Nuance Investments LLC Increases Holdings in NIKE, Inc. $NKE

Nuance Investments LLC raised its holdings in shares of NIKE, Inc. (NYSE:NKE) by 83.3% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 143,086 shares of the footwear maker’s stock after acquiring an additional 65,004 shares during the period. NIKE makes up about 1.0% of Nuance Investments LLC’s investment portfolio, making the stock its 26th largest position. Nuance Investments LLC’s holdings in NIKE were worth $9,116,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in NKE. Gordian Capital Singapore Pte Ltd purchased a new position in NIKE during the third quarter worth about $35,000. Accredited Wealth Management LLC lifted its stake in NIKE by 268.6% during the third quarter. Accredited Wealth Management LLC now owns 516 shares of the footwear maker’s stock worth $36,000 after purchasing an additional 376 shares during the last quarter. Matrix Trust Co lifted its stake in NIKE by 43.6% during the fourth quarter. Matrix Trust Co now owns 596 shares of the footwear maker’s stock worth $38,000 after purchasing an additional 181 shares during the last quarter. Strive Asset Management LLC bought a new stake in NIKE during the third quarter worth about $40,000. Finally, Ares Financial Consulting LLC bought a new stake in NIKE during the fourth quarter worth about $40,000. 64.25% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at NIKE

In other news, Director John W. Rogers, Jr. bought 4,000 shares of the firm’s stock in a transaction dated Thursday, April 9th. The stock was purchased at an average price of $43.34 per share, with a total value of $173,360.00. Following the transaction, the director owned 41,022 shares of the company’s stock, valued at approximately $1,777,893.48. The trade was a 10.80% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Timothy D. Cook bought 25,000 shares of the firm’s stock in a transaction dated Friday, April 10th. The stock was purchased at an average cost of $42.43 per share, with a total value of $1,060,750.00. Following the transaction, 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 position. The SEC filing for this purchase provides additional information. Insiders bought a total of 64,441 shares of company stock worth $2,734,204 over the last 90 days. 0.80% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several equities research analysts have issued reports on NKE shares. Guggenheim dropped their price target on NIKE from $77.00 to $74.00 and set a “buy” rating for the company in a research note on Wednesday, April 1st. UBS Group reaffirmed a “neutral” rating and set a $54.00 price target on shares of NIKE in a research note on Friday. HSBC lowered NIKE from a “buy” rating to a “hold” rating and dropped their price target for the stock from $90.00 to $48.00 in a research note on Monday, April 13th. Deutsche Bank Aktiengesellschaft lowered their target price on NIKE from $54.00 to $51.00 and set a “hold” rating for the company in a research note on Wednesday, April 1st. Finally, DZ Bank reissued a “buy” rating on shares of NIKE in a research note on Tuesday, April 21st. Sixteen equities research analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $62.04.

Key NIKE News

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 Trading Down 1.3%

NKE opened at $43.05 on Friday. The business has a 50 day simple moving average of $44.85 and a two-hundred day simple moving average of $56.08. The firm has a market capitalization of $63.75 billion, a price-to-earnings ratio of 28.51, a PEG ratio of 1.89 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, Inc. has a one year low of $41.35 and a one year high of $80.17.

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

NIKE Dividend Announcement

The firm 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 3.8%. NIKE’s dividend payout ratio is presently 108.61%.

NIKE Company 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).