Disciplined Investors L.L.C. Invests $1.31 Million in NIKE, Inc. $NKE

Disciplined Investors L.L.C. acquired a new position in NIKE, Inc. (NYSE:NKE) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 20,515 shares of the footwear maker’s stock, valued at approximately $1,307,000.

Other large investors have also recently made changes to their positions in the company. Gordian Capital Singapore Pte Ltd acquired a new position in shares of NIKE in the 3rd quarter worth approximately $35,000. Accredited Wealth Management LLC lifted its holdings in shares of NIKE by 268.6% in the 3rd quarter. Accredited Wealth Management LLC now owns 516 shares of the footwear maker’s stock worth $36,000 after acquiring an additional 376 shares during the last quarter. Strive Asset Management LLC acquired a new position in shares of NIKE in the 3rd quarter worth approximately $40,000. Matrix Trust Co lifted its holdings in shares of NIKE by 43.6% in the 4th quarter. Matrix Trust Co now owns 596 shares of the footwear maker’s stock worth $38,000 after acquiring an additional 181 shares during the last quarter. Finally, Abich Financial Wealth Management LLC acquired a new position in shares of NIKE in the 3rd quarter worth approximately $43,000. 64.25% of the stock is currently owned by institutional investors and hedge funds.

Key NIKE News

Here are the key news stories impacting NIKE this week:

• Negative Sentiment: NIKE was downgraded by Zacks Research from “hold” to “strong sell,” reinforcing bearish sentiment around the stock. Tickerreport.com
• Negative Sentiment: Technical weakness remains a concern after NIKE slipped below its 50-day moving average, with analysts pointing to inventory cleanup, weak sportswear trends, and China-related pressure on sales and margins. Zacks.com
• Negative Sentiment: A DCF analysis valued NIKE well below its market price, suggesting the shares could still be overvalued if earnings growth does not reaccelerate. GuruFocus
• Negative Sentiment: Recent coverage noted that NIKE’s stock declined while the broader market improved, highlighting continuing investor skepticism about the turnaround story. Yahoo Finance
• Neutral Sentiment: NIKE is expanding its use of AI and launched an internal AI learning platform for employees, but management also warned that productivity gains may take time and could be overstated in the near term. Yahoo Finance
• Neutral Sentiment: Commentary continues to emphasize NIKE’s strong brand appeal and long-term consumer loyalty, which could help support a future rebound if execution improves. 247WallSt

Insider Activity

In other news, Director Robert Holmes Swan acquired 11,781 shares of the company’s stock in a transaction on Tuesday, April 7th. The shares were bought at an average cost of $42.44 per share, with a total value of $499,985.64. Following the transaction, the director owned 55,074 shares in the company, valued at approximately $2,337,340.56. This trade represents a 27.21% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Elliott Hill acquired 23,660 shares of the company’s stock in a transaction on Monday, April 13th. The stock was purchased at an average cost of $42.27 per share, for a total transaction of $1,000,108.20. Following the completion of the transaction, the chief executive officer owned 265,247 shares in the company, valued at approximately $11,211,990.69. The trade was a 9.79% increase in their position. The SEC filing for this purchase provides additional information. In the last 90 days, insiders purchased 64,441 shares of company stock valued at $2,734,204. 0.80% of the stock is currently owned by company insiders.

NIKE Trading Up 0.2%

Shares of NYSE:NKE opened at $43.82 on Thursday. NIKE, Inc. has a 52 week low of $41.35 and a 52 week high of $80.17. The company’s 50 day moving average is $45.25 and its two-hundred day moving average is $56.31. The company has a current ratio of 2.14, a quick ratio of 1.45 and a debt-to-equity ratio of 0.50. The company has a market cap of $64.89 billion, a PE ratio of 29.02, a P/E/G ratio of 1.86 and a beta of 1.12.

NIKE (NYSE:NKE) last announced its quarterly earnings data on Tuesday, March 31st. The footwear maker reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.06. NIKE had a net margin of 4.84% and a return on equity of 16.41%. The company had revenue of $11.28 billion for the quarter, compared to the consensus estimate of $11.23 billion. During the same period in the prior year, the firm posted $0.54 EPS. The company’s quarterly revenue was up .1% compared to the same quarter last year. Equities analysts predict that NIKE, Inc. will post 1.5 earnings per share for the current fiscal year.

NIKE Announces Dividend

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

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on NKE. Evercore cut their target price on shares of NIKE from $69.00 to $57.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 1st. Sanford C. Bernstein reaffirmed a “buy” rating on shares of NIKE in a research note on Monday, May 11th. BTIG Research cut their target price on shares of NIKE from $90.00 to $75.00 and set a “buy” rating on the stock in a research note on Wednesday, April 1st. China Renaissance cut their target price on shares of NIKE from $74.60 to $50.30 and set a “hold” rating on the stock in a research note on Thursday, April 2nd. Finally, JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of NIKE in a research note on Monday, April 13th. Sixteen analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $62.04.

About NIKE

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).