Disciplined Investors L.L.C. Takes Position in NIKE, Inc. $NKE

Disciplined Investors L.L.C. bought a new stake in NIKE, Inc. (NYSE:NKE) in the 4th quarter, HoldingsChannel.com reports. The firm bought 20,515 shares of the footwear maker’s stock, valued at approximately $1,307,000.

Several other large investors have also modified their holdings of NKE. Brighton Jones LLC boosted its stake in NIKE by 388.5% during the 4th quarter. Brighton Jones LLC now owns 202,411 shares of the footwear maker’s stock worth $15,316,000 after purchasing an additional 160,980 shares during the period. Caxton Associates LLP acquired a new stake in NIKE during the 1st quarter worth $311,000. United Bank boosted its stake in NIKE by 11.3% during the 2nd quarter. United Bank now owns 17,067 shares of the footwear maker’s stock worth $1,212,000 after purchasing an additional 1,736 shares during the period. NewEdge Advisors LLC boosted its stake in NIKE by 0.3% during the 2nd quarter. NewEdge Advisors LLC now owns 64,161 shares of the footwear maker’s stock worth $4,558,000 after purchasing an additional 197 shares during the period. Finally, CIBC Asset Management Inc boosted its stake in NIKE by 6.5% during the 2nd quarter. CIBC Asset Management Inc now owns 191,268 shares of the footwear maker’s stock worth $13,588,000 after purchasing an additional 11,646 shares during the period. Institutional investors and hedge funds own 64.25% of the company’s stock.

Key Headlines Impacting NIKE

Here are the key news stories impacting NIKE this week:

• Negative Sentiment: NIKE was downgraded by Zacks Research from “hold” to “strong sell,” reinforcing bearish sentiment around the stock. Tickerreport.com
• Negative Sentiment: Technical weakness remains a concern after NIKE slipped below its 50-day moving average, with analysts pointing to inventory cleanup, weak sportswear trends, and China-related pressure on sales and margins. Zacks.com
• Negative Sentiment: A DCF analysis valued NIKE well below its market price, suggesting the shares could still be overvalued if earnings growth does not reaccelerate. GuruFocus
• Negative Sentiment: Recent coverage noted that NIKE’s stock declined while the broader market improved, highlighting continuing investor skepticism about the turnaround story. Yahoo Finance
• Neutral Sentiment: NIKE is expanding its use of AI and launched an internal AI learning platform for employees, but management also warned that productivity gains may take time and could be overstated in the near term. Yahoo Finance
• Neutral Sentiment: Commentary continues to emphasize NIKE’s strong brand appeal and long-term consumer loyalty, which could help support a future rebound if execution improves. 247WallSt

NIKE Stock Up 0.2%

NKE stock opened at $43.82 on Thursday. NIKE, Inc. has a one year low of $41.35 and a one year high of $80.17. The stock has a market capitalization of $64.89 billion, a PE ratio of 29.02, a price-to-earnings-growth ratio of 1.86 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. The company has a fifty day moving average of $45.25 and a 200-day moving average of $56.31.

NIKE (NYSE:NKE) last released its earnings results on Tuesday, March 31st. The footwear maker reported $0.35 EPS for the quarter, topping the consensus estimate of $0.29 by $0.06. NIKE had a net margin of 4.84% and a return on equity of 16.41%. The company had revenue of $11.28 billion during the quarter, compared to analysts’ expectations of $11.23 billion. During the same quarter last year, the business earned $0.54 EPS. The business’s revenue was up .1% on a year-over-year basis. As a group, analysts expect that NIKE, Inc. will post 1.5 EPS for the current year.

NIKE Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on NKE shares. Truist Financial decreased their price target on shares of NIKE from $69.00 to $57.00 and set a “buy” rating for the company in a research note on Wednesday, April 1st. Wall Street Zen upgraded shares of NIKE from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. DA Davidson cut shares of NIKE from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $72.00 to $46.00 in a research note on Thursday, April 2nd. Robert W. Baird decreased their price target on shares of NIKE from $85.00 to $70.00 and set an “outperform” rating for the company in a research note on Wednesday, April 1st. Finally, Evercore decreased their price target on shares of NIKE from $69.00 to $57.00 and set an “outperform” rating for the company in a research note on Wednesday, April 1st. Sixteen research analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $62.04.

Insider Activity

In other news, CEO Elliott Hill bought 23,660 shares of NIKE stock in a transaction dated Monday, April 13th. The stock was bought at an average price of $42.27 per share, for a total transaction of $1,000,108.20. Following the purchase, the chief executive officer owned 265,247 shares of the company’s stock, valued at approximately $11,211,990.69. The trade was a 9.79% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Robert Holmes Swan purchased 11,781 shares of the business’s stock in a transaction dated Tuesday, April 7th. The stock was bought at an average price of $42.44 per share, with a total value of $499,985.64. Following the acquisition, the director directly owned 55,074 shares in the company, valued at approximately $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 purchased a total of 64,441 shares of company stock worth $2,734,204 over the last quarter. 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).