Bank Julius Baer & Co. Ltd Zurich Buys 17,692 Shares of NIKE, Inc. $NKE

Bank Julius Baer & Co. Ltd Zurich increased its holdings in NIKE, Inc. (NYSE:NKE) by 1.6% during the 4th quarter, HoldingsChannel reports. The firm owned 1,098,996 shares of the footwear maker’s stock after buying an additional 17,692 shares during the period. Bank Julius Baer & Co. Ltd Zurich’s holdings in NIKE were worth $69,220,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Guerra Advisors Inc bought a new stake in NIKE in the third quarter worth $34,000. Gordian Capital Singapore Pte Ltd bought a new stake in NIKE in the third quarter worth $35,000. Accredited Wealth Management LLC increased its position in NIKE by 268.6% in the third quarter. Accredited Wealth Management LLC now owns 516 shares of the footwear maker’s stock worth $36,000 after purchasing an additional 376 shares during the last quarter. Matrix Trust Co increased its position in NIKE by 43.6% in the fourth quarter. Matrix Trust Co now owns 596 shares of the footwear maker’s stock worth $38,000 after purchasing an additional 181 shares during the last quarter. Finally, Ares Financial Consulting LLC bought a new stake in NIKE in the fourth quarter worth $40,000. Institutional investors own 64.25% of the company’s stock.

Analyst Ratings Changes

NKE has been the topic of several research reports. Bank of America restated a “neutral” rating and issued a $55.00 price target (down from $73.00) on shares of NIKE in a research report on Wednesday, April 1st. BTIG Research reduced their price target on shares of NIKE from $90.00 to $75.00 and set a “buy” rating on the stock in a research report on Wednesday, April 1st. The Goldman Sachs Group restated a “neutral” rating and issued a $52.00 price target (down from $76.00) on shares of NIKE in a research report on Wednesday, April 1st. Piper Sandler restated a “neutral” rating and issued a $50.00 price target (down from $60.00) on shares of NIKE in a research report on Friday, April 10th. Finally, Truist Financial cut their price objective on shares of NIKE from $69.00 to $57.00 and set a “buy” rating on the stock in a research report on Wednesday, April 1st. Sixteen analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $62.04.

Insider Activity at NIKE

In related news, CEO Elliott Hill bought 23,660 shares of the stock in a transaction dated Monday, April 13th. The stock was purchased at an average cost of $42.27 per share, with a total value of $1,000,108.20. Following the completion of the purchase, the chief executive officer 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 transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Robert Holmes Swan bought 11,781 shares of the stock in a transaction dated Tuesday, April 7th. The shares were bought at an average cost of $42.44 per share, with a total value of $499,985.64. Following the completion of the purchase, the director directly owned 55,074 shares of the company’s stock, valued at approximately $2,337,340.56. This trade represents a 27.21% increase in their position. The SEC filing for this purchase provides additional information. Insiders bought a total of 64,441 shares of company stock valued at $2,734,204 over the last ninety days. Company insiders own 0.80% of the company’s stock.

NIKE Trading Up 0.0%

NKE stock opened at $42.37 on Thursday. The company has a quick ratio of 1.45, a current ratio of 2.14 and a debt-to-equity ratio of 0.50. NIKE, Inc. has a twelve month low of $41.70 and a twelve month high of $80.17. The stock has a market capitalization of $62.74 billion, a price-to-earnings ratio of 28.06, a price-to-earnings-growth ratio of 2.25 and a beta of 1.12. The firm’s fifty day simple moving average is $48.58 and its two-hundred day simple moving average is $58.41.

NIKE (NYSE:NKE) last posted its quarterly earnings data on Tuesday, March 31st. The footwear maker reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.06. The business had revenue of $11.28 billion for the quarter, compared to analysts’ expectations of $11.23 billion. NIKE had a net margin of 4.84% and a return on equity of 16.41%. The business’s revenue was up .1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.54 earnings per share. As a group, analysts anticipate that NIKE, Inc. will post 1.51 earnings per share for the current year.

NIKE Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Monday, June 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 3.9%. The ex-dividend date of this dividend is Monday, June 1st. NIKE’s payout ratio is currently 108.61%.

Key NIKE News

Here are the key news stories impacting NIKE this week:

• Negative Sentiment: Multiple reports highlight a steep year-to-date selloff, with investors worried about NIKE’s weak guidance, fading growth momentum, and the stock hitting a 12-year low. Nike freefall hits 12-year low: 3 forces behind $20 YTD wipeout & weak guidance
• Negative Sentiment: Analysts and commentary point to profit-margin pressure, with one report saying NIKE’s margins fell 34%, reinforcing concerns that pricing, costs, and promotions are hurting profitability. Nike’s Profit Margins Fell 34%. Here’s What Investors Need to Know Before Buying the Dip.
• Negative Sentiment: NIKE’s CEO said the turnaround still needs more time, which may temper hopes for a quick rebound and suggest operational improvements are not yet fully visible in the numbers. Why Nike CEO said the company’s turnaround needs more time
• Negative Sentiment: Competition is also a concern, as On Holding reported strong results and double-digit China growth, underscoring that Nike is losing momentum in key growth markets and categories. On Holding beats first-quarter expectations, sees double-digit growth in China as Nike lags
• Neutral Sentiment: State Street disclosed a passive 5% stake in NIKE, which signals continued institutional interest, but the filing was overshadowed by tariff-related legal uncertainty and does not by itself change the near-term outlook. State Street Takes 5% Nike Stake As Tariff Lawsuits Cloud Outlook
• Neutral Sentiment: There is also some potential macro support if China tariffs ease, which could help consumer demand and Nike’s sourcing costs, but this is still more of a possible tailwind than a confirmed catalyst. Which of These 5 Companies Benefits Most From Easing China Tariffs?

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).