NIKE, Inc. $NKE Shares Sold by WINTON GROUP Ltd

WINTON GROUP Ltd lessened its stake in NIKE, Inc. (NYSE:NKE) by 6.9% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 241,240 shares of the footwear maker’s stock after selling 17,941 shares during the period. NIKE comprises 0.5% of WINTON GROUP Ltd’s investment portfolio, making the stock its 25th biggest position. WINTON GROUP Ltd’s holdings in NIKE were worth $15,369,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Brighton Jones LLC increased its stake in shares of NIKE by 388.5% in the 4th quarter. Brighton Jones LLC now owns 202,411 shares of the footwear maker’s stock valued at $15,316,000 after purchasing an additional 160,980 shares in the last quarter. Caxton Associates LLP acquired a new stake in NIKE in the first quarter valued at approximately $311,000. United Bank raised its stake in shares of 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 buying an additional 1,736 shares during the period. NewEdge Advisors LLC lifted its position in shares of NIKE by 0.3% during the 2nd quarter. NewEdge Advisors LLC now owns 64,161 shares of the footwear maker’s stock valued at $4,558,000 after buying an additional 197 shares in the last quarter. Finally, CIBC Asset Management Inc raised its position in NIKE by 6.5% during the second quarter. CIBC Asset Management Inc now owns 191,268 shares of the footwear maker’s stock worth $13,588,000 after acquiring an additional 11,646 shares during the period. 64.25% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at NIKE

In other news, CEO Elliott Hill acquired 23,660 shares of the company’s stock in a transaction dated Monday, April 13th. The stock was acquired at an average cost of $42.27 per share, with a total value of $1,000,108.20. Following the completion of the purchase, the chief executive officer owned 265,247 shares of the company’s stock, valued at $11,211,990.69. This represents a 9.79% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, Director Robert Holmes Swan acquired 11,781 shares of the company’s stock in a transaction dated Tuesday, April 7th. The stock was purchased at an average cost of $42.44 per share, with a total value of $499,985.64. Following the completion of the purchase, the director directly owned 55,074 shares of the company’s stock, valued at approximately $2,337,340.56. This represents a 27.21% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have purchased 64,441 shares of company stock valued at $2,734,204 over the last three months. 0.80% of the stock is currently owned by company insiders.

NIKE Stock Down 1.3%

Shares of NYSE:NKE opened at $43.05 on Friday. The business has a 50-day moving average price of $44.85 and a 200 day moving average price of $56.08. NIKE, Inc. has a 12-month low of $41.35 and a 12-month high of $80.17. 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 company has a market capitalization of $63.75 billion, a price-to-earnings ratio of 28.51, a PEG ratio of 1.89 and a beta of 1.12.

NIKE (NYSE:NKE) last announced 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. 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 analyst estimates of $11.23 billion. During the same quarter last year, the firm posted $0.54 earnings per share. NIKE’s revenue was up .1% compared to the same quarter last year. Sell-side analysts expect that NIKE, Inc. will post 1.49 EPS for the current year.

NIKE Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Monday, June 1st will be given a dividend of $0.41 per share. The ex-dividend date of this dividend is Monday, June 1st. This represents a $1.64 dividend on an annualized basis and a dividend yield of 3.8%. NIKE’s dividend payout ratio (DPR) is presently 108.61%.

Key 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

Analyst Upgrades and Downgrades

A number of research firms have recently commented on NKE. BTIG Research cut their target price on shares of NIKE from $90.00 to $75.00 and set a “buy” rating for the company in a research note on Wednesday, April 1st. UBS Group reaffirmed a “neutral” rating and issued a $54.00 price target on shares of NIKE in a research note on Friday. Guggenheim reduced their target price on shares of NIKE from $77.00 to $74.00 and set a “buy” rating for the company in a research report on Wednesday, April 1st. The Goldman Sachs Group reiterated a “neutral” rating and set a $52.00 price objective on shares of NIKE in a research report on Friday. Finally, Wall Street Zen upgraded NIKE from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. Sixteen equities research analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and three have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $62.04.

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).