Cullen Frost Bankers Inc. Sells 48,386 Shares of NIKE, Inc. $NKE

Cullen Frost Bankers Inc. lowered its stake in NIKE, Inc. (NYSE:NKE) by 33.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 97,868 shares of the footwear maker’s stock after selling 48,386 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in NIKE were worth $6,235,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in NKE. Harris Associates L P bought a new position in NIKE in the 2nd quarter worth about $621,525,000. Jennison Associates LLC boosted its stake in NIKE by 42.3% in 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. Ameriprise Financial Inc. boosted its stake in NIKE by 129.4% in the 2nd quarter. Ameriprise Financial Inc. now owns 5,849,636 shares of the footwear maker’s stock worth $411,951,000 after purchasing an additional 3,299,155 shares during the period. Flossbach Von Storch SE boosted its stake in NIKE by 29.3% in the 4th quarter. Flossbach Von Storch SE now owns 12,753,317 shares of the footwear maker’s stock worth $812,514,000 after purchasing an additional 2,886,856 shares during the period. Finally, Sustainable Growth Advisers LP bought a new position in NIKE in the 3rd quarter worth about $190,182,000. Institutional investors own 64.25% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on NKE shares. Weiss Ratings downgraded NIKE from a “sell (d+)” rating to a “sell (d)” rating in a research note on Monday, May 4th. Robert W. Baird lowered their price target on NIKE from $85.00 to $70.00 and set an “outperform” rating on the stock in a report on Wednesday, April 1st. Royal Bank Of Canada reaffirmed a “buy” rating on shares of NIKE in a report on Wednesday, April 1st. Telsey Advisory Group lowered their price target on NIKE from $65.00 to $55.00 and set a “market perform” rating on the stock in a report on Wednesday, April 1st. Finally, Wall Street Zen raised NIKE from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. Sixteen equities research analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $62.04.

NIKE Stock Performance

NYSE:NKE opened at $44.20 on Thursday. The business’s 50-day moving average price is $47.05 and its two-hundred day moving average price is $57.55. NIKE, Inc. has a twelve month low of $41.35 and a twelve month high of $80.17. The stock has a market cap of $65.45 billion, a P/E ratio of 29.27, a PEG ratio of 2.25 and a beta of 1.12. The company has a quick ratio of 1.45, a current ratio of 2.14 and a debt-to-equity ratio of 0.50.

NIKE (NYSE:NKE) last released its quarterly earnings results on Tuesday, March 31st. The footwear maker reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.06. The firm had revenue of $11.28 billion for the quarter, compared to analysts’ expectations of $11.23 billion. NIKE had a return on equity of 16.41% and a net margin of 4.84%.The company’s revenue was up .1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.54 EPS. As a group, equities analysts predict that NIKE, Inc. will post 1.51 EPS 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 dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend is Monday, June 1st. NIKE’s dividend payout ratio (DPR) is currently 108.61%.

Insider Transactions at NIKE

In other news, Director John W. Rogers, Jr. acquired 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 9th. The shares were bought at an average cost of $43.34 per share, with a total value of $173,360.00. Following the acquisition, 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. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Elliott Hill acquired 23,660 shares of the firm’s stock in a transaction that occurred on Monday, April 13th. The shares were purchased at an average cost of $42.27 per share, for a total transaction of $1,000,108.20. Following the completion of the acquisition, the chief executive officer owned 265,247 shares in the company, valued at $11,211,990.69. This represents a 9.79% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders purchased 64,441 shares of company stock valued at $2,734,204. 0.80% of the stock is currently owned by corporate insiders.

NIKE News Roundup

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: Unusual options activity pointed to bullish positioning, with investors buying 181,748 call options on NIKE, well above the recent average, suggesting traders are betting on further upside.
• Positive Sentiment: NIKE shares gained alongside discretionary stocks as softer energy prices and easing Treasury yields improved sentiment toward consumer names, which can support spending expectations and valuation multiples. Nike Stock Soars As Energy Prices And Bond Yields Drop
• Neutral Sentiment: Market commentary continues to debate whether NIKE is attractive at current levels, with some analysts saying the stock is still not cheap enough while others argue the risk/reward is becoming more balanced. Nike: Tough Environment, But Risks Are Priced In Nike: Not Cheap Enough Yet
• Neutral Sentiment: Additional coverage focused on NIKE’s strategic efforts, including discussion of China, athlete-led innovation, and AI-related initiatives, but these headlines do not yet point to a clear near-term fundamental catalyst.
• Negative Sentiment: Persistent worries about China remain a drag on sentiment, with reports citing weak demand, tougher local competition, and inventory issues that could continue to pressure sales and margins.
• Negative Sentiment: Some investors remain cautious after NIKE’s recent struggles, and commentary that the company is “struggling” reinforces concerns that a full recovery may take time.

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).