Seaport Res Ptn Has Negative Outlook of NIKE FY2025 Earnings

NIKE, Inc. (NYSE:NKE) – Stock analysts at Seaport Res Ptn dropped their FY2025 earnings per share (EPS) estimates for NIKE in a research report issued to clients and investors on Friday, March 21st. Seaport Res Ptn analyst M. Kummetz now forecasts that the footwear maker will earn $2.08 per share for the year, down from their prior forecast of $2.12. The consensus estimate for NIKE’s current full-year earnings is $2.05 per share.

NIKE (NYSE:NKE) last announced its quarterly earnings results on Thursday, March 20th. The footwear maker reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.26. NIKE had a net margin of 9.98% and a return on equity of 36.99%. The company had revenue of $11.27 billion for the quarter, compared to analysts’ expectations of $11.02 billion. During the same quarter in the previous year, the company earned $0.98 earnings per share. NIKE’s quarterly revenue was down 9.1% on a year-over-year basis.

Other analysts also recently issued reports about the stock. JPMorgan Chase & Co. reduced their target price on shares of NIKE from $73.00 to $64.00 and set a “neutral” rating on the stock in a research report on Friday, March 21st. Jefferies Financial Group raised shares of NIKE from a “hold” rating to a “buy” rating and raised their target price for the company from $75.00 to $115.00 in a research note on Monday, February 24th. Cfra Research upgraded shares of NIKE to a “moderate buy” rating in a report on Friday, March 21st. Deutsche Bank Aktiengesellschaft cut their price target on NIKE from $92.00 to $82.00 and set a “buy” rating on the stock in a research note on Monday, December 16th. Finally, Telsey Advisory Group reiterated a “market perform” rating and set a $80.00 price objective on shares of NIKE in a research note on Monday, March 17th. Fifteen equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, NIKE presently has a consensus rating of “Moderate Buy” and a consensus price target of $87.38.

NIKE Price Performance

Shares of NKE stock opened at $66.64 on Monday. The business’s fifty day moving average is $74.52 and its 200 day moving average is $77.21. The company has a quick ratio of 1.51, a current ratio of 2.22 and a debt-to-equity ratio of 0.57. The stock has a market cap of $98.57 billion, a price-to-earnings ratio of 20.57, a PEG ratio of 2.52 and a beta of 1.02. NIKE has a twelve month low of $65.17 and a twelve month high of $98.04.

Hedge Funds Weigh In On NIKE

A number of hedge funds have recently made changes to their positions in NKE. Prostatis Group LLC raised its stake in NIKE by 29.9% during the 4th quarter. Prostatis Group LLC now owns 13,705 shares of the footwear maker’s stock valued at $1,037,000 after purchasing an additional 3,153 shares during the period. Centaurus Financial Inc. grew its holdings in NIKE by 9.6% during the 4th quarter. Centaurus Financial Inc. now owns 2,258 shares of the footwear maker’s stock valued at $171,000 after buying an additional 198 shares in the last quarter. Aegis Wealth Management LLC bought a new stake in shares of NIKE during the fourth quarter valued at approximately $295,000. Copia Wealth Management purchased a new position in shares of NIKE in the fourth quarter worth $358,000. Finally, Wood Tarver Financial Group LLC bought a new position in shares of NIKE during the fourth quarter worth $57,000. Institutional investors own 64.25% of the company’s stock.

Insiders Place Their Bets

In other news, Director John W. Rogers, Jr. purchased 2,500 shares of the company’s stock in a transaction on Friday, December 27th. The stock was acquired at an average cost of $76.65 per share, for a total transaction of $191,625.00. Following the completion of the transaction, the director now directly owns 34,403 shares in the company, valued at $2,636,989.95. This trade represents a 7.84 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Chairman Mark G. Parker sold 169,732 shares of the stock in a transaction on Friday, February 14th. The stock was sold at an average price of $72.83, for a total value of $12,361,581.56. Following the completion of the sale, the chairman now owns 896,632 shares of the company’s stock, valued at $65,301,708.56. The trade was a 15.92 % decrease in their position. The disclosure for this sale can be found here. Insiders own 1.10% of the company’s stock.

NIKE Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 3rd will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.60 annualized dividend and a yield of 2.40%. NIKE’s dividend payout ratio (DPR) is 53.16%.

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.