Nike Inc (NYSE:NKE) – Stock analysts at Jefferies Financial Group issued their Q1 2021 earnings per share (EPS) estimates for shares of Nike in a report released on Friday, June 26th. Jefferies Financial Group analyst R. Konik anticipates 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 target price 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 released its quarterly earnings data on Thursday, June 25th. The footwear maker reported ($0.51) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.02 by ($0.53). Nike had a net margin of 6.79% and a return on equity of 31.93%. The business had revenue of $6.31 billion during the quarter, compared to analyst estimates of $7.26 billion. During the same period in the previous year, the firm posted $0.62 EPS. The firm’s revenue for the quarter was down 38.0% on a year-over-year basis.
Several other research analysts also recently issued reports on NKE. Credit Suisse Group dropped their price objective on shares of Nike from $114.00 to $111.00 and set an “outperform” rating on the stock in a report on Friday. JPMorgan Chase & Co. reissued a “buy” rating and issued a $118.00 target price on shares of Nike in a research note on Friday. Wedbush reaffirmed an “outperform” rating and set a $107.00 price objective on shares of Nike in a research note on Friday. DZ Bank reaffirmed a “sell” rating on shares of Nike in a research note on Friday. Finally, Barclays upped their target price on shares of Nike from $92.00 to $118.00 and gave the stock an “overweight” rating in a research report on Friday. Three analysts have rated the stock with a sell rating, seven have issued a hold rating and twenty-seven have assigned a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $108.96.
NKE stock opened at $95.87 on Monday. The firm has a market cap of $148.25 billion, a PE ratio of 60.68, a PEG ratio of 3.05 and a beta of 0.78. The company has a current ratio of 1.90, a quick ratio of 1.20 and a debt-to-equity ratio of 0.69. Nike has a 1 year low of $60.00 and a 1 year high of $105.62. The company has a fifty day simple moving average of $96.23 and a 200 day simple moving average of $93.53.
A number of hedge funds have recently made changes to their positions in the business. Norges Bank acquired a new stake in shares of Nike during the 4th quarter worth about $1,314,457,000. Fisher Asset Management LLC lifted its stake in shares of Nike by 19,144.2% during the 1st quarter. Fisher Asset Management LLC now owns 5,892,758 shares of the footwear maker’s stock worth $487,567,000 after buying an additional 5,862,137 shares during the last quarter. Morgan Stanley lifted its stake in shares of Nike by 34.4% during the 1st quarter. Morgan Stanley now owns 20,528,550 shares of the footwear maker’s stock worth $1,698,534,000 after buying an additional 5,256,195 shares during the last quarter. Alliancebernstein L.P. lifted its stake in shares of Nike by 36.5% during the 4th quarter. Alliancebernstein L.P. now owns 15,559,748 shares of the footwear maker’s stock worth $1,576,358,000 after buying an additional 4,159,675 shares during the last quarter. Finally, Fundsmith LLP acquired a new stake in shares of Nike during the 1st quarter worth about $191,903,000. Hedge funds and other institutional investors own 64.54% of the company’s stock.
In other Nike news, Chairman Mark G. Parker sold 165,000 shares of the stock in a transaction on Monday, June 1st. The shares were sold at an average price of $99.14, for a total value of $16,358,100.00. Following the completion of the sale, the chairman now owns 2,012,954 shares in the company, valued at $199,564,259.56. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director John W. Rogers, Jr. purchased 1,000 shares of the business’s stock in a transaction on Friday, April 3rd. The stock was purchased at an average price of $84.63 per share, with a total value of $84,630.00. Following the purchase, the director now owns 12,851 shares of the company’s stock, valued at $1,087,580.13. The disclosure for this purchase can be found here. In the last ninety days, insiders sold 236,000 shares of company stock valued at $23,228,100. 3.80% of the stock is owned by insiders.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Monday, June 1st will be given a $0.245 dividend. This represents a $0.98 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date is Friday, May 29th. Nike’s dividend payout ratio (DPR) is currently 52.97%.
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.
Further Reading: Why Invest in High-Yield Dividend Stocks?
Receive News & Ratings for Nike Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Nike and related companies with MarketBeat.com's FREE daily email newsletter.