What is Seaport Res Ptn’s Estimate for NIKE FY2025 Earnings?

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

Other equities research analysts also recently issued research reports about the company. Robert W. Baird cut their price objective on NIKE from $105.00 to $99.00 and set an “outperform” rating for the company in a report on Friday. Evercore ISI lowered their price objective on shares of NIKE from $105.00 to $97.00 and set an “outperform” rating on the stock in a research note on Monday, December 16th. Stifel Nicolaus cut their target price on shares of NIKE from $79.00 to $75.00 and set a “hold” rating for the company in a research note on Friday, December 20th. Telsey Advisory Group reissued a “market perform” rating and set a $80.00 price target on shares of NIKE in a research report on Monday, March 17th. Finally, Morgan Stanley cut their price objective on NIKE from $72.00 to $70.00 and set an “equal weight” rating for the company in a research report on Friday. Fifteen analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $87.38.

NIKE Stock Performance

Shares of NYSE NKE opened at $67.45 on Monday. The stock has a market capitalization of $99.76 billion, a PE ratio of 20.82, a price-to-earnings-growth ratio of 2.52 and a beta of 1.02. NIKE has a 52 week low of $65.17 and a 52 week high of $98.04. The stock has a 50 day moving average price of $74.61 and a 200 day moving average price of $77.31. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.51 and a current ratio of 2.22.

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

Hedge Funds Weigh In On NIKE

Hedge funds have recently modified their holdings of the business. Heck Capital Advisors LLC bought a new stake in shares of NIKE in the 4th quarter valued at about $28,000. Caitlin John LLC boosted its stake in shares of NIKE by 117.0% in the 4th quarter. Caitlin John LLC now owns 371 shares of the footwear maker’s stock valued at $28,000 after purchasing an additional 200 shares during the last quarter. Teachers Insurance & Annuity Association of America acquired a new stake in shares of NIKE during the third quarter worth $30,000. Roxbury Financial LLC acquired a new position in NIKE in the fourth quarter valued at $30,000. Finally, LFA Lugano Financial Advisors SA boosted its position in NIKE by 110.5% during the fourth quarter. LFA Lugano Financial Advisors SA now owns 400 shares of the footwear maker’s stock valued at $30,000 after acquiring an additional 210 shares during the last quarter. Institutional investors and hedge funds own 64.25% of the company’s stock.

Insider Buying and Selling at NIKE

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

NIKE Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 3rd will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.37%. The ex-dividend date of this dividend is Monday, March 3rd. NIKE’s payout ratio is 53.16%.

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.