Analyzing NKE Stock After A Likely $3.13 EPS Earning Announcement For FY2021


Wedbush analysts have increased the earnings estimates for FY2021 for NIKE Inc (NYSE: NKE) to $3.13 EPS from $3.10 previously. Wedbush issued a rating of ‘outperform’ with a price objective of $152.

On Monday, NIKE started from $137.41 in the stock market with the market cap being $215.71B. The lowest in 52 weeks is $60 while the highest being $140.57. Their current, quick, and debt-to-equity quotient are 2.55, 1.77, and 1.02. Their 50-day rolling average is $130.88 with 200-day at $113.62.

NIKE gave a dividend of $0.275 showing a dividend of $1.10 on a year-over-year basis with a 0.80% yield.

According to the 22nd September report, NIKE had quarterly earnings of $0.95 EPS, surpassing the $0.46 consensus estimate by $0.49. Their revenue was $10.59B that surpassed the $9.15B estimate. Their net margin was 7.20% with the return equity being 34.62%.

NKE Stock Transactions

Telsey Group increased the price objective of NIKE stock to $135 from $110 and gave a rating of ‘outperform’. Guggenheim raised it to $165 from $150 and gave a rating of ‘buy’. Needham&Co lifted it to $132 from $113 and gave a rating of ‘buy’. Raymond James increased it to $121 from $115 and gave a rating of ‘outperform’. Bank of America raised it to $ 150 from $130 and gave a rating of ‘buy’. They have a consensus ‘buy’ rating with a $141 price objective.

Andrew Campion, COO, sold off 120,000 NKE shares at $140 EPS worth $16,800,000. Hilary Krane, CAO, sold off 5,670 NIKE shares at $123.30 EPS worth $699,111. Insiders possess 3.80% NIKE stock.

Adams Management purchased new holdings worth $28,000 while Sound Strategies lifted their holdings by 163.8%, owning shares worth $31,000. Newfound Research bought a new position priced at $32,000 and Demars Group purchased new holdings worth $42,000. Institutional investors own 55.61% NKE stock.