Niles Investment Management LLC Takes Position in NIKE, Inc. $NKE

Niles Investment Management LLC purchased a new stake in NIKE, Inc. (NYSE:NKE) during the 4th quarter, HoldingsChannel reports. The institutional investor purchased 344,714 shares of the footwear maker’s stock, valued at approximately $21,962,000. NIKE accounts for about 16.7% of Niles Investment Management LLC’s holdings, making the stock its largest position.

Several other large investors have also modified their holdings of the business. Main Street Financial Solutions LLC lifted its stake in shares of NIKE by 4.2% in the 2nd quarter. Main Street Financial Solutions LLC now owns 3,441 shares of the footwear maker’s stock valued at $244,000 after purchasing an additional 139 shares during the last quarter. Diligent Investors LLC lifted its stake in shares of NIKE by 4.3% in the 4th quarter. Diligent Investors LLC now owns 3,719 shares of the footwear maker’s stock valued at $237,000 after purchasing an additional 153 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in shares of NIKE by 4.3% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 3,978 shares of the footwear maker’s stock valued at $253,000 after purchasing an additional 163 shares during the last quarter. Lakeshore Capital Group Inc. lifted its stake in shares of NIKE by 2.9% in the 4th quarter. Lakeshore Capital Group Inc. now owns 5,868 shares of the footwear maker’s stock valued at $374,000 after purchasing an additional 165 shares during the last quarter. Finally, ANB Bank lifted its stake in shares of NIKE by 0.7% in the 4th quarter. ANB Bank now owns 25,451 shares of the footwear maker’s stock valued at $1,621,000 after purchasing an additional 165 shares during the last quarter. Institutional investors and hedge funds own 64.25% of the company’s stock.

NIKE Price Performance

NKE opened at $44.90 on Friday. The stock’s 50-day moving average price is $44.26 and its 200 day moving average price is $55.45. NIKE, Inc. has a 12-month low of $41.35 and a 12-month high of $80.17. The company has a current ratio of 2.14, a quick ratio of 1.45 and a debt-to-equity ratio of 0.50. The firm has a market cap of $66.49 billion, a price-to-earnings ratio of 29.73, a PEG ratio of 1.95 and a beta of 1.12.

NIKE (NYSE:NKE) last posted its earnings results on Tuesday, March 31st. The footwear maker reported $0.35 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $11.28 billion for the quarter, compared to analyst estimates of $11.23 billion. During the same quarter in the prior year, the company earned $0.54 EPS. NIKE’s revenue was up .1% on a year-over-year basis. As a group, sell-side analysts expect that NIKE, Inc. will post 1.49 earnings per share for the current year.

NIKE Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Monday, June 1st will be given a $0.41 dividend. The ex-dividend date of this dividend is Monday, June 1st. This represents a $1.64 dividend on an annualized basis and a yield of 3.7%. NIKE’s dividend payout ratio (DPR) is currently 108.61%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. BNP Paribas Exane decreased their price target on NIKE from $35.00 to $23.00 and set an “underperform” rating on the stock in a research note on Wednesday, April 1st. BTIG Research decreased their target price on NIKE from $90.00 to $75.00 and set a “buy” rating on the stock in a research note on Wednesday, April 1st. The Goldman Sachs Group reissued a “neutral” rating and set a $52.00 target price on shares of NIKE in a research note on Friday, June 5th. Williams Trading decreased their target price on NIKE from $80.00 to $57.00 and set a “buy” rating on the stock in a research note on Wednesday, April 1st. Finally, Bank of America reissued a “neutral” rating and set a $55.00 target price (down from $73.00) on shares of NIKE in a research note on Wednesday, April 1st. Fifteen research analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $60.89.

Key Stories Impacting NIKE

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: Recent coverage highlighted Nike’s “running revival,” suggesting improving momentum in its running category could help refresh the growth story and support a longer-term turnaround. How Nike’s Running Revival Changes The Nike Stock Story
• Neutral Sentiment: Nike’s World Cup marketing push is aimed at strengthening brand visibility versus Adidas, but it is more of a strategic brand-building effort than an immediate earnings catalyst. Nike’s World Cup play: take on Adidas and revitalize the brand
• Neutral Sentiment: EVP Philip McCartney sold 17,398 shares under a pre-arranged 10b5-1 plan to cover tax withholding tied to vesting equity awards, which is routine but still adds to investor caution around insider activity. SEC filing
• Negative Sentiment: RBC Capital and other commentators downgraded Nike or reiterated skepticism, arguing the turnaround is progressing more slowly than expected and raising concerns about margins, profit goals, and the pace of operational improvement. Nike (NKE) was downgraded to a Hold Rating at RBC Capital
• Negative Sentiment: Recent market commentary said Nike is “still running in place” and has limited time to prove its turnaround, reinforcing worries that the stock may remain range-bound until fundamentals improve. Nike still running in place as turnaround taking longer than expected — RBC Capital

Insider Buying and Selling

In related news, CEO Elliott Hill purchased 23,660 shares of NIKE stock in a transaction on Monday, April 13th. The shares were bought at an average price of $42.27 per share, with a total value of $1,000,108.20. Following the transaction, the chief executive officer directly 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert Holmes Swan purchased 11,781 shares of NIKE stock in a transaction on Tuesday, April 7th. The stock was bought at an average cost of $42.44 per share, for a total transaction of $499,985.64. Following the transaction, the director directly owned 55,074 shares in the company, valued at $2,337,340.56. This represents a 27.21% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have acquired 64,441 shares of company stock worth $2,734,204 over the last ninety days. Company insiders own 0.80% of the company’s stock.

About NIKE

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).