Q1 2025 EPS Estimates for NIKE, Inc. Lowered by Analyst (NYSE:NKE)

NIKE, Inc. (NYSE:NKE) – Analysts at Wedbush cut their Q1 2025 earnings per share estimates for NIKE in a research note issued on Tuesday, April 30th. Wedbush analyst T. Nikic now forecasts that the footwear maker will post earnings of $0.84 per share for the quarter, down from their prior estimate of $0.85. Wedbush has a “Outperform” rating and a $115.00 price objective on the stock. The consensus estimate for NIKE’s current full-year earnings is $3.73 per share.

NIKE (NYSE:NKE) last issued its earnings results on Thursday, March 21st. The footwear maker reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.29. The business had revenue of $12.43 billion during the quarter, compared to analysts’ expectations of $12.28 billion. NIKE had a return on equity of 39.41% and a net margin of 10.14%.

A number of other analysts have also recently weighed in on the stock. Wells Fargo & Company decreased their price target on shares of NIKE from $125.00 to $120.00 and set an “overweight” rating for the company in a research report on Friday, March 22nd. Piper Sandler lowered their target price on NIKE from $107.00 to $98.00 and set a “neutral” rating for the company in a research note on Friday, March 22nd. Robert W. Baird reduced their price target on NIKE from $140.00 to $125.00 and set an “outperform” rating on the stock in a research report on Friday, March 22nd. Jefferies Financial Group lowered their price objective on shares of NIKE from $110.00 to $100.00 and set a “hold” rating for the company in a research report on Friday, March 22nd. Finally, HSBC reduced their target price on shares of NIKE from $120.00 to $115.00 and set a “hold” rating on the stock in a research report on Monday, January 22nd. Two research analysts have rated the stock with a sell rating, ten have assigned a hold rating and twenty have issued a buy rating to the stock. Based on data from MarketBeat.com, NIKE presently has an average rating of “Moderate Buy” and a consensus target price of $116.26.

NIKE Trading Down 2.1 %

Shares of NKE stock opened at $90.32 on Wednesday. NIKE has a fifty-two week low of $88.66 and a fifty-two week high of $128.38. The firm’s 50 day moving average price is $96.25 and its two-hundred day moving average price is $103.19. The stock has a market cap of $136.32 billion, a price-to-earnings ratio of 26.56, a price-to-earnings-growth ratio of 1.81 and a beta of 1.08. The company has a quick ratio of 1.89, a current ratio of 2.74 and a debt-to-equity ratio of 0.63.

NIKE Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Monday, March 4th were given a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 1.64%. The ex-dividend date of this dividend was Friday, March 1st. NIKE’s dividend payout ratio is presently 43.53%.

Institutional Investors Weigh In On NIKE

Hedge funds have recently added to or reduced their stakes in the stock. Norges Bank bought a new stake in NIKE in the 4th quarter valued at about $1,315,097,000. Price T Rowe Associates Inc. MD increased its position in NIKE by 87.5% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 17,135,431 shares of the footwear maker’s stock valued at $1,860,395,000 after acquiring an additional 7,996,434 shares during the period. Capital International Investors raised its stake in NIKE by 34.9% during the 4th quarter. Capital International Investors now owns 27,609,613 shares of the footwear maker’s stock valued at $2,997,628,000 after acquiring an additional 7,143,775 shares in the last quarter. Newport Trust Company LLC bought a new stake in shares of NIKE during the third quarter valued at about $679,775,000. Finally, Flossbach Von Storch AG lifted its stake in shares of NIKE by 433.5% in the 3rd quarter. Flossbach Von Storch AG now owns 4,128,587 shares of the footwear maker’s stock worth $394,775,000 after acquiring an additional 3,354,677 shares during the period. 64.25% of the stock is currently owned by institutional investors.

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.