Alight Capital Management LP Invests $5.10 Million in NIKE, Inc. $NKE

Alight Capital Management LP bought a new position in shares of NIKE, Inc. (NYSE:NKE) during the 4th quarter, HoldingsChannel reports. The institutional investor bought 80,000 shares of the footwear maker’s stock, valued at approximately $5,097,000. NIKE comprises approximately 1.3% of Alight Capital Management LP’s portfolio, making the stock its 29th largest position.

Several other hedge funds have also recently bought and sold shares of the company. Main Street Financial Solutions LLC lifted its stake in NIKE by 4.2% during the 2nd quarter. Main Street Financial Solutions LLC now owns 3,441 shares of the footwear maker’s stock worth $244,000 after acquiring an additional 139 shares in the last quarter. Diligent Investors LLC lifted its stake in NIKE by 4.3% during the 4th quarter. Diligent Investors LLC now owns 3,719 shares of the footwear maker’s stock worth $237,000 after acquiring an additional 153 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in NIKE by 4.3% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 3,978 shares of the footwear maker’s stock worth $253,000 after acquiring an additional 163 shares in the last quarter. Lakeshore Capital Group Inc. raised its position in NIKE by 2.9% in the 4th quarter. Lakeshore Capital Group Inc. now owns 5,868 shares of the footwear maker’s stock valued at $374,000 after purchasing an additional 165 shares in the last quarter. Finally, ANB Bank raised its position in NIKE by 0.7% in the 4th quarter. ANB Bank now owns 25,451 shares of the footwear maker’s stock valued at $1,621,000 after purchasing an additional 165 shares in the last quarter. Institutional investors and hedge funds own 64.25% of the company’s stock.

Trending Headlines about 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

Wall Street Analyst Weigh In

NKE has been the topic of a number of analyst reports. Berenberg Bank reaffirmed a “neutral” rating on shares of NIKE in a research report on Wednesday, May 6th. Citigroup reduced their price target on NIKE from $53.00 to $47.00 and set a “neutral” rating on the stock in a research report on Wednesday, June 10th. HSBC lowered NIKE from a “buy” rating to a “hold” rating and reduced their price target for the company from $90.00 to $48.00 in a research report on Monday, April 13th. Wall Street Zen raised NIKE from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. Finally, Williams Trading reduced their price target on NIKE from $80.00 to $57.00 and set a “buy” rating on the stock in a research report on Wednesday, April 1st. Fifteen equities research 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’s stock. According to MarketBeat.com, NIKE currently has a consensus rating of “Hold” and a consensus target price of $60.89.

NIKE Price Performance

Shares of NYSE NKE opened at $44.19 on Thursday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.45 and a current ratio of 2.14. NIKE, Inc. has a fifty-two week low of $41.35 and a fifty-two week high of $80.17. The firm 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. The stock’s 50-day simple moving average is $44.30 and its 200-day simple moving average is $54.99.

NIKE (NYSE:NKE) last issued its earnings results on Tuesday, March 31st. The footwear maker reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.29 by $0.06. NIKE had a return on equity of 16.41% and a net margin of 4.84%.The business had revenue of $11.28 billion for the quarter, compared to analyst estimates of $11.23 billion. During the same quarter last year, the company earned $0.54 EPS. The business’s quarterly revenue was up .1% on a year-over-year basis. As a group, equities research analysts forecast that NIKE, Inc. will post 1.49 EPS for the current fiscal year.

NIKE Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Monday, June 1st will be given a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 3.7%. The ex-dividend date of this dividend is Monday, June 1st. NIKE’s dividend payout ratio (DPR) is 108.61%.

Insider Buying and Selling at NIKE

In other NIKE news, CEO Elliott Hill bought 23,660 shares of the business’s stock in a transaction dated Monday, April 13th. The shares were acquired 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 owned 265,247 shares of the company’s stock, valued at approximately $11,211,990.69. The trade was a 9.79% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Robert Holmes Swan bought 11,781 shares of the business’s stock in a transaction dated Tuesday, April 7th. The shares were acquired at an average cost of $42.44 per share, for a total transaction of $499,985.64. Following the transaction, the director directly owned 55,074 shares in the company, valued at approximately $2,337,340.56. This represents a 27.21% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last ninety days, insiders have acquired 64,441 shares of company stock worth $2,734,204. 0.80% of the stock is currently owned by corporate insiders.

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).