Clal Insurance Enterprises Holdings Ltd Buys 75,000 Shares of NIKE, Inc. $NKE

Clal Insurance Enterprises Holdings Ltd raised its stake in shares of NIKE, Inc. (NYSE:NKE) by 12.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 660,000 shares of the footwear maker’s stock after purchasing an additional 75,000 shares during the quarter. Clal Insurance Enterprises Holdings Ltd’s holdings in NIKE were worth $42,400,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also bought and sold shares of the company. Westerkirk Capital Inc. lifted its position in NIKE by 52.4% during the fourth quarter. Westerkirk Capital Inc. now owns 131,220 shares of the footwear maker’s stock valued at $8,360,000 after purchasing an additional 45,100 shares during the last quarter. Mizuho Markets Cayman LP bought a new stake in NIKE during the third quarter valued at approximately $34,200,000. PFA Pension Forsikringsaktieselskab bought a new stake in NIKE during the fourth quarter valued at approximately $43,188,000. Strive Asset Management LLC bought a new stake in NIKE during the third quarter valued at approximately $1,743,000. Finally, Nicholas Company Inc. lifted its position in NIKE by 33.3% during the fourth quarter. Nicholas Company Inc. now owns 123,652 shares of the footwear maker’s stock valued at $7,878,000 after purchasing an additional 30,890 shares during the last quarter. 64.25% of the stock is currently owned by institutional investors.

NIKE News Roundup

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: Recent coverage highlighted Nike’s “running revival,” suggesting improving momentum in its running category could help refresh the growth story and support a longer-term turnaround. How Nike’s Running Revival Changes The Nike Stock Story
• Neutral Sentiment: Nike’s World Cup marketing push is aimed at strengthening brand visibility versus Adidas, but it is more of a strategic brand-building effort than an immediate earnings catalyst. Nike’s World Cup play: take on Adidas and revitalize the brand
• Neutral Sentiment: EVP Philip McCartney sold 17,398 shares under a pre-arranged 10b5-1 plan to cover tax withholding tied to vesting equity awards, which is routine but still adds to investor caution around insider activity. SEC filing
• Negative Sentiment: RBC Capital and other commentators downgraded Nike or reiterated skepticism, arguing the turnaround is progressing more slowly than expected and raising concerns about margins, profit goals, and the pace of operational improvement. Nike (NKE) was downgraded to a Hold Rating at RBC Capital
• Negative Sentiment: Recent market commentary said Nike is “still running in place” and has limited time to prove its turnaround, reinforcing worries that the stock may remain range-bound until fundamentals improve. Nike still running in place as turnaround taking longer than expected — RBC Capital

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on NKE. CICC Research lowered shares of NIKE from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from $69.00 to $58.00 in a report on Monday, April 6th. Stifel Nicolaus lowered their price objective on shares of NIKE from $65.00 to $56.00 and set a “hold” rating for the company in a report on Wednesday, April 1st. BTIG Research lowered their price objective on shares of NIKE from $90.00 to $75.00 and set a “buy” rating for the company in a report on Wednesday, April 1st. Guggenheim lowered their price objective on shares of NIKE from $77.00 to $74.00 and set a “buy” rating for the company in a report on Wednesday, April 1st. Finally, Telsey Advisory Group lowered their price objective on shares of NIKE from $65.00 to $55.00 and set a “market perform” rating for the company in a report on Wednesday, April 1st. Fifteen investment analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and three have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, NIKE currently has a consensus rating of “Hold” and an average price target of $60.89.

Insider Buying and Selling

In other news, Director Timothy D. Cook bought 25,000 shares of NIKE stock in a transaction that occurred on Friday, April 10th. The stock was bought at an average cost of $42.43 per share, with a total value of $1,060,750.00. Following the acquisition, the director owned 130,480 shares of the company’s stock, valued at $5,536,266.40. The trade was a 23.70% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director John W. Rogers, Jr. bought 4,000 shares of NIKE stock in a transaction that occurred on Thursday, April 9th. The stock was purchased at an average cost of $43.34 per share, with a total value of $173,360.00. Following the completion of the acquisition, the director directly owned 41,022 shares in the company, valued at $1,777,893.48. This represents a 10.80% 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 in the last ninety days. Corporate insiders own 0.80% of the company’s stock.

NIKE Price Performance

NKE opened at $44.90 on Friday. The company’s 50-day simple moving average is $44.26 and its two-hundred day simple moving average is $55.45. 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 stock has a market capitalization of $66.49 billion, a P/E ratio of 29.73, a P/E/G ratio of 1.99 and a beta of 1.12.

NIKE (NYSE:NKE) last issued 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. The firm had revenue of $11.28 billion for the quarter, compared to analysts’ expectations of $11.23 billion. NIKE had a net margin of 4.84% and a return on equity of 16.41%. The business’s quarterly revenue was up .1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.54 EPS. As a group, analysts predict that NIKE, Inc. will post 1.49 EPS for the current year.

NIKE Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Monday, June 1st will be issued a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend is Monday, June 1st. NIKE’s dividend payout ratio is currently 108.61%.

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).