Cloverfields Capital Group LP Acquires 18,807 Shares of NIKE, Inc. $NKE

Cloverfields Capital Group LP boosted its position in shares of NIKE, Inc. (NYSE:NKE) by 31.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 77,832 shares of the footwear maker’s stock after buying an additional 18,807 shares during the quarter. NIKE makes up approximately 1.5% of Cloverfields Capital Group LP’s holdings, making the stock its 29th largest holding. Cloverfields Capital Group LP’s holdings in NIKE were worth $4,959,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of NKE. J.Safra Asset Management Corp acquired a new position in NIKE during the 4th quarter worth $29,000. Litman Gregory Wealth Management LLC acquired a new position in NIKE during the 4th quarter worth $32,000. Gordian Capital Singapore Pte Ltd acquired a new position in NIKE during the 3rd quarter worth $35,000. Accredited Wealth Management LLC lifted its holdings in NIKE by 268.6% during the 3rd quarter. Accredited Wealth Management LLC now owns 516 shares of the footwear maker’s stock worth $36,000 after buying an additional 376 shares in the last quarter. Finally, Matrix Trust Co lifted its holdings in NIKE by 43.6% during the 4th quarter. Matrix Trust Co now owns 596 shares of the footwear maker’s stock worth $38,000 after buying an additional 181 shares in the last quarter. Institutional investors and hedge funds own 64.25% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the company. China Renaissance reduced their price objective on NIKE from $74.60 to $50.30 and set a “hold” rating on the stock in a report on Thursday, April 2nd. Needham & Company LLC reaffirmed a “hold” rating on shares of NIKE in a report on Thursday, June 4th. BTIG Research reduced their price objective on NIKE from $90.00 to $75.00 and set a “buy” rating on the stock in a report on Wednesday, April 1st. Weiss Ratings downgraded NIKE from a “sell (d+)” rating to a “sell (d)” rating in a report on Monday. Finally, The Goldman Sachs Group reissued a “neutral” rating and issued a $52.00 price target on shares of NIKE in a research note on Friday, June 5th. Fifteen analysts have rated the stock with a Buy rating, eighteen have issued a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $60.89.

Insider Buying and Selling

In related news, EVP Philip Mccartney sold 17,398 shares of the firm’s stock in a transaction on Friday, June 12th. The stock was sold at an average price of $46.18, for a total transaction of $803,439.64. Following the sale, the executive vice president owned 53,133 shares of the company’s stock, valued at approximately $2,453,681.94. This trade represents a 24.67% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 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. Also, Director Robert Holmes Swan acquired 11,781 shares of the company’s stock in a transaction that occurred on Tuesday, April 7th. The shares were acquired at an average cost of $42.44 per share, for a total transaction of $499,985.64. Following the purchase, the director directly owned 55,074 shares in the company, valued at $2,337,340.56. This trade represents a 27.21% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have acquired a total of 64,441 shares of company stock worth $2,734,204 over the last 90 days. 0.80% of the stock is currently owned by corporate insiders.

NIKE Stock Performance

NKE stock opened at $44.90 on Friday. The business’s fifty day moving average is $44.26 and its 200-day moving average is $55.45. The company has a quick ratio of 1.45, a current ratio of 2.14 and a debt-to-equity ratio of 0.50. The company has a market cap of $66.49 billion, a P/E ratio of 29.73, a price-to-earnings-growth ratio of 1.99 and a beta of 1.12. NIKE, Inc. has a twelve month low of $41.35 and a twelve month high of $80.17.

NIKE (NYSE:NKE) last posted its quarterly earnings results on Tuesday, March 31st. The footwear maker reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.06. The company had revenue of $11.28 billion for the quarter, compared to the consensus estimate of $11.23 billion. NIKE had a return on equity of 16.41% and a net margin of 4.84%.The firm’s quarterly revenue was up .1% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.54 EPS. Equities research analysts forecast that NIKE, Inc. will post 1.49 EPS for the current year.

NIKE Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Monday, June 1st will be paid a $0.41 dividend. The ex-dividend date of this dividend is Monday, June 1st. This represents a $1.64 dividend on an annualized basis and a dividend yield of 3.7%. NIKE’s dividend payout ratio is 108.61%.

NIKE News Roundup

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: Recent coverage highlighted Nike’s “running revival,” suggesting improving momentum in its running category could help refresh the growth story and support a longer-term turnaround. How Nike’s Running Revival Changes The Nike Stock Story
• Neutral Sentiment: Nike’s World Cup marketing push is aimed at strengthening brand visibility versus Adidas, but it is more of a strategic brand-building effort than an immediate earnings catalyst. Nike’s World Cup play: take on Adidas and revitalize the brand
• Neutral Sentiment: EVP Philip McCartney sold 17,398 shares under a pre-arranged 10b5-1 plan to cover tax withholding tied to vesting equity awards, which is routine but still adds to investor caution around insider activity. SEC filing
• Negative Sentiment: RBC Capital and other commentators downgraded Nike or reiterated skepticism, arguing the turnaround is progressing more slowly than expected and raising concerns about margins, profit goals, and the pace of operational improvement. Nike (NKE) was downgraded to a Hold Rating at RBC Capital
• Negative Sentiment: Recent market commentary said Nike is “still running in place” and has limited time to prove its turnaround, reinforcing worries that the stock may remain range-bound until fundamentals improve. Nike still running in place as turnaround taking longer than expected — RBC Capital

NIKE 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).