NIKE, Inc. Forecasted to Post Q4 2024 Earnings of $0.87 Per Share (NYSE:NKE)

NIKE, Inc. (NYSE:NKE) – Stock analysts at Telsey Advisory Group dropped their Q4 2024 earnings per share (EPS) estimates for NIKE in a research report issued to clients and investors on Friday, June 21st. Telsey Advisory Group analyst C. Fernandez now forecasts that the footwear maker will earn $0.87 per share for the quarter, down from their prior forecast of $0.89. Telsey Advisory Group currently has a “Outperform” rating and a $115.00 price target on the stock. The consensus estimate for NIKE’s current full-year earnings is $3.76 per share. Telsey Advisory Group also issued estimates for NIKE’s Q1 2025 earnings at $0.91 EPS and FY2025 earnings at $4.00 EPS.

Several other brokerages have also recently issued reports on NKE. Morgan Stanley reduced their price target on shares of NIKE from $116.00 to $114.00 and set an “overweight” rating on the stock in a research report on Monday, June 17th. Oppenheimer raised NIKE from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $110.00 to $120.00 in a research report on Friday. Wells Fargo & Company lowered their target price on NIKE from $120.00 to $115.00 and set an “overweight” rating for the company in a research note on Monday, June 10th. JPMorgan Chase & Co. reduced their price target on NIKE from $122.00 to $116.00 and set an “overweight” rating on the stock in a research note on Thursday, June 20th. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $100.00 price objective (down previously from $110.00) on shares of NIKE in a research report on Friday, March 22nd. Two investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $114.81.

NIKE Stock Down 0.0 %

Shares of NYSE NKE opened at $97.18 on Monday. The firm has a fifty day simple moving average of $93.68 and a two-hundred day simple moving average of $99.67. NIKE has a 12 month low of $88.66 and a 12 month high of $123.39. The company has a current ratio of 2.74, a quick ratio of 1.89 and a debt-to-equity ratio of 0.63. The firm has a market capitalization of $146.67 billion, a PE ratio of 28.58, a price-to-earnings-growth ratio of 1.80 and a beta of 1.05.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NKE. Iron Horse Wealth Management LLC boosted its position in shares of NIKE by 120.7% during the fourth quarter. Iron Horse Wealth Management LLC now owns 256 shares of the footwear maker’s stock worth $28,000 after acquiring an additional 140 shares during the last quarter. Annapolis Financial Services LLC boosted its holdings in shares of NIKE by 440.0% during the 1st quarter. Annapolis Financial Services LLC now owns 270 shares of the footwear maker’s stock valued at $25,000 after purchasing an additional 220 shares during the last quarter. Planned Solutions Inc. purchased a new position in shares of NIKE during the fourth quarter valued at about $29,000. True Wealth Design LLC increased its holdings in shares of NIKE by 106.4% in the fourth quarter. True Wealth Design LLC now owns 291 shares of the footwear maker’s stock worth $32,000 after purchasing an additional 150 shares during the last quarter. Finally, Core Wealth Advisors Inc. lifted its position in shares of NIKE by 408.5% in the fourth quarter. Core Wealth Advisors Inc. now owns 300 shares of the footwear maker’s stock worth $33,000 after buying an additional 241 shares in the last quarter. 64.25% of the stock is currently owned by institutional investors.

Insider Activity

In related news, VP Johanna Nielsen sold 282 shares of the firm’s stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $93.64, for a total value of $26,406.48. Following the sale, the vice president now owns 730 shares in the company, valued at $68,357.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, EVP Monique S. Matheson sold 45,000 shares of the stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $94.16, for a total value of $4,237,200.00. Following the completion of the sale, the executive vice president now directly owns 44,997 shares of the company’s stock, valued at approximately $4,236,917.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Johanna Nielsen sold 282 shares of the firm’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $93.64, for a total transaction of $26,406.48. Following the sale, the vice president now owns 730 shares in the company, valued at $68,357.20. The disclosure for this sale can be found here. Insiders have sold a total of 213,660 shares of company stock valued at $19,946,333 in the last 90 days. 0.50% of the stock is currently owned by insiders.

NIKE Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Shareholders of record on Monday, June 3rd will be paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 1.52%. The ex-dividend date is Monday, June 3rd. NIKE’s dividend payout ratio is currently 43.53%.

NIKE Company Profile

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.