Seaport Res Ptn Forecasts NIKE’s FY2025 Earnings (NYSE:NKE)

NIKE, Inc. (NYSE:NKE) – Research analysts at Seaport Res Ptn upped their FY2025 earnings per share estimates for NIKE in a research note issued on Tuesday, June 24th. Seaport Res Ptn analyst M. Kummetz now anticipates that the footwear maker will earn $2.15 per share for the year, up from their prior estimate of $2.08. The consensus estimate for NIKE’s current full-year earnings is $2.05 per share. Seaport Res Ptn also issued estimates for NIKE’s Q4 2025 earnings at $0.12 EPS, FY2026 earnings at $2.14 EPS and FY2028 earnings at $3.74 EPS.

Other equities research analysts have also recently issued reports about the company. Truist Financial cut their target price on NIKE from $82.00 to $73.00 and set a “buy” rating on the stock in a research note on Tuesday, June 24th. The Goldman Sachs Group increased their price objective on NIKE from $72.00 to $81.00 and gave the company a “buy” rating in a research report on Friday. Wall Street Zen cut NIKE from a “hold” rating to a “sell” rating in a research report on Friday. China Renaissance began coverage on NIKE in a research report on Wednesday, March 19th. They set a “hold” rating on the stock. Finally, Citigroup increased their price objective on NIKE from $57.00 to $68.00 and gave the company a “neutral” rating in a research report on Friday. One investment analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, fourteen have issued a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, NIKE has a consensus rating of “Moderate Buy” and an average target price of $77.00.

NIKE Trading Up 15.3%

NYSE NKE opened at $72.09 on Friday. NIKE has a 12 month low of $52.28 and a 12 month high of $90.62. The stock has a market cap of $106.63 billion, a P/E ratio of 33.38, a P/E/G ratio of 2.64 and a beta of 1.21. The stock’s fifty day moving average price is $60.63 and its 200-day moving average price is $67.52. The company has a current ratio of 2.19, a quick ratio of 1.52 and a debt-to-equity ratio of 0.57.

NIKE (NYSE:NKE) last released its earnings results on Thursday, June 26th. The footwear maker reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.02. NIKE had a return on equity of 23.00% and a net margin of 6.95%. The firm had revenue of $11.10 billion for the quarter, compared to analysts’ expectations of $10.69 billion. During the same period in the prior year, the firm posted $0.99 earnings per share. The company’s quarterly revenue was down 11.9% on a year-over-year basis.

Institutional Trading of NIKE

Several institutional investors and hedge funds have recently added to or reduced their stakes in NKE. Goldman Sachs Group Inc. raised its stake in NIKE by 344.2% during the 1st quarter. Goldman Sachs Group Inc. now owns 26,698,835 shares of the footwear maker’s stock valued at $1,694,842,000 after purchasing an additional 20,688,013 shares during the period. Norges Bank bought a new stake in NIKE during the 4th quarter valued at approximately $1,126,288,000. Wellington Management Group LLP grew its holdings in NIKE by 24.9% during the 1st quarter. Wellington Management Group LLP now owns 45,383,916 shares of the footwear maker’s stock valued at $2,880,971,000 after buying an additional 9,043,180 shares in the last quarter. Jennison Associates LLC purchased a new position in NIKE during the 1st quarter valued at approximately $509,051,000. Finally, Nuveen LLC purchased a new position in NIKE during the 1st quarter valued at approximately $502,285,000. Institutional investors own 64.25% of the company’s stock.

Insider Transactions at NIKE

In other NIKE news, Director Robert Holmes Swan bought 8,600 shares of the firm’s stock in a transaction that occurred on Friday, April 4th. The shares were bought at an average price of $58.46 per share, with a total value of $502,756.00. Following the purchase, the director now owns 31,983 shares of the company’s stock, valued at $1,869,726.18. This trade represents a 36.78% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate 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, July 1st. Stockholders of record on Monday, June 2nd will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 2.22%. The ex-dividend date is Monday, June 2nd. NIKE’s dividend payout ratio (DPR) is currently 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.