NEOS Investment Management LLC Has $7.92 Million Stock Holdings in NIKE, Inc. $NKE

NEOS Investment Management LLC boosted its stake in NIKE, Inc. (NYSE:NKE) by 11.4% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 192,868 shares of the footwear maker’s stock after buying an additional 19,690 shares during the period. NEOS Investment Management LLC’s holdings in NIKE were worth $7,917,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of the stock. J. Stern & Co. LLP grew its position in shares of NIKE by 49,010.4% in the fourth quarter. J. Stern & Co. LLP now owns 48,054,542 shares of the footwear maker’s stock valued at $3,061,555,000 after purchasing an additional 47,956,692 shares during the last quarter. Norges Bank acquired a new stake in NIKE during the 4th quarter worth approximately $829,956,000. Flossbach Von Storch SE acquired a new stake in NIKE during the 2nd quarter worth approximately $488,714,000. Harris Associates L P bought a new stake in NIKE in the 2nd quarter valued at $621,525,000. Finally, Capital World Investors boosted its stake in NIKE by 16.2% in the 4th quarter. Capital World Investors now owns 49,069,951 shares of the footwear maker’s stock valued at $3,126,246,000 after purchasing an additional 6,830,938 shares during the period. 64.25% of the stock is owned by institutional investors.

Key NIKE News

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: Analysts are bullish on Nike among selected consumer-cyclical companies, supporting the view that the stock’s depressed valuation could offer upside if the company executes its turnaround. Analysts Are Bullish on These Consumer Cyclical Stocks: Nike (NKE), Ferrari (RACE)
• Positive Sentiment: Nike is expanding its Strength Pro Equipment business with customizable Power Rack systems installed at prominent athletic facilities, including U.S. Soccer, USC and professional women’s sports venues. The initiative could deepen institutional relationships and create a broader growth opportunity beyond footwear and apparel. Nike’s Custom Power Racks Might Change The Case For Investing In NIKE (NKE)
• Neutral Sentiment: Some investment coverage describes Nike as potentially undervalued after its steep decline, while emphasizing that the opportunity depends on stabilizing margins and successfully improving the business. Recent earnings also showed an EPS beat and slightly stronger-than-expected revenue, although sales declined year over year. Down almost 80%, is Nike stock undervalued or a value trap?
• Neutral Sentiment: Broader market conditions could affect NKE: investors are focused on the August employment report because it may influence the Federal Reserve’s interest-rate decision later this month. Apparel and luxury-goods stock screens also continue to identify Nike as a company worth watching. 5 Things to Know Before the Stock Market Opens on Friday
• Negative Sentiment: Bearish commentary says Nike faces a difficult turnaround and that its current valuation may provide limited margin of safety, raising the risk that the stock is a value trap if profitability and demand do not recover. Nike: A Difficult Turnaround At A Price That Offers Little Margin of Safety
• Negative Sentiment: Nike is reportedly closing 11 U.S. stores, signaling continued efforts to rationalize its retail footprint and potentially reflecting weaker store economics or changing shopping patterns. Nike closes 11 stores across the US

Insider Activity at NIKE

In related news, CFO Matthew Friend sold 2,463 shares of the business’s stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $41.60, for a total transaction of $102,460.80. Following the sale, the chief financial officer owned 82,165 shares in the company, valued at $3,418,064. The trade was a 2.91% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Venkatesh Alagirisamy sold 890 shares of the company’s stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $41.60, for a total value of $37,024.00. Following the completion of the transaction, the chief operating officer directly owned 74,820 shares of the company’s stock, valued at approximately $3,112,512. The trade was a 1.18% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 26,142 shares of company stock valued at $1,169,380 over the last three months. 1.10% of the stock is currently owned by corporate insiders.

NIKE Stock Down 1.0%

NKE stock opened at $38.39 on Friday. The stock has a market capitalization of $56.95 billion, a P/E ratio of 18.37, a price-to-earnings-growth ratio of 1.88 and a beta of 1.10. The company has a current ratio of 1.96, a quick ratio of 1.36 and a debt-to-equity ratio of 0.40. NIKE, Inc. has a 12 month low of $37.95 and a 12 month high of $76.97. The firm has a 50-day moving average price of $41.58 and a 200-day moving average price of $46.28.

NIKE (NYSE:NKE) last announced its quarterly earnings results on Tuesday, June 30th. The footwear maker reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.09. The company had revenue of $10.97 billion for the quarter, compared to analyst estimates of $10.85 billion. NIKE had a net margin of 6.70% and a return on equity of 16.54%. The firm’s revenue was down 1.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.14 EPS. As a group, equities research analysts anticipate that NIKE, Inc. will post 1.74 EPS for the current fiscal year.

NIKE Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 1st will be paid a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend is Tuesday, September 1st. NIKE’s payout ratio is presently 78.47%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Berenberg Bank set a $49.00 price objective on NIKE and gave the stock a “hold” rating in a research report on Friday, July 3rd. Robert W. Baird reaffirmed an “outperform” rating and set a $70.00 price target on shares of NIKE in a research report on Wednesday, July 1st. Jefferies Financial Group reiterated a “buy” rating on shares of NIKE in a research note on Tuesday, August 25th. Citigroup reissued a “neutral” rating on shares of NIKE in a report on Wednesday, July 22nd. Finally, Oppenheimer decreased their target price on shares of NIKE from $120.00 to $60.00 and set an “outperform” rating on the stock in a research report on Friday, June 26th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, twenty have issued a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $52.94.

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).