Telsey Advisory Group Comments on NIKE, Inc.’s Q4 2024 Earnings (NYSE:NKE)

NIKE, Inc. (NYSE:NKE) – Equities researchers at Telsey Advisory Group lowered their Q4 2024 earnings per share (EPS) estimates for NIKE in a research report issued on Friday, June 21st. Telsey Advisory Group analyst C. Fernandez now anticipates that the footwear maker will post earnings per share of $0.87 for the quarter, down from their prior forecast of $0.89. Telsey Advisory Group currently has a “Outperform” rating and a $115.00 target price 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.

NIKE (NYSE:NKE) last announced its quarterly earnings results on Thursday, March 21st. The footwear maker reported $0.98 earnings per share for the quarter, beating analysts’ consensus estimates of $0.69 by $0.29. NIKE had a return on equity of 39.41% and a net margin of 10.14%. The business had revenue of $12.43 billion during the quarter, compared to analysts’ expectations of $12.28 billion.

Other research analysts have also recently issued research reports about the company. Williams Trading restated a “sell” rating and issued a $85.00 price target (down previously from $92.00) on shares of NIKE in a research report on Monday, March 18th. Morgan Stanley dropped their price objective on NIKE from $116.00 to $114.00 and set an “overweight” rating for the company in a research report on Monday, June 17th. Bank of America upgraded NIKE from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $110.00 to $113.00 in a research report on Thursday, April 11th. Wedbush reiterated an “outperform” rating and set a $115.00 price objective on shares of NIKE in a research report on Tuesday, April 30th. Finally, Citigroup dropped their price objective on NIKE from $135.00 to $125.00 and set a “buy” rating for the company in a research report on Thursday, March 14th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty have given a buy rating to the company. According to MarketBeat.com, NIKE currently has an average rating of “Moderate Buy” and a consensus price target of $114.81.

NIKE Trading Up 1.7 %

Shares of NKE stock opened at $97.18 on Monday. NIKE has a fifty-two week low of $88.66 and a fifty-two week high of $123.39. The stock has a market cap of $146.68 billion, a P/E ratio of 28.58, a P/E/G ratio of 1.80 and a beta of 1.05. The business has a fifty day simple moving average of $93.60 and a 200-day simple moving average of $99.79. The company has a quick ratio of 1.89, a current ratio of 2.74 and a debt-to-equity ratio of 0.63.

NIKE Announces Dividend

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

Insider Buying and Selling

In related news, Chairman Mark G. Parker sold 168,378 shares of the business’s stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $93.14, for a total transaction of $15,682,726.92. Following the transaction, the chairman now directly owns 1,102,090 shares of the company’s stock, valued at approximately $102,648,662.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Chairman Mark G. Parker sold 168,378 shares of the business’s stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $93.14, for a total transaction of $15,682,726.92. Following the transaction, the chairman now directly owns 1,102,090 shares of the company’s stock, valued at approximately $102,648,662.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Johanna Nielsen sold 282 shares of the business’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $93.64, for a total value of $26,406.48. Following the transaction, the vice president now directly owns 730 shares in the company, valued at $68,357.20. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 213,660 shares of company stock valued at $19,946,333. Corporate insiders own 0.50% of the company’s stock.

Institutional Investors Weigh In On NIKE

Several hedge funds and other institutional investors have recently bought and sold shares of NKE. Cim LLC purchased a new position in shares of NIKE during the 4th quarter valued at approximately $14,275,000. TKG Advisors LLC purchased a new position in shares of NIKE during the 4th quarter valued at approximately $1,012,000. Louisiana State Employees Retirement System purchased a new position in shares of NIKE during the 4th quarter valued at approximately $8,034,000. Financial Gravity Asset Management Inc. boosted its stake in shares of NIKE by 2,332.5% during the 3rd quarter. Financial Gravity Asset Management Inc. now owns 184,042 shares of the footwear maker’s stock valued at $17,598,000 after buying an additional 176,476 shares during the last quarter. Finally, Brown Advisory Inc. boosted its stake in shares of NIKE by 4.3% during the 4th quarter. Brown Advisory Inc. now owns 4,668,949 shares of the footwear maker’s stock valued at $506,908,000 after buying an additional 192,752 shares during the last quarter. 64.25% of the stock is currently owned by hedge funds and other institutional investors.

About NIKE

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.