Nike Inc (NYSE:NKE) – Research analysts at Piper Jaffray Companies dropped their Q1 2020 earnings per share estimates for shares of Nike in a research note issued on Thursday, March 21st. Piper Jaffray Companies analyst E. Murphy now forecasts that the footwear maker will post earnings of $0.79 per share for the quarter, down from their previous estimate of $0.81. Piper Jaffray Companies has a “Buy” rating and a $93.00 price target on the stock. Piper Jaffray Companies also issued estimates for Nike’s Q2 2020 earnings at $0.59 EPS, FY2020 earnings at $2.90 EPS, Q1 2021 earnings at $0.93 EPS, Q2 2021 earnings at $0.71 EPS, Q3 2021 earnings at $0.91 EPS and FY2021 earnings at $3.45 EPS.

Nike (NYSE:NKE) last issued its quarterly earnings results on Thursday, March 21st. The footwear maker reported $0.68 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.65 by $0.03. The company had revenue of $9.61 billion for the quarter, compared to analyst estimates of $9.60 billion. Nike had a net margin of 10.79% and a return on equity of 45.51%. The business’s revenue for the quarter was up 7.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.68 earnings per share.

A number of other analysts have also issued reports on NKE. Zacks Investment Research lowered shares of Nike from a “hold” rating to a “sell” rating in a research note on Tuesday, November 27th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $85.00 price target on shares of Nike in a research note on Monday, December 3rd. Jefferies Financial Group reiterated a “neutral” rating and set a $80.00 price target on shares of Nike in a research note on Tuesday, December 4th. Macquarie set a $98.00 price target on shares of Nike and gave the stock a “buy” rating in a research note on Tuesday, December 4th. Finally, Morgan Stanley set a $103.00 price target on shares of Nike and gave the stock a “buy” rating in a research note on Tuesday, December 11th. Three analysts have rated the stock with a sell rating, ten have given a hold rating and twenty-six have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $86.93.

Shares of NYSE:NKE opened at $82.19 on Monday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.40 and a current ratio of 2.14. The stock has a market cap of $129.35 billion, a price-to-earnings ratio of 33.96, a price-to-earnings-growth ratio of 2.53 and a beta of 0.68. Nike has a 1 year low of $63.21 and a 1 year high of $88.59.

A number of institutional investors have recently made changes to their positions in NKE. Next Capital Management LLC purchased a new position in Nike in the fourth quarter valued at approximately $26,000. Gemmer Asset Management LLC increased its stake in Nike by 54.2% in the fourth quarter. Gemmer Asset Management LLC now owns 427 shares of the footwear maker’s stock valued at $32,000 after purchasing an additional 150 shares during the last quarter. Clarfeld Financial Advisors LLC purchased a new position in Nike in the fourth quarter valued at approximately $34,000. Acima Private Wealth LLC purchased a new position in Nike in the fourth quarter valued at approximately $39,000. Finally, Proffitt & Goodson Inc. purchased a new position in Nike in the fourth quarter valued at approximately $44,000. Institutional investors own 64.77% of the company’s stock.

In other Nike news, EVP John F. Slusher sold 200,000 shares of the stock in a transaction that occurred on Wednesday, January 2nd. The shares were sold at an average price of $74.05, for a total value of $14,810,000.00. Following the transaction, the executive vice president now directly owns 284,805 shares in the company, valued at $21,089,810.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Mark G. Parker sold 150,000 shares of the stock in a transaction that occurred on Wednesday, January 2nd. The shares were sold at an average price of $73.68, for a total transaction of $11,052,000.00. Following the completion of the transaction, the chairman now owns 1,687,863 shares in the company, valued at $124,361,745.84. The disclosure for this sale can be found here. Insiders sold 816,500 shares of company stock worth $63,317,465 over the last quarter. 3.90% of the stock is currently owned by insiders.

The business also recently declared a quarterly dividend, which will be paid on Monday, April 1st. Shareholders of record on Monday, March 4th will be paid a $0.22 dividend. The ex-dividend date of this dividend is Friday, March 1st. This represents a $0.88 annualized dividend and a yield of 1.07%. Nike’s dividend payout ratio is currently 36.36%.

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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