Madison Asset Management LLC Purchases New Holdings in NIKE, Inc. $NKE

Madison Asset Management LLC acquired a new position in shares of NIKE, Inc. (NYSE:NKE) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 82,102 shares of the footwear maker’s stock, valued at approximately $3,370,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of NKE. Scarborough Advisors LLC bought a new position in shares of NIKE during the first quarter valued at approximately $25,000. Cornerstone Financial Management LLC bought a new stake in shares of NIKE in the 4th quarter worth approximately $26,000. Sankala Group LLC bought a new stake in shares of NIKE in the 4th quarter worth approximately $26,000. Meeder Asset Management Inc. grew its stake in shares of NIKE by 108.4% in the 1st quarter. Meeder Asset Management Inc. now owns 548 shares of the footwear maker’s stock worth $29,000 after buying an additional 285 shares during the last quarter. Finally, J.Safra Asset Management Corp purchased a new stake in shares of NIKE in the 4th quarter worth approximately $29,000. Hedge funds and other institutional investors own 64.25% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on NKE shares. Argus raised NIKE to a “strong-buy” rating in a research report on Wednesday, July 15th. Oppenheimer dropped their target price on NIKE from $120.00 to $60.00 and set an “outperform” rating on the stock in a report on Friday, June 26th. China Renaissance cut their target price on NIKE from $50.30 to $47.30 and set a “hold” rating on the stock in a research note on Thursday, July 2nd. Rothschild & Co Redburn reduced their price target on NIKE from $45.00 to $37.00 and set a “sell” rating for the company in a report on Friday, July 17th. Finally, Bank of America lowered their price target on NIKE from $55.00 to $47.00 and set a “neutral” rating for the company in a research report on Wednesday, July 1st. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, eighteen have given a Hold rating and five have assigned a Sell rating to the company’s stock. According to data from MarketBeat, NIKE presently has an average rating of “Hold” and a consensus target price of $53.53.

NIKE Stock Performance

NKE stock opened at $40.25 on Friday. The stock has a market capitalization of $59.71 billion, a PE ratio of 19.26, a price-to-earnings-growth ratio of 1.82 and a beta of 1.11. NIKE, Inc. has a 12-month low of $38.86 and a 12-month high of $80.17. The company has a current ratio of 1.96, a quick ratio of 1.36 and a debt-to-equity ratio of 0.40. The stock’s 50 day simple moving average is $42.55 and its 200 day simple moving average is $47.98.

NIKE (NYSE:NKE) last released its quarterly earnings data on Tuesday, June 30th. The footwear maker reported $0.20 EPS for the quarter, beating the consensus estimate of $0.11 by $0.09. NIKE had a return on equity of 16.54% and a net margin of 6.70%.The company had revenue of $10.97 billion for the quarter, compared to analysts’ expectations of $10.85 billion. During the same period last year, the firm posted $0.14 earnings per share. NIKE’s revenue was down 1.1% compared to the same quarter last year. As a group, research analysts forecast that NIKE, Inc. will post 1.74 earnings per share for the current fiscal year.

NIKE Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 1st will be issued a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend is Tuesday, September 1st. NIKE’s dividend payout ratio is currently 78.47%.

Key NIKE News

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: Some insiders—including CEO Elliott Hill and director Timothy Cook—have recently purchased NIKE shares, signaling that certain insiders view the depressed valuation as attractive. Analysts’ median price target of $47.50 also implies potential upside from current levels. Nike Stock Opinions on Prolonged Stock Decline
• Neutral Sentiment: Institutional positioning is mixed: Capital World Investors made a large purchase, while Wellington Management, BlackRock and other major investors reduced holdings. Analyst targets also vary widely, ranging from $23 to $75, highlighting substantial uncertainty about the recovery. Analysts’ Opinions Are Mixed on Consumer Cyclical Stocks
• Negative Sentiment: Sales growth remains sluggish, with reported revenue down roughly 1.1% year over year. Weak demand in China and other Asian markets, soft Nike Direct performance, intensifying competition and margin concerns are limiting confidence in a near-term rebound. Nike Stock Is Still Not Attractive at 12-Year Lows
• Negative Sentiment: Recent bearish commentary argues that NIKE’s valuation may still be too high relative to its slowing business, while JPMorgan reportedly expects stabilization by fiscal 2028 rather than a full recovery. The company’s decision to pull back from its small neighborhood-store concept also suggests ongoing changes to its retail strategy. Nike Pulls Back on Its Small Neighborhood Store Concept

Insider Buying and Selling at NIKE

In other news, EVP Philip Mccartney sold 17,398 shares of the business’s stock in a transaction on Friday, June 12th. The shares were sold at an average price of $46.18, for a total transaction of $803,439.64. Following the completion of the sale, the executive vice president owned 53,133 shares of the company’s stock, valued at $2,453,681.94. The trade was a 24.67% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at 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, insider Amy Montagne sold 4,867 shares of the company’s stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $42.05, for a total value of $204,657.35. Following the completion of the sale, the insider owned 57,436 shares of the company’s stock, valued at approximately $2,415,183.80. The trade was a 7.81% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 26,142 shares of company stock valued at $1,169,380 in the last ninety days. Corporate insiders own 1.10% of the company’s stock.

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).