Telsey Advisory Group Lowers Earnings Estimates for NIKE

Key Points

• Telsey Advisory Group has lowered its Q2 2026 earnings per share estimate for NIKE to $0.36, down from $0.53, while maintaining a "Market Perform" rating and a price target of $75.00.
• Several analysts have expressed mixed sentiments about NIKE, with Goldman Sachs setting a price objective of $85.00 and others giving ratings ranging from "Strong Buy" to "Neutral".
• NIKE's quarterly earnings last reported a beat of expectations, earning $0.49 EPS, with revenue of $11.72 billion reflecting a 1.0% year-over-year increase.

NIKE, Inc. (NYSE:NKE - Free Report) - Equities research analysts at Telsey Advisory Group decreased their Q2 2026 earnings per share estimates for NIKE in a note issued to investors on Wednesday, October 1st. Telsey Advisory Group analyst C. Fernandez now forecasts that the footwear maker will earn $0.36 per share for the quarter, down from their previous estimate of $0.53. Telsey Advisory Group has a "Market Perform" rating and a $75.00 price target on the stock. The consensus estimate for NIKE's current full-year earnings is $2.05 per share. Telsey Advisory Group also issued estimates for NIKE's Q3 2026 earnings at $0.44 EPS and Q1 2027 earnings at $0.71 EPS.

A number of other equities analysts have also recently issued reports on NKE. The Goldman Sachs Group set a $85.00 price objective on shares of NIKE and gave the stock a "buy" rating in a research report on Thursday, September 25th. Truist Financial reiterated a "buy" rating and set a $85.00 price target on shares of NIKE in a report on Wednesday. Citigroup upgraded NIKE from a "neutral" rating to a "positive" rating in a research note on Friday, September 19th. Morgan Stanley set a $72.00 price objective on NIKE and gave the stock a "positive" rating in a research report on Wednesday. Finally, UBS Group set a $71.00 target price on NIKE and gave the stock a "neutral" rating in a report on Friday, September 19th. Four investment 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 company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $81.57.

NIKE Trading Up 0.5%

NKE opened at $74.59 on Friday. The stock has a market capitalization of $110.16 billion, a price-to-earnings ratio of 38.25, a P/E/G ratio of 2.79 and a beta of 1.29. The company has a quick ratio of 1.50, a current ratio of 2.19 and a debt-to-equity ratio of 0.59. NIKE has a twelve month low of $52.28 and a twelve month high of $84.76. The company has a 50-day simple moving average of $74.71 and a 200 day simple moving average of $67.32.

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

Institutional Trading of NIKE

Institutional investors have recently added to or reduced their stakes in the stock. Goldman Sachs Group Inc. boosted its stake in shares of NIKE by 344.2% in the 1st quarter. Goldman Sachs Group Inc. now owns 26,698,835 shares of the footwear maker's stock valued at $1,694,842,000 after purchasing an additional 20,688,013 shares in the last quarter. Norges Bank purchased a new position in NIKE in the 2nd quarter worth $835,063,000. Wellington Management Group LLP lifted its stake in NIKE by 24.9% in 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 during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its position 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 valued at $645,855,000 after buying an additional 8,809,950 shares during the period. Finally, Harris Associates L P bought a new position in shares of NIKE during the second quarter valued at about $621,525,000. Hedge funds and other institutional investors own 64.25% of the company's stock.

Insider Activity

In related news, Chairman Mark G. Parker sold 110,000 shares of the business's stock in a transaction dated Wednesday, July 16th. The shares were sold at an average price of $72.29, for a total value of $7,951,900.00. Following the transaction, the chairman directly owned 842,361 shares of the company's stock, valued at approximately $60,894,276.69. The trade was a 11.55% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.80% of the stock is currently owned by corporate insiders.

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 paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date was Tuesday, September 2nd. NIKE's payout ratio is presently 82.05%.

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.

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