WINTON GROUP Ltd Cuts Holdings in NIKE, Inc. $NKE

WINTON GROUP Ltd trimmed its position in NIKE, Inc. (NYSE:NKE) by 6.9% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 241,240 shares of the footwear maker’s stock after selling 17,941 shares during the quarter. NIKE comprises about 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.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. grew its stake in shares of NIKE by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 116,993,541 shares of the footwear maker’s stock worth $7,453,658,000 after buying an additional 1,702,342 shares in the last quarter. Capital World Investors increased its position in shares of NIKE by 0.7% during the 3rd quarter. Capital World Investors now owns 42,239,013 shares of the footwear maker’s stock valued at $2,945,326,000 after purchasing an additional 286,615 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of NIKE by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 26,442,879 shares of the footwear maker’s stock worth $1,677,251,000 after acquiring an additional 233,925 shares during the last quarter. Norges Bank purchased a new position in shares of NIKE during the 4th quarter worth about $829,956,000. Finally, Flossbach Von Storch SE boosted its position in shares of NIKE by 29.3% during the fourth quarter. Flossbach Von Storch SE now owns 12,753,317 shares of the footwear maker’s stock valued at $812,514,000 after buying an additional 2,886,856 shares during the period. 64.25% of the stock is owned by hedge funds and other institutional investors.

NIKE Stock Down 1.3%

Shares of NIKE stock opened at $43.05 on Friday. The firm’s 50 day moving average price is $44.85 and its 200-day moving average price is $56.08. 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, Inc. has a 52-week low of $41.35 and a 52-week high of $80.17. The company has a market cap of $63.75 billion, a P/E ratio of 28.51, a PEG ratio of 1.89 and a beta of 1.12.

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

NIKE Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Monday, June 1st will be given a $0.41 dividend. 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%.

Insiders Place Their Bets

In other news, Director Robert Holmes Swan bought 11,781 shares of NIKE stock in a transaction that occurred on Tuesday, April 7th. The stock was bought at an average price of $42.44 per share, for a total transaction of $499,985.64. Following the purchase, the director directly owned 55,074 shares of the company’s stock, valued at approximately $2,337,340.56. The trade was a 27.21% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, 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, for a total transaction of $1,000,108.20. Following the purchase, the chief executive officer owned 265,247 shares in the company, valued at approximately $11,211,990.69. The trade was a 9.79% increase in their position. The SEC filing for this purchase provides additional information. Insiders have acquired a total of 64,441 shares of company stock worth $2,734,204 over the last ninety days. Insiders own 0.80% of the company’s stock.

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

NKE has been the topic of several research analyst reports. Wall Street Zen raised NIKE from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. Piper Sandler restated a “neutral” rating and set a $50.00 price objective (down from $60.00) on shares of NIKE in a report on Friday, April 10th. HSBC lowered NIKE from a “buy” rating to a “hold” rating and decreased their target price for the company from $90.00 to $48.00 in a research report on Monday, April 13th. China Renaissance cut their price target on NIKE from $74.60 to $50.30 and set a “hold” rating on the stock in a research note on Thursday, April 2nd. Finally, DA Davidson lowered shares of NIKE from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $72.00 to $46.00 in a research note on Thursday, April 2nd. Sixteen equities research analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price 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).