MidFirst Bank Acquires New Shares in NIKE, Inc. $NKE

MidFirst Bank bought a new stake in NIKE, Inc. (NYSE:NKE) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 46,958 shares of the footwear maker’s stock, valued at approximately $2,992,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Westerkirk Capital Inc. grew its stake in NIKE by 52.4% in the fourth quarter. Westerkirk Capital Inc. now owns 131,220 shares of the footwear maker’s stock valued at $8,360,000 after purchasing an additional 45,100 shares in the last quarter. Mizuho Markets Cayman LP bought a new stake in shares of NIKE during the 3rd quarter worth approximately $34,200,000. OMERS ADMINISTRATION Corp raised its stake in shares of NIKE by 77.9% during the 4th quarter. OMERS ADMINISTRATION Corp now owns 2,526,179 shares of the footwear maker’s stock worth $160,943,000 after purchasing an additional 1,106,499 shares in the last quarter. PFA Pension Forsikringsaktieselskab acquired a new stake in shares of NIKE in the 4th quarter valued at approximately $43,188,000. Finally, Strive Asset Management LLC acquired a new stake in shares of NIKE in the 3rd quarter valued at approximately $1,743,000. Institutional investors own 64.25% of the company’s stock.

NIKE Stock Up 2.3%

NIKE stock opened at $45.22 on Friday. The stock has a market cap of $66.97 billion, a P/E ratio of 29.95, a P/E/G ratio of 1.91 and a beta of 1.12. The company has a quick ratio of 1.45, a current ratio of 2.14 and a debt-to-equity ratio of 0.50. NIKE, Inc. has a twelve month low of $41.35 and a twelve month high of $80.17. The company’s 50-day moving average price is $44.35 and its two-hundred day moving average price is $54.85.

NIKE (NYSE:NKE) last issued 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. NIKE had a net margin of 4.84% and a return on equity of 16.41%. The firm had revenue of $11.28 billion during the quarter, compared to the consensus estimate of $11.23 billion. During the same period last year, the business posted $0.54 earnings per share. The business’s revenue for the quarter was up .1% compared to the same quarter last year. As a group, analysts expect that NIKE, Inc. will post 1.49 EPS for the current year.

NIKE Announces Dividend

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 issued a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend is Monday, June 1st. NIKE’s dividend payout ratio (DPR) is presently 108.61%.

Analysts Set New Price Targets

NKE has been the topic of a number of recent analyst reports. Evercore lowered their target price on shares of NIKE from $69.00 to $57.00 and set an “outperform” rating on the stock in a report on Wednesday, April 1st. Weiss Ratings cut shares of NIKE from a “sell (d+)” rating to a “sell (d)” rating in a research note on Monday, June 8th. Zacks Research lowered shares of NIKE from a “hold” rating to a “strong sell” rating in a research note on Monday, June 1st. DZ Bank reaffirmed a “buy” rating on shares of NIKE in a report on Tuesday, April 21st. Finally, DA Davidson lowered NIKE from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $72.00 to $46.00 in a research note on Thursday, April 2nd. 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 stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $60.89.

NIKE News Roundup

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: NIKE is getting a lift from renewed investor attention and momentum after recently outperforming the broader market, with shares rising as traders reassess the stock’s value after a steep multi-year selloff. Article Title
• Positive Sentiment: The company continues to benefit from high-profile brand exposure tied to the World Cup and strong merchandise activity, which could support sales and marketing momentum if it translates into better demand. Article Title
• Positive Sentiment: Some commentary is highlighting NIKE’s elevated dividend yield and “fair value” case after the stock’s long pullback, which may be attracting value-oriented investors. Article Title
• Neutral Sentiment: NIKE announced that board member John Rogers, Jr. will retire after the September 2026 annual meeting and then serve as a strategic advisor; the move appears orderly and not disruptive, so it is unlikely to be a major stock driver. Article Title
• Neutral Sentiment: Investor chatter remains mixed, with articles noting NIKE’s turnaround pressure, upcoming earnings later this month, and a consensus Hold rating from analysts. Article Title

Insiders Place Their Bets

In other NIKE news, EVP Philip Mccartney sold 17,398 shares of the stock in a transaction on Friday, June 12th. The stock was sold at an average price of $46.18, for a total transaction of $803,439.64. Following the transaction, the executive vice president owned 53,133 shares in the company, valued at $2,453,681.94. This trade represents a 24.67% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Timothy D. Cook bought 25,000 shares of NIKE stock in a transaction dated Friday, April 10th. The stock was acquired at an average cost of $42.43 per share, with a total value of $1,060,750.00. Following the transaction, the director owned 130,480 shares of the company’s stock, valued at $5,536,266.40. This trade represents a 23.70% increase in their position. The SEC filing for this purchase provides additional information. Insiders purchased a total of 64,441 shares of company stock worth $2,734,204 over the last three months. 0.80% of the stock is currently owned by corporate insiders.

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).