Fiera Capital Corp Increases Stock Position in NIKE, Inc. $NKE

Fiera Capital Corp lifted its holdings in shares of NIKE, Inc. (NYSE:NKE) by 5.6% during the fourth quarter, HoldingsChannel.com reports. The fund owned 1,212,497 shares of the footwear maker’s stock after purchasing an additional 63,968 shares during the quarter. Fiera Capital Corp’s holdings in NIKE were worth $77,248,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Gordian Capital Singapore Pte Ltd purchased a new position in shares of NIKE during the third quarter worth approximately $35,000. Accredited Wealth Management LLC grew its position in shares of NIKE by 268.6% during the third quarter. Accredited Wealth Management LLC now owns 516 shares of the footwear maker’s stock worth $36,000 after acquiring an additional 376 shares during the last quarter. Matrix Trust Co grew its position in shares of NIKE by 43.6% during the fourth quarter. Matrix Trust Co now owns 596 shares of the footwear maker’s stock worth $38,000 after acquiring an additional 181 shares during the last quarter. Ares Financial Consulting LLC purchased a new position in shares of NIKE during the fourth quarter worth approximately $40,000. Finally, Strive Asset Management LLC purchased a new position in shares of NIKE during the third quarter worth approximately $40,000. 64.25% of the stock is currently owned by hedge funds and other institutional investors.

Key NIKE News

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: NIKE is leaning into its football business ahead of the World Cup, and analysts said the company’s investor event reinforced CEO Elliott Hill’s plan to rebuild the brand sport by sport and region by region. That could support the long-term turnaround narrative. Nike bets big on Beautiful Game ahead of World Cup
• Positive Sentiment: Investor interest in NIKE remains elevated, with recent coverage highlighting that the stock is still drawing attention from market watchers as they evaluate the company’s outlook and earnings trajectory. NIKE, Inc. (NKE) is Attracting Investor Attention: Here is What You Should Know
• Positive Sentiment: NIKE continues to push a high-profile marketing campaign, “Rip The Script,” featuring major athletes and celebrities, which may help brand visibility and demand heading into a key sports calendar. NKE Stock Eyes Red Week Ahead Of FIFA World Cup: Nike’s Star-Studded Campaign Can’t Stop It From Falling
• Neutral Sentiment: Several articles focused on shifting investor narratives and watched-the-stock commentary, but no new price target or major fundamental update was announced, limiting the immediate catalyst. How The Narrative Around Nike (NKE) Is Evolving Without A New Price Target
• Neutral Sentiment: Commentary on a possible legal inquiry about insider duties did not provide clear evidence of wrongdoing, so it is more of a headline risk than a confirmed stock-moving event. Did NIKE, Inc. Insiders Breach their Fiduciary Duties to Shareholders?
• Negative Sentiment: Some coverage suggests NIKE still faces questions about regaining momentum in a changing consumer market, while the stock has also been pressured by broader concerns that the turnaround may take time. Can Nike Regain Momentum In A Changing Consumer Market?
• Negative Sentiment: Market chatter also highlights a “red week” narrative ahead of the FIFA World Cup, implying investors remain skeptical that NIKE’s ad campaign alone will quickly reverse the stock’s weakness. Curry Defection And World Cup Push Test Nike Turnaround Expectations

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on NKE shares. Robert W. Baird lowered their target price on shares of NIKE from $85.00 to $70.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 1st. DZ Bank reaffirmed a “buy” rating on shares of NIKE in a report on Tuesday, April 21st. Piper Sandler reaffirmed a “neutral” rating and set a $50.00 price target (down from $60.00) on shares of NIKE in a report on Friday, April 10th. Evercore decreased their price target on NIKE from $69.00 to $57.00 and set an “outperform” rating for the company in a report on Wednesday, April 1st. Finally, Zacks Research downgraded NIKE from a “hold” rating to a “strong sell” rating in a report on Monday, June 1st. Sixteen investment analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $62.04.

NIKE Price Performance

Shares of NYSE NKE opened at $43.05 on Monday. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.14 and a quick ratio of 1.45. The stock has a fifty day moving average price of $44.85 and a 200 day moving average price of $56.03. NIKE, Inc. has a 1-year low of $41.35 and a 1-year high of $80.17. The company has a market cap of $63.75 billion, a PE ratio of 28.51, a P/E/G ratio of 1.86 and a beta of 1.12.

NIKE (NYSE:NKE) last released its quarterly earnings data 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. The firm had revenue of $11.28 billion during the quarter, compared to analysts’ expectations of $11.23 billion. NIKE had a return on equity of 16.41% and a net margin of 4.84%.NIKE’s revenue was up .1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.54 earnings per share. Sell-side analysts forecast that NIKE, Inc. will post 1.49 EPS for the current year.

NIKE Dividend Announcement

The firm also recently disclosed 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 is Monday, June 1st. This represents a $1.64 annualized dividend and a yield of 3.8%. NIKE’s dividend payout ratio is presently 108.61%.

Insiders Place Their Bets

In other NIKE news, Director John W. Rogers, Jr. acquired 4,000 shares of the business’s stock in a transaction on Thursday, April 9th. The stock was purchased at an average price of $43.34 per share, for a total transaction of $173,360.00. Following the completion of the transaction, the director 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. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robert Holmes Swan acquired 11,781 shares of the business’s stock in a transaction on Tuesday, April 7th. The stock was acquired at an average price of $42.44 per share, with a total value of $499,985.64. Following the transaction, 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 position. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders have bought 64,441 shares of company stock worth $2,734,204. 0.80% of the stock is owned by insiders.

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).