Fort Washington Investment Advisors Inc. OH Has $27.48 Million Stock Position in NIKE, Inc. $NKE

Fort Washington Investment Advisors Inc. OH increased its stake in shares of NIKE, Inc. (NYSE:NKE) by 3.5% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 520,288 shares of the footwear maker’s stock after acquiring an additional 17,730 shares during the period. Fort Washington Investment Advisors Inc. OH’s holdings in NIKE were worth $27,482,000 as of its most recent filing with the SEC.

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

NIKE Stock Up 0.0%

Shares of NKE opened at $40.76 on Monday. NIKE, Inc. has a 52 week low of $40.00 and a 52 week high of $80.17. The firm has a market cap of $60.36 billion, a P/E ratio of 26.99, a price-to-earnings-growth ratio of 1.77 and a beta of 1.12. The firm’s 50-day simple moving average is $44.19 and its 200 day simple moving average is $53.89. 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, 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 the consensus estimate of $11.23 billion. During the same period last year, the business posted $0.54 earnings per share. The business’s revenue for the quarter was up .1% compared to the same quarter last year. On average, analysts forecast that NIKE, Inc. will post 1.49 earnings per share for the current year.

NIKE Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Monday, June 1st will be issued a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend is Monday, June 1st. NIKE’s dividend payout ratio (DPR) is presently 108.61%.

Trending Headlines about NIKE

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: Oppenheimer lowered its price target to $60 but kept an outperform rating, signaling some analysts still see meaningful upside from current levels. Oppenheimer target update
• Positive Sentiment: Investors are also watching for any improvement from NIKE’s “Win Now” turnaround strategy and upcoming guidance, which could help support sentiment if management shows clearer progress. Nike fiscal Q4 preview
• Neutral Sentiment: NIKE is expected to report results after Tuesday’s close, and traders are bracing for a potentially large post-earnings move as attention centers on revenue trends, margins, and forward guidance. Investopedia earnings move preview
• Neutral Sentiment: Wall Street is closely focused on the new CFO transition, with investors waiting to see whether leadership changes help or hurt execution in the near term. Nike shares in focus as company names new CFO
• Negative Sentiment: KeyBanc turned more cautious, saying NIKE’s recovery is taking longer than expected amid slower turnaround progress and stronger competition from rivals. KeyBanc downgrade
• Negative Sentiment: Other coverage points to a “soft” quarter, with pressure from China weakness, tariffs, promotions, and operational uncertainty weighing on expectations ahead of earnings. Nike likely to report soft quarterly results
• Negative Sentiment: Stifel and Deutsche Bank also cut price targets, reinforcing a more cautious Street view before the report. Stifel target cut Deutsche Bank target cut

Insider Buying and Selling at NIKE

In other news, Director Robert Holmes Swan acquired 11,781 shares of the stock in a transaction on Tuesday, April 7th. The shares were purchased at an average price of $42.44 per share, for a total transaction of $499,985.64. Following the transaction, the director directly owned 55,074 shares of the company’s stock, valued at approximately $2,337,340.56. This represents a 27.21% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director John W. Rogers, Jr. bought 4,000 shares of the company’s stock in a transaction dated Thursday, April 9th. The shares were purchased at an average cost of $43.34 per share, with a total value of $173,360.00. Following the acquisition, the director directly owned 41,022 shares of the company’s stock, valued at approximately $1,777,893.48. This represents a 10.80% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders acquired a total of 64,441 shares of company stock worth $2,734,204 in the last 90 days. Company insiders own 0.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. Oppenheimer cut their target price on shares of NIKE to $60.00 and set an “outperform” rating for the company in a research note on Friday. BNP Paribas Exane restated an “underperform” rating on shares of NIKE in a research note on Tuesday, June 23rd. Evercore set a $46.00 price objective on NIKE and gave the company an “in-line” rating in a research report on Tuesday, June 23rd. Berenberg Bank reiterated a “neutral” rating on shares of NIKE in a research note on Wednesday, May 6th. Finally, China Renaissance decreased their target price on NIKE from $74.60 to $50.30 and set a “hold” rating on the stock in a report on Thursday, April 2nd. Fourteen investment 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 data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $59.01.

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).