Fort Washington Investment Advisors Inc. OH Acquires 17,730 Shares of NIKE, Inc. $NKE

Fort Washington Investment Advisors Inc. OH increased its holdings in NIKE, Inc. (NYSE:NKE) by 3.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 520,288 shares of the footwear maker’s stock after buying an additional 17,730 shares during the period. Fort Washington Investment Advisors Inc. OH’s holdings in NIKE were worth $27,482,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in NKE. Brighton Jones LLC increased its stake in NIKE by 388.5% during the 4th quarter. Brighton Jones LLC now owns 202,411 shares of the footwear maker’s stock worth $15,316,000 after acquiring an additional 160,980 shares during the period. Caxton Associates LLP bought a new stake in shares of NIKE during the 1st quarter valued at $311,000. United Bank lifted its position in shares of NIKE by 11.3% during the 2nd quarter. United Bank now owns 17,067 shares of the footwear maker’s stock valued at $1,212,000 after acquiring an additional 1,736 shares during the period. NewEdge Advisors LLC grew its holdings in shares of NIKE by 0.3% during the 2nd quarter. NewEdge Advisors LLC now owns 64,161 shares of the footwear maker’s stock worth $4,558,000 after purchasing an additional 197 shares in the last quarter. Finally, CIBC Asset Management Inc grew its holdings in shares of NIKE by 6.5% during the 2nd quarter. CIBC Asset Management Inc now owns 191,268 shares of the footwear maker’s stock worth $13,588,000 after purchasing an additional 11,646 shares in the last quarter. 64.25% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director Timothy D. Cook purchased 25,000 shares of the firm’s stock in a transaction that occurred on Friday, April 10th. The shares were bought at an average cost of $42.43 per share, with a total value of $1,060,750.00. Following the acquisition, the director owned 130,480 shares of the company’s stock, valued at $5,536,266.40. This trade represents a 23.70% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Philip Mccartney sold 17,398 shares of the company’s stock in a transaction that occurred 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 transaction, the executive vice president owned 53,133 shares of the company’s stock, valued at approximately $2,453,681.94. This represents a 24.67% decrease in their ownership of the stock. 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 acquired a total of 64,441 shares of company stock worth $2,734,204 in the last quarter. Corporate insiders own 0.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on NKE shares. Telsey Advisory Group decreased their price target on NIKE from $65.00 to $55.00 and set a “market perform” rating on the stock in a research report on Wednesday, April 1st. Wall Street Zen upgraded shares of NIKE from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. CICC Research lowered shares of NIKE from an “outperform” rating to a “market perform” rating and decreased their target price for the company from $69.00 to $58.00 in a report on Monday, April 6th. Piper Sandler reissued a “neutral” rating and issued a $50.00 target price (down from $60.00) on shares of NIKE in a report on Friday, April 10th. Finally, Robert W. Baird dropped their target price on shares of NIKE from $85.00 to $70.00 and set an “outperform” rating for the company in a research report on Wednesday, April 1st. Fourteen research analysts have rated the stock with a Buy rating, nineteen have assigned a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, NIKE currently has a consensus rating of “Hold” and an average target price of $59.01.

NIKE Price Performance

Shares of NKE stock opened at $40.76 on Monday. The business has a fifty day simple moving average of $44.19 and a 200 day simple moving average of $53.89. The company has a market cap of $60.36 billion, a P/E ratio of 26.99, a P/E/G ratio of 1.77 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, Inc. has a twelve month low of $40.00 and a twelve month high of $80.17.

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 $0.29 by $0.06. NIKE had a return on equity of 16.41% and a net margin of 4.84%.The firm had revenue of $11.28 billion for the quarter, compared to analysts’ expectations of $11.23 billion. During the same quarter in the previous year, the business posted $0.54 earnings per share. The business’s revenue for the quarter was up .1% on a year-over-year basis. On average, sell-side analysts forecast that NIKE, Inc. will post 1.49 EPS for the current fiscal 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. This represents a $1.64 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date is Monday, June 1st. NIKE’s dividend payout ratio (DPR) is presently 108.61%.

Key Headlines Impacting NIKE

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: Oppenheimer lowered its price target to $60 but kept an outperform rating, signaling some analysts still see meaningful upside from current levels. Oppenheimer target update
• Positive Sentiment: Investors are also watching for any improvement from NIKE’s “Win Now” turnaround strategy and upcoming guidance, which could help support sentiment if management shows clearer progress. Nike fiscal Q4 preview
• Neutral Sentiment: NIKE is expected to report results after Tuesday’s close, and traders are bracing for a potentially large post-earnings move as attention centers on revenue trends, margins, and forward guidance. Investopedia earnings move preview
• Neutral Sentiment: Wall Street is closely focused on the new CFO transition, with investors waiting to see whether leadership changes help or hurt execution in the near term. Nike shares in focus as company names new CFO
• Negative Sentiment: KeyBanc turned more cautious, saying NIKE’s recovery is taking longer than expected amid slower turnaround progress and stronger competition from rivals. KeyBanc downgrade
• Negative Sentiment: Other coverage points to a “soft” quarter, with pressure from China weakness, tariffs, promotions, and operational uncertainty weighing on expectations ahead of earnings. Nike likely to report soft quarterly results
• Negative Sentiment: Stifel and Deutsche Bank also cut price targets, reinforcing a more cautious Street view before the report. Stifel target cut Deutsche Bank target cut

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).