NIKE, Inc. $NKE Position Increased by Westerkirk Capital Inc.

Westerkirk Capital Inc. raised its holdings in shares of NIKE, Inc. (NYSE:NKE) by 52.4% in the 4th quarter, Holdings Channel reports. The firm owned 131,220 shares of the footwear maker’s stock after purchasing an additional 45,100 shares during the quarter. NIKE comprises about 0.8% of Westerkirk Capital Inc.’s investment portfolio, making the stock its 24th biggest holding. Westerkirk Capital Inc.’s holdings in NIKE were worth $8,360,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of NKE. Norges Bank acquired a new position in shares of NIKE during the fourth quarter valued at $829,956,000. Harris Associates L P acquired a new position in shares of NIKE during the second quarter valued at $621,525,000. Capital World Investors boosted its holdings in shares of NIKE by 16.2% during the fourth quarter. Capital World Investors now owns 49,069,951 shares of the footwear maker’s stock valued at $3,126,246,000 after acquiring an additional 6,830,938 shares during the period. Capital International Investors boosted its holdings in shares of NIKE by 83.3% during the fourth quarter. Capital International Investors now owns 7,642,382 shares of the footwear maker’s stock valued at $486,895,000 after acquiring an additional 3,472,515 shares during the period. Finally, Ameriprise Financial Inc. boosted its holdings in shares of NIKE by 129.4% during the second quarter. Ameriprise Financial Inc. now owns 5,849,636 shares of the footwear maker’s stock valued at $411,951,000 after acquiring an additional 3,299,155 shares during the period. Institutional investors and hedge funds own 64.25% of the company’s stock.

Key Headlines Impacting NIKE

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 Stock Performance

Shares of NYSE NKE opened at $43.26 on Tuesday. The business has a fifty day simple moving average of $44.67 and a 200 day simple moving average of $55.89. 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 capitalization of $64.07 billion, a price-to-earnings ratio of 28.65, a PEG ratio of 1.86 and a beta of 1.12. NIKE, Inc. has a one year low of $41.35 and a one year high of $80.17.

NIKE (NYSE:NKE) last released its quarterly earnings data on Tuesday, March 31st. The footwear maker reported $0.35 earnings per share (EPS) 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 analyst estimates of $11.23 billion. During the same period in the prior year, the company posted $0.54 earnings per share. The business’s revenue for the quarter was up .1% compared to the same quarter last year. Sell-side analysts expect that NIKE, Inc. will post 1.49 EPS for the current year.

NIKE Dividend Announcement

The firm also recently announced 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 dividend on an annualized basis and a dividend yield of 3.8%. NIKE’s dividend payout ratio (DPR) is 108.61%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. DA Davidson downgraded shares of NIKE from a “buy” rating to a “neutral” rating and reduced their price target for the company from $72.00 to $46.00 in a report on Thursday, April 2nd. UBS Group reaffirmed a “neutral” rating and issued a $54.00 price objective on shares of NIKE in a report on Friday. Piper Sandler reaffirmed a “neutral” rating and issued a $50.00 price objective (down from $60.00) on shares of NIKE in a report on Friday, April 10th. Berenberg Bank reaffirmed a “neutral” rating on shares of NIKE in a report on Wednesday, May 6th. Finally, HSBC downgraded shares of NIKE from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $90.00 to $48.00 in a report on Monday, April 13th. Sixteen analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, NIKE has an average rating of “Hold” and a consensus price target of $62.04.

Insiders Place Their Bets

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