Capital Group Investment Management PTE. LTD. Sells 13,505 Shares of NIKE, Inc. $NKE

Capital Group Investment Management PTE. LTD. lowered its position in NIKE, Inc. (NYSE:NKE) by 31.0% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 30,122 shares of the footwear maker’s stock after selling 13,505 shares during the quarter. Capital Group Investment Management PTE. LTD.’s holdings in NIKE were worth $1,919,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Gordian Capital Singapore Pte Ltd bought a new position in NIKE in the 3rd quarter worth $35,000. Accredited Wealth Management LLC boosted its holdings in shares of NIKE by 268.6% during the 3rd quarter. Accredited Wealth Management LLC now owns 516 shares of the footwear maker’s stock valued at $36,000 after purchasing an additional 376 shares during the last quarter. Matrix Trust Co boosted its holdings in shares of NIKE by 43.6% during the 4th quarter. Matrix Trust Co now owns 596 shares of the footwear maker’s stock valued at $38,000 after purchasing an additional 181 shares during the last quarter. Ares Financial Consulting LLC bought a new position in shares of NIKE during the 4th quarter valued at about $40,000. Finally, Strive Asset Management LLC bought a new position in shares of NIKE during the 3rd quarter valued at about $40,000. Institutional investors own 64.25% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have commented on NKE. Royal Bank Of Canada reissued a “buy” rating on shares of NIKE in a report on Wednesday, April 1st. DA Davidson downgraded shares of NIKE from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $72.00 to $46.00 in a report on Thursday, April 2nd. Evercore dropped their price objective on shares of NIKE from $69.00 to $57.00 and set an “outperform” rating for the company in a report on Wednesday, April 1st. Barclays dropped their price objective on shares of NIKE from $73.00 to $67.00 and set an “overweight” rating for the company in a report on Wednesday, April 1st. Finally, Stifel Nicolaus dropped 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. Sixteen investment analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, NIKE has a consensus rating of “Hold” and an average target price of $62.04.

NIKE News Summary

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: NIKE is leaning into its football business ahead of the World Cup, and analysts said the company’s investor event reinforced CEO Elliott Hill’s plan to rebuild the brand sport by sport and region by region. That could support the long-term turnaround narrative. Nike bets big on Beautiful Game ahead of World Cup
• Positive Sentiment: Investor interest in NIKE remains elevated, with recent coverage highlighting that the stock is still drawing attention from market watchers as they evaluate the company’s outlook and earnings trajectory. NIKE, Inc. (NKE) is Attracting Investor Attention: Here is What You Should Know
• Positive Sentiment: NIKE continues to push a high-profile marketing campaign, “Rip The Script,” featuring major athletes and celebrities, which may help brand visibility and demand heading into a key sports calendar. NKE Stock Eyes Red Week Ahead Of FIFA World Cup: Nike’s Star-Studded Campaign Can’t Stop It From Falling
• Neutral Sentiment: Several articles focused on shifting investor narratives and watched-the-stock commentary, but no new price target or major fundamental update was announced, limiting the immediate catalyst. How The Narrative Around Nike (NKE) Is Evolving Without A New Price Target
• Neutral Sentiment: Commentary on a possible legal inquiry about insider duties did not provide clear evidence of wrongdoing, so it is more of a headline risk than a confirmed stock-moving event. Did NIKE, Inc. Insiders Breach their Fiduciary Duties to Shareholders?
• Negative Sentiment: Some coverage suggests NIKE still faces questions about regaining momentum in a changing consumer market, while the stock has also been pressured by broader concerns that the turnaround may take time. Can Nike Regain Momentum In A Changing Consumer Market?
• Negative Sentiment: Market chatter also highlights a “red week” narrative ahead of the FIFA World Cup, implying investors remain skeptical that NIKE’s ad campaign alone will quickly reverse the stock’s weakness. Curry Defection And World Cup Push Test Nike Turnaround Expectations

Insider Activity

In other NIKE news, CEO Elliott Hill acquired 23,660 shares of the business’s stock in a transaction on Monday, April 13th. The shares were bought at an average price of $42.27 per share, with a total value of $1,000,108.20. Following the transaction, the chief executive officer directly owned 265,247 shares of the company’s stock, valued at $11,211,990.69. The trade was a 9.79% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, Director Timothy D. Cook bought 25,000 shares of NIKE stock in a transaction dated Friday, April 10th. The shares were bought 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 owned 130,480 shares of the company’s stock, valued at approximately $5,536,266.40. This trade represents a 23.70% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders purchased 64,441 shares of company stock valued at $2,734,204. Company insiders own 0.80% of the company’s stock.

NIKE Stock Down 1.3%

Shares of NYSE:NKE opened at $43.05 on Friday. The company has a current ratio of 2.14, a quick ratio of 1.45 and a debt-to-equity ratio of 0.50. NIKE, Inc. has a 12 month low of $41.35 and a 12 month high of $80.17. The company has a 50-day moving average price of $44.85 and a 200 day moving average price of $56.08. The company has a market cap of $63.75 billion, a price-to-earnings ratio of 28.51, a PEG ratio of 1.86 and a beta of 1.12.

NIKE (NYSE:NKE) last posted its quarterly earnings data on Tuesday, March 31st. The footwear maker reported $0.35 earnings per share for the quarter, topping 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 analyst estimates of $11.23 billion. During the same period in the prior year, the company posted $0.54 EPS. The firm’s revenue for the quarter was up .1% on a year-over-year basis. As a group, equities research analysts predict that NIKE, Inc. will post 1.49 earnings per share for the current year.

NIKE Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Monday, June 1st will be given a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend is Monday, June 1st. NIKE’s dividend payout ratio is 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).