Rare Wolf Capital LLC purchased a new stake in NIKE, Inc. (NYSE:NKE – Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 19,754 shares of the footwear maker’s stock, valued at approximately $1,259,000.
Other large investors also recently bought and sold shares of the company. Cornerstone Financial Management LLC purchased a new position in shares of NIKE during the 4th quarter valued at approximately $26,000. J.Safra Asset Management Corp purchased a new stake in NIKE during the fourth quarter worth $29,000. Kemnay Advisory Services Inc. purchased a new stake in NIKE during the fourth quarter worth $30,000. Litman Gregory Wealth Management LLC acquired a new stake in NIKE during the fourth quarter valued at $32,000. Finally, Prosperity Bancshares Inc acquired a new stake in NIKE during the fourth quarter valued at $32,000. 64.25% of the stock is owned by institutional investors and hedge funds.
NIKE News Summary
Here are the key news stories impacting NIKE this week:
- Positive Sentiment: NIKE is getting a lift from renewed investor attention and momentum after recently outperforming the broader market, with shares rising as traders reassess the stock’s value after a steep multi-year selloff. Article Title
- Positive Sentiment: The company continues to benefit from high-profile brand exposure tied to the World Cup and strong merchandise activity, which could support sales and marketing momentum if it translates into better demand. Article Title
- Positive Sentiment: Some commentary is highlighting NIKE’s elevated dividend yield and “fair value” case after the stock’s long pullback, which may be attracting value-oriented investors. Article Title
- Neutral Sentiment: NIKE announced that board member John Rogers, Jr. will retire after the September 2026 annual meeting and then serve as a strategic advisor; the move appears orderly and not disruptive, so it is unlikely to be a major stock driver. Article Title
- Neutral Sentiment: Investor chatter remains mixed, with articles noting NIKE’s turnaround pressure, upcoming earnings later this month, and a consensus Hold rating from analysts. Article Title
NIKE Stock Performance
NIKE (NYSE:NKE – Get Free Report) last announced its earnings results 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 net margin of 4.84% and a return on equity of 16.41%. 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 business earned $0.54 earnings per share. The company’s revenue for the quarter was up .1% compared to the same quarter last year. Equities analysts anticipate that NIKE, Inc. will post 1.49 earnings per share for the current fiscal year.
NIKE Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Monday, June 1st will be issued a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 3.6%. The ex-dividend date is Monday, June 1st. NIKE’s payout ratio is presently 108.61%.
Analyst Ratings Changes
A number of research analysts have weighed in on the stock. DZ Bank reiterated a “buy” rating on shares of NIKE in a research report on Tuesday, April 21st. Guggenheim lowered their target price on shares of NIKE from $77.00 to $74.00 and set a “buy” rating on the stock in a research note on Wednesday, April 1st. BNP Paribas Exane dropped their target price on NIKE from $35.00 to $23.00 and set an “underperform” rating on the stock in a research report on Wednesday, April 1st. BTIG Research cut their price target on NIKE from $90.00 to $75.00 and set a “buy” rating for the company in a research note on Wednesday, April 1st. Finally, Evercore reduced their price target on NIKE from $69.00 to $57.00 and set an “outperform” rating for the company in a report on Wednesday, April 1st. Fifteen equities research analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, NIKE currently has an average rating of “Hold” and a consensus price target of $60.89.
Check Out Our Latest Research Report on NIKE
Insider Buying and Selling
In other news, CEO Elliott Hill acquired 23,660 shares of the business’s stock in a transaction on Monday, April 13th. The stock was bought at an average cost of $42.27 per share, for a total transaction of $1,000,108.20. Following the purchase, the chief executive officer owned 265,247 shares in the company, valued at approximately $11,211,990.69. This represents a 9.79% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Philip Mccartney sold 17,398 shares of the 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 transaction, the executive vice president directly owned 53,133 shares of the company’s stock, valued at $2,453,681.94. The trade was a 24.67% decrease in their position. The SEC filing for this sale provides additional information. 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. Insiders acquired a total of 64,441 shares of company stock worth $2,734,204 in the last quarter. 0.80% of the stock is owned by 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).
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