Nilsine Partners LLC Acquires 31,637 Shares of NIKE, Inc. $NKE

Nilsine Partners LLC increased its stake in NIKE, Inc. (NYSE:NKE) by 203.1% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 47,213 shares of the footwear maker’s stock after purchasing an additional 31,637 shares during the quarter. Nilsine Partners LLC’s holdings in NIKE were worth $1,938,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Scarborough Advisors LLC bought a new position in shares of NIKE in the first quarter worth about $25,000. Cornerstone Financial Management LLC bought a new position in shares of NIKE during the 4th quarter valued at approximately $26,000. Sankala Group LLC purchased a new stake in NIKE in the 4th quarter worth approximately $26,000. Meeder Asset Management Inc. increased its holdings in NIKE by 108.4% in the 1st quarter. Meeder Asset Management Inc. now owns 548 shares of the footwear maker’s stock worth $29,000 after acquiring an additional 285 shares in the last quarter. Finally, J.Safra Asset Management Corp bought a new stake in NIKE during the 4th quarter worth approximately $29,000. 64.25% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, insider Amy Montagne sold 4,867 shares of NIKE stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $42.05, for a total value of $204,657.35. Following the completion of the transaction, the insider owned 57,436 shares in the company, valued at approximately $2,415,183.80. The trade was a 7.81% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Matthew Friend sold 2,463 shares of the 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 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 disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 26,142 shares of company stock valued at $1,169,380. 1.10% of the stock is currently owned by company insiders.

NIKE Stock Performance

NYSE NKE opened at $38.39 on Monday. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.96 and a quick ratio of 1.36. NIKE, Inc. has a 1-year low of $37.95 and a 1-year high of $76.97. The business has a 50 day simple moving average of $41.58 and a two-hundred day simple moving average of $46.16. The stock has a market capitalization of $56.95 billion, a PE ratio of 18.37, a P/E/G ratio of 1.88 and a beta of 1.10.

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

NIKE Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders 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 4.3%. NIKE’s dividend payout ratio is 78.47%.

More 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

Analysts Set New Price Targets

Several brokerages have recently commented on NKE. Argus upgraded shares of NIKE to a “strong-buy” rating in a research report on Wednesday, July 15th. CICC Research decreased their price target on NIKE from $58.00 to $44.80 and set a “neutral” rating on the stock in a report on Thursday, July 2nd. Sanford C. Bernstein restated an “outperform” rating and issued a $68.00 price objective (down from $72.00) on shares of NIKE in a research report on Wednesday, July 29th. Wells Fargo & Company dropped their price objective on NIKE from $45.00 to $40.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 1st. Finally, Weiss Ratings upgraded NIKE from a “sell (d)” rating to a “sell (d+)” rating in a research report on Friday, July 17th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, twenty have given a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $52.94.

NIKE 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).