NIKE, Inc. $NKE Stock Holdings Decreased by BLI Banque de Luxembourg Investments

BLI Banque de Luxembourg Investments lowered its stake in NIKE, Inc. (NYSE:NKE) by 12.7% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 392,500 shares of the footwear maker’s stock after selling 57,020 shares during the period. BLI Banque de Luxembourg Investments’ holdings in NIKE were worth $24,016,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Gordian Capital Singapore Pte Ltd bought a new stake in shares of NIKE in the 3rd quarter worth about $35,000. Accredited Wealth Management LLC increased its position 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 purchasing an additional 376 shares during the last quarter. Matrix Trust Co increased its position 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 purchasing an additional 181 shares during the last quarter. Ares Financial Consulting LLC bought a new stake in shares of NIKE during the 4th quarter valued at about $40,000. Finally, Strive Asset Management LLC bought a new stake in shares of NIKE during the 3rd quarter valued at about $40,000. Institutional investors own 64.25% of the company’s stock.

Insider Activity

In other news, CEO Elliott Hill bought 23,660 shares of the firm’s stock in a transaction on Monday, April 13th. The stock was purchased at an average price of $42.27 per share, for a total transaction of $1,000,108.20. Following the transaction, the chief executive officer owned 265,247 shares in the company, valued at approximately $11,211,990.69. This trade represents a 9.79% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Timothy D. Cook bought 25,000 shares of the firm’s stock in a transaction on Friday, April 10th. The stock was purchased at an average price of $42.43 per share, with a total value of $1,060,750.00. Following the transaction, the director owned 130,480 shares in the company, valued at $5,536,266.40. The trade was a 23.70% increase in their position. The SEC filing for this purchase provides additional information. Insiders have bought a total of 64,441 shares of company stock worth $2,734,204 in the last quarter. Company insiders own 0.80% of the company’s stock.

NIKE Price Performance

NYSE NKE opened at $43.26 on Tuesday. NIKE, Inc. has a 52 week low of $41.35 and a 52 week high of $80.17. 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 stock has a market cap of $64.07 billion, a price-to-earnings ratio of 28.65, a price-to-earnings-growth ratio of 1.86 and a beta of 1.12. The company has a 50-day moving average price of $44.67 and a two-hundred day moving average price of $55.89.

NIKE (NYSE:NKE) last posted its earnings results on Tuesday, March 31st. The footwear maker reported $0.35 EPS for the quarter, topping the consensus estimate of $0.29 by $0.06. NIKE had a net margin of 4.84% and a return on equity of 16.41%. The firm had revenue of $11.28 billion during the quarter, compared to analysts’ expectations of $11.23 billion. During the same quarter in the prior year, the firm earned $0.54 EPS. NIKE’s quarterly revenue was up .1% on a year-over-year basis. Analysts forecast that NIKE, Inc. will post 1.49 EPS for the current year.

NIKE Announces Dividend

The company also recently announced 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 is Monday, June 1st. This represents a $1.64 annualized dividend and a yield of 3.8%. NIKE’s dividend payout ratio is 108.61%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Barclays lowered their price objective on shares of NIKE from $73.00 to $67.00 and set an “overweight” rating for the company in a research report on Wednesday, April 1st. HSBC downgraded shares of NIKE from a “buy” rating to a “hold” rating and lowered their price objective for the company from $90.00 to $48.00 in a research report on Monday, April 13th. Wells Fargo & Company set a $45.00 price objective on shares of NIKE and gave the company an “equal weight” rating in a research report on Friday, May 8th. CICC Research downgraded shares of NIKE from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $69.00 to $58.00 in a research report on Monday, April 6th. Finally, Piper Sandler reaffirmed a “neutral” rating and set a $50.00 price objective (down from $60.00) on shares of NIKE in a research report on Friday, April 10th. Sixteen analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $62.04.

More NIKE News

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: NIKE’s footwear business is showing early signs of stabilization, with running and football products gaining traction and innovation-led products improving the sales mix. Is NIKE’s Footwear Business Showing Signs of Stabilization?
• Positive Sentiment: Wall Street is looking more favorably on NIKE’s World Cup and football push, seeing it as a way to reconnect with the brand’s core sports identity and support a turnaround. Nike’s football push gains Wall Street optimism ahead of World Cup, but turnaround concerns remain
• Positive Sentiment: Under CEO Elliott Hill, NIKE is accelerating an operational and brand reset with initiatives like “Win Now” and “Sport Offense,” aimed at refocusing on core sports, wholesale relationships, and athlete-driven marketing. Nike’s Reset Under Elliott Hill Tests Core Sports And Investor Patience
• Neutral Sentiment: Some investors remain cautious, with recent articles noting recovery risks, tariff pressure, softer demand in Greater China, and competitive threats from brands like Li Ning.
• Neutral Sentiment: Several recent fund and stock-commentary pieces highlight that institutional sentiment is still mixed, with some investors selling while others argue NIKE remains attractively positioned for a longer-term rebound.

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).