NIKE, Inc. $NKE Shares Purchased by Western Wealth Management LLC

Western Wealth Management LLC increased its stake in NIKE, Inc. (NYSE:NKE) by 98.4% in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 33,030 shares of the footwear maker’s stock after acquiring an additional 16,383 shares during the quarter. Western Wealth Management LLC’s holdings in NIKE were worth $1,745,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the stock. E Wealth Partners LLC purchased a new position in NIKE during the first quarter valued at $279,000. FAS Wealth Partners Inc. grew its position in shares of NIKE by 4.2% in the first quarter. FAS Wealth Partners Inc. now owns 6,109 shares of the footwear maker’s stock valued at $323,000 after purchasing an additional 249 shares during the period. Pine Valley Investments Ltd Liability Co increased its stake in shares of NIKE by 43.2% during the first quarter. Pine Valley Investments Ltd Liability Co now owns 41,295 shares of the footwear maker’s stock worth $2,182,000 after purchasing an additional 12,464 shares in the last quarter. Honeycomb Asset Management LP purchased a new stake in shares of NIKE during the first quarter worth about $1,258,000. Finally, Allen Capital Group LLC raised its position in shares of NIKE by 8.0% during the 1st quarter. Allen Capital Group LLC now owns 62,937 shares of the footwear maker’s stock worth $3,324,000 after purchasing an additional 4,687 shares during the last quarter. 64.25% of the stock is currently owned by institutional investors and hedge funds.

NIKE Stock Down 1.8%

Shares of NYSE NKE opened at $40.57 on Thursday. The stock has a market cap of $60.19 billion, a PE ratio of 19.41, a P/E/G ratio of 1.83 and a beta of 1.11. 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 $40.00 and a 12-month high of $80.17. The company has a 50-day moving average of $42.99 and a 200 day moving average of $48.95.

NIKE (NYSE:NKE) last released its earnings results on Tuesday, June 30th. The footwear maker reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.09. The business 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 business’s revenue was down 1.1% on a year-over-year basis. During the same period last year, the company posted $0.14 EPS. As a group, sell-side analysts predict that NIKE, Inc. will post 1.74 EPS for the current fiscal year.

NIKE Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Tuesday, September 1st will be given a dividend of $0.41 per share. The ex-dividend date is Tuesday, September 1st. This represents a $1.64 dividend on an annualized basis and a yield of 4.0%. NIKE’s dividend payout ratio (DPR) is presently 78.47%.

Key Headlines Impacting NIKE

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: NIKE’s quarterly dividend could receive another modest increase. The company has delivered 24 consecutive years of dividend growth, and a higher payout would support the stock’s income appeal, although the current payout ratio is already relatively high. NIKE Dividend: Why a Small Increase Could Be on the Way
• Positive Sentiment: The company’s latest earnings report exceeded consensus expectations for both earnings per share and revenue. However, the revenue decline indicates that the beat was not accompanied by renewed top-line growth.
• Neutral Sentiment: NIKE’s turnaround remains the central investor focus. Efforts to improve product innovation, inventory management, international logistics and brand momentum could eventually restore growth and reduce markdowns, but the timing and effectiveness of the recovery remain uncertain. Why Is Nike the Consumer Name Markets Track Through Its Turnaround?
• Negative Sentiment: Analyst concerns intensified after Seeking Alpha downgraded NIKE, arguing that a return to full-price selling and normalized profitability will take time. A separate Zacks Research revision lowered its FY2029 EPS estimate to $2.56 from $2.63 and maintained a “Strong Sell” rating. Nike: Full Price Recovery Will Take Time
• Negative Sentiment: Greater China remains a major weakness. Local competitors are taking market share, while rival brands are reporting stronger regional growth, raising concerns about NIKE’s revenue trajectory and brand strength in an important market. China’s Athleisure Boom Is Not Lifting Every Brand Equally
• Negative Sentiment: NIKE underperformed during a broader footwear-sector selloff as investors questioned consumer demand, competition and the pace of the recovery. Insider Amy Montagne also sold 4,867 shares, reducing her holdings by 7.81%; she nevertheless retained a substantial position. Amy Montagne Sells NIKE Shares

Insider Buying and Selling

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

Analysts Set New Price Targets

A number of research analysts recently weighed in on NKE shares. China Renaissance decreased their price target on shares of NIKE from $50.30 to $47.30 and set a “hold” rating on the stock in a research note on Thursday, July 2nd. Bank of America cut their price objective on NIKE from $55.00 to $47.00 and set a “neutral” rating for the company in a research note on Wednesday, July 1st. Needham & Company LLC reissued a “hold” rating on shares of NIKE in a report on Thursday, June 4th. Wells Fargo & Company decreased their target price on NIKE from $45.00 to $40.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 1st. Finally, Oppenheimer lowered their price target on NIKE from $120.00 to $60.00 and set an “outperform” rating on the stock in a research note on Friday, June 26th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, eighteen have issued a Hold rating and five have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, NIKE presently has an average rating of “Hold” and an average price target of $53.53.

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).