First Growth Capital LLC Takes Position in NIKE, Inc. $NKE

First Growth Capital LLC acquired a new position in shares of NIKE, Inc. (NYSE:NKE) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 13,192 shares of the footwear maker’s stock, valued at approximately $823,000.

Several other institutional investors have also recently modified their holdings of the stock. Cornerstone Financial Management LLC purchased a new stake in NIKE in the 4th quarter valued at approximately $26,000. J.Safra Asset Management Corp purchased a new position in NIKE during the fourth quarter worth $29,000. Kemnay Advisory Services Inc. purchased a new position in NIKE during the fourth quarter worth $30,000. Litman Gregory Wealth Management LLC acquired a new position in shares of NIKE in the fourth quarter worth $32,000. Finally, Prosperity Bancshares Inc acquired a new position in shares of NIKE in the fourth quarter worth $32,000. 64.25% of the stock is currently owned by institutional investors and hedge funds.

NIKE Trading Up 2.3%

Shares of NKE stock opened at $45.22 on Friday. The firm’s 50-day simple moving average is $44.35 and its 200-day simple moving average is $54.85. 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, Inc. has a 1-year low of $41.35 and a 1-year high of $80.17. The firm has a market cap of $66.97 billion, a P/E ratio of 29.95, a PEG ratio of 1.91 and a beta of 1.12.

NIKE (NYSE:NKE) last issued its quarterly earnings results on Tuesday, March 31st. The footwear maker reported $0.35 EPS for the quarter, topping the consensus estimate of $0.29 by $0.06. The firm had revenue of $11.28 billion during the quarter, compared to analyst estimates of $11.23 billion. NIKE had a net margin of 4.84% and a return on equity of 16.41%. NIKE’s revenue for the quarter was up .1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.54 earnings per share. As a group, equities analysts forecast that NIKE, Inc. will post 1.49 EPS for the current year.

NIKE Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Monday, June 1st will be given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date of this dividend is Monday, June 1st. NIKE’s payout ratio is 108.61%.

Insider Activity at NIKE

In other news, CEO Elliott Hill acquired 23,660 shares of the business’s 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 acquisition, the chief executive officer directly owned 265,247 shares in the company, valued at $11,211,990.69. This trade represents a 9.79% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Timothy D. Cook acquired 25,000 shares of NIKE stock in a transaction dated Friday, April 10th. The stock was purchased at an average cost of $42.43 per share, for a total transaction of $1,060,750.00. Following the completion of the purchase, the director directly owned 130,480 shares in the company, valued at approximately $5,536,266.40. This represents a 23.70% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders acquired a total of 64,441 shares of company stock valued at $2,734,204 over the last three months. Insiders own 0.80% of the company’s stock.

NIKE News Summary

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: NIKE is getting a lift from renewed investor attention and momentum after recently outperforming the broader market, with shares rising as traders reassess the stock’s value after a steep multi-year selloff. Article Title
• Positive Sentiment: The company continues to benefit from high-profile brand exposure tied to the World Cup and strong merchandise activity, which could support sales and marketing momentum if it translates into better demand. Article Title
• Positive Sentiment: Some commentary is highlighting NIKE’s elevated dividend yield and “fair value” case after the stock’s long pullback, which may be attracting value-oriented investors. Article Title
• Neutral Sentiment: NIKE announced that board member John Rogers, Jr. will retire after the September 2026 annual meeting and then serve as a strategic advisor; the move appears orderly and not disruptive, so it is unlikely to be a major stock driver. Article Title
• Neutral Sentiment: Investor chatter remains mixed, with articles noting NIKE’s turnaround pressure, upcoming earnings later this month, and a consensus Hold rating from analysts. Article Title

Analyst Ratings Changes

Several brokerages have recently issued reports on NKE. Truist Financial reduced their price objective on NIKE from $69.00 to $57.00 and set a “buy” rating on the stock in a research report on Wednesday, April 1st. UBS Group set a $50.00 target price on shares of NIKE and gave the company a “neutral” rating in a research note on Wednesday, June 10th. Telsey Advisory Group cut their target price on shares of NIKE from $65.00 to $55.00 and set a “market perform” rating for the company in a research note on Wednesday, April 1st. Evercore reduced their target price on shares of NIKE from $69.00 to $57.00 and set an “outperform” rating on the stock in a report on Wednesday, April 1st. Finally, Zacks Research cut shares of NIKE from a “hold” rating to a “strong sell” rating in a research note on Monday, June 1st. Fifteen investment analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $60.89.

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).