Securian Asset Management Inc. Sells 25,003 Shares of NIKE, Inc. $NKE

Securian Asset Management Inc. reduced its position in shares of NIKE, Inc. (NYSE:NKE) by 43.6% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 32,339 shares of the footwear maker’s stock after selling 25,003 shares during the quarter. Securian Asset Management Inc.’s holdings in NIKE were worth $2,060,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in NKE. Brighton Jones LLC raised its holdings in NIKE by 388.5% during the 4th quarter. Brighton Jones LLC now owns 202,411 shares of the footwear maker’s stock valued at $15,316,000 after buying an additional 160,980 shares during the last quarter. Caxton Associates LLP bought a new position in NIKE in the 1st quarter worth $311,000. United Bank lifted its position in shares of NIKE by 11.3% in the 2nd quarter. United Bank now owns 17,067 shares of the footwear maker’s stock worth $1,212,000 after purchasing an additional 1,736 shares during the period. NewEdge Advisors LLC lifted its position in shares of NIKE by 0.3% in the 2nd quarter. NewEdge Advisors LLC now owns 64,161 shares of the footwear maker’s stock worth $4,558,000 after purchasing an additional 197 shares during the period. Finally, CIBC Asset Management Inc lifted its position in shares of NIKE by 6.5% in the 2nd quarter. CIBC Asset Management Inc now owns 191,268 shares of the footwear maker’s stock worth $13,588,000 after purchasing an additional 11,646 shares during the period. 64.25% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have recently commented on NKE shares. HSBC cut shares of NIKE from a “buy” rating to a “hold” rating and dropped their target price for the stock from $90.00 to $48.00 in a research report on Monday, April 13th. Wall Street Zen cut shares of NIKE from a “hold” rating to a “sell” rating in a research report on Saturday, April 18th. Williams Trading dropped their target price on shares of NIKE from $80.00 to $57.00 and set a “buy” rating for the company in a research report on Wednesday, April 1st. Weiss Ratings cut shares of NIKE from a “sell (d+)” rating to a “sell (d)” rating in a research report on Monday, May 4th. Finally, Telsey Advisory Group dropped their target price on shares of NIKE from $65.00 to $55.00 and set a “market perform” rating for the company in a research report on Wednesday, April 1st. Sixteen research analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $62.04.

NIKE Stock Down 3.9%

Shares of NIKE stock opened at $42.42 on Tuesday. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.14 and a quick ratio of 1.45. The company has a 50-day moving average of $49.35 and a 200 day moving average of $58.79. The firm has a market cap of $62.81 billion, a price-to-earnings ratio of 28.09, 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.

NIKE (NYSE:NKE) last issued its quarterly earnings results 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. The company had revenue of $11.28 billion during the quarter, compared to analyst estimates of $11.23 billion. NIKE had a net margin of 4.84% and a return on equity of 16.41%. NIKE’s quarterly revenue was up .1% compared to the same quarter last year. During the same period last year, the business earned $0.54 EPS. As a group, sell-side analysts anticipate that NIKE, Inc. will post 1.51 earnings per share for the current fiscal year.

NIKE Announces Dividend

The firm also recently declared 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 annualized dividend and a dividend yield of 3.9%. The ex-dividend date is Monday, June 1st. NIKE’s dividend payout ratio (DPR) is presently 108.61%.

Insider Buying and Selling at NIKE

In other NIKE news, CEO Elliott Hill purchased 23,660 shares of the firm’s stock in a transaction that occurred on 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 purchase, the chief executive officer directly owned 265,247 shares in the company, valued at $11,211,990.69. The trade was a 9.79% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John W. Rogers, Jr. purchased 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 9th. The stock was acquired at an average price of $43.34 per share, with a total value of $173,360.00. Following the completion of the purchase, the director owned 41,022 shares in the company, valued at $1,777,893.48. This represents a 10.80% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have purchased 64,441 shares of company stock valued at $2,734,204 in the last quarter. 0.80% of the stock is owned by insiders.

Trending Headlines about NIKE

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: Sanford C. Bernstein reaffirmed its Buy rating on NIKE, which suggests at least one major analyst still sees upside potential despite the recent weakness. MarketScreener article
• Neutral Sentiment: NIKE’s management is pushing a retail reset aimed at cutting promotions, increasing full-price sales, and improving margins. Investors may view this as a potential long-term margin tailwind, but execution risk remains high. NIKE’s Retail Pivot: More Full-Price Sales or Clearance Cuts?
• Neutral Sentiment: Another article on the same retail-pivot theme highlighted the key question for NIKE: whether the company can restore full-price selling and rebuild earnings momentum after a period of heavy discounting. Zacks article
• Negative Sentiment: A proposed class-action lawsuit alleges NIKE failed to refund tariff-related costs passed on to consumers, adding a fresh legal and reputational overhang for the company. PYMNTS article
• Negative Sentiment: Recent market coverage noted that NIKE stock fell while the broader market improved, reinforcing the view that investors remain concerned about demand, margins, and the pace of recovery. Yahoo Finance article

About NIKE

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).