Thrivent Financial for Lutherans Acquires 18,823 Shares of NIKE, Inc. $NKE

Thrivent Financial for Lutherans increased its holdings in shares of NIKE, Inc. (NYSE:NKE) by 32.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 76,421 shares of the footwear maker’s stock after acquiring an additional 18,823 shares during the period. Thrivent Financial for Lutherans’ holdings in NIKE were worth $4,846,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Guerra Advisors Inc bought a new position in NIKE in the 3rd quarter valued at $34,000. Gordian Capital Singapore Pte Ltd bought a new position in NIKE in the 3rd quarter valued at $35,000. Accredited Wealth Management LLC boosted its position in NIKE by 268.6% in the 3rd quarter. Accredited Wealth Management LLC now owns 516 shares of the footwear maker’s stock valued at $36,000 after buying an additional 376 shares during the last quarter. Matrix Trust Co boosted its position in NIKE by 43.6% in the 4th quarter. Matrix Trust Co now owns 596 shares of the footwear maker’s stock valued at $38,000 after buying an additional 181 shares during the last quarter. Finally, Ares Financial Consulting LLC bought a new position in NIKE in the 4th quarter valued at $40,000. 64.25% of the stock is currently owned by institutional investors.

Key Stories Impacting NIKE

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: NIKE shares are benefiting from a shift into consumer and cyclical stocks as market breadth improves, helping lift sentiment around the name. Nike Stock Is Testing A Level That Could Define The Next Move
• Positive Sentiment: Lower energy prices and softer long-term Treasury yields are helping consumer discretionary stocks, including NIKE, by easing inflation worries and supporting expectations for resilient consumer spending. Nike Stock Soars As Energy Prices And Bond Yields Drop
• Neutral Sentiment: NIKE remains a heavily watched stock, with recent articles and trending searches suggesting investors are actively reassessing the name rather than reacting to a single fundamental catalyst. NIKE, Inc. (NKE) Is a Trending Stock: Facts to Know Before Betting on It
• Neutral Sentiment: Analyst and commentary pieces are focused on whether NIKE is ready for a turnaround, but they do not point to a clear near-term catalyst on their own. Is Nike Stock (NKE) Ready for a Turnaround?
• Negative Sentiment: Some recent analysis remains cautious, arguing NIKE is still not cheap enough or that the operating environment is tough, which could limit upside if investors demand clearer evidence of a rebound. Nike: Not Cheap Enough Yet

Insider Transactions at NIKE

In other news, CEO Elliott Hill purchased 23,660 shares of the company’s stock in a transaction on Monday, April 13th. The shares were purchased at an average price of $42.27 per share, with a total value of $1,000,108.20. Following the purchase, the chief executive officer directly owned 265,247 shares of the company’s stock, valued at $11,211,990.69. This trade represents a 9.79% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director John W. Rogers, Jr. purchased 4,000 shares of the company’s stock in a transaction on Thursday, April 9th. The stock was purchased at an average cost of $43.34 per share, for a total transaction of $173,360.00. Following the purchase, the director directly owned 41,022 shares in the company, valued at approximately $1,777,893.48. This trade represents a 10.80% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders bought 64,441 shares of company stock worth $2,734,204. Company insiders own 0.80% of the company’s stock.

Analyst Upgrades and Downgrades

NKE has been the topic of a number of recent research reports. Royal Bank Of Canada reiterated a “buy” rating on shares of NIKE in a research report on Wednesday, April 1st. Williams Trading decreased their price objective on NIKE from $80.00 to $57.00 and set a “buy” rating on the stock in a research report on Wednesday, April 1st. DZ Bank reiterated a “buy” rating on shares of NIKE in a research report on Tuesday, April 21st. UBS Group reduced their price target on NIKE from $58.00 to $54.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 1st. Finally, DA Davidson lowered NIKE from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $72.00 to $46.00 in a research report on Thursday, April 2nd. Sixteen equities research analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $62.04.

NIKE Stock Performance

NKE stock opened at $44.40 on Friday. The business’s 50-day moving average price is $46.81 and its two-hundred day moving average price is $57.41. 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 cap of $65.75 billion, a PE ratio of 29.40, a P/E/G ratio of 2.34 and a beta of 1.12. NIKE, Inc. has a 1-year low of $41.35 and a 1-year high of $80.17.

NIKE (NYSE:NKE) last posted 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 firm 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 company’s revenue for the quarter was up .1% on a year-over-year basis. During the same period in the previous year, the company posted $0.54 earnings per share. As a group, research analysts forecast that NIKE, Inc. will post 1.51 earnings per share for the current year.

NIKE Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Monday, June 1st will be paid a $0.41 dividend. The ex-dividend date of this dividend is Monday, June 1st. This represents a $1.64 annualized dividend and a dividend yield of 3.7%. NIKE’s dividend payout ratio (DPR) is currently 108.61%.

NIKE Company 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).