Zacks Research Has Negative Estimate for NIKE Q2 Earnings

NIKE, Inc. (NYSE:NKE) – Analysts at Zacks Research dropped their Q2 2026 earnings per share (EPS) estimates for NIKE in a report issued on Thursday, January 2nd. Zacks Research analyst R. Lohia now anticipates that the footwear maker will post earnings of $0.75 per share for the quarter, down from their previous forecast of $0.78. The consensus estimate for NIKE’s current full-year earnings is $2.72 per share.

Other analysts have also recently issued reports about the company. Daiwa America cut NIKE from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, September 11th. JPMorgan Chase & Co. lowered their price target on shares of NIKE from $77.00 to $73.00 and set a “neutral” rating for the company in a research report on Monday, December 2nd. Morgan Stanley cut their price objective on shares of NIKE from $80.00 to $74.00 and set an “equal weight” rating on the stock in a research report on Friday, December 20th. Needham & Company LLC restated a “buy” rating and issued a $84.00 target price on shares of NIKE in a research report on Friday, December 20th. Finally, Sanford C. Bernstein cut their price target on NIKE from $112.00 to $109.00 and set an “outperform” rating on the stock in a report on Thursday, September 19th. Fifteen analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $89.58.

NIKE Price Performance

NKE opened at $72.05 on Monday. The company has a quick ratio of 1.58, a current ratio of 2.36 and a debt-to-equity ratio of 0.57. The company’s 50-day moving average price is $76.77 and its 200 day moving average price is $78.93. NIKE has a fifty-two week low of $70.75 and a fifty-two week high of $107.43. The firm has a market cap of $108.03 billion, a price-to-earnings ratio of 20.64, a price-to-earnings-growth ratio of 1.89 and a beta of 1.02.

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

Institutional Investors Weigh In On NIKE

Large investors have recently made changes to their positions in the company. Teachers Insurance & Annuity Association of America acquired a new stake in NIKE in the third quarter valued at approximately $30,000. VitalStone Financial LLC increased its stake in shares of NIKE by 52.6% during the 3rd quarter. VitalStone Financial LLC now owns 435 shares of the footwear maker’s stock worth $38,000 after purchasing an additional 150 shares during the last quarter. Dunhill Financial LLC raised its holdings in shares of NIKE by 52.2% during the 3rd quarter. Dunhill Financial LLC now owns 493 shares of the footwear maker’s stock valued at $44,000 after purchasing an additional 169 shares in the last quarter. Strategic Financial Concepts LLC acquired a new stake in shares of NIKE in the 2nd quarter valued at $48,000. Finally, Ecofi Investissements SA bought a new stake in NIKE in the second quarter worth $49,000. Institutional investors own 64.25% of the company’s stock.

Insider Buying and Selling

In other news, Director John W. Rogers, Jr. bought 2,500 shares of the stock in a transaction on Friday, December 27th. The shares were purchased at an average price of $76.65 per share, for a total transaction of $191,625.00. Following the completion of the purchase, the director now directly owns 34,403 shares of the company’s stock, valued at $2,636,989.95. This trade represents a 7.84 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.10% of the stock is currently owned by corporate insiders.

NIKE Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Monday, December 2nd were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.22%. This is a positive change from NIKE’s previous quarterly dividend of $0.37. The ex-dividend date of this dividend was Monday, December 2nd. NIKE’s dividend payout ratio is 49.38%.

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.