NIKE, Inc. $NKE Shares Acquired by Capital World Investors

Capital World Investors increased its stake in NIKE, Inc. (NYSE:NKE) by 16.2% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 49,069,951 shares of the footwear maker’s stock after acquiring an additional 6,830,938 shares during the quarter. Capital World Investors’ holdings in NIKE were worth $3,126,246,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of NKE. Norges Bank acquired a new position in shares of NIKE in the 4th quarter worth $829,956,000. Harris Associates L P purchased a new position in shares of NIKE during the second quarter valued at $621,525,000. Capital International Investors grew its holdings in shares of NIKE by 83.3% during the fourth quarter. Capital International Investors now owns 7,642,382 shares of the footwear maker’s stock valued at $486,895,000 after buying an additional 3,472,515 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in shares of NIKE by 129.4% during the second quarter. Ameriprise Financial Inc. now owns 5,849,636 shares of the footwear maker’s stock valued at $411,951,000 after buying an additional 3,299,155 shares in the last quarter. Finally, Flossbach Von Storch SE grew its holdings in shares of NIKE by 29.3% during the fourth quarter. Flossbach Von Storch SE now owns 12,753,317 shares of the footwear maker’s stock valued at $812,514,000 after buying an additional 2,886,856 shares in the last quarter. 64.25% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the company. Weiss Ratings upgraded NIKE from a “sell (d)” rating to a “sell (d+)” rating in a report on Friday, May 22nd. Truist Financial lowered their price target on NIKE from $69.00 to $57.00 and set a “buy” rating on the stock in a report on Wednesday, April 1st. Williams Trading lowered their price target on NIKE from $80.00 to $57.00 and set a “buy” rating on the stock in a report on Wednesday, April 1st. UBS Group reiterated a “neutral” rating and set a $54.00 price target on shares of NIKE in a report on Friday. Finally, Piper Sandler reiterated a “neutral” rating and set a $50.00 price target (down from $60.00) on shares of NIKE in a report on Friday, April 10th. Sixteen research analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $62.04.

NIKE Price Performance

Shares of NYSE:NKE opened at $43.05 on Friday. NIKE, Inc. has a fifty-two week low of $41.35 and a fifty-two week high of $80.17. The business has a 50-day moving average of $44.85 and a two-hundred day moving average of $56.08. The stock has a market capitalization of $63.75 billion, a P/E ratio of 28.51, a P/E/G ratio of 1.86 and a beta of 1.12. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.14 and a quick ratio of 1.45.

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, topping 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 business had revenue of $11.28 billion during the quarter, compared to analysts’ expectations of $11.23 billion. During the same quarter in the previous year, the firm earned $0.54 EPS. The firm’s revenue was up .1% compared to the same quarter last year. On average, equities research analysts predict that NIKE, Inc. will post 1.49 EPS for the current fiscal year.

NIKE Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Monday, June 1st will be paid a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 3.8%. The ex-dividend date is Monday, June 1st. NIKE’s payout ratio is currently 108.61%.

Insider Transactions at NIKE

In related news, CEO Elliott Hill acquired 23,660 shares of the stock in a transaction dated Monday, April 13th. The shares were bought at an average cost of $42.27 per share, for a total transaction of $1,000,108.20. Following the purchase, the chief executive officer owned 265,247 shares in the company, valued at approximately $11,211,990.69. This trade represents a 9.79% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Timothy D. Cook acquired 25,000 shares of the stock in a transaction dated Friday, April 10th. The stock was bought at an average price of $42.43 per share, for a total transaction of $1,060,750.00. Following the completion of the purchase, the director owned 130,480 shares in the company, valued at approximately $5,536,266.40. This trade represents a 23.70% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders have bought 64,441 shares of company stock valued at $2,734,204. 0.80% of the stock is currently owned by insiders.

Key Stories Impacting NIKE

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: NIKE is leaning into its football business ahead of the World Cup, and analysts said the company’s investor event reinforced CEO Elliott Hill’s plan to rebuild the brand sport by sport and region by region. That could support the long-term turnaround narrative. Nike bets big on Beautiful Game ahead of World Cup
• Positive Sentiment: Investor interest in NIKE remains elevated, with recent coverage highlighting that the stock is still drawing attention from market watchers as they evaluate the company’s outlook and earnings trajectory. NIKE, Inc. (NKE) is Attracting Investor Attention: Here is What You Should Know
• Positive Sentiment: NIKE continues to push a high-profile marketing campaign, “Rip The Script,” featuring major athletes and celebrities, which may help brand visibility and demand heading into a key sports calendar. NKE Stock Eyes Red Week Ahead Of FIFA World Cup: Nike’s Star-Studded Campaign Can’t Stop It From Falling
• Neutral Sentiment: Several articles focused on shifting investor narratives and watched-the-stock commentary, but no new price target or major fundamental update was announced, limiting the immediate catalyst. How The Narrative Around Nike (NKE) Is Evolving Without A New Price Target
• Neutral Sentiment: Commentary on a possible legal inquiry about insider duties did not provide clear evidence of wrongdoing, so it is more of a headline risk than a confirmed stock-moving event. Did NIKE, Inc. Insiders Breach their Fiduciary Duties to Shareholders?
• Negative Sentiment: Some coverage suggests NIKE still faces questions about regaining momentum in a changing consumer market, while the stock has also been pressured by broader concerns that the turnaround may take time. Can Nike Regain Momentum In A Changing Consumer Market?
• Negative Sentiment: Market chatter also highlights a “red week” narrative ahead of the FIFA World Cup, implying investors remain skeptical that NIKE’s ad campaign alone will quickly reverse the stock’s weakness. Curry Defection And World Cup Push Test Nike Turnaround Expectations

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).