Silver Oak Securities Incorporated Purchases 12,545 Shares of NIKE, Inc. $NKE

Silver Oak Securities Incorporated raised its position in NIKE, Inc. (NYSE:NKE) by 263.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,310 shares of the footwear maker’s stock after buying an additional 12,545 shares during the period. Silver Oak Securities Incorporated’s holdings in NIKE were worth $914,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the company. Westerkirk Capital Inc. lifted its holdings in NIKE by 52.4% during the 4th quarter. Westerkirk Capital Inc. now owns 131,220 shares of the footwear maker’s stock worth $8,360,000 after buying an additional 45,100 shares in the last quarter. Mizuho Markets Cayman LP bought a new position in NIKE during the 3rd quarter worth approximately $34,200,000. OMERS ADMINISTRATION Corp increased its position in shares of NIKE by 77.9% in the 4th quarter. OMERS ADMINISTRATION Corp now owns 2,526,179 shares of the footwear maker’s stock valued at $160,943,000 after buying an additional 1,106,499 shares in the last quarter. PFA Pension Forsikringsaktieselskab bought a new stake in NIKE during the 4th quarter worth approximately $43,188,000. Finally, Strive Asset Management LLC bought a new stake in NIKE in the 3rd quarter valued at $1,743,000. 64.25% of the stock is owned by institutional investors.

Analysts Set New Price Targets

NKE has been the topic of a number of recent research reports. Wells Fargo & Company set a $45.00 target price on NIKE and gave the company an “equal weight” rating in a research report on Friday, May 8th. Bank of America reissued a “neutral” rating and issued a $55.00 price target (down from $73.00) on shares of NIKE in a report on Wednesday, April 1st. Citigroup reissued a “neutral” rating on shares of NIKE in a report on Wednesday. Barclays dropped their price target on shares of NIKE from $73.00 to $67.00 and set an “overweight” rating for the company in a research report on Wednesday, April 1st. Finally, Royal Bank Of Canada downgraded shares of NIKE from an “outperform” rating to a “sector perform” rating and reduced their price objective for the stock from $70.00 to $50.00 in a research note on Wednesday, June 10th. Fourteen research analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $59.01.

More NIKE News

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: Oppenheimer lowered its price target to $60 but kept an outperform rating, signaling some analysts still see meaningful upside from current levels. Oppenheimer target update
• Positive Sentiment: Investors are also watching for any improvement from NIKE’s “Win Now” turnaround strategy and upcoming guidance, which could help support sentiment if management shows clearer progress. Nike fiscal Q4 preview
• Neutral Sentiment: NIKE is expected to report results after Tuesday’s close, and traders are bracing for a potentially large post-earnings move as attention centers on revenue trends, margins, and forward guidance. Investopedia earnings move preview
• Neutral Sentiment: Wall Street is closely focused on the new CFO transition, with investors waiting to see whether leadership changes help or hurt execution in the near term. Nike shares in focus as company names new CFO
• Negative Sentiment: KeyBanc turned more cautious, saying NIKE’s recovery is taking longer than expected amid slower turnaround progress and stronger competition from rivals. KeyBanc downgrade
• Negative Sentiment: Other coverage points to a “soft” quarter, with pressure from China weakness, tariffs, promotions, and operational uncertainty weighing on expectations ahead of earnings. Nike likely to report soft quarterly results
• Negative Sentiment: Stifel and Deutsche Bank also cut price targets, reinforcing a more cautious Street view before the report. Stifel target cut Deutsche Bank target cut

NIKE Stock Performance

Shares of NKE stock opened at $40.76 on Friday. The firm has a market capitalization of $60.36 billion, a price-to-earnings ratio of 26.99, a PEG ratio of 1.78 and a beta of 1.12. 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 business’s 50-day moving average price is $44.19 and its 200-day moving average price is $53.96. NIKE, Inc. has a 12 month low of $40.00 and a 12 month high of $80.17.

NIKE (NYSE:NKE) last released its quarterly earnings data on Tuesday, March 31st. The footwear maker reported $0.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.29 by $0.06. The company had revenue of $11.28 billion during the quarter, compared to the consensus estimate of $11.23 billion. NIKE had a return on equity of 16.41% and a net margin of 4.84%.The firm’s revenue was up .1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.54 earnings per share. Equities research analysts forecast that NIKE, Inc. will post 1.49 EPS for the current year.

NIKE Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Monday, June 1st will be given a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 4.0%. The ex-dividend date is Monday, June 1st. NIKE’s dividend payout ratio is 108.61%.

Insider Transactions at NIKE

In other NIKE news, Director Timothy D. Cook acquired 25,000 shares of NIKE stock in a transaction that occurred on 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 completion of the purchase, the director directly owned 130,480 shares in the company, valued at $5,536,266.40. This trade represents a 23.70% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Elliott Hill acquired 23,660 shares of the firm’s stock in a transaction that occurred on Monday, April 13th. The stock was bought at an average price of $42.27 per share, with a total value of $1,000,108.20. Following the completion of the acquisition, the chief executive officer directly owned 265,247 shares of the company’s stock, valued at $11,211,990.69. This trade represents a 9.79% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders acquired 64,441 shares of company stock worth $2,734,204. 0.80% of the stock is currently owned by 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).