Rockefeller Capital Management L.P. Sells 47,694 Shares of NIKE, Inc. $NKE

Rockefeller Capital Management L.P. cut its position in NIKE, Inc. (NYSE:NKE) by 17.9% in the 4th quarter, Holdings Channel.com reports. The firm owned 219,412 shares of the footwear maker’s stock after selling 47,694 shares during the period. Rockefeller Capital Management L.P.’s holdings in NIKE were worth $13,982,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the company. Main Street Financial Solutions LLC increased its stake in shares of NIKE by 4.2% in the second quarter. Main Street Financial Solutions LLC now owns 3,441 shares of the footwear maker’s stock valued at $244,000 after buying an additional 139 shares during the period. Diligent Investors LLC raised its holdings in NIKE by 4.3% in the 4th quarter. Diligent Investors LLC now owns 3,719 shares of the footwear maker’s stock valued at $237,000 after buying an additional 153 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in NIKE by 4.3% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 3,978 shares of the footwear maker’s stock worth $253,000 after buying an additional 163 shares during the period. Lakeshore Capital Group Inc. grew its holdings in NIKE by 2.9% during the 4th quarter. Lakeshore Capital Group Inc. now owns 5,868 shares of the footwear maker’s stock worth $374,000 after acquiring an additional 165 shares during the last quarter. Finally, ANB Bank grew its holdings in NIKE by 0.7% during the 4th quarter. ANB Bank now owns 25,451 shares of the footwear maker’s stock worth $1,621,000 after acquiring an additional 165 shares during the last quarter. 64.25% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently issued reports on NKE. BTIG Research dropped their price target on shares of NIKE from $90.00 to $75.00 and set a “buy” rating for the company in a research note on Wednesday, April 1st. Wall Street Zen raised shares of NIKE from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. Telsey Advisory Group lowered their target price on NIKE from $65.00 to $55.00 and set a “market perform” rating for the company in a research report on Wednesday, April 1st. China Renaissance lowered their target price on NIKE from $74.60 to $50.30 and set a “hold” rating for the company in a research report on Thursday, April 2nd. Finally, Berenberg Bank reaffirmed a “neutral” rating on shares of NIKE in a report on Wednesday, May 6th. Fourteen analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $60.01.

Insider Activity

In other NIKE news, CEO Elliott Hill acquired 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 transaction, the chief executive officer owned 265,247 shares in the company, valued at approximately $11,211,990.69. The trade was a 9.79% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Timothy D. Cook acquired 25,000 shares of the company’s stock in a transaction dated Friday, April 10th. The stock was acquired 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 $5,536,266.40. This trade represents a 23.70% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last 90 days, insiders acquired 64,441 shares of company stock worth $2,734,204. 0.80% of the stock is owned by insiders.

NIKE Stock Down 1.6%

Shares of NYSE NKE opened at $42.49 on Wednesday. The company has a market capitalization of $62.92 billion, a P/E ratio of 28.14, a price-to-earnings-growth ratio of 1.87 and a beta of 1.12. NIKE, Inc. has a 52-week low of $41.35 and a 52-week high of $80.17. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.45 and a current ratio of 2.14. The company’s 50 day moving average price is $44.38 and its 200-day moving average price is $54.40.

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 net margin of 4.84% and a return on equity of 16.41%. The company had revenue of $11.28 billion during the quarter, compared to analysts’ expectations of $11.23 billion. During the same period in the prior year, the company posted $0.54 earnings per share. NIKE’s revenue for the quarter was up .1% compared to the same quarter last year. Equities analysts forecast that NIKE, Inc. will post 1.49 earnings per share 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. The ex-dividend date of this dividend is Monday, June 1st. This represents a $1.64 dividend on an annualized basis and a yield of 3.9%. NIKE’s dividend payout ratio is 108.61%.

Key Stories Impacting NIKE

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: NIKE named Pfizer finance executive David Denton as its next CFO, a move that could strengthen leadership during the company’s turnaround. Nike also said fiscal Q4 results remain on track and reaffirmed its outlook, which helped the stock recover some ground after hours. Reuters article
• Neutral Sentiment: Investors are watching ahead of NIKE’s June 30 earnings report, with analysts expecting weaker fourth-quarter results and closely scrutinizing whether the company can show progress on sales and margin recovery. Benzinga article
• Negative Sentiment: Evercore ISI downgraded NIKE to In Line and cut its price target, citing limited new product momentum and deeper operating challenges such as U.S. channel weakness, Jordan brand softness, and European supply delays. Benzinga article
• Negative Sentiment: Other commentary also pointed to a sluggish turnaround, with CEO Elliott Hill saying the effort is taking longer than expected amid tariffs, weak demand, and uneven global performance, reinforcing concerns that the recovery may be slow. Benzinga article

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).