Josh Arnold Investment Consultant LLC Invests $1.58 Million in NIKE, Inc. $NKE

Josh Arnold Investment Consultant LLC acquired a new stake in shares of NIKE, Inc. (NYSE:NKE) during the fourth quarter, according to its most recent disclosure with the SEC. The fund acquired 24,825 shares of the footwear maker’s stock, valued at approximately $1,582,000. NIKE makes up about 0.9% of Josh Arnold Investment Consultant LLC’s holdings, making the stock its 9th largest position.

Other hedge funds also recently made changes to their positions in the company. Mcguire Capital Advisors Inc. purchased a new stake in NIKE in the 4th quarter worth approximately $222,000. TMB Capital Partners LLC purchased a new position in NIKE during the fourth quarter valued at approximately $637,000. Invesco Ltd. lifted its holdings in NIKE by 6.4% during the fourth quarter. Invesco Ltd. now owns 13,366,254 shares of the footwear maker’s stock valued at $851,564,000 after purchasing an additional 804,920 shares in the last quarter. Michels Family Financial LLC boosted its position in shares of NIKE by 14.8% in the fourth quarter. Michels Family Financial LLC now owns 9,016 shares of the footwear maker’s stock worth $574,000 after purchasing an additional 1,159 shares during the period. Finally, Rare Wolf Capital LLC bought a new position in shares of NIKE in the fourth quarter worth approximately $1,259,000. 64.25% of the stock is currently owned by institutional investors.

NIKE News Summary

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

NIKE Price Performance

NKE stock opened at $45.22 on Friday. NIKE, Inc. has a one year low of $41.35 and a one year high of $80.17. The company’s fifty day moving average price is $44.35 and its 200-day moving average price is $54.85. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.45 and a current ratio of 2.14. The company has a market capitalization of $66.97 billion, a PE ratio of 29.95, a price-to-earnings-growth ratio of 1.91 and a beta of 1.12.

NIKE (NYSE:NKE) last posted its earnings results on Tuesday, March 31st. The footwear maker reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.06. The company 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%. NIKE’s quarterly revenue was up .1% on a year-over-year basis. During the same period last year, the company posted $0.54 earnings per share. On average, equities analysts anticipate that NIKE, Inc. will post 1.49 EPS for the current fiscal year.

NIKE Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Monday, June 1st will be given a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 3.6%. The ex-dividend date is Monday, June 1st. NIKE’s payout ratio is currently 108.61%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on NKE. Zacks Research downgraded shares of NIKE from a “hold” rating to a “strong sell” rating in a research report on Monday, June 1st. Bank of America reaffirmed a “neutral” rating and issued a $55.00 target price (down from $73.00) on shares of NIKE in a report on Wednesday, April 1st. Truist Financial cut their price target on NIKE from $69.00 to $57.00 and set a “buy” rating for the company in a research note on Wednesday, April 1st. Williams Trading decreased their price target on NIKE from $80.00 to $57.00 and set a “buy” rating on the stock in a report on Wednesday, April 1st. Finally, Piper Sandler restated a “neutral” rating and issued a $50.00 price objective (down from $60.00) on shares of NIKE in a research report on Friday, April 10th. Fifteen analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, NIKE presently has an average rating of “Hold” and an average target price of $60.89.

Insider Activity at NIKE

In other NIKE news, Director John W. Rogers, Jr. bought 4,000 shares of the business’s stock in a transaction that occurred on Thursday, April 9th. The stock was purchased at an average cost of $43.34 per share, with a total value of $173,360.00. Following the completion of the acquisition, the director owned 41,022 shares in the company, valued at $1,777,893.48. This trade represents a 10.80% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Philip Mccartney sold 17,398 shares of the business’s 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 completion of the sale, the executive vice president owned 53,133 shares in the company, valued at $2,453,681.94. This represents a 24.67% decrease in their position. The disclosure for this sale is available in the SEC filing. 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. Insiders purchased 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 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).