FY2018 EPS Estimates for Nike Inc (NKE) Boosted by Analyst

Nike Inc (NYSE:NKE) – Stock analysts at Wedbush raised their FY2018 EPS estimates for shares of Nike in a research note issued to investors on Tuesday. Wedbush analyst C. Svezia now anticipates that the footwear maker will earn $2.26 per share for the year, up from their prior estimate of $2.24. Wedbush currently has a “Outperform” rating and a $74.00 target price on the stock. Wedbush also issued estimates for Nike’s Q4 2018 earnings at $0.71 EPS and FY2019 earnings at $2.69 EPS.

Several other brokerages have also recently issued reports on NKE. Oppenheimer upgraded shares of Nike to a “buy” rating in a report on Wednesday, January 31st. Stifel Nicolaus raised their target price on shares of Nike from $74.00 to $80.00 and gave the stock a “buy” rating in a report on Friday, February 16th. Citigroup restated a “buy” rating and issued a $78.00 target price (up previously from $74.00) on shares of Nike in a report on Wednesday, January 31st. Zacks Investment Research cut shares of Nike from a “hold” rating to a “sell” rating in a report on Tuesday. Finally, Buckingham Research raised their target price on shares of Nike from $72.00 to $75.00 and gave the stock a “buy” rating in a report on Thursday, February 15th. Three research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and twenty-three have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $65.61.

Nike (NKE) opened at $68.16 on Thursday. The company has a quick ratio of 1.67, a current ratio of 2.46 and a debt-to-equity ratio of 0.30. Nike has a fifty-two week low of $50.35 and a fifty-two week high of $69.00. The stock has a market cap of $111,200.00, a P/E ratio of 29.51, a PEG ratio of 3.03 and a beta of 0.68.

Nike (NYSE:NKE) last issued its earnings results on Thursday, December 21st. The footwear maker reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.06. Nike had a net margin of 11.13% and a return on equity of 31.64%. The firm had revenue of $8.55 billion for the quarter, compared to analysts’ expectations of $8.39 billion. During the same quarter last year, the business earned $0.50 earnings per share. The business’s revenue was up 4.6% on a year-over-year basis.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Buckingham Asset Management LLC raised its position in Nike by 0.7% in the 2nd quarter. Buckingham Asset Management LLC now owns 6,797 shares of the footwear maker’s stock worth $401,000 after buying an additional 45 shares during the last quarter. Sullivan Bruyette Speros & Blaney LLC raised its position in Nike by 1.0% in the 2nd quarter. Sullivan Bruyette Speros & Blaney LLC now owns 6,048 shares of the footwear maker’s stock worth $357,000 after buying an additional 61 shares during the last quarter. YorkBridge Wealth Partners LLC raised its position in Nike by 0.3% in the 2nd quarter. YorkBridge Wealth Partners LLC now owns 26,169 shares of the footwear maker’s stock worth $1,535,000 after buying an additional 68 shares during the last quarter. Parallel Advisors LLC raised its position in Nike by 0.6% in the 2nd quarter. Parallel Advisors LLC now owns 12,831 shares of the footwear maker’s stock worth $758,000 after buying an additional 76 shares during the last quarter. Finally, Keel Point LLC raised its position in Nike by 1.2% in the 2nd quarter. Keel Point LLC now owns 9,757 shares of the footwear maker’s stock worth $576,000 after buying an additional 119 shares during the last quarter. 61.57% of the stock is owned by hedge funds and other institutional investors.

In other news, insider Eric D. Sprunk sold 226,040 shares of Nike stock in a transaction dated Wednesday, December 27th. The stock was sold at an average price of $63.10, for a total value of $14,263,124.00. Following the completion of the transaction, the insider now owns 165,591 shares of the company’s stock, valued at approximately $10,448,792.10. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Eric D. Sprunk sold 100,000 shares of Nike stock in a transaction dated Tuesday, January 30th. The stock was sold at an average price of $67.66, for a total value of $6,766,000.00. Following the completion of the transaction, the insider now directly owns 227,199 shares of the company’s stock, valued at approximately $15,372,284.34. The disclosure for this sale can be found here. In the last ninety days, insiders sold 932,896 shares of company stock valued at $59,594,217. 3.90% of the stock is owned by insiders.

The business also recently declared a quarterly dividend, which will be paid on Monday, April 2nd. Stockholders of record on Monday, March 5th will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 1.17%. The ex-dividend date of this dividend is Friday, March 2nd. Nike’s dividend payout ratio is presently 34.63%.

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Nike Company Profile

NIKE, Inc is engaged in the design, development, marketing and selling of athletic footwear, apparel, equipment, accessories and services. The Company’s operating segments include North America, Western Europe, Central & Eastern Europe, Greater China, Japan and Emerging Markets. Its portfolio brands include the NIKE Brand, Jordan Brand, Hurley and Converse.

Earnings History and Estimates for Nike (NYSE:NKE)

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