Bastion Asset Management Inc. Invests $2.55 Million in NIKE, Inc. $NKE

Bastion Asset Management Inc. purchased a new position in shares of NIKE, Inc. (NYSE:NKE) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 40,751 shares of the footwear maker’s stock, valued at approximately $2,553,000. NIKE makes up about 1.4% of Bastion Asset Management Inc.’s holdings, making the stock its 25th biggest holding.

A number of other hedge funds and other institutional investors have also modified their holdings of NKE. Guerra Advisors Inc purchased a new stake in NIKE in the third quarter valued at approximately $34,000. Gordian Capital Singapore Pte Ltd purchased a new stake in NIKE in the third quarter valued at approximately $35,000. Accredited Wealth Management LLC grew its holdings in NIKE by 268.6% in the third quarter. Accredited Wealth Management LLC now owns 516 shares of the footwear maker’s stock valued at $36,000 after purchasing an additional 376 shares during the period. Matrix Trust Co lifted its position 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 buying an additional 181 shares in the last quarter. Finally, Ares Financial Consulting LLC acquired a new position in NIKE during the fourth quarter valued at approximately $40,000. 64.25% of the stock is currently owned by hedge funds and other institutional investors.

NIKE Trading Down 0.3%

NYSE NKE opened at $42.44 on Wednesday. The stock has a market cap of $62.85 billion, a P/E ratio of 28.11, a PEG ratio of 2.26 and a beta of 1.12. The company’s fifty day simple moving average is $47.29 and its 200-day simple moving average is $57.70. The company has a current ratio of 2.14, a quick ratio of 1.45 and a debt-to-equity ratio of 0.50. NIKE, Inc. has a 52 week low of $41.35 and a 52 week high of $80.17.

NIKE (NYSE:NKE) last posted its quarterly earnings results on Tuesday, March 31st. The footwear maker reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.06. The firm had revenue of $11.28 billion for the quarter, compared to analysts’ expectations of $11.23 billion. NIKE had a net margin of 4.84% and a return on equity of 16.41%. The firm’s quarterly revenue was up .1% on a year-over-year basis. During the same period in the prior year, the company posted $0.54 earnings per share. Equities research analysts predict that NIKE, Inc. will post 1.51 EPS for the current fiscal year.

NIKE Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Monday, June 1st will be issued a $0.41 dividend. The ex-dividend date of this dividend is Monday, June 1st. This represents a $1.64 annualized dividend and a yield of 3.9%. NIKE’s dividend payout ratio is currently 108.61%.

Insider Activity at NIKE

In related news, Director Timothy D. Cook purchased 25,000 shares of the business’s stock in a transaction that occurred on Friday, April 10th. The shares were purchased at an average cost of $42.43 per share, with a total value of $1,060,750.00. Following the completion of the acquisition, the director directly owned 130,480 shares of the company’s stock, valued at approximately $5,536,266.40. The trade was a 23.70% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director John W. Rogers, Jr. purchased 4,000 shares of the business’s stock in a transaction that occurred on Thursday, April 9th. The stock was bought at an average cost of $43.34 per share, for a total transaction of $173,360.00. Following the completion of the acquisition, the director directly owned 41,022 shares of the company’s stock, valued at $1,777,893.48. This represents a 10.80% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last three months, insiders bought 64,441 shares of company stock valued at $2,734,204. Insiders own 0.80% of the company’s stock.

Key NIKE News

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: NIKE is expanding its digital and technology strategy by partnering with Google to use AI tools that could improve product discovery and support sales growth. Nike Turns to Google’s AI to Lift Sales, But NKE Stock Keeps Falling
• Neutral Sentiment: Several articles frame NIKE versus Wolverine as a comparison of business models, with NIKE leaning on athlete-led innovation and direct-to-consumer reach while Wolverine emphasizes niche brands and tighter promotions. NIKE vs. Wolverine: Which Footwear Player Is Built to Win?
• Neutral Sentiment: Some investors and commentators are asking whether NIKE stock looks attractive after recent weakness, suggesting the market is weighing recovery potential against ongoing execution risks. Should You Buy the Dip on Nike Stock?
• Negative Sentiment: Ongoing weakness in China remains the biggest near-term concern, with reports citing soft consumer demand, stronger local competition, and inventory issues that could delay a sustained rebound. Is NIKE’s China Recovery a Catalyst or Continuing Concern?

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. BNP Paribas Exane reduced their price target on shares of NIKE from $35.00 to $23.00 and set an “underperform” rating on the stock in a research report on Wednesday, April 1st. Evercore reduced their price target on shares of NIKE from $69.00 to $57.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 1st. Deutsche Bank Aktiengesellschaft reduced their price target on shares of NIKE from $54.00 to $51.00 and set a “hold” rating on the stock in a research report on Wednesday, April 1st. Jefferies Financial Group reduced their price target on shares of NIKE from $110.00 to $90.00 and set a “buy” rating on the stock in a research report on Wednesday, April 1st. Finally, KeyCorp reduced their price target on shares of NIKE from $90.00 to $75.00 and set an “overweight” rating on the stock in a research report on Thursday, January 22nd. Sixteen equities research analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $62.04.

NIKE Company 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).