NIKE (NKE) Projected to Post Quarterly Earnings on Thursday

NIKE (NYSE:NKE) is expected to issue its quarterly earnings data after the market closes on Thursday, March 20th. Analysts expect the company to announce earnings of $0.28 per share and revenue of $11.02 billion for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

NIKE (NYSE:NKE) last released its earnings results on Thursday, December 19th. The footwear maker reported $0.78 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.15. NIKE had a net margin of 9.98% and a return on equity of 36.99%. The company had revenue of $12.35 billion for the quarter, compared to analysts’ expectations of $12.11 billion. During the same quarter last year, the business earned $1.03 EPS. The firm’s revenue was down 7.7% compared to the same quarter last year. On average, analysts expect NIKE to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

NIKE Price Performance

NYSE NKE opened at $73.28 on Wednesday. NIKE has a 12 month low of $68.62 and a 12 month high of $101.92. The stock has a market cap of $108.38 billion, a price-to-earnings ratio of 22.62, a PEG ratio of 2.52 and a beta of 1.02. The company’s 50 day moving average is $74.73 and its two-hundred day moving average is $77.64. The company has a current ratio of 2.22, a quick ratio of 1.51 and a debt-to-equity ratio of 0.57.

NIKE Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 3rd will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 2.18%. The ex-dividend date is Monday, March 3rd. NIKE’s payout ratio is currently 49.38%.

Analyst Ratings Changes

NKE has been the topic of several recent analyst reports. Stifel Nicolaus reduced their price objective on shares of NIKE from $79.00 to $75.00 and set a “hold” rating on the stock in a research report on Friday, December 20th. Truist Financial reduced their price objective on shares of NIKE from $97.00 to $90.00 and set a “buy” rating on the stock in a research report on Friday, December 20th. Dbs Bank upgraded shares of NIKE from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 5th. Guggenheim reiterated a “buy” rating and set a $110.00 price objective on shares of NIKE in a research report on Wednesday, February 12th. Finally, DA Davidson upgraded shares of NIKE to a “strong-buy” rating in a research report on Monday, December 23rd. Fourteen investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $89.54.

Insider Activity

In other news, Chairman Mark G. Parker sold 169,732 shares of the business’s stock in a transaction on Friday, February 14th. The shares were sold at an average price of $72.83, for a total transaction of $12,361,581.56. Following the completion of the sale, the chairman now directly owns 896,632 shares of the company’s stock, valued at approximately $65,301,708.56. The trade was a 15.92 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John W. Rogers, Jr. bought 2,500 shares of the stock in a transaction dated Friday, December 27th. The shares were bought at an average cost of $76.65 per share, with a total value of $191,625.00. Following the completion of the purchase, 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 disclosure for this purchase can be found here. Insiders own 1.10% of the company’s stock.

Institutional Trading of NIKE

An institutional investor recently raised its position in NIKE stock. Brighton Jones LLC lifted its position in NIKE, Inc. (NYSE:NKE) by 388.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 202,411 shares of the footwear maker’s stock after acquiring an additional 160,980 shares during the quarter. Brighton Jones LLC’s holdings in NIKE were worth $15,316,000 as of its most recent SEC filing. 64.25% of the stock is currently owned by institutional investors.

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.