State Street Corp Has $3.80 Billion Holdings in NIKE, Inc. $NKE

State Street Corp grew its stake in shares of NIKE, Inc. (NYSE:NKE) by 2.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 59,315,606 shares of the footwear maker’s stock after acquiring an additional 1,275,494 shares during the period. State Street Corp’s holdings in NIKE were worth $3,802,807,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. J.Safra Asset Management Corp acquired a new stake in NIKE during the fourth quarter worth approximately $29,000. Gordian Capital Singapore Pte Ltd acquired a new stake in NIKE during the third quarter worth approximately $35,000. Litman Gregory Wealth Management LLC acquired a new stake in NIKE during the fourth quarter worth approximately $32,000. Accredited Wealth Management LLC lifted its position in NIKE by 268.6% during the third quarter. Accredited Wealth Management LLC now owns 516 shares of the footwear maker’s stock worth $36,000 after acquiring an additional 376 shares during the last quarter. Finally, Strive Asset Management LLC acquired a new stake in NIKE during the third quarter worth approximately $40,000. 64.25% of the stock is currently owned by institutional investors and hedge funds.

NIKE Stock Performance

NYSE NKE opened at $44.90 on Friday. The firm’s fifty day moving average price is $44.26 and its two-hundred day moving average price is $55.45. The stock has a market cap of $66.49 billion, a PE ratio of 29.73, a PEG ratio of 1.99 and a beta of 1.12. NIKE, Inc. has a fifty-two week low of $41.35 and a fifty-two week high of $80.17. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.45 and a current ratio of 2.14.

NIKE (NYSE:NKE) last posted its earnings results on Tuesday, March 31st. The footwear maker reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates 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 net margin of 4.84% and a return on equity of 16.41%. The company’s revenue was up .1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.54 earnings per share. On average, equities analysts expect that NIKE, Inc. will post 1.49 EPS for the current fiscal year.

NIKE Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Monday, June 1st 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 3.7%. The ex-dividend date of this dividend is Monday, June 1st. NIKE’s payout ratio is presently 108.61%.

Insider Activity

In other NIKE news, Director Robert Holmes Swan purchased 11,781 shares of the business’s stock in a transaction dated Tuesday, April 7th. The shares were bought at an average price of $42.44 per share, for a total transaction of $499,985.64. Following the completion of the acquisition, the director owned 55,074 shares in the company, valued at approximately $2,337,340.56. This trade represents a 27.21% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Timothy D. Cook acquired 25,000 shares of NIKE stock in a transaction that occurred on Friday, April 10th. The stock was acquired at an average cost of $42.43 per share, for a total transaction of $1,060,750.00. Following the purchase, the director owned 130,480 shares of the company’s stock, valued at $5,536,266.40. The trade was a 23.70% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders have purchased 64,441 shares of company stock valued at $2,734,204. 0.80% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on NKE. CICC Research downgraded shares of NIKE from an “outperform” rating to a “market perform” rating and cut their price objective for the stock from $69.00 to $58.00 in a research report on Monday, April 6th. China Renaissance decreased their price objective on shares of NIKE from $74.60 to $50.30 and set a “hold” rating on the stock in a research note on Thursday, April 2nd. Guggenheim decreased their price objective 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. BTIG Research decreased their price objective on shares of NIKE from $90.00 to $75.00 and set a “buy” rating on the stock in a research note on Wednesday, April 1st. Finally, Bank of America reissued a “neutral” rating and issued a $55.00 price objective (down from $73.00) on shares of NIKE in a research note on Wednesday, April 1st. Fifteen analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat.com, NIKE has an average rating of “Hold” and an average target price of $60.89.

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).