Nisa Investment Advisors LLC Boosts Stake in NIKE, Inc. $NKE

Nisa Investment Advisors LLC lifted its holdings in shares of NIKE, Inc. (NYSE:NKE) by 3.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 375,690 shares of the footwear maker’s stock after purchasing an additional 12,402 shares during the quarter. Nisa Investment Advisors LLC’s holdings in NIKE were worth $24,084,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Vanguard Group Inc. lifted its position in NIKE by 1.3% in the third quarter. Vanguard Group Inc. now owns 115,291,199 shares of the footwear maker’s stock valued at $8,039,255,000 after buying an additional 1,467,414 shares during the last quarter. State Street Corp increased its position in shares of NIKE by 2.8% during the second quarter. State Street Corp now owns 59,154,159 shares of the footwear maker’s stock valued at $4,225,441,000 after acquiring an additional 1,590,603 shares during the last quarter. Capital World Investors raised its stake in shares of NIKE by 0.7% in the 3rd quarter. Capital World Investors now owns 42,239,013 shares of the footwear maker’s stock valued at $2,945,326,000 after acquiring an additional 286,615 shares during the period. Invesco Ltd. lifted its holdings in shares of NIKE by 3.3% in the 3rd quarter. Invesco Ltd. now owns 12,561,334 shares of the footwear maker’s stock worth $875,902,000 after acquiring an additional 404,136 shares during the last quarter. Finally, Jennison Associates LLC boosted its position in shares of NIKE by 42.3% during the 3rd quarter. Jennison Associates LLC now owns 11,838,528 shares of the footwear maker’s stock worth $825,501,000 after purchasing an additional 3,518,666 shares during the period. 64.25% of the stock is owned by institutional investors and hedge funds.

NIKE Stock Performance

NYSE:NKE opened at $52.83 on Wednesday. NIKE, Inc. has a 52 week low of $50.95 and a 52 week high of $80.17. The company has a fifty day simple moving average of $59.68 and a two-hundred day simple moving average of $63.66. The company has a quick ratio of 1.40, a current ratio of 2.06 and a debt-to-equity ratio of 0.50. The company has a market cap of $78.21 billion, a price-to-earnings ratio of 31.08, a price-to-earnings-growth ratio of 2.69 and a beta of 1.27.

NIKE (NYSE:NKE) last released its earnings results on Tuesday, March 31st. The footwear maker reported $0.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.32 by $0.03. NIKE had a return on equity of 18.43% and a net margin of 5.43%.The firm had revenue of $11.28 billion during the quarter, compared to analyst estimates of $11.23 billion. During the same period last year, the business posted $0.54 earnings per share. NIKE’s revenue was up .1% compared to the same quarter last year. As a group, equities analysts anticipate that NIKE, Inc. will post 2.05 earnings per share for the current fiscal year.

NIKE Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Monday, March 2nd will be paid a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date is Monday, March 2nd. NIKE’s dividend payout ratio is presently 96.47%.

Analyst Ratings Changes

A number of analysts have issued reports on the company. Guggenheim reissued a “buy” rating on shares of NIKE in a research report on Wednesday, December 31st. UBS Group lowered their price target on NIKE from $62.00 to $58.00 and set a “neutral” rating for the company in a research report on Thursday, March 19th. Robert W. Baird dropped their price objective on NIKE from $93.00 to $85.00 and set an “outperform” rating for the company in a research note on Friday, December 19th. Telsey Advisory Group lowered their target price on NIKE from $72.00 to $65.00 and set a “market perform” rating for the company in a report on Wednesday, March 25th. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on NIKE from $67.00 to $54.00 and set a “hold” rating for the company in a research report on Monday, March 23rd. Twenty-two analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, NIKE currently has a consensus rating of “Moderate Buy” and a consensus target price of $73.20.

More NIKE News

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: Q3 beat on top and bottom lines — Nike reported revenue ~ $11.3B and EPS that beat consensus, with management citing better discount control and product launches that helped sales outperform expectations, supporting near-term confidence in the turnaround. Nike third-quarter sales beat estimates
• Positive Sentiment: Analyst and shop-floor endorsement — Several analysts and boutiques highlighted product innovation and progress on the “Win Now” initiatives, and some firms reaffirmed bullish views, giving the stock support after the print. Telsey Advisory: Product innovation key to return to growth
• Neutral Sentiment: Options and positioning amplified moves — Pre-earnings options flow showed upside-heavy positioning into the release, which can magnify intraday moves as traders adjust exposures after the print. Nike options chain shows upside-heavy positioning into earnings
• Neutral Sentiment: Macro/trade flows supporting a bounce — Some broader market buying into quarter-end and hopes around geopolitical stability boosted risk appetite, helping cyclical names like Nike. Month of March Goes Out Like a Bull
• Negative Sentiment: China remains a clear headwind — Management and reporting highlighted continued weak demand and execution issues in China, which pressured profit and investor confidence given China’s outsized long-term importance. Nike Third-Quarter Profit Declines as Weak Demand in China Drags On
• Negative Sentiment: Margin and cash-flow pressures noted — Reports and filings show gross-profit and operating-profit declines y/y, tariff-related margin pressure and weaker operating cash flow versus prior years, which leave longer-term improvement questions unanswered for some investors. Nike’s China stumble exposes execution gaps

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).