NIKE, Inc. $NKE Stock Position Lifted by Marble Harbor Investment Counsel LLC

Marble Harbor Investment Counsel LLC lifted its holdings in NIKE, Inc. (NYSE:NKE) by 118.8% in the 4th quarter, HoldingsChannel reports. The firm owned 60,005 shares of the footwear maker’s stock after purchasing an additional 32,575 shares during the quarter. Marble Harbor Investment Counsel LLC’s holdings in NIKE were worth $3,823,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of NKE. Harris Associates L P bought a new position in shares of NIKE in the second quarter worth $621,525,000. Jennison Associates LLC grew its stake in shares of NIKE by 42.3% in the third quarter. Jennison Associates LLC now owns 11,838,528 shares of the footwear maker’s stock worth $825,501,000 after purchasing an additional 3,518,666 shares in the last quarter. Ameriprise Financial Inc. grew its stake in shares of NIKE by 129.4% in the second quarter. Ameriprise Financial Inc. now owns 5,849,636 shares of the footwear maker’s stock worth $411,951,000 after purchasing an additional 3,299,155 shares in the last quarter. Flossbach Von Storch SE grew its stake in shares of NIKE by 29.3% in the fourth quarter. Flossbach Von Storch SE now owns 12,753,317 shares of the footwear maker’s stock worth $812,514,000 after purchasing an additional 2,886,856 shares in the last quarter. Finally, Sustainable Growth Advisers LP bought a new position in shares of NIKE in the third quarter worth $190,182,000. Institutional investors own 64.25% of the company’s stock.

Insider Buying and Selling at NIKE

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

Trending Headlines about NIKE

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: NIKE is expanding its digital and technology strategy by partnering with Google to use AI tools that could improve product discovery and support sales growth. Nike Turns to Google’s AI to Lift Sales, But NKE Stock Keeps Falling
• Neutral Sentiment: Several articles frame NIKE versus Wolverine as a comparison of business models, with NIKE leaning on athlete-led innovation and direct-to-consumer reach while Wolverine emphasizes niche brands and tighter promotions. NIKE vs. Wolverine: Which Footwear Player Is Built to Win?
• Neutral Sentiment: Some investors and commentators are asking whether NIKE stock looks attractive after recent weakness, suggesting the market is weighing recovery potential against ongoing execution risks. Should You Buy the Dip on Nike Stock?
• Negative Sentiment: Ongoing weakness in China remains the biggest near-term concern, with reports citing soft consumer demand, stronger local competition, and inventory issues that could delay a sustained rebound. Is NIKE’s China Recovery a Catalyst or Continuing Concern?

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. Citigroup decreased their price objective on shares of NIKE from $65.00 to $53.00 and set a “neutral” rating for the company in a report on Wednesday, April 1st. Robert W. Baird decreased their price objective on shares of NIKE from $85.00 to $70.00 and set an “outperform” rating for the company in a report on Wednesday, April 1st. UBS Group decreased their price objective on shares of NIKE from $58.00 to $54.00 and set a “neutral” rating for the company in a report on Wednesday, April 1st. Stifel Nicolaus decreased their price objective on shares of NIKE from $65.00 to $56.00 and set a “hold” rating for the company in a report on Wednesday, April 1st. Finally, DZ Bank reiterated a “buy” rating on shares of NIKE in a report on Tuesday, April 21st. Sixteen analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $62.04.

NIKE Trading Down 0.3%

Shares of NKE stock opened at $42.44 on Wednesday. The stock has a 50-day simple moving average of $47.29 and a 200 day simple moving average of $57.70. NIKE, Inc. has a fifty-two week low of $41.35 and a fifty-two week high of $80.17. The stock has a market capitalization of $62.85 billion, a P/E ratio of 28.11, a P/E/G ratio of 2.26 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 (NYSE:NKE) last issued its earnings results 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. The firm had revenue of $11.28 billion during the quarter, compared to analysts’ expectations of $11.23 billion. NIKE had a net margin of 4.84% and a return on equity of 16.41%. The firm’s revenue for the quarter was up .1% compared to the same quarter last year. During the same period last year, the firm posted $0.54 earnings per share. On average, sell-side analysts expect that NIKE, Inc. will post 1.51 earnings per share for the current fiscal year.

NIKE Announces Dividend

The firm also recently announced 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 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date is Monday, June 1st. NIKE’s dividend payout ratio (DPR) is presently 108.61%.

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).