Brokers Issue Forecasts for NIKE FY2027 Earnings

NIKE, Inc. (NYSE:NKE) – Equities researchers at Telsey Advisory Group issued their FY2027 earnings estimates for shares of NIKE in a research report issued on Friday, December 20th. Telsey Advisory Group analyst C. Fernandez forecasts that the footwear maker will post earnings of $3.00 per share for the year. Telsey Advisory Group currently has a “Market Perform” rating and a $80.00 price target on the stock. The consensus estimate for NIKE’s current full-year earnings is $2.72 per share.

NIKE (NYSE:NKE) last announced its quarterly earnings results on Thursday, December 19th. The footwear maker reported $0.78 earnings per share for the quarter, topping analysts’ consensus estimates of $0.63 by $0.15. The company had revenue of $12.35 billion during the quarter, compared to analysts’ expectations of $12.11 billion. NIKE had a return on equity of 39.84% and a net margin of 10.60%. The business’s quarterly revenue was down 7.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.03 earnings per share.

A number of other equities analysts have also commented on NKE. Piper Sandler reissued a “neutral” rating and issued a $80.00 price target on shares of NIKE in a research report on Friday, September 20th. Sanford C. Bernstein lowered their target price on shares of NIKE from $112.00 to $109.00 and set an “outperform” rating on the stock in a research note on Thursday, September 19th. Royal Bank of Canada cut their target price on shares of NIKE from $82.00 to $80.00 and set a “sector perform” rating for the company in a research report on Thursday, November 7th. Jefferies Financial Group raised their price target on NIKE from $80.00 to $85.00 and gave the company a “hold” rating in a research report on Monday, September 30th. Finally, Truist Financial cut their price objective on NIKE from $97.00 to $90.00 and set a “buy” rating for the company in a research report on Friday. Fifteen research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $89.77.

NIKE Stock Down 0.2 %

NKE opened at $76.94 on Monday. The firm has a market cap of $115.36 billion, a P/E ratio of 22.05, a price-to-earnings-growth ratio of 1.89 and a beta of 1.02. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.58 and a current ratio of 2.36. The business has a 50 day moving average price of $78.07 and a 200 day moving average price of $80.55. NIKE has a twelve month low of $70.75 and a twelve month high of $123.30.

Institutional Investors Weigh In On NIKE

Several institutional investors and hedge funds have recently made changes to their positions in NKE. Teachers Insurance & Annuity Association of America acquired a new stake in shares of NIKE during the 3rd quarter worth about $30,000. VitalStone Financial LLC grew its stake in NIKE by 52.6% during the third quarter. VitalStone Financial LLC now owns 435 shares of the footwear maker’s stock worth $38,000 after buying an additional 150 shares during the last quarter. Dunhill Financial LLC raised its stake in shares of NIKE by 52.2% in the third quarter. Dunhill Financial LLC now owns 493 shares of the footwear maker’s stock valued at $44,000 after acquiring an additional 169 shares during the last quarter. Riverview Trust Co acquired a new position in shares of NIKE in the 3rd quarter worth approximately $52,000. Finally, Catalyst Capital Advisors LLC bought a new stake in NIKE during the 3rd quarter worth approximately $54,000. Institutional investors and hedge funds own 64.25% of the company’s stock.

NIKE Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Monday, December 2nd will be paid a dividend of $0.40 per share. This is a positive change from NIKE’s previous quarterly dividend of $0.37. This represents a $1.60 annualized dividend and a yield of 2.08%. The ex-dividend date of this dividend is Monday, December 2nd. NIKE’s dividend payout ratio is currently 45.85%.

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.