Rule One Partners LLC Invests $2.36 Million in NIKE, Inc. $NKE

Rule One Partners LLC bought a new position in shares of NIKE, Inc. (NYSE:NKE) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm bought 37,001 shares of the footwear maker’s stock, valued at approximately $2,357,000. NIKE makes up approximately 0.3% of Rule One Partners LLC’s investment portfolio, making the stock its 6th biggest position.

A number of other institutional investors and hedge funds also recently modified their holdings of NKE. Norges Bank bought a new stake in NIKE in the 4th quarter valued at approximately $829,956,000. Harris Associates L P acquired a new stake in NIKE in the second quarter valued at $621,525,000. Capital World Investors boosted its position in NIKE by 16.2% during the fourth quarter. Capital World Investors now owns 49,069,951 shares of the footwear maker’s stock valued at $3,126,246,000 after acquiring an additional 6,830,938 shares during the last quarter. Capital International Investors raised its holdings in shares of NIKE by 83.3% during the fourth quarter. Capital International Investors now owns 7,642,382 shares of the footwear maker’s stock valued at $486,895,000 after purchasing an additional 3,472,515 shares during the period. Finally, Ameriprise Financial Inc. increased its position in shares of NIKE by 129.4% during the second quarter. Ameriprise Financial Inc. now owns 5,849,636 shares of the footwear maker’s stock worth $411,951,000 after acquiring an additional 3,299,155 shares in the last quarter. 64.25% of the stock is owned by institutional investors.

NIKE Stock Performance

Shares of NIKE stock opened at $43.26 on Tuesday. The firm has a market capitalization of $64.07 billion, a P/E ratio of 28.65, a P/E/G ratio of 1.86 and a beta of 1.12. NIKE, Inc. has a 52 week low of $41.35 and a 52 week high of $80.17. The company has a quick ratio of 1.45, a current ratio of 2.14 and a debt-to-equity ratio of 0.50. The firm’s 50 day moving average is $44.67 and its two-hundred day moving average is $55.89.

NIKE (NYSE:NKE) last announced its quarterly earnings data on Tuesday, March 31st. The footwear maker reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates 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 posted $0.54 earnings per share. NIKE’s quarterly revenue was up .1% on a year-over-year basis. Research analysts forecast that NIKE, Inc. will post 1.49 EPS for the current fiscal year.

NIKE Dividend Announcement

The company also recently declared 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. This represents a $1.64 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date is Monday, June 1st. NIKE’s dividend payout ratio (DPR) is 108.61%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Robert W. Baird cut their price objective on shares of NIKE from $85.00 to $70.00 and set an “outperform” rating for the company in a research report on Wednesday, April 1st. Royal Bank Of Canada reiterated a “buy” rating on shares of NIKE in a research report on Wednesday, April 1st. Piper Sandler reaffirmed a “neutral” rating and issued a $50.00 target price (down from $60.00) on shares of NIKE in a report on Friday, April 10th. Stifel Nicolaus decreased their price target on NIKE from $65.00 to $56.00 and set a “hold” rating for the company in a research note on Wednesday, April 1st. Finally, BTIG Research decreased their price objective on NIKE from $90.00 to $75.00 and set a “buy” rating for the company in a report on Wednesday, April 1st. Sixteen investment analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat, NIKE currently has an average rating of “Hold” and a consensus target price of $62.04.

NIKE News Roundup

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: NIKE’s footwear business is showing early signs of stabilization, with running and football products gaining traction and innovation-led products improving the sales mix. Is NIKE’s Footwear Business Showing Signs of Stabilization?
• Positive Sentiment: Wall Street is looking more favorably on NIKE’s World Cup and football push, seeing it as a way to reconnect with the brand’s core sports identity and support a turnaround. Nike’s football push gains Wall Street optimism ahead of World Cup, but turnaround concerns remain
• Positive Sentiment: Under CEO Elliott Hill, NIKE is accelerating an operational and brand reset with initiatives like “Win Now” and “Sport Offense,” aimed at refocusing on core sports, wholesale relationships, and athlete-driven marketing. Nike’s Reset Under Elliott Hill Tests Core Sports And Investor Patience
• Neutral Sentiment: Some investors remain cautious, with recent articles noting recovery risks, tariff pressure, softer demand in Greater China, and competitive threats from brands like Li Ning.
• Neutral Sentiment: Several recent fund and stock-commentary pieces highlight that institutional sentiment is still mixed, with some investors selling while others argue NIKE remains attractively positioned for a longer-term rebound.

Insider Transactions at NIKE

In related news, Director John W. Rogers, Jr. bought 4,000 shares of the stock in a transaction dated Thursday, April 9th. The stock was bought at an average cost of $43.34 per share, with a total value of $173,360.00. Following the completion of the acquisition, the director owned 41,022 shares of the company’s stock, valued at $1,777,893.48. This trade represents a 10.80% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 acquired 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 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 ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have acquired a total of 64,441 shares of company stock valued at $2,734,204 over the last ninety days. 0.80% of the stock is currently owned by company 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).