Free Trial

Zacks Research Issues Positive Forecast for NIKE Earnings

NIKE logo with Consumer Discretionary background

Key Points

  • Zacks Research has increased its Q1 2028 earnings per share estimate for NIKE from $0.64 to $0.89, indicating a positive outlook for the company.
  • NIKE's average target price is currently $82.21 with a consensus rating of "Moderate Buy," reflecting strong interest from analysts, including three Strong Buy ratings.
  • Insider selling occurred recently, with Chairman Mark G. Parker and EVP Treasure Heinle selling shares, reducing their ownership stakes in the company.
  • MarketBeat previews the top five stocks to own by November 1st.

NIKE, Inc. (NYSE:NKE - Free Report) - Equities researchers at Zacks Research lifted their Q1 2028 earnings per share estimates for shares of NIKE in a research note issued to investors on Tuesday, October 14th. Zacks Research analyst Team now anticipates that the footwear maker will post earnings per share of $0.89 for the quarter, up from their previous estimate of $0.64. Zacks Research currently has a "Hold" rating on the stock. The consensus estimate for NIKE's current full-year earnings is $2.05 per share.

Other research analysts have also issued reports about the company. Evercore ISI cut their target price on NIKE from $97.00 to $75.00 and set an "outperform" rating on the stock in a research report on Tuesday, June 24th. DZ Bank raised NIKE from a "hold" rating to a "buy" rating in a research report on Wednesday, October 1st. Jefferies Financial Group reaffirmed a "buy" rating and set a $115.00 target price on shares of NIKE in a research report on Monday, September 29th. KeyCorp set a $90.00 target price on NIKE and gave the stock an "overweight" rating in a research report on Thursday, October 2nd. Finally, Piper Sandler set a $84.00 target price on NIKE and gave the stock an "overweight" rating in a research report on Wednesday, October 1st. Three analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and eight have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, NIKE presently has a consensus rating of "Moderate Buy" and an average target price of $82.21.

Read Our Latest Research Report on NIKE

NIKE Trading Up 1.2%

Shares of NKE opened at $68.45 on Thursday. The company has a current ratio of 2.19, a quick ratio of 1.45 and a debt-to-equity ratio of 0.59. The firm has a market capitalization of $101.18 billion, a P/E ratio of 35.10, a price-to-earnings-growth ratio of 2.49 and a beta of 1.29. The stock's fifty day simple moving average is $73.38 and its 200 day simple moving average is $67.34. NIKE has a twelve month low of $52.28 and a twelve month high of $84.76.

NIKE (NYSE:NKE - Get Free Report) last issued 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 business had revenue of $11.72 billion for the quarter, compared to analyst estimates of $10.96 billion. NIKE had a return on equity of 21.16% and a net margin of 6.23%.The business's quarterly revenue was up 1.0% on a year-over-year basis. During the same period last year, the company posted $0.70 EPS.

Hedge Funds Weigh In On NIKE

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Stone House Investment Management LLC acquired a new position in shares of NIKE during the first quarter worth approximately $25,000. Mascoma Wealth Management LLC acquired a new position in shares of NIKE during the second quarter worth approximately $26,000. Halbert Hargrove Global Advisors LLC lifted its position in NIKE by 952.6% in the second quarter. Halbert Hargrove Global Advisors LLC now owns 400 shares of the footwear maker's stock worth $28,000 after purchasing an additional 362 shares during the period. Saudi Central Bank acquired a new stake in NIKE in the first quarter worth approximately $30,000. Finally, Matrix Trust Co lifted its position in NIKE by 53.1% in the second quarter. Matrix Trust Co now owns 441 shares of the footwear maker's stock worth $31,000 after purchasing an additional 153 shares during the period. 64.25% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other NIKE news, Chairman Mark G. Parker sold 86,078 shares of NIKE stock in a transaction that occurred on Thursday, August 14th. The stock was sold at an average price of $75.93, for a total value of $6,535,902.54. Following the completion of the transaction, the chairman directly owned 744,988 shares in the company, valued at $56,566,938.84. The trade was a 10.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Treasure Heinle sold 4,300 shares of NIKE stock in a transaction that occurred on Monday, October 6th. The shares were sold at an average price of $71.27, for a total value of $306,461.00. Following the completion of the transaction, the executive vice president owned 29,396 shares of the company's stock, valued at approximately $2,095,052.92. The trade was a 12.76% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 0.80% of the company's stock.

NIKE Announces Dividend

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 dividend on an annualized basis and a yield of 2.3%. The ex-dividend date was Tuesday, September 2nd. NIKE's payout ratio is presently 82.05%.

About NIKE

(Get Free Report)

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.

Featured Stories

Earnings History and Estimates for NIKE (NYSE:NKE)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in NIKE Right Now?

Before you consider NIKE, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and NIKE wasn't on the list.

While NIKE currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Analysts Agree—These Gold Picks Outshine the Rest Cover

Unlock the timeless value of gold with our exclusive 2025 Gold Forecasting Report. Explore why gold remains the ultimate investment for safeguarding wealth against inflation, economic shifts, and global uncertainties. Whether you're planning for future generations or seeking a reliable asset in turbulent times, this report is your essential guide to making informed decisions.

Get This Free Report
Like this article? Share it with a colleague.