Nike Inc (NYSE:NKE) – Equities researchers at Jefferies Financial Group issued their Q1 2021 EPS estimates for shares of Nike in a research note issued to investors on Friday, June 26th. Jefferies Financial Group analyst R. Konik forecasts that the footwear maker will post earnings of $0.43 per share for the quarter. Jefferies Financial Group currently has a “Hold” rating and a $95.00 price target on the stock. Jefferies Financial Group also issued estimates for Nike’s Q2 2021 earnings at $0.51 EPS, Q3 2021 earnings at $0.88 EPS, Q4 2021 earnings at $0.30 EPS, FY2021 earnings at $2.12 EPS and FY2022 earnings at $3.16 EPS.

Nike (NYSE:NKE) last announced its quarterly earnings data on Thursday, June 25th. The footwear maker reported ($0.51) EPS for the quarter, missing the Zacks’ consensus estimate of $0.02 by ($0.53). Nike had a return on equity of 31.93% and a net margin of 6.79%. The company had revenue of $6.31 billion for the quarter, compared to analysts’ expectations of $7.26 billion. During the same quarter in the previous year, the business posted $0.62 EPS. The business’s quarterly revenue was down 38.0% compared to the same quarter last year.

A number of other equities analysts also recently commented on NKE. DZ Bank reiterated a “sell” rating on shares of Nike in a research report on Friday. Needham & Company LLC lifted their target price on Nike from $80.00 to $113.00 and gave the company a “buy” rating in a research report on Tuesday, June 23rd. Wells Fargo & Co lifted their target price on Nike from $99.00 to $110.00 and gave the company an “overweight” rating in a research report on Friday. Morgan Stanley lifted their target price on Nike from $92.00 to $119.00 and gave the company an “overweight” rating in a research report on Wednesday, June 24th. Finally, Susquehanna Bancshares lifted their target price on Nike from $100.00 to $130.00 and gave the company a “positive” rating in a research report on Monday, June 22nd. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and twenty-seven have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $108.96.

Shares of Nike stock opened at $95.87 on Monday. Nike has a one year low of $60.00 and a one year high of $105.62. The company has a market cap of $148.25 billion, a price-to-earnings ratio of 60.68, a PEG ratio of 3.05 and a beta of 0.78. The company has a debt-to-equity ratio of 0.69, a quick ratio of 1.20 and a current ratio of 1.90. The business’s 50 day moving average price is $96.23 and its 200 day moving average price is $93.53.

Large investors have recently added to or reduced their stakes in the company. Sowa Financial Group Inc. acquired a new position in shares of Nike during the 4th quarter worth about $27,000. Kessler Investment Group LLC purchased a new stake in shares of Nike in the 1st quarter valued at about $27,000. Stuart Chaussee & Associates Inc. lifted its holdings in shares of Nike by 668.9% in the 1st quarter. Stuart Chaussee & Associates Inc. now owns 346 shares of the footwear maker’s stock valued at $29,000 after purchasing an additional 301 shares during the last quarter. PSI Advisors LLC purchased a new stake in shares of Nike in the 4th quarter valued at about $37,000. Finally, Benjamin Edwards Inc. lifted its holdings in shares of Nike by 100.5% in the 1st quarter. Benjamin Edwards Inc. now owns 399 shares of the footwear maker’s stock valued at $33,000 after purchasing an additional 200 shares during the last quarter. 64.54% of the stock is owned by institutional investors and hedge funds.

In other news, Chairman Mark G. Parker sold 165,000 shares of the company’s stock in a transaction dated Monday, June 1st. The stock was sold at an average price of $99.14, for a total transaction of $16,358,100.00. Following the completion of the transaction, the chairman now directly owns 2,012,954 shares of the company’s stock, valued at approximately $199,564,259.56. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director John W. Rogers, Jr. acquired 1,000 shares of the stock in a transaction dated Friday, April 3rd. The shares were acquired at an average cost of $84.63 per share, with a total value of $84,630.00. Following the completion of the transaction, the director now owns 12,851 shares in the company, valued at approximately $1,087,580.13. The disclosure for this purchase can be found here. Insiders have sold a total of 236,000 shares of company stock valued at $23,228,100 over the last three months. 3.80% of the stock is currently owned by insiders.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Monday, June 1st will be paid a dividend of $0.245 per share. The ex-dividend date of this dividend is Friday, May 29th. This represents a $0.98 annualized dividend and a yield of 1.02%. Nike’s payout ratio is 52.97%.

Nike Company Profile

NIKE, Inc, together with its subsidiaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, and accessories worldwide. The company offers NIKE brand products in six categories: running, NIKE basketball, the Jordan brand, football, training, and sportswear. It also markets products designed for kids, as well as for other athletic and recreational uses, such as American football, baseball, cricket, lacrosse, skateboarding, tennis, volleyball, wrestling, walking, and outdoor activities; and apparel with licensed college and professional team and league logos, as well as sells sports apparel.

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Earnings History and Estimates for Nike (NYSE:NKE)

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