NIKE, Inc. $NKE Shares Bought by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC lifted its position in shares of NIKE, Inc. (NYSE:NKE) by 3.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 375,690 shares of the footwear maker’s stock after purchasing an additional 12,402 shares during the quarter. Nisa Investment Advisors LLC’s holdings in NIKE were worth $24,084,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the company. Mizuho Markets Cayman LP acquired a new stake in shares of NIKE in the third quarter valued at about $34,200,000. Exchange Traded Concepts LLC increased its stake in shares of NIKE by 697.5% during the third quarter. Exchange Traded Concepts LLC now owns 228,889 shares of the footwear maker’s stock worth $15,960,000 after purchasing an additional 200,187 shares in the last quarter. Strive Asset Management LLC acquired a new position in shares of NIKE during the 3rd quarter worth about $1,743,000. Soros Fund Management LLC boosted its holdings in NIKE by 33.0% in the 2nd quarter. Soros Fund Management LLC now owns 302,320 shares of the footwear maker’s stock worth $21,477,000 after buying an additional 75,000 shares during the last quarter. Finally, Brighton Jones LLC boosted its holdings in NIKE by 54.6% in the 3rd quarter. Brighton Jones LLC now owns 104,791 shares of the footwear maker’s stock worth $7,307,000 after buying an additional 37,019 shares during the last quarter. 64.25% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

NKE has been the subject of a number of research analyst reports. UBS Group reduced their target price on NIKE from $62.00 to $58.00 and set a “neutral” rating for the company in a report on Thursday, March 19th. Argus dropped their price target on NIKE from $85.00 to $70.00 in a research report on Tuesday, December 23rd. Deutsche Bank Aktiengesellschaft reduced their price objective on NIKE from $67.00 to $54.00 and set a “hold” rating for the company in a research note on Monday, March 23rd. Citigroup restated a “neutral” rating and issued a $65.00 price objective (down from $70.00) on shares of NIKE in a report on Friday, December 19th. Finally, Daiwa Securities Group lowered their target price on shares of NIKE from $75.00 to $61.00 in a research note on Tuesday, December 23rd. Twenty-two equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $73.20.

NIKE Stock Performance

NYSE NKE opened at $52.83 on Wednesday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.40 and a current ratio of 2.06. The stock’s fifty day moving average is $59.68 and its two-hundred day moving average is $63.66. The firm has a market capitalization of $78.21 billion, a P/E ratio of 31.08, a price-to-earnings-growth ratio of 2.69 and a beta of 1.27. NIKE, Inc. has a fifty-two week low of $50.95 and a fifty-two week high of $80.17.

NIKE (NYSE:NKE) last issued its earnings results on Tuesday, March 31st. The footwear maker reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.32 by $0.03. The business had revenue of $11.28 billion during the quarter, compared to the consensus estimate of $11.23 billion. NIKE had a return on equity of 18.43% and a net margin of 5.43%.The company’s revenue for the quarter was up .1% on a year-over-year basis. During the same period last year, the company earned $0.54 EPS. On average, research analysts anticipate that NIKE, Inc. will post 2.05 earnings per share for the current year.

NIKE Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Monday, March 2nd will be paid a $0.41 dividend. The ex-dividend date of this dividend is Monday, March 2nd. This represents a $1.64 annualized dividend and a dividend yield of 3.1%. NIKE’s dividend payout ratio is 96.47%.

More NIKE News

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: Q3 beat on top and bottom lines — Nike reported revenue ~ $11.3B and EPS that beat consensus, with management citing better discount control and product launches that helped sales outperform expectations, supporting near-term confidence in the turnaround. Nike third-quarter sales beat estimates
• Positive Sentiment: Analyst and shop-floor endorsement — Several analysts and boutiques highlighted product innovation and progress on the “Win Now” initiatives, and some firms reaffirmed bullish views, giving the stock support after the print. Telsey Advisory: Product innovation key to return to growth
• Neutral Sentiment: Options and positioning amplified moves — Pre-earnings options flow showed upside-heavy positioning into the release, which can magnify intraday moves as traders adjust exposures after the print. Nike options chain shows upside-heavy positioning into earnings
• Neutral Sentiment: Macro/trade flows supporting a bounce — Some broader market buying into quarter-end and hopes around geopolitical stability boosted risk appetite, helping cyclical names like Nike. Month of March Goes Out Like a Bull
• Negative Sentiment: China remains a clear headwind — Management and reporting highlighted continued weak demand and execution issues in China, which pressured profit and investor confidence given China’s outsized long-term importance. Nike Third-Quarter Profit Declines as Weak Demand in China Drags On
• Negative Sentiment: Margin and cash-flow pressures noted — Reports and filings show gross-profit and operating-profit declines y/y, tariff-related margin pressure and weaker operating cash flow versus prior years, which leave longer-term improvement questions unanswered for some investors. Nike’s China stumble exposes execution gaps

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).