Gould Capital LLC Sells 42,889 Shares of NIKE, Inc. $NKE

Gould Capital LLC trimmed its position in NIKE, Inc. (NYSE:NKE) by 98.5% during the 4th quarter, Holdings Channel.com reports. The firm owned 633 shares of the footwear maker’s stock after selling 42,889 shares during the period. Gould Capital LLC’s holdings in NIKE were worth $40,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the stock. Vanguard Group Inc. grew its stake in shares of NIKE by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 116,993,541 shares of the footwear maker’s stock worth $7,453,658,000 after acquiring an additional 1,702,342 shares during the last quarter. Capital World Investors boosted its position in NIKE by 16.2% in the fourth quarter. Capital World Investors now owns 49,069,951 shares of the footwear maker’s stock worth $3,126,246,000 after purchasing an additional 6,830,938 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of NIKE by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 26,442,879 shares of the footwear maker’s stock worth $1,677,251,000 after buying an additional 233,925 shares during the period. Norges Bank bought a new position in shares of NIKE in the fourth quarter worth about $829,956,000. Finally, Flossbach Von Storch SE raised its stake in shares of NIKE by 29.3% in the fourth quarter. Flossbach Von Storch SE now owns 12,753,317 shares of the footwear maker’s stock worth $812,514,000 after buying an additional 2,886,856 shares during the period. 64.25% of the stock is owned by hedge funds and other institutional investors.

More NIKE News

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: Recent coverage highlighted Nike’s “running revival,” suggesting improving momentum in its running category could help refresh the growth story and support a longer-term turnaround. How Nike’s Running Revival Changes The Nike Stock Story
• Neutral Sentiment: Nike’s World Cup marketing push is aimed at strengthening brand visibility versus Adidas, but it is more of a strategic brand-building effort than an immediate earnings catalyst. Nike’s World Cup play: take on Adidas and revitalize the brand
• Neutral Sentiment: EVP Philip McCartney sold 17,398 shares under a pre-arranged 10b5-1 plan to cover tax withholding tied to vesting equity awards, which is routine but still adds to investor caution around insider activity. SEC filing
• Negative Sentiment: RBC Capital and other commentators downgraded Nike or reiterated skepticism, arguing the turnaround is progressing more slowly than expected and raising concerns about margins, profit goals, and the pace of operational improvement. Nike (NKE) was downgraded to a Hold Rating at RBC Capital
• Negative Sentiment: Recent market commentary said Nike is “still running in place” and has limited time to prove its turnaround, reinforcing worries that the stock may remain range-bound until fundamentals improve. Nike still running in place as turnaround taking longer than expected — RBC Capital

NIKE Price Performance

NYSE:NKE opened at $44.90 on Friday. NIKE, Inc. has a one year low of $41.35 and a one year high of $80.17. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.45 and a current ratio of 2.14. The stock has a market cap of $66.49 billion, a PE ratio of 29.73, a P/E/G ratio of 1.99 and a beta of 1.12. The stock has a 50 day moving average price of $44.26 and a 200 day moving average price of $55.45.

NIKE (NYSE:NKE) last posted its quarterly 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 during the quarter, compared to analysts’ expectations of $11.23 billion. During the same quarter last year, the firm earned $0.54 earnings per share. The business’s revenue for the quarter was up .1% on a year-over-year basis. Equities research analysts expect that NIKE, Inc. will post 1.49 EPS for the current fiscal year.

NIKE Announces Dividend

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

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on NKE. Berenberg Bank reissued a “neutral” rating on shares of NIKE in a research note on Wednesday, May 6th. Needham & Company LLC reissued a “hold” rating on shares of NIKE in a research report on Thursday, June 4th. Jefferies Financial Group dropped their price target on NIKE from $110.00 to $90.00 and set a “buy” rating on the stock in a research note on Wednesday, April 1st. Stifel Nicolaus reduced their price target on NIKE from $65.00 to $56.00 and set a “hold” rating for the company in a report on Wednesday, April 1st. Finally, Telsey Advisory Group reduced their price target on NIKE from $65.00 to $55.00 and set a “market perform” rating for the company in a report on Wednesday, April 1st. Fifteen equities research analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, NIKE currently has an average rating of “Hold” and an average price target of $60.89.

Insider Activity at NIKE

In other NIKE news, Director Timothy D. Cook bought 25,000 shares of the business’s stock in a transaction on Friday, April 10th. The stock was 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. The trade was a 23.70% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Elliott Hill bought 23,660 shares of the business’s stock in a transaction on Monday, April 13th. The shares were acquired at an average cost of $42.27 per share, with a total value of $1,000,108.20. Following the purchase, the chief executive officer owned 265,247 shares of the company’s stock, valued at $11,211,990.69. The trade was a 9.79% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have acquired 64,441 shares of company stock valued at $2,734,204 over the last 90 days. Corporate insiders own 0.80% of the company’s stock.

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).