Fjarde AP Fonden Fourth Swedish National Pension Fund Trims Position in NIKE, Inc. $NKE

Fjarde AP Fonden Fourth Swedish National Pension Fund lessened its holdings in shares of NIKE, Inc. (NYSE:NKE) by 10.0% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 272,492 shares of the footwear maker’s stock after selling 30,400 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in NIKE were worth $17,360,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in NKE. Gordian Capital Singapore Pte Ltd purchased a new position in shares of NIKE during the 3rd quarter worth $35,000. Accredited Wealth Management LLC lifted its stake in shares of NIKE by 268.6% during the 3rd quarter. Accredited Wealth Management LLC now owns 516 shares of the footwear maker’s stock worth $36,000 after purchasing an additional 376 shares during the period. Matrix Trust Co lifted its stake in shares of NIKE by 43.6% during the 4th quarter. Matrix Trust Co now owns 596 shares of the footwear maker’s stock worth $38,000 after purchasing an additional 181 shares during the period. Ares Financial Consulting LLC purchased a new position in shares of NIKE during the 4th quarter worth $40,000. Finally, Strive Asset Management LLC purchased a new position in shares of NIKE during the 3rd quarter worth $40,000. Hedge funds and other institutional investors own 64.25% of the company’s stock.

Insider Buying and Selling

In related news, CEO Elliott Hill purchased 23,660 shares of the stock in a transaction that occurred on Monday, April 13th. The stock was purchased at an average cost of $42.27 per share, for a total transaction of $1,000,108.20. Following the acquisition, the chief executive officer owned 265,247 shares in the company, valued at approximately $11,211,990.69. This trade represents a 9.79% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Timothy D. Cook purchased 25,000 shares of the stock in a transaction that occurred on Friday, April 10th. The stock was bought at an average price of $42.43 per share, with a total value of $1,060,750.00. Following the completion of the acquisition, the director owned 130,480 shares in the company, valued at $5,536,266.40. This represents a 23.70% increase in their position. The SEC filing for this purchase provides additional information. Insiders have bought a total of 64,441 shares of company stock valued at $2,734,204 in the last 90 days. 0.80% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research analysts have weighed in on NKE shares. Weiss Ratings raised NIKE from a “sell (d)” rating to a “sell (d+)” rating in a research note on Friday, May 22nd. Royal Bank Of Canada reaffirmed a “buy” rating on shares of NIKE in a research report on Wednesday, April 1st. BTIG Research cut their target price on NIKE from $90.00 to $75.00 and set a “buy” rating on the stock in a research report on Wednesday, April 1st. DZ Bank reaffirmed a “buy” rating on shares of NIKE in a research report on Tuesday, April 21st. Finally, CICC Research lowered NIKE from an “outperform” rating to a “market perform” rating and cut their target price for the stock from $69.00 to $58.00 in a research report on Monday, April 6th. Sixteen 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’s stock. According to data from MarketBeat.com, NIKE presently has an average rating of “Hold” and a consensus target price of $62.04.

NIKE Trading Down 1.3%

Shares of NKE opened at $43.05 on Friday. The company has a current ratio of 2.14, a quick ratio of 1.45 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $63.75 billion, a P/E ratio of 28.51, a price-to-earnings-growth ratio of 1.86 and a beta of 1.12. The stock’s fifty day simple moving average is $44.85 and its 200 day simple moving average is $56.08. NIKE, Inc. has a twelve month low of $41.35 and a twelve month high of $80.17.

NIKE (NYSE:NKE) last issued its earnings results on Tuesday, March 31st. The footwear maker reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.06. The business had revenue of $11.28 billion for the quarter, compared to analyst estimates of $11.23 billion. NIKE had a return on equity of 16.41% and a net margin of 4.84%.The business’s quarterly revenue was up .1% on a year-over-year basis. During the same period last year, the company posted $0.54 EPS. On average, equities research analysts forecast that NIKE, Inc. will post 1.49 earnings per share for the current year.

NIKE Dividend Announcement

The business 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 $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 3.8%. The ex-dividend date is Monday, June 1st. NIKE’s dividend payout ratio is currently 108.61%.

More 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

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).