Mesirow Financial Investment Management Inc. boosted its position in NIKE, Inc. (NYSE:NKE – Free Report) by 257.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 110,062 shares of the footwear maker’s stock after acquiring an additional 79,254 shares during the quarter. Mesirow Financial Investment Management Inc.’s holdings in NIKE were worth $7,012,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors have also added to or reduced their stakes in the company. Pinnacle Associates Ltd. increased its stake in NIKE by 26.8% in the fourth quarter. Pinnacle Associates Ltd. now owns 28,086 shares of the footwear maker’s stock valued at $1,789,000 after acquiring an additional 5,944 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich increased its stake in NIKE by 1.6% in the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 1,098,996 shares of the footwear maker’s stock valued at $69,220,000 after acquiring an additional 17,692 shares during the last quarter. Western Wealth Management LLC increased its stake in NIKE by 9.2% in the fourth quarter. Western Wealth Management LLC now owns 16,647 shares of the footwear maker’s stock valued at $1,061,000 after acquiring an additional 1,396 shares during the last quarter. Rayburn West Financial Services LLC bought a new position in NIKE in the fourth quarter valued at $481,000. Finally, Cardinal Point Capital Management ULC increased its stake in NIKE by 4.6% in the fourth quarter. Cardinal Point Capital Management ULC now owns 34,902 shares of the footwear maker’s stock valued at $2,224,000 after acquiring an additional 1,525 shares during the last quarter. Institutional investors own 64.25% of the company’s stock.
NIKE Stock Up 0.0%
NYSE NKE opened at $42.37 on Thursday. 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 market capitalization of $62.74 billion, a PE ratio of 28.06, a PEG ratio of 2.25 and a beta of 1.12. NIKE, Inc. has a 1 year low of $41.70 and a 1 year high of $80.17. The business’s 50-day moving average is $48.58 and its 200 day moving average is $58.41.
NIKE Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Monday, June 1st will be paid a $0.41 dividend. The ex-dividend date of this dividend is Monday, June 1st. This represents a $1.64 annualized dividend and a dividend yield of 3.9%. NIKE’s dividend payout ratio (DPR) is presently 108.61%.
Insiders Place Their Bets
In other NIKE news, Director Timothy D. Cook bought 25,000 shares of the business’s stock in a transaction that occurred on Friday, April 10th. The shares were bought at an average cost of $42.43 per share, with a total value of $1,060,750.00. Following the completion of the purchase, the director directly owned 130,480 shares of the company’s stock, valued at $5,536,266.40. This trade represents a 23.70% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Elliott Hill bought 23,660 shares of the business’s stock in a transaction that occurred on Monday, April 13th. The stock was acquired at an average cost of $42.27 per share, for a total transaction of $1,000,108.20. Following the completion of the purchase, the chief executive officer directly owned 265,247 shares of the company’s stock, valued at $11,211,990.69. The trade was a 9.79% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders purchased 64,441 shares of company stock valued at $2,734,204 over the last three months. Company insiders own 0.80% of the company’s stock.
NIKE News Roundup
Here are the key news stories impacting NIKE this week:
- Negative Sentiment: Multiple reports highlight a steep year-to-date selloff, with investors worried about NIKE’s weak guidance, fading growth momentum, and the stock hitting a 12-year low. Nike freefall hits 12-year low: 3 forces behind $20 YTD wipeout & weak guidance
- Negative Sentiment: Analysts and commentary point to profit-margin pressure, with one report saying NIKE’s margins fell 34%, reinforcing concerns that pricing, costs, and promotions are hurting profitability. Nike’s Profit Margins Fell 34%. Here’s What Investors Need to Know Before Buying the Dip.
- Negative Sentiment: NIKE’s CEO said the turnaround still needs more time, which may temper hopes for a quick rebound and suggest operational improvements are not yet fully visible in the numbers. Why Nike CEO said the company’s turnaround needs more time
- Negative Sentiment: Competition is also a concern, as On Holding reported strong results and double-digit China growth, underscoring that Nike is losing momentum in key growth markets and categories. On Holding beats first-quarter expectations, sees double-digit growth in China as Nike lags
- Neutral Sentiment: State Street disclosed a passive 5% stake in NIKE, which signals continued institutional interest, but the filing was overshadowed by tariff-related legal uncertainty and does not by itself change the near-term outlook. State Street Takes 5% Nike Stake As Tariff Lawsuits Cloud Outlook
- Neutral Sentiment: There is also some potential macro support if China tariffs ease, which could help consumer demand and Nike’s sourcing costs, but this is still more of a possible tailwind than a confirmed catalyst. Which of These 5 Companies Benefits Most From Easing China Tariffs?
Analyst Upgrades and Downgrades
NKE has been the topic of a number of research analyst reports. Stifel Nicolaus reduced their target price on NIKE from $65.00 to $56.00 and set a “hold” rating on the stock in a research note on Wednesday, April 1st. Evercore reduced their price objective on NIKE from $69.00 to $57.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 1st. Williams Trading reduced their price objective on NIKE from $80.00 to $57.00 and set a “buy” rating on the stock in a research note on Wednesday, April 1st. Piper Sandler reaffirmed a “neutral” rating and set a $50.00 price objective (down from $60.00) on shares of NIKE in a research note on Friday, April 10th. Finally, Royal Bank Of Canada reaffirmed a “buy” rating on shares of NIKE in a research note on Wednesday, April 1st. Sixteen analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and two have given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $62.04.
Read Our Latest Analysis on NKE
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).
Further Reading
- Five stocks we like better than NIKE
- D-Wave Earnings Looked Weak, But Investors May Be Missing This
- Nebius Upside Expands as AI Feedback Loop Intensifies
- Insider Trades: Okta and Abbott See Buys, Micron Insiders Sell
- Plug Power Flips The Switch On Profitability
Want to see what other hedge funds are holding NKE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NIKE, Inc. (NYSE:NKE – Free Report).
Receive News & Ratings for NIKE Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NIKE and related companies with MarketBeat.com's FREE daily email newsletter.
