NIKE, Inc. $NKE Stake Lessened by Gateway Investment Advisers LLC

Gateway Investment Advisers LLC decreased its holdings in shares of NIKE, Inc. (NYSE:NKE) by 93.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,944 shares of the footwear maker’s stock after selling 150,578 shares during the quarter. Gateway Investment Advisers LLC’s holdings in NIKE were worth $634,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently bought and sold shares of the company. Guerra Advisors Inc purchased a new position in NIKE during the 3rd quarter valued at about $34,000. Gordian Capital Singapore Pte Ltd acquired a new stake in shares of NIKE during the third quarter worth approximately $35,000. Accredited Wealth Management LLC grew its position in NIKE by 268.6% during the third quarter. Accredited Wealth Management LLC now owns 516 shares of the footwear maker’s stock valued at $36,000 after purchasing an additional 376 shares in the last quarter. Matrix Trust Co grew its position in NIKE by 43.6% during the fourth quarter. Matrix Trust Co now owns 596 shares of the footwear maker’s stock valued at $38,000 after purchasing an additional 181 shares in the last quarter. Finally, Ares Financial Consulting LLC acquired a new position in NIKE in the 4th quarter valued at approximately $40,000. 64.25% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

NKE has been the subject of a number of research reports. The Goldman Sachs Group reissued a “neutral” rating and set a $52.00 target price (down from $76.00) on shares of NIKE in a research note on Wednesday, April 1st. Truist Financial dropped their price target on shares of NIKE from $69.00 to $57.00 and set a “buy” rating on the stock in a research note on Wednesday, April 1st. Wells Fargo & Company set a $45.00 price objective on NIKE and gave the stock an “equal weight” rating in a report on Friday. HSBC downgraded NIKE from a “buy” rating to a “hold” rating and lowered their target price for the company from $90.00 to $48.00 in a research note on Monday, April 13th. Finally, Berenberg Bank reaffirmed a “neutral” rating on shares of NIKE in a research note on Wednesday. Sixteen analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, NIKE currently has an average rating of “Hold” and an average price target of $62.04.

Insider Buying and Selling

In related news, Director Robert Holmes Swan bought 11,781 shares of NIKE stock in a transaction that occurred on Tuesday, April 7th. The stock was purchased at an average cost of $42.44 per share, for a total transaction of $499,985.64. Following the acquisition, the director owned 55,074 shares in the company, valued at $2,337,340.56. This trade represents a 27.21% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Elliott Hill bought 23,660 shares of the firm’s stock in a transaction on Monday, April 13th. The shares were bought at an average cost of $42.27 per share, with a total value of $1,000,108.20. Following the transaction, 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 ownership of the stock. The SEC filing for this purchase provides additional information. Insiders acquired a total of 64,441 shares of company stock valued at $2,734,204 over the last 90 days. 0.80% of the stock is currently owned by insiders.

NIKE Stock Down 0.7%

NKE stock opened at $44.10 on Friday. The firm has a market cap of $65.31 billion, a PE ratio of 29.21, a PEG ratio of 2.34 and a beta of 1.12. NIKE, Inc. has a 1 year low of $42.09 and a 1 year high of $80.17. The company has a fifty day simple moving average of $50.16 and a 200 day simple moving average of $59.14. The company has a current ratio of 2.14, a quick ratio of 1.45 and a debt-to-equity ratio of 0.50.

NIKE (NYSE:NKE) last posted its earnings results on Tuesday, March 31st. The footwear maker reported $0.35 earnings per share 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 company had revenue of $11.28 billion for the quarter, compared to analyst estimates of $11.23 billion. During the same period last year, the company earned $0.54 earnings per share. The business’s revenue was up .1% compared to the same quarter last year. Sell-side analysts anticipate that NIKE, Inc. will post 1.51 EPS for the current fiscal year.

NIKE Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Monday, June 1st will be paid a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend is Monday, June 1st. NIKE’s dividend payout ratio (DPR) is presently 108.61%.

Trending Headlines about NIKE

Here are the key news stories impacting NIKE this week:

• Negative Sentiment: Wells Fargo downgraded NIKE to Equal Weight from Overweight and cut its price target to $45 from $55, saying a GLP-1-driven shift in consumer behavior could become a new headwind for athletic wear demand. Article Title
• Negative Sentiment: Reuters reported that bets against NIKE have surged, adding to pressure on CEO Elliott Hill to stabilize performance and restore investor confidence. Article Title
• Negative Sentiment: NIKE is also facing ongoing scrutiny over weak earnings, revenue pressure, and restructuring costs as it moves ahead with nearly 1,400 job cuts tied to its “Win Now” overhaul. Article Title
• Neutral Sentiment: NIKE’s board declared a quarterly dividend of $0.41 per share, which supports the company’s shareholder-return story but does not offset the broader concerns around growth and execution. Article Title
• Neutral Sentiment: Several articles note increased investor attention and valuation-reset chatter, but these appear to be more reflective of market interest than a clear fundamental catalyst. Article Title

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).