Zacks Research Has Negative Outlook for NIKE Q2 Earnings

NIKE, Inc. (NYSE:NKE) – Stock analysts at Zacks Research lowered their Q2 2026 earnings per share (EPS) estimates for shares of NIKE in a research note issued to investors on Thursday, January 2nd. Zacks Research analyst R. Lohia now anticipates that the footwear maker will earn $0.75 per share for the quarter, down from their prior estimate of $0.78. The consensus estimate for NIKE’s current full-year earnings is $2.72 per share.

Other equities analysts have also issued research reports about the company. TD Cowen dropped their price objective on NIKE from $78.00 to $73.00 and set a “hold” rating on the stock in a report on Monday, November 18th. Robert W. Baird dropped their price target on NIKE from $110.00 to $105.00 and set an “outperform” rating on the stock in a research note on Monday, December 23rd. Morgan Stanley cut their price target on NIKE from $80.00 to $74.00 and set an “equal weight” rating on the stock in a research report on Friday, December 20th. Bank of America decreased their price objective on NIKE from $95.00 to $90.00 and set a “buy” rating for the company in a report on Friday, December 20th. Finally, Stifel Nicolaus reduced their price target on shares of NIKE from $79.00 to $75.00 and set a “hold” rating for the company in a research report on Friday, December 20th. Fifteen investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $89.58.

NIKE Trading Up 0.2 %

NYSE NKE opened at $72.15 on Monday. The firm’s fifty day moving average price is $76.65 and its 200 day moving average price is $78.75. NIKE has a 12 month low of $70.75 and a 12 month high of $107.43. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.36 and a quick ratio of 1.58. The company has a market capitalization of $108.18 billion, a price-to-earnings ratio of 20.67, a price-to-earnings-growth ratio of 1.89 and a beta of 1.02.

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

NIKE Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Monday, December 2nd were issued a $0.40 dividend. 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. This represents a $1.60 annualized dividend and a yield of 2.22%. NIKE’s dividend payout ratio is 49.38%.

Insider Activity

In related news, Director John W. Rogers, Jr. acquired 2,500 shares of the business’s stock in a transaction that occurred on Friday, December 27th. The stock was purchased at an average cost of $76.65 per share, for a total transaction of $191,625.00. Following the transaction, the director now directly owns 34,403 shares of the company’s stock, valued at approximately $2,636,989.95. This trade represents a 7.84 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.10% of the company’s stock.

Hedge Funds Weigh In On NIKE

Several hedge funds have recently bought and sold shares of NKE. Victory Capital Management Inc. raised its position in shares of NIKE by 11.1% in the second quarter. Victory Capital Management Inc. now owns 711,351 shares of the footwear maker’s stock valued at $53,615,000 after buying an additional 70,903 shares during the last quarter. New York Life Investment Management LLC lifted its stake in shares of NIKE by 0.5% during the 2nd quarter. New York Life Investment Management LLC now owns 189,092 shares of the footwear maker’s stock worth $14,252,000 after purchasing an additional 1,025 shares during the period. Private Advisor Group LLC boosted its holdings in shares of NIKE by 17.3% during the second quarter. Private Advisor Group LLC now owns 73,166 shares of the footwear maker’s stock worth $5,515,000 after purchasing an additional 10,794 shares during the last quarter. Lake Street Advisors Group LLC boosted its holdings in shares of NIKE by 8.0% during the second quarter. Lake Street Advisors Group LLC now owns 11,737 shares of the footwear maker’s stock worth $888,000 after purchasing an additional 874 shares during the last quarter. Finally, Illinois Municipal Retirement Fund grew its position in shares of NIKE by 28.2% in the second quarter. Illinois Municipal Retirement Fund now owns 160,133 shares of the footwear maker’s stock valued at $12,069,000 after purchasing an additional 35,253 shares during the period. Hedge funds and other institutional investors own 64.25% of the company’s stock.

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.