NIKE, Inc. $NKE Shares Purchased by Sather Financial Group Inc

Sather Financial Group Inc raised its holdings in shares of NIKE, Inc. (NYSE:NKE) by 14.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 845,405 shares of the footwear maker’s stock after acquiring an additional 104,481 shares during the quarter. NIKE makes up 2.7% of Sather Financial Group Inc’s investment portfolio, making the stock its 14th largest position. Sather Financial Group Inc’s holdings in NIKE were worth $44,654,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Main Street Financial Solutions LLC increased its stake in shares of NIKE by 4.2% during the 2nd quarter. Main Street Financial Solutions LLC now owns 3,441 shares of the footwear maker’s stock worth $244,000 after purchasing an additional 139 shares in the last quarter. Diligent Investors LLC grew its holdings in NIKE by 4.3% during the 4th quarter. Diligent Investors LLC now owns 3,719 shares of the footwear maker’s stock valued at $237,000 after buying an additional 153 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in NIKE by 4.3% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 3,978 shares of the footwear maker’s stock valued at $253,000 after buying an additional 163 shares during the last quarter. Lakeshore Capital Group Inc. increased its position in NIKE by 2.9% during the fourth quarter. Lakeshore Capital Group Inc. now owns 5,868 shares of the footwear maker’s stock worth $374,000 after buying an additional 165 shares in the last quarter. Finally, ANB Bank increased its position in NIKE by 0.7% during the fourth quarter. ANB Bank now owns 25,451 shares of the footwear maker’s stock worth $1,621,000 after buying an additional 165 shares in the last quarter. Institutional investors and hedge funds own 64.25% of the company’s stock.

NIKE Trading Down 0.6%

NIKE stock traded down $0.26 during trading on Tuesday, hitting $43.08. The company’s stock had a trading volume of 5,058,267 shares, compared to its average volume of 21,277,324. The stock’s fifty day moving average is $43.86 and its 200 day moving average is $53.06. NIKE, Inc. has a 1-year low of $40.00 and a 1-year high of $80.17. The stock has a market capitalization of $63.80 billion, a price-to-earnings ratio of 20.62, a P/E/G ratio of 2.49 and a beta of 1.12. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.36 and a current ratio of 1.96.

NIKE (NYSE:NKE) last issued its quarterly earnings results on Tuesday, June 30th. The footwear maker reported $0.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.09. The firm had revenue of $10.97 billion for the quarter, compared to analyst estimates of $10.85 billion. NIKE had a return on equity of 16.54% and a net margin of 6.70%.The firm’s quarterly revenue was down 1.1% on a year-over-year basis. During the same period last year, the company earned $0.14 EPS. As a group, equities research analysts predict that NIKE, Inc. will post 1.8 EPS for the current year.

NIKE Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 1st. Investors of record on Monday, June 1st were given a $0.41 dividend. The ex-dividend date of this dividend was Monday, June 1st. This represents a $1.64 annualized dividend and a dividend yield of 3.8%. NIKE’s dividend payout ratio (DPR) is currently 78.47%.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on NKE. Wall Street Zen upgraded NIKE from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. DZ Bank reaffirmed a “buy” rating on shares of NIKE in a research note on Tuesday, April 21st. Telsey Advisory Group set a $47.00 price objective on NIKE and gave the stock a “market perform” rating in a research report on Wednesday, July 1st. Wells Fargo & Company cut their target price on shares of NIKE from $45.00 to $40.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 1st. Finally, UBS Group set a $48.00 target price on shares of NIKE and gave the company a “neutral” rating in a report on Wednesday, July 1st. Thirteen investment analysts have rated the stock with a Buy rating, nineteen have assigned a Hold rating and three have issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $55.42.

Key Stories Impacting NIKE

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: Several recent articles highlighted that NIKE’s latest quarterly results beat some expectations, with revenue of about $11.0 billion and EPS of $0.20 topping estimates, which could support the case that the business is stabilizing. Article Title
• Positive Sentiment: Optimism around NIKE’s wholesale business has grown, with reports pointing to stronger retail partnerships and healthier inventory levels as possible signs of a turnaround in the channel mix. Article Title
• Positive Sentiment: Insider buying has been a modest confidence signal, with several executives and directors purchasing shares over the past six months, including CEO Elliott Hill, which may reassure some investors. Article Title
• Neutral Sentiment: NIKE also announced a CFO transition, naming David M. Denton to succeed the longtime finance chief in August, a move that adds leadership continuity but is not a major immediate catalyst. Article Title
• Negative Sentiment: Bearish coverage continues to pressure sentiment, with analysts and market commentators citing persistent earnings deceleration and repeated downward EPS estimate cuts as key reasons the stock remains weak. Article Title
• Negative Sentiment: Ongoing concerns about brand challenges, softer China sales, and limited guidance continue to weigh on the outlook, contributing to broad skepticism about near-term recovery. Article Title

Insider Activity at NIKE

In related news, EVP Philip Mccartney sold 17,398 shares of the business’s stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $46.18, for a total value of $803,439.64. Following the completion of the sale, the executive vice president directly owned 53,133 shares in the company, valued at approximately $2,453,681.94. The trade was a 24.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 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. Also, Director Timothy D. Cook purchased 25,000 shares of the company’s stock in a transaction that occurred on Friday, April 10th. The shares were bought at an average cost of $42.43 per share, with a total value of $1,060,750.00. Following the transaction, the director directly owned 130,480 shares of the company’s stock, valued at $5,536,266.40. The trade was a 23.70% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have bought a total of 52,660 shares of company stock valued at $2,234,218 in the last ninety days. 0.80% of the stock is owned by company insiders.

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).