Y Intercept Hong Kong Ltd Sells 44,942 Shares of NIKE, Inc. $NKE

Y Intercept Hong Kong Ltd reduced its stake in NIKE, Inc. (NYSE:NKE) by 88.2% during the 3rd quarter, Holdings Channel.com reports. The firm owned 6,012 shares of the footwear maker’s stock after selling 44,942 shares during the period. Y Intercept Hong Kong Ltd’s holdings in NIKE were worth $419,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently modified their holdings of NKE. Mitchell Mcleod Pugh & Williams Inc. raised its stake in NIKE by 1.0% in the second quarter. Mitchell Mcleod Pugh & Williams Inc. now owns 14,176 shares of the footwear maker’s stock valued at $1,007,000 after purchasing an additional 134 shares in the last quarter. Main Street Financial Solutions LLC increased its position in NIKE by 4.2% in the 2nd quarter. Main Street Financial Solutions LLC now owns 3,441 shares of the footwear maker’s stock valued at $244,000 after acquiring an additional 139 shares during the period. St. Clair Advisors LLC lifted its holdings in NIKE by 0.9% during the 3rd quarter. St. Clair Advisors LLC now owns 15,217 shares of the footwear maker’s stock worth $1,061,000 after buying an additional 140 shares during the period. Salomon & Ludwin LLC lifted its position in shares of NIKE by 10.1% in the 2nd quarter. Salomon & Ludwin LLC now owns 1,575 shares of the footwear maker’s stock worth $120,000 after purchasing an additional 145 shares during the period. Finally, Spirepoint Private Client LLC grew its holdings in NIKE by 0.4% during the 3rd quarter. Spirepoint Private Client LLC now owns 36,140 shares of the footwear maker’s stock worth $2,520,000 after acquiring an additional 153 shares during the period. Institutional investors own 64.25% of the company’s stock.

NIKE Stock Up 5.3%

NYSE NKE opened at $64.14 on Thursday. The stock has a market capitalization of $94.95 billion, a PE ratio of 37.73, a PEG ratio of 3.12 and a beta of 1.27. The business’s 50-day moving average is $63.91 and its 200 day moving average is $68.46. NIKE, Inc. has a 1 year low of $52.28 and a 1 year high of $82.44. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.06 and a quick ratio of 1.40.

NIKE (NYSE:NKE) last issued its quarterly earnings data on Thursday, December 18th. The footwear maker reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.16. NIKE had a net margin of 5.43% and a return on equity of 18.43%. The business had revenue of $12.43 billion for the quarter, compared to the consensus estimate of $12.19 billion. During the same period in the previous year, the firm earned $0.78 EPS. The company’s quarterly revenue was up .6% compared to the same quarter last year. Sell-side analysts forecast that NIKE, Inc. will post 2.05 earnings per share for the current year.

NIKE Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 2nd. Stockholders of record on Monday, December 1st were issued a dividend of $0.41 per share. This is a boost from NIKE’s previous quarterly dividend of $0.40. The ex-dividend date was Monday, December 1st. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.6%. NIKE’s dividend payout ratio (DPR) is presently 96.47%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on NKE shares. KeyCorp decreased their price target on shares of NIKE from $90.00 to $75.00 and set an “overweight” rating for the company in a research note on Thursday, January 22nd. Daiwa Capital Markets reduced their price target on shares of NIKE from $75.00 to $61.00 in a research report on Tuesday, December 23rd. Argus lowered their price objective on NIKE from $85.00 to $70.00 in a research note on Tuesday, December 23rd. Deutsche Bank Aktiengesellschaft set a $67.00 target price on NIKE in a research note on Thursday, January 8th. Finally, Raymond James Financial reissued a “market perform” rating on shares of NIKE in a research note on Monday, December 15th. Two research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $74.61.

Trending Headlines about NIKE

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: Broader market momentum lifted NKE along with peers — traders cited index strength as a near-term catalyst supporting the stock’s move higher. Why Is Nike Stock Surging On Wednesday?
• Positive Sentiment: Nike relaunched its ACG outdoor brand, a product/brand initiative that could help diversify revenue and improve consumer relevance in outdoor/apparel categories over time. Nike Relaunches ACG As Outdoor Brand
• Neutral Sentiment: Analysts note ongoing wholesale channel reset may pressure near-term revenue and margins even as Nike pursues tighter distribution and performance-focused growth — outcome depends on execution timing. Can NIKE Reignite Growth Amid Ongoing Wholesale Reset Pressures?
• Negative Sentiment: The U.S. Equal Employment Opportunity Commission has opened a formal investigation and sought subpoenas alleging Nike’s DEI programs produced disparate treatment against white employees and applicants; the EEOC has filed to compel records (back to 2018) including hiring, layoffs, mentoring rosters and whether race/ethnicity data affected pay/compensation. This creates legal, regulatory and reputational risk and could prompt remedies, costs or operational changes — investors should monitor court filings and any management commentary. Nike facing US probe over alleged discrimination against white workers

Insider Transactions at NIKE

In other NIKE news, Director Robert Holmes Swan acquired 8,691 shares of the company’s stock in a transaction that occurred on Monday, December 22nd. The shares were acquired at an average price of $57.54 per share, with a total value of $500,080.14. Following the completion of the purchase, the director directly owned 43,293 shares of the company’s stock, valued at approximately $2,491,079.22. The trade was a 25.12% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Timothy D. Cook acquired 50,000 shares of the business’s stock in a transaction on Monday, December 22nd. The stock was acquired at an average price of $58.97 per share, for a total transaction of $2,948,500.00. Following the acquisition, the director owned 105,480 shares of the company’s stock, valued at approximately $6,220,155.60. This trade represents a 90.12% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last ninety days, insiders bought 91,229 shares of company stock worth $5,452,640. 0.80% of the stock is owned by insiders.

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).