Janus Henderson Group PLC Increases Stake in NIKE, Inc. $NKE

Janus Henderson Group PLC grew its position in shares of NIKE, Inc. (NYSE:NKE) by 12.5% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,887,609 shares of the footwear maker’s stock after buying an additional 874,662 shares during the quarter. Janus Henderson Group PLC’s holdings in NIKE were worth $502,537,000 as of its most recent filing with the SEC.

Other large investors also recently bought and sold shares of the company. Cornerstone Financial Management LLC purchased a new position in NIKE during the 4th quarter worth $26,000. J.Safra Asset Management Corp purchased a new position in NIKE during the 4th quarter worth $29,000. Kemnay Advisory Services Inc. purchased a new position in NIKE during the 4th quarter worth $30,000. Litman Gregory Wealth Management LLC acquired a new position in shares of NIKE during the 4th quarter worth $32,000. Finally, Prosperity Bancshares Inc acquired a new position in shares of NIKE during the 4th quarter worth $32,000. Hedge funds and other institutional investors own 64.25% of the company’s stock.

Insiders Place Their Bets

In other NIKE news, Director Timothy D. Cook purchased 25,000 shares of the stock in a transaction dated Friday, April 10th. The shares were acquired at an average cost of $42.43 per share, for a total transaction of $1,060,750.00. Following the completion of the transaction, the director directly owned 130,480 shares of the company’s stock, valued at $5,536,266.40. This trade represents a 23.70% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Robert Holmes Swan purchased 11,781 shares of the stock in a transaction dated Tuesday, April 7th. The stock was acquired at an average price of $42.44 per share, for a total transaction of $499,985.64. Following the completion of the transaction, the director directly owned 55,074 shares of the company’s stock, valued at approximately $2,337,340.56. The trade was a 27.21% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last ninety days, insiders acquired 64,441 shares of company stock valued at $2,734,204. Corporate insiders own 0.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on NKE shares. Barclays lowered their price target on shares of NIKE from $73.00 to $67.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 1st. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of NIKE in a research note on Monday, April 13th. HSBC cut shares of NIKE from a “buy” rating to a “hold” rating and lowered their price target for the stock from $90.00 to $48.00 in a research note on Monday, April 13th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $52.00 price target on shares of NIKE in a research note on Friday, June 5th. Finally, Royal Bank Of Canada cut shares of NIKE from an “outperform” rating to a “sector perform” rating and lowered their price target for the stock from $70.00 to $50.00 in a research note on Wednesday, June 10th. 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. According to MarketBeat.com, NIKE presently has an average rating of “Hold” and an average target price of $60.89.

Key Stories Impacting NIKE

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: NIKE is entering the World Cup with a major global marketing push, including new football boots, federation shirts, and refreshed store displays, which could boost brand visibility and merchandise sales. Nike gets World Cup opportunity it can’t afford to waste
• Positive Sentiment: Reports of record Knicks championship merchandise sales suggest strong demand tied to major sports moments, reinforcing Nike’s ability to monetize high-profile events. Nike (NKE) Sees Record Knicks Merch Sales As The World Cup Begins
• Neutral Sentiment: Several recent articles frame NIKE as a fairly valued stock after a multi-year decline, suggesting investors may see the shares as pricing in a lot of bad news already. Nike (NKE) Stock Price Looks Fair After Multi‑Year Slide And DCF Check
• Neutral Sentiment: Analysts continue to compare Nike with stronger-performing footwear peers like Steven Madden, highlighting that Nike still faces turnaround pressure and relative growth concerns. NIKE vs. Steven Madden: Which Stock Has an Edge in the Footwear Space?
• Negative Sentiment: Nike is still viewed as struggling to regain momentum ahead of its June 30 earnings report, keeping attention on whether management can show a real improvement in the business. Nike Stock Struggling to Bounce Back Before Earnings

NIKE Stock Down 1.9%

Shares of NYSE NKE opened at $44.19 on Thursday. The firm’s 50-day moving average is $44.30 and its two-hundred day moving average is $54.99. The company has a market capitalization of $65.45 billion, a PE ratio of 29.27, a price-to-earnings-growth ratio of 1.95 and a beta of 1.12. NIKE, Inc. has a 12-month low of $41.35 and a 12-month high of $80.17. 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 (NYSE:NKE) last released its quarterly earnings results on Tuesday, March 31st. The footwear maker reported $0.35 EPS for the quarter, beating the consensus estimate of $0.29 by $0.06. The business had revenue of $11.28 billion for the quarter, compared to analyst estimates of $11.23 billion. NIKE had a net margin of 4.84% and a return on equity of 16.41%. The company’s quarterly revenue was up .1% on a year-over-year basis. During the same period in the prior year, the business earned $0.54 earnings per share. Equities analysts anticipate that NIKE, Inc. will post 1.49 EPS for the current fiscal year.

NIKE Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders 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 dividend yield of 3.7%. NIKE’s dividend payout ratio is currently 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).