Capital Research Global Investors Takes Position in NIKE, Inc. $NKE

Capital Research Global Investors bought a new stake in NIKE, Inc. (NYSE:NKE) in the fourth quarter, HoldingsChannel reports. The firm bought 2,602,138 shares of the footwear maker’s stock, valued at approximately $165,782,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Mizuho Markets Cayman LP purchased a new position in NIKE during the third quarter valued at $34,200,000. PFA Pension Forsikringsaktieselskab purchased a new position in NIKE during the fourth quarter valued at $43,188,000. Strive Asset Management LLC purchased a new position in NIKE during the third quarter valued at $1,743,000. Nicholas Company Inc. raised its stake in NIKE by 33.3% during the fourth quarter. Nicholas Company Inc. now owns 123,652 shares of the footwear maker’s stock valued at $7,878,000 after buying an additional 30,890 shares during the last quarter. Finally, Park National Corp OH raised its stake in NIKE by 81.5% during the fourth quarter. Park National Corp OH now owns 431,055 shares of the footwear maker’s stock valued at $27,463,000 after buying an additional 193,514 shares during the last quarter. Hedge funds and other institutional investors own 64.25% of the company’s stock.

NIKE Stock Up 0.7%

NKE stock opened at $43.26 on Tuesday. NIKE, Inc. has a 1-year low of $41.35 and a 1-year high of $80.17. The business has a fifty day moving average price of $44.67 and a 200-day moving average price of $55.89. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.14 and a quick ratio of 1.45. The stock has a market capitalization of $64.07 billion, a P/E ratio of 28.65, a P/E/G ratio of 1.86 and a beta of 1.12.

NIKE (NYSE:NKE) last posted its quarterly 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 return on equity of 16.41% and a net margin of 4.84%.The firm had revenue of $11.28 billion during the quarter, compared to analysts’ expectations of $11.23 billion. During the same quarter in the previous year, the business earned $0.54 earnings per share. The company’s revenue was up .1% on a year-over-year basis. Equities analysts forecast that NIKE, Inc. will post 1.49 earnings per share for the current fiscal year.

NIKE Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Monday, June 1st will be paid a $0.41 dividend. The ex-dividend date is Monday, June 1st. This represents a $1.64 annualized dividend and a dividend yield of 3.8%. NIKE’s payout ratio is currently 108.61%.

Insiders Place Their Bets

In other NIKE news, Director Timothy D. Cook purchased 25,000 shares of the firm’s stock in a transaction dated Friday, April 10th. The stock was purchased at an average price of $42.43 per share, for a total transaction of $1,060,750.00. Following the completion of the purchase, the director directly owned 130,480 shares of the company’s stock, valued at $5,536,266.40. This trade represents a 23.70% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director John W. Rogers, Jr. purchased 4,000 shares of the firm’s stock in a transaction dated Thursday, April 9th. The stock was acquired at an average price of $43.34 per share, with a total value of $173,360.00. Following the purchase, the director directly owned 41,022 shares of the company’s stock, valued at approximately $1,777,893.48. The trade was a 10.80% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have bought 64,441 shares of company stock worth $2,734,204 over the last three months. Company insiders own 0.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on NKE. Robert W. Baird lowered their price objective on NIKE from $85.00 to $70.00 and set an “outperform” rating for the company in a research note on Wednesday, April 1st. Berenberg Bank reiterated a “neutral” rating on shares of NIKE in a research note on Wednesday, May 6th. Truist Financial lowered their price objective on NIKE from $69.00 to $57.00 and set a “buy” rating for the company in a research note 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 note on Friday. Finally, Wells Fargo & Company set a $45.00 price objective on NIKE and gave the company an “equal weight” rating in a research note on Friday, May 8th. Sixteen equities research analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and three have given a Sell rating to the stock. Based on data from MarketBeat, NIKE has a consensus rating of “Hold” and a consensus target price of $62.04.

More NIKE News

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: NIKE’s footwear business is showing early signs of stabilization, with running and football products gaining traction and innovation-led products improving the sales mix. Is NIKE’s Footwear Business Showing Signs of Stabilization?
• Positive Sentiment: Wall Street is looking more favorably on NIKE’s World Cup and football push, seeing it as a way to reconnect with the brand’s core sports identity and support a turnaround. Nike’s football push gains Wall Street optimism ahead of World Cup, but turnaround concerns remain
• Positive Sentiment: Under CEO Elliott Hill, NIKE is accelerating an operational and brand reset with initiatives like “Win Now” and “Sport Offense,” aimed at refocusing on core sports, wholesale relationships, and athlete-driven marketing. Nike’s Reset Under Elliott Hill Tests Core Sports And Investor Patience
• Neutral Sentiment: Some investors remain cautious, with recent articles noting recovery risks, tariff pressure, softer demand in Greater China, and competitive threats from brands like Li Ning.
• Neutral Sentiment: Several recent fund and stock-commentary pieces highlight that institutional sentiment is still mixed, with some investors selling while others argue NIKE remains attractively positioned for a longer-term rebound.

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).