WT Asset Management Ltd Raises Stock Holdings in NIKE, Inc. $NKE

WT Asset Management Ltd raised its stake in NIKE, Inc. (NYSE:NKE) by 1,729.6% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 640,350 shares of the footwear maker’s stock after purchasing an additional 605,350 shares during the quarter. NIKE comprises about 1.6% of WT Asset Management Ltd’s investment portfolio, making the stock its 24th biggest position. WT Asset Management Ltd’s holdings in NIKE were worth $40,797,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Guerra Advisors Inc acquired a new position in NIKE during the third quarter worth $34,000. Gordian Capital Singapore Pte Ltd acquired a new stake in shares of NIKE in the third quarter valued at $35,000. Accredited Wealth Management LLC raised its holdings in shares of NIKE by 268.6% in the 3rd quarter. Accredited Wealth Management LLC now owns 516 shares of the footwear maker’s stock valued at $36,000 after buying an additional 376 shares during the period. Matrix Trust Co lifted its stake in NIKE by 43.6% during the 4th quarter. Matrix Trust Co now owns 596 shares of the footwear maker’s stock worth $38,000 after acquiring an additional 181 shares in the last quarter. Finally, Strive Asset Management LLC acquired a new position in NIKE during the 3rd quarter worth about $40,000. 64.25% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CEO Elliott Hill purchased 23,660 shares of the company’s stock in a transaction on Monday, April 13th. The shares were 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 directly owned 265,247 shares of the company’s stock, valued at approximately $11,211,990.69. This trade represents a 9.79% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Timothy D. Cook acquired 25,000 shares of NIKE stock in a transaction dated Friday, April 10th. The shares were bought at an average price of $42.43 per share, with a total value of $1,060,750.00. Following the transaction, the director directly owned 130,480 shares in the company, valued at approximately $5,536,266.40. The trade was a 23.70% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders acquired a total of 64,441 shares of company stock worth $2,734,204 over the last 90 days. Insiders own 0.80% of the company’s stock.

NIKE Price Performance

NIKE stock opened at $44.74 on Friday. 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 company has a fifty day simple moving average of $52.99 and a 200-day simple moving average of $60.40. The stock has a market cap of $66.25 billion, a P/E ratio of 29.63, a price-to-earnings-growth ratio of 2.37 and a beta of 1.31. NIKE, Inc. has a 12-month low of $42.09 and a 12-month high of $80.17.

NIKE (NYSE:NKE) last posted its earnings results on Tuesday, March 31st. The footwear maker reported $0.35 EPS for the quarter, beating 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 for the quarter, compared to analyst estimates of $11.23 billion. During the same quarter in the prior year, the company posted $0.54 earnings per share. NIKE’s revenue for the quarter was up .1% compared to the same quarter last year. Equities analysts expect that NIKE, Inc. will post 1.52 EPS for the current fiscal year.

NIKE Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 1st. Stockholders of record on Monday, March 2nd were given a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend was Monday, March 2nd. NIKE’s dividend payout ratio (DPR) is 108.61%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on NKE shares. Deutsche Bank Aktiengesellschaft dropped their target price on NIKE from $54.00 to $51.00 and set a “hold” rating for the company in a research report on Wednesday, April 1st. DZ Bank reissued a “buy” rating on shares of NIKE in a research report on Tuesday. Stifel Nicolaus dropped their price objective on shares of NIKE from $65.00 to $56.00 and set a “hold” rating for the company in a report on Wednesday, April 1st. Royal Bank Of Canada reaffirmed a “buy” rating on shares of NIKE in a research note on Wednesday, April 1st. Finally, Citigroup dropped their price target on shares of NIKE from $65.00 to $53.00 and set a “neutral” rating for the company in a research note on Wednesday, April 1st. Seventeen equities research analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $62.34.

NIKE News Roundup

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: Sanford C. Bernstein reaffirmed a “buy” on NKE, keeping institutional-level support for the turnaround thesis and signaling confidence from an influential sell-side shop. MarketScreener
• Positive Sentiment: CEO-level confidence: reports say Nike’s CEO personally increased a compensation/skin-in-the-game commitment by $1M, which investors often view as alignment with shareholder interests. MSN
• Positive Sentiment: Market reaction to the latest cost actions was initially supportive: NKE ticked up after-hours when the company announced another round of layoffs, suggesting investors see near-term margin/cash-flow benefits. MSN After-hours
• Positive Sentiment: DZ Bank also reaffirmed a buy rating, adding a second endorsement from the sell-side that supports the case for recovery if execution improves. AmericanBankingNews
• Neutral Sentiment: Nike announced roughly 1,400 job cuts (mainly in technology) as part of its “Win Now” efficiency push — a move that should reduce costs but also underscores that the turnaround is still in progress. WSJ
• Negative Sentiment: Short interest jumped ~22.8% in April to ~56.1M shares (≈3.8% of float), signaling growing bearish positioning and increased potential selling pressure despite a modest days-to-cover ratio (~1.4). (internal short-interest report)
• Negative Sentiment: Analyst debate and structural concerns persist: commentary about a potential “generational reset” and multi-year share losses reflects skepticism that execution and product momentum will recover quickly. Benzinga
• Negative Sentiment: Competitive pressure and talent migration (e.g., a former Nike executive named CEO at Lululemon) highlight market-share threats that could weigh on near-term sales recovery. FinancialPost

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).