Telsey Advisory Group Weighs in on NIKE FY2027 Earnings

NIKE, Inc. (NYSE:NKE) – Analysts at Telsey Advisory Group issued their FY2027 earnings per share estimates for NIKE in a report released on Friday, December 20th. Telsey Advisory Group analyst C. Fernandez expects that the footwear maker will earn $3.00 per share for the year. Telsey Advisory Group has a “Market Perform” rating and a $80.00 price target on the stock. The consensus estimate for NIKE’s current full-year earnings is $2.72 per share.

NIKE (NYSE:NKE) last released its earnings results on Thursday, December 19th. The footwear maker reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.15. NIKE had a net margin of 10.60% and a return on equity of 39.84%. The business had revenue of $12.35 billion for the quarter, compared to analyst estimates of $12.11 billion. During the same quarter in the previous year, the business earned $1.03 earnings per share. NIKE’s revenue for the quarter was down 7.7% on a year-over-year basis.

A number of other analysts have also commented on NKE. Wells Fargo & Company decreased their target price on NIKE from $95.00 to $92.00 and set an “overweight” rating for the company in a research report on Monday, December 16th. UBS Group decreased their price objective on NIKE from $80.00 to $73.00 and set a “neutral” rating for the company in a report on Friday. TD Cowen dropped their price objective on shares of NIKE from $78.00 to $73.00 and set a “hold” rating on the stock in a report on Monday, November 18th. Guggenheim reduced their target price on shares of NIKE from $115.00 to $110.00 and set a “buy” rating for the company in a research note on Wednesday, October 2nd. Finally, JPMorgan Chase & Co. reduced their price objective on shares of NIKE from $77.00 to $73.00 and set a “neutral” rating for the company in a research note on Monday, December 2nd. Fifteen analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, NIKE presently has a consensus rating of “Moderate Buy” and a consensus target price of $89.58.

NIKE Price Performance

NIKE stock opened at $76.76 on Monday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.58 and a current ratio of 2.36. The stock has a market capitalization of $115.09 billion, a price-to-earnings ratio of 21.99, a PEG ratio of 1.89 and a beta of 1.02. The stock’s 50 day moving average price is $78.07 and its two-hundred day moving average price is $80.46. NIKE has a 52-week low of $70.75 and a 52-week high of $109.96.

NIKE Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Monday, December 2nd will be issued a $0.40 dividend. The ex-dividend date is Monday, December 2nd. This is a positive change from NIKE’s previous quarterly dividend of $0.37. This represents a $1.60 annualized dividend and a yield of 2.08%. NIKE’s dividend payout ratio is 49.38%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in NKE. Teachers Insurance & Annuity Association of America purchased a new stake in shares of NIKE in the 3rd quarter worth approximately $30,000. VitalStone Financial LLC raised its stake in shares of NIKE by 52.6% in the third quarter. VitalStone Financial LLC now owns 435 shares of the footwear maker’s stock worth $38,000 after purchasing an additional 150 shares during the last quarter. Dunhill Financial LLC increased its holdings in NIKE by 52.2% in the 3rd quarter. Dunhill Financial LLC now owns 493 shares of the footwear maker’s stock worth $44,000 after buying an additional 169 shares in the last quarter. Strategic Financial Concepts LLC bought a new stake in shares of NIKE in the second quarter worth approximately $48,000. Finally, Ecofi Investissements SA bought a new position in NIKE during the second quarter valued at approximately $49,000. Hedge funds and other institutional investors own 64.25% of the company’s stock.

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.