NIKE, Inc. $NKE Shares Sold by Governors Lane LP

Governors Lane LP lowered its holdings in NIKE, Inc. (NYSE:NKE) by 28.6% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 297,322 shares of the footwear maker’s stock after selling 119,363 shares during the period. NIKE makes up 1.1% of Governors Lane LP’s holdings, making the stock its 15th biggest holding. Governors Lane LP’s holdings in NIKE were worth $18,942,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in NKE. Cornerstone Financial Management LLC acquired a new position in shares of NIKE in the fourth quarter valued at approximately $26,000. J.Safra Asset Management Corp acquired a new position in shares of NIKE in the fourth quarter valued at approximately $29,000. Kemnay Advisory Services Inc. acquired a new position in shares of NIKE in the fourth quarter valued at approximately $30,000. Litman Gregory Wealth Management LLC acquired a new position in shares of NIKE in the fourth quarter valued at approximately $32,000. Finally, Prosperity Bancshares Inc acquired a new position in shares of NIKE in the fourth quarter valued at approximately $32,000. 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 is entering the World Cup with a major global marketing push, including new football boots, federation shirts, and refreshed store displays, which could boost brand visibility and merchandise sales. Nike gets World Cup opportunity it can’t afford to waste
• Positive Sentiment: Reports of record Knicks championship merchandise sales suggest strong demand tied to major sports moments, reinforcing Nike’s ability to monetize high-profile events. Nike (NKE) Sees Record Knicks Merch Sales As The World Cup Begins
• Neutral Sentiment: Several recent articles frame NIKE as a fairly valued stock after a multi-year decline, suggesting investors may see the shares as pricing in a lot of bad news already. Nike (NKE) Stock Price Looks Fair After Multi‑Year Slide And DCF Check
• Neutral Sentiment: Analysts continue to compare Nike with stronger-performing footwear peers like Steven Madden, highlighting that Nike still faces turnaround pressure and relative growth concerns. NIKE vs. Steven Madden: Which Stock Has an Edge in the Footwear Space?
• Negative Sentiment: Nike is still viewed as struggling to regain momentum ahead of its June 30 earnings report, keeping attention on whether management can show a real improvement in the business. Nike Stock Struggling to Bounce Back Before Earnings

Insiders Place Their Bets

In related news, Director Timothy D. Cook bought 25,000 shares of the stock in a transaction dated Friday, April 10th. The stock was acquired at an average price of $42.43 per share, for a total transaction of $1,060,750.00. Following the acquisition, the director owned 130,480 shares in the company, valued at approximately $5,536,266.40. This represents a 23.70% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Philip Mccartney sold 17,398 shares of the company’s stock in a transaction on Friday, June 12th. The shares were sold at an average price of $46.18, for a total transaction of $803,439.64. Following the completion of the transaction, the executive vice president owned 53,133 shares of the company’s stock, valued at approximately $2,453,681.94. The trade was 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. In the last 90 days, insiders have acquired 64,441 shares of company stock worth $2,734,204. 0.80% of the stock is currently owned by company insiders.

NIKE Trading Down 1.9%

NYSE NKE opened at $44.19 on Thursday. 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 stock has a market capitalization of $65.45 billion, a PE ratio of 29.27, a price-to-earnings-growth ratio of 1.95 and a beta of 1.12. The firm has a 50 day moving average of $44.30 and a two-hundred day moving average of $54.99.

NIKE (NYSE:NKE) last posted its quarterly earnings results on Tuesday, March 31st. The footwear maker reported $0.35 EPS for the quarter, topping the consensus estimate of $0.29 by $0.06. NIKE had a net margin of 4.84% and a return on equity of 16.41%. The company 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 posted $0.54 EPS. The firm’s revenue was up .1% on a year-over-year basis. As a group, research analysts expect that NIKE, Inc. will post 1.49 EPS for the current fiscal year.

NIKE Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Monday, June 1st will be issued a $0.41 dividend. The ex-dividend date is Monday, June 1st. This represents a $1.64 annualized dividend and a dividend yield of 3.7%. NIKE’s dividend payout ratio is presently 108.61%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Berenberg Bank restated a “neutral” rating on shares of NIKE in a report on Wednesday, May 6th. BTIG Research lowered their price target on shares of NIKE from $90.00 to $75.00 and set a “buy” rating for the company in a report on Wednesday, April 1st. BNP Paribas Exane lowered their price target on shares of NIKE from $35.00 to $23.00 and set an “underperform” rating for the company in a report on Wednesday, April 1st. Zacks Research cut shares of NIKE from a “hold” rating to a “strong sell” rating in a report on Monday, June 1st. Finally, Sanford C. Bernstein reiterated a “buy” rating on shares of NIKE in a report on Monday, May 11th. Fifteen analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and three have given a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $60.89.

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).