Seaport Res Ptn Issues Negative Forecast for NIKE Earnings

Key Points

• Seaport Res Ptn has reduced its Q3 2026 earnings per share estimate for NIKE from $0.51 to $0.46, while the consensus estimate for the current full-year earnings remains at $2.05 per share.
• Several analysts have recently rated NIKE with upgrades; HSBC upgraded it to a "strong-buy" rating and Stifel Nicolaus set a price target of $68.00.
• NIKE reported a quarterly earnings of $0.49 per share for the last quarter, exceeding analyst estimates significantly, alongside a revenue of $11.72 billion.

NIKE, Inc. (NYSE:NKE - Free Report) - Research analysts at Seaport Res Ptn dropped their Q3 2026 earnings per share (EPS) estimates for NIKE in a research report issued on Tuesday, September 30th. Seaport Res Ptn analyst M. Kummetz now expects that the footwear maker will post earnings per share of $0.46 for the quarter, down from their prior forecast of $0.51. The consensus estimate for NIKE's current full-year earnings is $2.05 per share. Seaport Res Ptn also issued estimates for NIKE's Q4 2026 earnings at $0.29 EPS, FY2026 earnings at $1.60 EPS and FY2027 earnings at $2.60 EPS.

Several other equities analysts have also commented on the company. Hsbc Global Res upgraded NIKE from a "hold" rating to a "strong-buy" rating in a research note on Friday, June 27th. Stifel Nicolaus set a $68.00 price target on NIKE and gave the company a "hold" rating in a research note on Wednesday. Morgan Stanley set a $72.00 price target on NIKE and gave the company a "positive" rating in a research note on Wednesday. Cowen upgraded NIKE from a "hold" rating to a "buy" rating in a research note on Wednesday, September 10th. Finally, DZ Bank upgraded NIKE from a "neutral" rating to a "buy" rating in a research note on Wednesday. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, NIKE has an average rating of "Moderate Buy" and an average target price of $81.57.

NIKE Stock Performance

Shares of NIKE stock opened at $74.04 on Thursday. The firm has a market cap of $109.35 billion, a P/E ratio of 37.97, a P/E/G ratio of 2.60 and a beta of 1.29. The company has a current ratio of 2.21, a quick ratio of 1.50 and a debt-to-equity ratio of 0.60. NIKE has a 12 month low of $52.28 and a 12 month high of $85.23. The stock's fifty day moving average price is $74.73 and its 200-day moving average price is $67.31.

NIKE (NYSE:NKE - Get Free Report) last announced its quarterly earnings results on Tuesday, September 30th. The footwear maker reported $0.49 EPS for the quarter, beating the consensus estimate of $0.27 by $0.22. The firm had revenue of $11.72 billion for the quarter, compared to analyst estimates of $10.96 billion. NIKE had a return on equity of 21.05% and a net margin of 6.23%.The business's revenue for the quarter was up 1.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.70 earnings per share.

Institutional Investors Weigh In On NIKE

Institutional investors have recently added to or reduced their stakes in the business. Spire Wealth Management boosted its holdings in NIKE by 4.4% in the first quarter. Spire Wealth Management now owns 9,872 shares of the footwear maker's stock worth $627,000 after acquiring an additional 416 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich boosted its holdings in NIKE by 0.6% in the first quarter. Bank Julius Baer & Co. Ltd Zurich now owns 1,008,340 shares of the footwear maker's stock worth $69,932,000 after acquiring an additional 5,601 shares in the last quarter. Clal Insurance Enterprises Holdings Ltd acquired a new stake in NIKE in the first quarter worth about $25,963,000. BROOKFIELD Corp ON boosted its holdings in NIKE by 36.2% in the first quarter. BROOKFIELD Corp ON now owns 658,598 shares of the footwear maker's stock worth $41,808,000 after acquiring an additional 175,000 shares in the last quarter. Finally, Olstein Capital Management L.P. boosted its holdings in NIKE by 42.2% in the first quarter. Olstein Capital Management L.P. now owns 91,000 shares of the footwear maker's stock worth $5,777,000 after acquiring an additional 27,000 shares in the last quarter. Institutional investors and hedge funds own 64.25% of the company's stock.

Insider Transactions at NIKE

In other NIKE news, Chairman Mark G. Parker sold 110,000 shares of NIKE stock in a transaction dated Wednesday, July 16th. The stock was sold at an average price of $72.29, for a total value of $7,951,900.00. Following the transaction, the chairman owned 842,361 shares in the company, valued at $60,894,276.69. The trade was a 11.55% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.80% of the stock is owned by company insiders.

NIKE Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Tuesday, September 2nd were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.2%. The ex-dividend date was Tuesday, September 2nd. NIKE's payout ratio is 74.07%.

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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