New York State Teachers Retirement System Sells 18,514 Shares of NIKE, Inc. $NKE

New York State Teachers Retirement System decreased its position in shares of NIKE, Inc. (NYSE:NKE) by 2.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 869,708 shares of the footwear maker’s stock after selling 18,514 shares during the period. New York State Teachers Retirement System owned 0.06% of NIKE worth $55,409,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in NKE. Guerra Advisors Inc bought a new stake in NIKE during the 3rd quarter worth approximately $34,000. Gordian Capital Singapore Pte Ltd bought a new stake in NIKE during the third quarter valued at about $35,000. Accredited Wealth Management LLC raised its holdings in NIKE by 268.6% during the third quarter. Accredited Wealth Management LLC now owns 516 shares of the footwear maker’s stock valued at $36,000 after acquiring an additional 376 shares during the period. Matrix Trust Co raised its holdings in NIKE by 43.6% during the fourth quarter. Matrix Trust Co now owns 596 shares of the footwear maker’s stock valued at $38,000 after acquiring an additional 181 shares during the period. Finally, Strive Asset Management LLC bought a new stake in NIKE during the third quarter valued at about $40,000. Institutional investors own 64.25% of the company’s stock.

Trending Headlines about NIKE

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: Quarterly beat — Nike reported $0.35 EPS vs. $0.29 expected and revenue of $11.28B vs. $11.23B expected, showing modest operational resilience that can support near-term sentiment. Read More.
• Neutral Sentiment: Layoffs announced as part of the “Win Now” turnaround — ~1,400 positions, concentrated in technology and global operations. Management says cuts simplify operations and reduce costs; investors will watch whether savings translate into margin recovery or signal deeper demand weakness. Read More.
• Neutral Sentiment: Market/valuation debate — commentary questions whether the sharp share-price decline makes NKE a bargain or reflects persistent execution risk; view is mixed across retail investors and analysts. Read More.
• Neutral Sentiment: Contrarian takes — some analysts/opinion pieces frame current fear as a potential buy signal, but they caution that catalysts (guidance, margin recovery, sales stabilization) are needed to justify a durable recovery. Read More.
• Neutral Sentiment: Post-earnings price action and estimates — coverage notes the stock is modestly lower since the report and that forward earnings/analyst revisions will be the next key drivers. Read More.
• Negative Sentiment: S&P 500/index pressure — reports suggest index-related flows and market positioning are adding downward pressure, which can amplify selling even if fundamentals stabilize. Read More.
• Negative Sentiment: Sharp recent declines raise valuation and execution concerns — NKE has fallen substantially year-to-date and over multi-year horizons, keeping investor skepticism high until clearer signs of sales/margin improvement emerge. Read More.

Insider Buying and Selling at NIKE

In other NIKE news, CEO Elliott Hill purchased 23,660 shares of NIKE stock in a transaction that occurred on Monday, April 13th. The shares were bought at an average price of $42.27 per share, for a total transaction of $1,000,108.20. Following the completion of the transaction, the chief executive officer owned 265,247 shares of the company’s stock, valued at approximately $11,211,990.69. This trade represents a 9.79% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director John W. Rogers, Jr. purchased 4,000 shares of NIKE stock in a transaction that occurred on Thursday, April 9th. The stock was acquired at an average price of $43.34 per share, for a total transaction of $173,360.00. Following the transaction, the director directly owned 41,022 shares of the company’s stock, valued at $1,777,893.48. The trade was a 10.80% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last three months, insiders have purchased 64,441 shares of company stock worth $2,734,204. Company insiders own 0.80% of the company’s stock.

Analyst Ratings Changes

NKE has been the topic of a number of recent analyst reports. Bank of America reissued a “neutral” rating and set a $55.00 price target (down from $73.00) on shares of NIKE in a report on Wednesday, April 1st. CICC Research cut NIKE from an “outperform” rating to a “market perform” rating and decreased their price target for the company from $69.00 to $58.00 in a report on Monday, April 6th. DZ Bank reiterated a “buy” rating on shares of NIKE in a research report on Tuesday, April 21st. Wall Street Zen downgraded shares of NIKE from a “hold” rating to a “sell” rating in a report on Saturday, April 18th. Finally, KeyCorp dropped their target price on shares of NIKE from $90.00 to $75.00 and set an “overweight” rating for the company in a research report on Thursday, January 22nd. Seventeen research analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, NIKE presently has a consensus rating of “Hold” and an average target price of $62.34.

NIKE Price Performance

Shares of NYSE:NKE opened at $44.43 on Friday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.45 and a current ratio of 2.14. The firm has a fifty day moving average price of $51.39 and a 200 day moving average price of $59.75. NIKE, Inc. has a fifty-two week low of $42.09 and a fifty-two week high of $80.17. The firm has a market cap of $65.79 billion, a price-to-earnings ratio of 29.42, a P/E/G ratio of 2.35 and a beta of 1.31.

NIKE (NYSE:NKE) last issued its earnings results on Tuesday, March 31st. The footwear maker reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.06. NIKE had a net margin of 4.84% and a return on equity of 16.41%. The firm had revenue of $11.28 billion during the quarter, compared to analyst estimates of $11.23 billion. During the same quarter in the prior year, the business earned $0.54 earnings per share. NIKE’s revenue for the quarter was up .1% on a year-over-year basis. As a group, sell-side analysts expect that NIKE, Inc. will post 1.51 earnings per share for the current fiscal year.

NIKE Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 1st. Investors of record on Monday, March 2nd were given a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 3.7%. The ex-dividend date was Monday, March 2nd. NIKE’s payout ratio is currently 108.61%.

NIKE Profile

Nike, Inc (NYSE: NKE) is a global designer, marketer and distributor of athletic footwear, apparel, equipment and accessories. Founded in 1964 as Blue Ribbon Sports by Phil Knight and Bill Bowerman and renamed Nike in 1971, the company is headquartered near Beaverton, Oregon. Nike develops and commercializes products across performance and lifestyle categories for sports including running, basketball, soccer and training, and is known for signature technologies and design-driven product lines.

The company markets products under several primary brands, including Nike, Jordan and Converse, and sells through a combination of wholesale relationships, branded retail stores and direct-to-consumer channels such as company-operated stores and digital platforms (e.g., Nike.com and mobile apps).