acquired a new stake in NIKE during the 1st quarter valued at approximately $25,000. Mascoma Wealth Management LLC bought a new stake in shares of NIKE in the 2nd quarter valued at $26,000. Halbert Hargrove Global Advisors LLC boosted its stake in shares of NIKE by 952.6% in the 2nd quarter. Halbert Hargrove Global Advisors LLC now owns 400 shares of the footwear maker's stock valued at $28,000 after purchasing an additional 362 shares during the last quarter. Saudi Central Bank bought a new position in NIKE during the first quarter worth $30,000. Finally, Matrix Trust Co raised its stake in NIKE by 53.1% during the second quarter. Matrix Trust Co now owns 441 shares of the footwear maker's stock worth $31,000 after buying an additional 153 shares during the last quarter. 64.25% of the stock is owned by institutional investors and hedge funds.

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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