Resona Asset Management Co. Ltd. Cuts Stock Position in NIKE, Inc. $NKE

Resona Asset Management Co. Ltd. trimmed its stake in NIKE, Inc. (NYSE:NKE) by 4.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 386,042 shares of the footwear maker’s stock after selling 16,298 shares during the quarter. Resona Asset Management Co. Ltd.’s holdings in NIKE were worth $24,438,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Harris Associates L P purchased a new stake in NIKE in the 2nd quarter worth approximately $621,525,000. Jennison Associates LLC lifted its stake in NIKE by 42.3% in the 3rd quarter. Jennison Associates LLC now owns 11,838,528 shares of the footwear maker’s stock worth $825,501,000 after purchasing an additional 3,518,666 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in NIKE by 129.4% in the 2nd quarter. Ameriprise Financial Inc. now owns 5,849,636 shares of the footwear maker’s stock worth $411,951,000 after purchasing an additional 3,299,155 shares in the last quarter. Flossbach Von Storch SE lifted its stake in NIKE by 29.3% in the 4th quarter. Flossbach Von Storch SE now owns 12,753,317 shares of the footwear maker’s stock worth $812,514,000 after purchasing an additional 2,886,856 shares in the last quarter. Finally, Sustainable Growth Advisers LP purchased a new stake in shares of NIKE in the 3rd quarter valued at about $190,182,000. 64.25% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at NIKE

In other NIKE news, Director Timothy D. Cook acquired 25,000 shares of the business’s stock in a transaction on Friday, April 10th. The shares were acquired at an average price of $42.43 per share, for a total transaction of $1,060,750.00. Following the completion of the acquisition, the director 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. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robert Holmes Swan purchased 11,781 shares of the company’s stock in a transaction that occurred on Tuesday, April 7th. The stock was purchased at an average price of $42.44 per share, for a total transaction of $499,985.64. Following the purchase, the director owned 55,074 shares in the company, valued at $2,337,340.56. This represents a 27.21% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have acquired a total of 64,441 shares of company stock worth $2,734,204 in the last ninety days. 0.80% of the stock is owned by company insiders.

NIKE Price Performance

NKE stock opened at $42.44 on Wednesday. The firm’s 50-day moving average price is $47.29 and its two-hundred day moving average price is $57.70. NIKE, Inc. has a 12-month low of $41.35 and a 12-month high of $80.17. The stock has a market capitalization of $62.85 billion, a price-to-earnings ratio of 28.11, a PEG ratio of 2.26 and a beta of 1.12. The company has a current ratio of 2.14, a quick ratio of 1.45 and a debt-to-equity ratio of 0.50.

NIKE (NYSE:NKE) last posted its earnings results on Tuesday, March 31st. The footwear maker reported $0.35 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $11.28 billion for the quarter, compared to analysts’ expectations of $11.23 billion. During the same period in the previous year, the firm earned $0.54 earnings per share. The business’s revenue was up .1% compared to the same quarter last year. As a group, equities analysts predict that NIKE, Inc. will post 1.51 earnings per share for the current year.

NIKE Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Monday, June 1st will be issued a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date is Monday, June 1st. NIKE’s dividend payout ratio is 108.61%.

Analyst Ratings Changes

NKE has been the topic of several recent analyst reports. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $52.00 price target (down from $76.00) on shares of NIKE in a report on Wednesday, April 1st. Bank of America restated a “neutral” rating and set a $55.00 price objective (down from $73.00) on shares of NIKE in a research report on Wednesday, April 1st. DA Davidson cut shares of NIKE from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $72.00 to $46.00 in a research report on Thursday, April 2nd. Berenberg Bank restated a “neutral” rating on shares of NIKE in a research report on Wednesday, May 6th. Finally, Royal Bank Of Canada restated a “buy” rating on shares of NIKE in a research report on Wednesday, April 1st. Sixteen research analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, NIKE presently has a consensus rating of “Hold” and an average target price of $62.04.

Key Headlines Impacting NIKE

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: NIKE is expanding its digital and technology strategy by partnering with Google to use AI tools that could improve product discovery and support sales growth. Nike Turns to Google’s AI to Lift Sales, But NKE Stock Keeps Falling
• Neutral Sentiment: Several articles frame NIKE versus Wolverine as a comparison of business models, with NIKE leaning on athlete-led innovation and direct-to-consumer reach while Wolverine emphasizes niche brands and tighter promotions. NIKE vs. Wolverine: Which Footwear Player Is Built to Win?
• Neutral Sentiment: Some investors and commentators are asking whether NIKE stock looks attractive after recent weakness, suggesting the market is weighing recovery potential against ongoing execution risks. Should You Buy the Dip on Nike Stock?
• Negative Sentiment: Ongoing weakness in China remains the biggest near-term concern, with reports citing soft consumer demand, stronger local competition, and inventory issues that could delay a sustained rebound. Is NIKE’s China Recovery a Catalyst or Continuing Concern?

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).