Nilsine Partners LLC Buys 31,637 Shares of NIKE, Inc. $NKE

Nilsine Partners LLC grew its position in shares of NIKE, Inc. (NYSE:NKE) by 203.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 47,213 shares of the footwear maker’s stock after purchasing an additional 31,637 shares during the period. Nilsine Partners LLC’s holdings in NIKE were worth $1,938,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Scarborough Advisors LLC bought a new stake in shares of NIKE in the 1st quarter valued at about $25,000. Cornerstone Financial Management LLC bought a new stake in NIKE in the 4th quarter worth $26,000. Sankala Group LLC purchased a new stake in shares of NIKE during the fourth quarter worth about $26,000. J.Safra Asset Management Corp purchased a new position in NIKE during the 4th quarter valued at about $29,000. Finally, Meeder Asset Management Inc. lifted its stake in NIKE by 108.4% in the first quarter. Meeder Asset Management Inc. now owns 548 shares of the footwear maker’s stock worth $29,000 after acquiring an additional 285 shares during the period. Hedge funds and other institutional investors own 64.25% of the company’s stock.

NIKE Price Performance

Shares of NYSE NKE opened at $38.39 on Monday. The firm has a market cap of $56.95 billion, a P/E ratio of 18.37, a PEG ratio of 1.88 and a beta of 1.10. NIKE, Inc. has a twelve month low of $37.95 and a twelve month high of $76.97. The company has a quick ratio of 1.36, a current ratio of 1.96 and a debt-to-equity ratio of 0.40. The company has a 50 day moving average of $41.58 and a 200 day moving average of $46.16.

NIKE (NYSE:NKE) last posted its earnings results on Tuesday, June 30th. The footwear maker reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.09. NIKE had a return on equity of 16.54% and a net margin of 6.70%.The business had revenue of $10.97 billion during the quarter, compared to analyst estimates of $10.85 billion. During the same quarter last year, the company earned $0.14 EPS. The company’s quarterly revenue was down 1.1% compared to the same quarter last year. As a group, research analysts expect that NIKE, Inc. will post 1.74 EPS for the current fiscal year.

NIKE Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Tuesday, September 1st will be issued a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 4.3%. The ex-dividend date is Tuesday, September 1st. NIKE’s dividend payout ratio (DPR) is presently 78.47%.

Wall Street Analysts Forecast Growth

NKE has been the topic of several research reports. Sanford C. Bernstein reissued an “outperform” rating and set a $68.00 price objective (down from $72.00) on shares of NIKE in a research note on Wednesday, July 29th. JPMorgan Chase & Co. reiterated a “sell” rating on shares of NIKE in a report on Monday, August 31st. Jefferies Financial Group reissued a “buy” rating on shares of NIKE in a research report on Tuesday, August 25th. Stifel Nicolaus set a $45.00 price target on NIKE and gave the stock a “hold” rating in a research note on Wednesday, July 1st. Finally, Wall Street Zen raised NIKE from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, twenty have given a Hold rating and four have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $52.94.

Key Headlines Impacting NIKE

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: Analysts are bullish on Nike among selected consumer-cyclical companies, supporting the view that the stock’s depressed valuation could offer upside if the company executes its turnaround. Analysts Are Bullish on These Consumer Cyclical Stocks: Nike (NKE), Ferrari (RACE)
• Positive Sentiment: Nike is expanding its Strength Pro Equipment business with customizable Power Rack systems installed at prominent athletic facilities, including U.S. Soccer, USC and professional women’s sports venues. The initiative could deepen institutional relationships and create a broader growth opportunity beyond footwear and apparel. Nike’s Custom Power Racks Might Change The Case For Investing In NIKE (NKE)
• Neutral Sentiment: Some investment coverage describes Nike as potentially undervalued after its steep decline, while emphasizing that the opportunity depends on stabilizing margins and successfully improving the business. Recent earnings also showed an EPS beat and slightly stronger-than-expected revenue, although sales declined year over year. Down almost 80%, is Nike stock undervalued or a value trap?
• Neutral Sentiment: Broader market conditions could affect NKE: investors are focused on the August employment report because it may influence the Federal Reserve’s interest-rate decision later this month. Apparel and luxury-goods stock screens also continue to identify Nike as a company worth watching. 5 Things to Know Before the Stock Market Opens on Friday
• Negative Sentiment: Bearish commentary says Nike faces a difficult turnaround and that its current valuation may provide limited margin of safety, raising the risk that the stock is a value trap if profitability and demand do not recover. Nike: A Difficult Turnaround At A Price That Offers Little Margin of Safety
• Negative Sentiment: Nike is reportedly closing 11 U.S. stores, signaling continued efforts to rationalize its retail footprint and potentially reflecting weaker store economics or changing shopping patterns. Nike closes 11 stores across the US

Insiders Place Their Bets

In other NIKE news, COO Venkatesh Alagirisamy sold 890 shares of the company’s stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $41.60, for a total transaction of $37,024.00. Following the transaction, the chief operating officer owned 74,820 shares in the company, valued at approximately $3,112,512. This represents a 1.18% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Philip McCartney sold 17,398 shares of the firm’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $46.18, for a total transaction of $803,439.64. Following the sale, 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 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 sold a total of 26,142 shares of company stock worth $1,169,380 in the last 90 days. Corporate insiders own 1.10% of the company’s stock.

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).