In a letter to investors on Thursday, Sept. 22, stock analysts at Nike, Inc. Seaport Res PTN lowered their forecast for the company’s earnings per share for the first quarter of 2023. The revised projections were lower than previous ones. It was changed to $0.97 per share from the initial forecast of $1.07 per share that Seaport Res Ptn analyst Mr. Kummetz had set for the footwear producer for the next quarter. The analyst community has assigned Seaport Res PTN’s stock a “neutral” rating. The general view of financial analysts puts Nike’s earnings forecast at $3.78 per share for the full year. Additionally, Seaport Res PTN expects Nike to earn $0.77 per share in the second quarter of 2023, $0.97 per share in the third quarter of 2023, and $0.91 per share in the fourth quarter of 2023. For the full fiscal year 2023, Seaport Res PTN expects Nike to earn $3.62 per share, $4.11 per share and $4.73 per share respectively.
Nike’s (NYSE:NKE) latest earnings report was due June 27, when the company released its results. The shoemaker reported earnings per share for the quarter of $0.90, $0.09 higher than the market estimate of $0.81. The company reported quarterly sales of $12.20 billion, beating analysts’ forecast of $12.10 billion. In the case of Nike, the return on equity was 40.74% and the company’s net margin was 12.94%. Nike’s revenue fell 0.8% from the same quarter a year earlier. The company earned $0.93 per share in the same year. To share. The opening price of Nike, Inc. stock on Friday was $98.55 per share. There is a ratio of 0.58 between the amount of debt and that of equity. So. The current ratio is 2.63, while the quick ratio is 1.84 and the current ratio is 2.63. The company has a price-earnings ratio of 26.21, a growth price-earnings ratio of 2.11 and a beta of 1.03. This gives it a market capitalization of $154.58 billion. The current 52 week low for Nike is $97.83, while the recent 52 week high for Nike is $179.10. The moving average price of the stock over the previous two hundred days is $115.81, while the moving average price of the stock over the last fifty days is $109.72. $109.72.
Research papers about the company published by several different analysts have also been made available to the public. In a research note published on Wednesday, July 20, Stifel Nicolaus stated his intention to lower his price target on Nike from $135.00 to $130.00. JPMorgan Chase & Co. said in a research report made publicly available on August 10 that they believe Nike’s price will eventually reach $130.00 at some point in the future. Wedbush lowered its price target on Nike from $130.00 to $120.00 in a research report released Friday, September 9. Guggenheim lowered its target price on Nike from $160.00 to $155.00 and gave the company a “buy” rating in a research report released Tuesday. , June 28. Guggenheim’s analysis has been made public. The subject of the report was society. The “outperformance” rating that Exane BNP Paribas had previously assigned to Nike shares has been lowered to “neutral”. The brokerage firm has set its price target for the company’s stock at $118.00. Eleven financial analysts were interviewed in a study conducted on Tuesday, August 9. Of these experts, nineteen gave the company a buy recommendation, while the remaining eleven analysts recommended keeping the company. According to information from Bloomberg.com, the company currently has a consensus rating of “Moderate Buy” and the average price target is $132.77.
Several institutional investors and hedge funds have recently changed the amount of NKE shares they currently hold by increasing or decreasing their holdings. An additional $26,000 investment was made in Nike, Inc. by FNY Stake Advisers LLC during the first three months of the year. During the second quarter, LFA Lugano Financial Advisors SA increased the number of Nike shares held by 63.3%, bringing its total percentage ownership to 100%. LFA Lugano Financial Advisors SA is now the proud owner of 258 shares of the shoemaker’s stock. Each share is currently worth $26,000. This was accomplished by purchasing an additional 100 shares during the last fiscal quarter to bring the total number of shares held by the investor to 300. During the first three months of the year, Antonetti Capital Management LLC increased the value of its assets in Nike, Inc. by 900.0%. Antonetti Capital Management LLC now owns 200 shares of the company. These shares have a combined value of $27,000 to the company. This shows an increase of 180 shares that were acquired in the last quarter of the last financial year. In the last three months of 2018, Alpha Paradigm Partners LLC spent $31,000 to acquire a new stake in Nike, Inc.
Finally, in the first three months of this year, Worth Asset Management LLC made a new investment in the Nike company for $32,000. Institutional investors and hedge funds own 64.19% of the company’s shares. The other shareholders hold the remaining 35.21%.
In other news, on June 30, director John W. Rogers, Jr. purchased 10,000 shares of the company for his investment. The purchase cost of all shares was a total of $1,029,600.00, with an average share price of $102.96. The purchase cost of all the shares was a total of $1,029,600.00, with the average share price being $102.96. Following the closing of the transaction, the administrator now owns 25,681 shares of the company. The total value of these shares is $2,644,115.76. By following the link, which will take you to a legal filing filed with the SEC, you will have the opportunity to obtain additional information regarding the acquisition. Director John W. Rogers Jr. bought 10,000 Nike shares in related news on June 30. This is an important development that relates to this topic. The aggregate price of the shares was determined at $1,029,000.00, with the individual price of each share being determined at $102.96 on average. Following the successful conclusion of the transaction, the director now directly owns 25,681 shares of the company’s capital.
The total value of these shares is $2,644,115.76. If you follow this link, you will be taken to a document filed with the Securities and Exchange Commission (SEC). The document contains a detailed explanation of the transaction reported to the SEC. On top of that, Executive Vice President Monique S. Matheson sold 19,500 shares of the company on Tuesday, July 5. The total cost of the transaction was $2,017,000, which amounts to an average price of $103.45 per share when applied to the acquisition of the shares. The company’s current executive vice president owns 80,355 shares of the company. The total value of these shares is approximately $8,312,724.75. As a result, the executive vice president is doing pretty well financially. Disclosures related to the sale can be found in this section of the website. Insiders of the company sold 59,561 shares of the company during the last fiscal quarter for a total value of $6,374,094, which equals 0.40% of the market value of the company. Solidify. Nike said Monday, June 27 that its board had approved a plan that would see the company repurchase up to $18.00 billion in stock currently outstanding. This news came the same day Nike released its earnings report for the quarter. The shoe company has received approval to buy back up to 11% of its shares from existing shareholders in open market transactions. Stock buyback plans often indicate that the company’s board believes that the company’s stock price is selling for less than its true value.