Citizens Financial Group Inc. RI Sells 13,107 Shares of NIKE, Inc. $NKE

Citizens Financial Group Inc. RI decreased its position in shares of NIKE, Inc. (NYSE:NKE) by 30.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 29,825 shares of the footwear maker’s stock after selling 13,107 shares during the quarter. Citizens Financial Group Inc. RI’s holdings in NIKE were worth $1,585,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Cornerstone Financial Management LLC bought a new position in NIKE during the 4th quarter worth about $26,000. Sankala Group LLC acquired a new stake in shares of NIKE in the 4th quarter valued at about $26,000. J.Safra Asset Management Corp bought a new stake in shares of NIKE in the fourth quarter valued at about $29,000. Kemnay Advisory Services Inc. bought a new stake in shares of NIKE in the fourth quarter valued at about $30,000. Finally, Litman Gregory Wealth Management LLC acquired a new position in shares of NIKE during the fourth quarter worth about $32,000. Institutional investors and hedge funds own 64.25% of the company’s stock.

Analyst Upgrades and Downgrades

NKE has been the subject of several research reports. Williams Trading decreased their price target on shares of NIKE from $80.00 to $57.00 and set a “buy” rating for the company in a research note on Wednesday, April 1st. China Renaissance cut their price objective on shares of NIKE from $74.60 to $50.30 and set a “hold” rating on the stock in a research report on Thursday, April 2nd. JPMorgan Chase & Co. reduced their target price on shares of NIKE from $52.00 to $47.00 and set a “neutral” rating for the company in a report on Monday, June 29th. Robert W. Baird reaffirmed an “outperform” rating and issued a $70.00 target price on shares of NIKE in a research report on Wednesday, July 1st. Finally, Bank of America lowered their price target on shares of NIKE from $55.00 to $47.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 1st. Thirteen analysts have rated the stock with a Buy rating, nineteen have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, NIKE currently has a consensus rating of “Hold” and a consensus price target of $54.80.

NIKE Stock Down 1.3%

NKE stock opened at $43.79 on Tuesday. The company has a current ratio of 1.96, a quick ratio of 1.36 and a debt-to-equity ratio of 0.40. The firm has a market capitalization of $64.84 billion, a PE ratio of 20.95, a PEG ratio of 2.56 and a beta of 1.12. NIKE, Inc. has a 1-year low of $40.00 and a 1-year high of $80.17. The business’s 50 day simple moving average is $43.70 and its 200 day simple moving average is $52.27.

NIKE (NYSE:NKE) last released its quarterly earnings results on Tuesday, June 30th. The footwear maker reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.09. The firm had revenue of $10.97 billion for the quarter, compared to analysts’ expectations of $10.85 billion. NIKE had a net margin of 6.70% and a return on equity of 16.54%. The business’s revenue was down 1.1% on a year-over-year basis. During the same period in the prior year, the firm earned $0.14 EPS. As a group, research analysts anticipate that NIKE, Inc. will post 1.76 EPS for the current year.

NIKE Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 1st. Investors of record on Monday, June 1st were given a dividend of $0.41 per share. The ex-dividend date of this dividend was Monday, June 1st. This represents a $1.64 annualized dividend and a yield of 3.7%. NIKE’s dividend payout ratio is currently 78.47%.

Key NIKE News

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: NIKE’s increased brand investments may be supporting demand and consumer engagement, which could help longer-term revenue growth if the company converts that attention into sales. NIKE’s Brand Investments: Building Growth or Hurting Margins?
• Positive Sentiment: Brokerages continue to rate NIKE as a “Hold,” suggesting analysts see limited upside catalysts right now but do not expect an immediate collapse in fundamentals. NIKE, Inc. (NYSE:NKE) Given Average Rating of “Hold” by Brokerages
• Neutral Sentiment: Several articles focus on NIKE’s long-term performance and recent CEO share buying, but these are more commentary than fresh operational updates, so they are less likely to move the stock on their own. Nike Stock Is Down 44% From Its High…
• Negative Sentiment: Multiple reports highlight margin pressure from higher marketing and transformation spending, which could weigh on near-term earnings power. NIKE’s Brand Investments: Building Growth or Hurting Margins?
• Negative Sentiment: Analysts and commentators are warning that NIKE faces additional downside as retail and industry-wide challenges build, including weak demand, tariffs, excess inventory, and restructuring issues. Nike (NKE) Has More Downside Ahead as Challenges Rise
• Negative Sentiment: Bearish articles also point out that NIKE’s recent earnings beat was boosted by a one-time tariff refund, while underlying revenue growth and margins remain weak, limiting confidence in a durable turnaround. Nike: Iconic Brand But Wouldn’t Touch It With A 10 Foot Pole Right Now

Insiders Place Their Bets

In other news, EVP Philip Mccartney sold 17,398 shares of the business’s stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $46.18, for a total value of $803,439.64. Following the completion of the transaction, the executive vice president directly owned 53,133 shares in the company, valued at approximately $2,453,681.94. The trade was a 24.67% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 0.80% of the stock is owned by corporate insiders.

NIKE Company 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).