NIKE (NYSE:NKE) Posts Quarterly Earnings Results, Beats Estimates By $0.59 EPS

NIKE (NYSE:NKE) issued its quarterly earnings data on Tuesday. The footwear maker reported $0.72 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.13 by $0.59, FiscalAI reports. NIKE had a net margin of 4.84% and a return on equity of 16.41%. The business had revenue of $10.97 billion during the quarter, compared to analyst estimates of $10.85 billion.

NIKE Trading Down 1.0%

Shares of NKE traded down $0.40 during trading hours on Tuesday, hitting $41.08. 49,097,643 shares of the stock were exchanged, compared to its average volume of 20,524,809. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.14 and a quick ratio of 1.45. The firm has a market capitalization of $60.84 billion, a P/E ratio of 27.21, a price-to-earnings-growth ratio of 1.77 and a beta of 1.12. The business has a 50-day moving average of $44.11 and a 200-day moving average of $53.74. NIKE has a fifty-two week low of $40.00 and a fifty-two week high of $80.17.

NIKE Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Monday, June 1st will be given a dividend of $0.41 per share. The ex-dividend date is Monday, June 1st. This represents a $1.64 annualized dividend and a dividend yield of 4.0%. NIKE’s dividend payout ratio is 108.61%.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on NKE shares. CICC Research lowered shares of NIKE from an “outperform” rating to a “market perform” rating and reduced their target price for the stock from $69.00 to $58.00 in a report on Monday, April 6th. DA Davidson downgraded shares of NIKE from a “buy” rating to a “neutral” rating and dropped their price target for the company from $72.00 to $46.00 in a research note on Thursday, April 2nd. BTIG Research reiterated a “buy” rating and set a $55.00 price target (down from $75.00) on shares of NIKE in a report on Thursday, June 25th. Citigroup reissued a “neutral” rating on shares of NIKE in a research note on Wednesday, June 24th. Finally, Oppenheimer decreased their price objective on NIKE to $60.00 and set an “outperform” rating for the company in a report on Friday. Fourteen investment analysts have rated the stock with a Buy rating, nineteen have assigned a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, NIKE has a consensus rating of “Hold” and a consensus target price of $58.86.

NIKE News Summary

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: Some investors are still betting Nike’s turnaround can work, with bullish commentary pointing to the company’s brand strength, premium pricing strategy, and opportunities to regain momentum if margins and demand improve.
• Positive Sentiment: Analysts expect Nike to eventually benefit from gross margin recovery later this year, which could support a rebound if the company shows signs that inventory and pricing trends are stabilizing.
• Neutral Sentiment: NIKE is scheduled to report fiscal Q4 results after the close, and consensus calls for EPS of about $0.13 on revenue of roughly $10.86 billion; the report itself is the biggest near-term catalyst. Article Title
• Neutral Sentiment: Retail traders appear more constructive than some institutional analysts, but the stock is still trading like a turnaround story and remains highly sensitive to any surprise in guidance or commentary. Article Title
• Negative Sentiment: JPMorgan lowered its price target on Nike to $47 and kept a neutral rating, reflecting ongoing skepticism about the pace of a recovery.
• Negative Sentiment: KeyCorp also cut its earnings estimates for both Q4 and FY2027, signaling that expectations are still moving lower ahead of the print.
• Negative Sentiment: Recent articles highlighted continued concerns about declining profits, weak China demand, and market-share losses, reinforcing the market’s cautious stance on the stock.

Insider Activity

In other NIKE news, Director Timothy D. Cook bought 25,000 shares of the business’s stock in a transaction that occurred on Friday, April 10th. The shares were bought at an average price of $42.43 per share, for a total transaction of $1,060,750.00. Following the transaction, the director directly owned 130,480 shares in the company, valued at approximately $5,536,266.40. This trade represents a 23.70% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Elliott Hill bought 23,660 shares of the firm’s stock in a transaction that occurred on Monday, April 13th. The shares were acquired at an average cost of $42.27 per share, with a total value of $1,000,108.20. Following the purchase, the chief executive officer directly owned 265,247 shares of the company’s stock, valued at $11,211,990.69. This trade represents a 9.79% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders acquired 64,441 shares of company stock worth $2,734,204. 0.80% of the stock is owned by insiders.

Institutional Trading of NIKE

Several hedge funds have recently modified their holdings of the stock. J.Safra Asset Management Corp acquired a new position in shares of NIKE during the 4th quarter valued at $29,000. Kemnay Advisory Services Inc. bought a new stake in NIKE in the fourth quarter valued at $30,000. Prosperity Bancshares Inc acquired a new position in shares of NIKE during the fourth quarter valued at about $32,000. Litman Gregory Wealth Management LLC acquired a new position in shares of NIKE during the fourth quarter valued at about $32,000. Finally, Jessup Wealth Management Inc bought a new position in shares of NIKE during the 4th quarter worth about $38,000. Institutional investors own 64.25% of the company’s stock.

NIKE Company Profile

Nike, Inc (NYSE: NKE) is a global designer, marketer and distributor of athletic footwear, apparel, equipment and accessories. Founded in 1964 as Blue Ribbon Sports by Phil Knight and Bill Bowerman and renamed Nike in 1971, the company is headquartered near Beaverton, Oregon. Nike develops and commercializes products across performance and lifestyle categories for sports including running, basketball, soccer and training, and is known for signature technologies and design-driven product lines.

The company markets products under several primary brands, including Nike, Jordan and Converse, and sells through a combination of wholesale relationships, branded retail stores and direct-to-consumer channels such as company-operated stores and digital platforms (e.g., Nike.com and mobile apps).