RFG Advisory LLC boosted its holdings in NIKE, Inc. (NYSE:NKE – Free Report) by 309.7% in the 4th quarter, HoldingsChannel reports. The fund owned 44,030 shares of the footwear maker’s stock after acquiring an additional 33,283 shares during the quarter. RFG Advisory LLC’s holdings in NIKE were worth $2,805,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Equitable Trust Co. increased its holdings in shares of NIKE by 215.3% in the 4th quarter. Equitable Trust Co. now owns 19,415 shares of the footwear maker’s stock valued at $1,237,000 after purchasing an additional 13,257 shares in the last quarter. Swedbank AB lifted its position in shares of NIKE by 0.6% during the 4th quarter. Swedbank AB now owns 978,627 shares of the footwear maker’s stock valued at $62,348,000 after acquiring an additional 5,865 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of NIKE by 6.0% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 2,636,061 shares of the footwear maker’s stock worth $166,810,000 after acquiring an additional 148,224 shares during the period. AssuredPartners Investment Advisors LLC grew its holdings in shares of NIKE by 53.1% in the 4th quarter. AssuredPartners Investment Advisors LLC now owns 7,670 shares of the footwear maker’s stock worth $489,000 after acquiring an additional 2,659 shares during the period. Finally, SBI Securities Co. Ltd. increased its stake in NIKE by 15.2% in the 4th quarter. SBI Securities Co. Ltd. now owns 27,555 shares of the footwear maker’s stock valued at $1,756,000 after purchasing an additional 3,645 shares in the last quarter. 64.25% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of analysts have commented on the company. Guggenheim decreased their target price on NIKE from $77.00 to $74.00 and set a “buy” rating on the stock in a research report on Wednesday, April 1st. Wells Fargo & Company cut their price target on NIKE from $65.00 to $55.00 and set an “overweight” rating for the company in a research note on Wednesday, April 1st. UBS Group decreased their price objective on shares of NIKE from $58.00 to $54.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 1st. BTIG Research dropped their target price on shares of NIKE from $90.00 to $75.00 and set a “buy” rating for the company in a report on Wednesday, April 1st. Finally, China Renaissance cut their target price on shares of NIKE from $74.60 to $50.30 and set a “hold” rating for the company in a research report on Thursday, April 2nd. Seventeen research analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, NIKE presently has an average rating of “Hold” and a consensus price target of $62.34.
NIKE Stock Performance
Shares of NKE opened at $44.36 on Friday. NIKE, Inc. has a 1 year low of $42.09 and a 1 year high of $80.17. The company’s 50 day simple moving average is $50.16 and its 200 day simple moving average is $59.14. The company has a market capitalization of $65.69 billion, a price-to-earnings ratio of 29.38, a PEG ratio of 2.33 and a beta of 1.12. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.45 and a current ratio of 2.14.
NIKE (NYSE:NKE – Get Free Report) last issued its quarterly earnings results on Tuesday, March 31st. The footwear maker reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.06. NIKE had a return on equity of 16.41% and a net margin of 4.84%.The company had revenue of $11.28 billion during the quarter, compared to the consensus estimate of $11.23 billion. During the same period in the previous year, the firm posted $0.54 EPS. NIKE’s revenue was up .1% on a year-over-year basis. On average, sell-side analysts predict that NIKE, Inc. will post 1.51 EPS for the current year.
NIKE Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Monday, June 1st will be paid a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend is Monday, June 1st. NIKE’s dividend payout ratio (DPR) is presently 108.61%.
Key Stories Impacting NIKE
Here are the key news stories impacting NIKE this week:
- Positive Sentiment: Nike’s board declared a quarterly cash dividend of $0.41 per share (payable July 1), signaling commitment to shareholder returns despite near-term revenue and margin pressure. Does Nike’s Steady Dividend Amid Strains Recast Its Capital Allocation Narrative For NKE Investors?
- Positive Sentiment: Nike expanded its “Win Now” cost-cutting with roughly 1,400 job cuts focused on tech/digital teams — a move that should reduce operating expenses and support margins over time, though it may pressure near-term execution and morale. Nike Expands Cost-Cutting Push With New Round of Job Reductions
- Positive Sentiment: Some outlets highlight analyst upside (consensus target near $62 implies ~41% upside from current levels), which can attract value-minded buyers if management stabilizes results. Nike’s 65% 3-Year Plunge Could Lead to 41% Upside Today
- Neutral Sentiment: Berenberg reaffirmed a “neutral” rating on NKE, leaving analyst guidance mixed and suggesting no immediate consensus shift. Nike Inc.: Berenberg Remains Neutral
- Neutral Sentiment: Coverage noting a “valuation reset” and index-buzz could influence passive flows or reweights but is not an immediate earnings driver. Nike Valuation Reset Sparks Dow Jones Index Buzz
- Neutral Sentiment: Retail partner commentary (Britain’s JD Sports praising CEO Elliott Hill) is supportive PR but has limited direct financial impact. Britain’s JD Sports says Nike’s Hill ‘doing a great job’
- Negative Sentiment: Nike faces regulatory and reputational risk: an EEOC probe into DEI practices and a rise in bearish bets/short interest have increased pressure on CEO Elliott Hill and could weigh on sentiment and stock liquidity. Bets surge against Nike, heaping pressure on CEO Hill Nike Balances DEI Probe With Football Growth And AI Operations Push
Insiders Place Their Bets
In other NIKE news, Director Robert Holmes Swan purchased 11,781 shares of the stock in a transaction on Tuesday, April 7th. The stock was bought at an average price of $42.44 per share, for a total transaction of $499,985.64. Following the acquisition, the director directly owned 55,074 shares of the company’s stock, valued at $2,337,340.56. This represents a 27.21% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at this link. Also, Director John W. Rogers, Jr. acquired 4,000 shares of the business’s stock in a transaction dated Thursday, April 9th. The shares were bought at an average price of $43.34 per share, for a total transaction of $173,360.00. Following the completion of the acquisition, the director owned 41,022 shares in the company, valued at approximately $1,777,893.48. This trade represents a 10.80% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders bought a total of 64,441 shares of company stock valued at $2,734,204 in the last quarter. Corporate insiders own 0.80% of the company’s stock.
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).
Further Reading
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