NIKE, Inc. $NKE Shares Sold by Cibc World Market Inc.

Cibc World Market Inc. reduced its position in NIKE, Inc. (NYSE:NKE) by 19.3% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 408,764 shares of the footwear maker’s stock after selling 97,733 shares during the period. Cibc World Market Inc.’s holdings in NIKE were worth $26,042,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Gordian Capital Singapore Pte Ltd acquired a new position in shares of NIKE in the third quarter worth about $35,000. Accredited Wealth Management LLC grew its stake in NIKE by 268.6% during the 3rd quarter. Accredited Wealth Management LLC now owns 516 shares of the footwear maker’s stock valued at $36,000 after purchasing an additional 376 shares in the last quarter. Matrix Trust Co grew its stake in NIKE by 43.6% during the 4th quarter. Matrix Trust Co now owns 596 shares of the footwear maker’s stock valued at $38,000 after purchasing an additional 181 shares in the last quarter. Ares Financial Consulting LLC purchased a new stake in NIKE during the 4th quarter worth approximately $40,000. Finally, Strive Asset Management LLC acquired a new position in shares of NIKE in the 3rd quarter valued at approximately $40,000. 64.25% of the stock is currently owned by institutional investors and hedge funds.

NIKE Price Performance

Shares of NYSE NKE opened at $43.66 on Friday. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.14 and a quick ratio of 1.45. The firm has a market capitalization of $64.65 billion, a PE ratio of 28.91, a P/E/G ratio of 1.87 and a beta of 1.12. NIKE, Inc. has a 1-year low of $41.35 and a 1-year high of $80.17. The business’s fifty day moving average price is $45.05 and its two-hundred day moving average price is $56.17.

NIKE (NYSE:NKE) last released 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. NIKE had a net margin of 4.84% and a return on equity of 16.41%. The business had revenue of $11.28 billion during the quarter, compared to analyst estimates of $11.23 billion. During the same quarter in the prior year, the firm earned $0.54 earnings per share. The company’s quarterly revenue was up .1% on a year-over-year basis. On average, research analysts expect that NIKE, Inc. will post 1.49 EPS for the current year.

NIKE Announces Dividend

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

Insider Activity

In other NIKE news, CEO Elliott Hill acquired 23,660 shares of NIKE stock in a transaction dated Monday, April 13th. The stock was acquired at an average cost of $42.27 per share, for a total transaction of $1,000,108.20. Following the completion of the transaction, the chief executive officer owned 265,247 shares in the company, valued at approximately $11,211,990.69. This represents a 9.79% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Timothy D. Cook acquired 25,000 shares of the firm’s stock in a transaction that occurred on Friday, April 10th. The stock was acquired at an average cost of $42.43 per share, with a total value of $1,060,750.00. Following the completion of the acquisition, 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. The disclosure for this purchase is available in the SEC filing. Insiders have bought a total of 64,441 shares of company stock worth $2,734,204 in the last quarter. Company insiders own 0.80% of the company’s stock.

Key Headlines Impacting NIKE

Here are the key news stories impacting NIKE this week:

• Negative Sentiment: NIKE faces renewed pressure from inventory cleanup, sportswear weakness, and China headwinds that may keep sales and margins under strain. NKE Stock Slips Below 50-Day SMA: A Warning Sign for Investors?
• Negative Sentiment: Zacks Research downgraded NIKE from hold to strong sell, which can weigh on investor sentiment. Zacks downgrade report
• Negative Sentiment: A DCF analysis from GuruFocus suggested NIKE may be trading well above its estimated intrinsic value, reinforcing valuation concerns. NKE DCF Analysis: Intrinsic Value $19 vs Price $44
• Neutral Sentiment: Several articles noted that NIKE is attracting investor attention, but did not add new fundamental catalysts beyond general market interest. NIKE, Inc. (NKE) is Attracting Investor Attention: Here is What You Should Know
• Neutral Sentiment: NIKE’s AI push and internal automation efforts highlight a longer-term efficiency strategy, but investors are still questioning near-term margin benefits and dividend strength. Nike’s AI Push Raises Questions On Margins And Dividend Strength
• Neutral Sentiment: NIKE’s upcoming connection to Lululemon’s CEO transition is notable, as incoming Lululemon CEO Heidi O’Neill will join after her NIKE non-compete expires, but the article is more relevant to LULU than NKE. Lululemon’s next CEO knows how to get it ‘back on track’: Analyst

Analysts Set New Price Targets

NKE has been the subject of several research analyst reports. DA Davidson cut NIKE from a “buy” rating to a “neutral” rating and reduced their target price for the company from $72.00 to $46.00 in a research note on Thursday, April 2nd. Guggenheim cut their price target on shares of NIKE from $77.00 to $74.00 and set a “buy” rating on the stock in a report on Wednesday, April 1st. Jefferies Financial Group reduced their price objective on shares of NIKE from $110.00 to $90.00 and set a “buy” rating on the stock in a research note on Wednesday, April 1st. Bank of America reissued a “neutral” rating and set a $55.00 price objective (down from $73.00) on shares of NIKE in a report on Wednesday, April 1st. Finally, Needham & Company LLC restated a “hold” rating on shares of NIKE in a research note on Thursday. Sixteen research analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $62.04.

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).