Franklin Resources Inc. Has $551.19 Million Position in NIKE, Inc. $NKE

Franklin Resources Inc. lessened its holdings in NIKE, Inc. (NYSE:NKE) by 2.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 8,651,613 shares of the footwear maker’s stock after selling 189,635 shares during the period. Franklin Resources Inc.’s holdings in NIKE were worth $551,194,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in NKE. Erste Asset Management GmbH boosted its position in NIKE by 272.1% during the fourth quarter. Erste Asset Management GmbH now owns 87,503 shares of the footwear maker’s stock worth $5,458,000 after purchasing an additional 63,984 shares during the period. O Shaughnessy Asset Management LLC raised its position in shares of NIKE by 10.0% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 162,931 shares of the footwear maker’s stock valued at $10,380,000 after purchasing an additional 14,798 shares during the period. CenterBook Partners LP lifted its stake in shares of NIKE by 86.5% during the 4th quarter. CenterBook Partners LP now owns 117,630 shares of the footwear maker’s stock worth $7,494,000 after buying an additional 54,571 shares during the last quarter. Fiera Capital Corp boosted its holdings in shares of NIKE by 5.6% during the 4th quarter. Fiera Capital Corp now owns 1,212,497 shares of the footwear maker’s stock worth $77,248,000 after buying an additional 63,968 shares during the period. Finally, IMA Advisory Services Inc. boosted its holdings in shares of NIKE by 35.7% during the 4th quarter. IMA Advisory Services Inc. now owns 36,893 shares of the footwear maker’s stock worth $2,361,000 after buying an additional 9,701 shares during the period. Institutional investors and hedge funds own 64.25% of the company’s stock.

Insider Activity

In other news, Director John W. Rogers, Jr. acquired 4,000 shares of the stock in a transaction on Thursday, April 9th. The stock was acquired at an average cost of $43.34 per share, for a total transaction of $173,360.00. Following the completion of the transaction, the director directly owned 41,022 shares in the company, valued at approximately $1,777,893.48. This trade represents a 10.80% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Robert Holmes Swan bought 11,781 shares of NIKE stock in a transaction on Tuesday, April 7th. The stock was acquired at an average cost of $42.44 per share, for a total transaction of $499,985.64. Following the acquisition, the director owned 55,074 shares in the company, valued at approximately $2,337,340.56. This represents a 27.21% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have purchased a total of 64,441 shares of company stock valued at $2,734,204 over the last quarter. 0.80% of the stock is owned by corporate insiders.

NIKE Trading Up 0.7%

Shares of NYSE:NKE opened at $43.26 on Tuesday. The business’s 50 day simple moving average is $44.67 and its 200 day simple moving average is $55.89. NIKE, Inc. has a 1 year low of $41.35 and a 1 year high of $80.17. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.14 and a quick ratio of 1.45. The company has a market capitalization of $64.07 billion, a P/E ratio of 28.65, a P/E/G ratio of 1.86 and a beta of 1.12.

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, topping the consensus estimate of $0.29 by $0.06. The company had revenue of $11.28 billion for the quarter, compared to analyst estimates of $11.23 billion. NIKE had a return on equity of 16.41% and a net margin of 4.84%.NIKE’s quarterly revenue was up .1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.54 EPS. On average, research analysts anticipate that NIKE, Inc. will post 1.49 EPS for the current fiscal year.

NIKE Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Monday, June 1st will be issued a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend is Monday, June 1st. NIKE’s dividend payout ratio (DPR) is currently 108.61%.

Key Headlines Impacting NIKE

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: NIKE’s footwear business is showing early signs of stabilization, with running and football products gaining traction and innovation-led products improving the sales mix. Is NIKE’s Footwear Business Showing Signs of Stabilization?
• Positive Sentiment: Wall Street is looking more favorably on NIKE’s World Cup and football push, seeing it as a way to reconnect with the brand’s core sports identity and support a turnaround. Nike’s football push gains Wall Street optimism ahead of World Cup, but turnaround concerns remain
• Positive Sentiment: Under CEO Elliott Hill, NIKE is accelerating an operational and brand reset with initiatives like “Win Now” and “Sport Offense,” aimed at refocusing on core sports, wholesale relationships, and athlete-driven marketing. Nike’s Reset Under Elliott Hill Tests Core Sports And Investor Patience
• Neutral Sentiment: Some investors remain cautious, with recent articles noting recovery risks, tariff pressure, softer demand in Greater China, and competitive threats from brands like Li Ning.
• Neutral Sentiment: Several recent fund and stock-commentary pieces highlight that institutional sentiment is still mixed, with some investors selling while others argue NIKE remains attractively positioned for a longer-term rebound.

Analysts Set New Price Targets

Several research firms have weighed in on NKE. Sanford C. Bernstein reissued a “buy” rating on shares of NIKE in a report on Monday, May 11th. Robert W. Baird decreased their target price on NIKE from $85.00 to $70.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 1st. Wells Fargo & Company set a $45.00 target price on NIKE and gave the stock an “equal weight” rating in a research note on Friday, May 8th. BNP Paribas Exane reduced their price target on NIKE from $35.00 to $23.00 and set an “underperform” rating for the company in a research note on Wednesday, April 1st. Finally, Zacks Research lowered NIKE from a “hold” rating to a “strong sell” rating in a report on Monday, June 1st. Sixteen analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat.com, NIKE has an average rating of “Hold” and a consensus target price of $62.04.

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).