NIKE, Inc. $NKE Shares Purchased by MASTERINVEST Kapitalanlage GmbH

MASTERINVEST Kapitalanlage GmbH increased its holdings in NIKE, Inc. (NYSE:NKE) by 32.7% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 55,601 shares of the footwear maker’s stock after acquiring an additional 13,701 shares during the period. MASTERINVEST Kapitalanlage GmbH’s holdings in NIKE were worth $2,282,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in NKE. Westerkirk Capital Inc. boosted its position in shares of NIKE by 52.4% during the 4th quarter. Westerkirk Capital Inc. now owns 131,220 shares of the footwear maker’s stock worth $8,360,000 after purchasing an additional 45,100 shares during the period. OMERS ADMINISTRATION Corp increased its holdings in NIKE by 77.9% in the 4th quarter. OMERS ADMINISTRATION Corp now owns 2,526,179 shares of the footwear maker’s stock valued at $160,943,000 after purchasing an additional 1,106,499 shares during the last quarter. OneDigital Investment Advisors LLC raised its position in NIKE by 32.8% in the second quarter. OneDigital Investment Advisors LLC now owns 244,296 shares of the footwear maker’s stock valued at $10,028,000 after purchasing an additional 60,375 shares during the period. PFA Pension Forsikringsaktieselskab purchased a new stake in NIKE in the fourth quarter valued at approximately $43,188,000. Finally, Nicholas Company Inc. lifted its stake in NIKE by 33.3% during the fourth quarter. Nicholas Company Inc. now owns 123,652 shares of the footwear maker’s stock worth $7,878,000 after purchasing an additional 30,890 shares in the last quarter. Institutional investors and hedge funds own 64.25% of the company’s stock.

Insider Buying and Selling

In other news, EVP Philip Mccartney sold 17,398 shares of the business’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $46.18, for a total transaction of $803,439.64. Following the completion of the transaction, the executive vice president directly owned 53,133 shares of the company’s stock, valued at approximately $2,453,681.94. The trade was a 24.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, COO Venkatesh Alagirisamy sold 890 shares of the business’s stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $41.60, for a total value of $37,024.00. Following the transaction, the chief operating officer directly owned 74,820 shares of the company’s stock, valued at approximately $3,112,512. This represents a 1.18% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 26,142 shares of company stock worth $1,169,380 in the last quarter. Company insiders own 1.10% of the company’s stock.

Key NIKE News

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: NIKE is appointing a senior executive with Walmart experience as it seeks to improve sales execution and rebuild momentum. The leadership addition provides a potential catalyst, although investors will likely want evidence of stronger results before changing their outlook. Nike taps Walmart veteran to help drive comeback
• Positive Sentiment: Some valuation measures suggest NKE shares may be undervalued after the prolonged decline. However, discounted-cash-flow analysis indicates the stock may be closer to fairly valued, limiting the strength of the bullish argument. Nike stock valuation analysis
• Positive Sentiment: Recent insider activity includes purchases by CEO Elliott Hill and other executives, signaling that some insiders view the depressed share price as attractive. Institutional positioning was mixed, with some large investors adding shares while others reduced holdings. Nike stock opinions and trading activity
• Neutral Sentiment: NIKE’s latest quarterly results exceeded earnings and revenue estimates, but revenue still declined year over year, reinforcing the view that the company’s recovery remains incomplete.
• Negative Sentiment: Truist downgraded NKE to Hold after weakness at retail partner Dick’s Sporting Goods raised concerns about soft traffic, muted consumer demand and a potentially longer turnaround. Analysts have also lowered price targets, citing China-related challenges. Why Nike stock is falling
• Negative Sentiment: Commentary highlights continued market-share erosion, legacy inventory issues and negative reactions to some upcoming Air Jordan designs, raising questions about NIKE’s product innovation and brand relevance. Nike performance struggles
• Negative Sentiment: Investors are also assessing dividend sustainability: NIKE’s payout growth could become more difficult to maintain if earnings do not improve materially during the turnaround. Nike dividend sustainability

NIKE Stock Performance

NYSE:NKE opened at $38.34 on Friday. NIKE, Inc. has a 52 week low of $38.17 and a 52 week high of $79.13. The company has a fifty day simple moving average of $42.02 and a two-hundred day simple moving average of $47.17. The company has a quick ratio of 1.36, a current ratio of 1.96 and a debt-to-equity ratio of 0.40. The company has a market cap of $56.88 billion, a price-to-earnings ratio of 18.34, a price-to-earnings-growth ratio of 1.71 and a beta of 1.11.

NIKE (NYSE:NKE) last announced its quarterly earnings data on Tuesday, June 30th. The footwear maker reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.09. The business had revenue of $10.97 billion for the quarter, compared to analysts’ expectations of $10.85 billion. NIKE had a return on equity of 16.54% and a net margin of 6.70%.The company’s revenue for the quarter was down 1.1% compared to the same quarter last year. During the same period last year, the firm earned $0.14 earnings per share. As a group, equities analysts anticipate that NIKE, Inc. will post 1.74 earnings per share for the current fiscal year.

NIKE Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 1st will be issued a dividend of $0.41 per share. The ex-dividend date is Tuesday, September 1st. This represents a $1.64 annualized dividend and a yield of 4.3%. NIKE’s dividend payout ratio is 78.47%.

Wall Street Analyst Weigh In

NKE has been the subject of several research analyst reports. Oppenheimer lowered their price target on NIKE from $120.00 to $60.00 and set an “outperform” rating for the company in a research report on Friday, June 26th. DZ Bank reiterated a “buy” rating on shares of NIKE in a report on Tuesday, June 30th. Telsey Advisory Group set a $47.00 target price on NIKE and gave the stock a “market perform” rating in a research note on Wednesday, July 1st. Zacks Research upgraded NIKE from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 19th. Finally, Deutsche Bank Aktiengesellschaft lifted their target price on NIKE from $43.00 to $45.00 and gave the company a “hold” rating in a research report on Friday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, twenty have given a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat, NIKE presently has an average rating of “Hold” and a consensus target price of $52.94.

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).