BI Asset Management Fondsmaeglerselskab A S Sells 19,283 Shares of NIKE, Inc. $NKE

BI Asset Management Fondsmaeglerselskab A S lowered its position in shares of NIKE, Inc. (NYSE:NKE) by 33.4% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 38,524 shares of the footwear maker’s stock after selling 19,283 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in NIKE were worth $2,035,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in NKE. Westerkirk Capital Inc. raised its holdings in shares of NIKE by 52.4% in the fourth quarter. Westerkirk Capital Inc. now owns 131,220 shares of the footwear maker’s stock worth $8,360,000 after buying an additional 45,100 shares during the last quarter. Mizuho Markets Cayman LP purchased a new stake in shares of NIKE during the third quarter valued at $34,200,000. OMERS ADMINISTRATION Corp grew its holdings in shares of NIKE by 77.9% during the fourth quarter. OMERS ADMINISTRATION Corp now owns 2,526,179 shares of the footwear maker’s stock valued at $160,943,000 after buying an additional 1,106,499 shares during the last quarter. PFA Pension Forsikringsaktieselskab acquired a new position in shares of NIKE in the 4th quarter valued at $43,188,000. Finally, Strive Asset Management LLC acquired a new position in shares of NIKE in the 3rd quarter valued at $1,743,000. 64.25% of the stock is currently owned by institutional investors.

Key Headlines Impacting NIKE

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: NIKE named Pfizer finance executive David Denton as its next CFO, a move that could strengthen leadership during the company’s turnaround. Nike also said fiscal Q4 results remain on track and reaffirmed its outlook, which helped the stock recover some ground after hours. Reuters article
• Neutral Sentiment: Investors are watching ahead of NIKE’s June 30 earnings report, with analysts expecting weaker fourth-quarter results and closely scrutinizing whether the company can show progress on sales and margin recovery. Benzinga article
• Negative Sentiment: Evercore ISI downgraded NIKE to In Line and cut its price target, citing limited new product momentum and deeper operating challenges such as U.S. channel weakness, Jordan brand softness, and European supply delays. Benzinga article
• Negative Sentiment: Other commentary also pointed to a sluggish turnaround, with CEO Elliott Hill saying the effort is taking longer than expected amid tariffs, weak demand, and uneven global performance, reinforcing concerns that the recovery may be slow. Benzinga article

Insider Buying and Selling

In related news, Director Timothy D. Cook purchased 25,000 shares of the firm’s stock in a transaction on Friday, April 10th. The stock was bought at an average cost of $42.43 per share, with a total value of $1,060,750.00. Following the completion of the acquisition, the director owned 130,480 shares of the company’s stock, valued at $5,536,266.40. The trade was a 23.70% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director John W. Rogers, Jr. acquired 4,000 shares of the stock in a transaction on Thursday, April 9th. The stock was bought at an average price of $43.34 per share, for a total transaction of $173,360.00. Following the transaction, the director owned 41,022 shares in the company, valued at approximately $1,777,893.48. This represents a 10.80% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders acquired a total of 64,441 shares of company stock valued at $2,734,204 in the last three months. 0.80% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. UBS Group set a $50.00 target price on NIKE and gave the stock a “neutral” rating in a research note on Wednesday, June 10th. Truist Financial dropped their price target on NIKE from $69.00 to $57.00 and set a “buy” rating on the stock in a research note on Wednesday, April 1st. HSBC cut NIKE from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $90.00 to $48.00 in a research note on Monday, April 13th. Evercore set a $46.00 target price on NIKE and gave the stock an “in-line” rating in a report on Tuesday. Finally, Piper Sandler reiterated a “neutral” rating and issued a $50.00 target price (down from $60.00) on shares of NIKE in a research report on Friday, April 10th. Fourteen 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. Based on data from MarketBeat, NIKE has a consensus rating of “Hold” and a consensus target price of $60.01.

NIKE Stock Performance

NYSE NKE opened at $42.49 on Wednesday. The stock has a 50-day simple moving average of $44.38 and a two-hundred day simple moving average of $54.40. The firm has a market capitalization of $62.92 billion, a P/E ratio of 28.14, a PEG ratio of 1.87 and a beta of 1.12. NIKE, Inc. has a fifty-two week low of $41.35 and a fifty-two week high of $80.17. 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 (NYSE:NKE) last issued its quarterly earnings data on Tuesday, March 31st. The footwear maker reported $0.35 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $11.23 billion. During the same quarter in the previous year, the firm posted $0.54 EPS. The company’s revenue for the quarter was up .1% on a year-over-year basis. On average, equities analysts forecast that NIKE, Inc. will post 1.49 earnings per share for the current year.

NIKE Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Investors 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 yield of 3.9%. The ex-dividend date is Monday, June 1st. NIKE’s dividend payout ratio (DPR) is currently 108.61%.

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).