NIKE, Inc. $NKE Shares Purchased by Handelsbanken Fonder AB

Handelsbanken Fonder AB boosted its holdings in NIKE, Inc. (NYSE:NKE) by 23.1% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 595,016 shares of the footwear maker’s stock after acquiring an additional 111,625 shares during the period. Handelsbanken Fonder AB’s holdings in NIKE were worth $24,425,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the company. Westerkirk Capital Inc. raised its holdings in NIKE by 52.4% in the fourth quarter. Westerkirk Capital Inc. now owns 131,220 shares of the footwear maker’s stock worth $8,360,000 after purchasing an additional 45,100 shares in the last quarter. OMERS ADMINISTRATION Corp boosted its holdings in shares of NIKE by 77.9% in the 4th quarter. OMERS ADMINISTRATION Corp now owns 2,526,179 shares of the footwear maker’s stock valued at $160,943,000 after buying an additional 1,106,499 shares in the last quarter. PFA Pension Forsikringsaktieselskab purchased a new position in shares of NIKE in the 4th quarter worth approximately $43,188,000. Nicholas Company Inc. grew its position in shares of NIKE by 33.3% in the 4th quarter. Nicholas Company Inc. now owns 123,652 shares of the footwear maker’s stock worth $7,878,000 after buying an additional 30,890 shares during the last quarter. Finally, Stoneridge Investment Partners LLC raised its stake in shares of NIKE by 1,253.6% during the 4th quarter. Stoneridge Investment Partners LLC now owns 78,846 shares of the footwear maker’s stock worth $5,023,000 after acquiring an additional 73,021 shares in the last quarter. Institutional investors and hedge funds own 64.25% of the company’s stock.

Insider Buying and Selling at NIKE

In other NIKE news, COO Venkatesh Alagirisamy sold 890 shares of NIKE stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $41.60, for a total transaction of $37,024.00. Following the completion of the transaction, the chief operating officer owned 74,820 shares in the company, valued at approximately $3,112,512. This trade represents a 1.18% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Amy Montagne sold 4,867 shares of the business’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $42.05, for a total value of $204,657.35. Following the completion of the transaction, the insider directly owned 57,436 shares of the company’s stock, valued at approximately $2,415,183.80. This trade represents a 7.81% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 26,142 shares of company stock worth $1,169,380 over the last ninety days. 1.10% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities analysts have issued reports on NKE shares. BNP Paribas Exane reaffirmed an “underperform” rating on shares of NIKE in a report on Wednesday, July 22nd. Evercore set a $46.00 price target on NIKE and gave the company an “in-line” rating in a research note on Tuesday, June 23rd. Needham & Company LLC restated a “hold” rating on shares of NIKE in a research note on Thursday, June 4th. Sanford C. Bernstein restated an “outperform” rating and set a $68.00 price objective (down from $72.00) on shares of NIKE in a report on Wednesday, July 29th. Finally, Berenberg Bank set a $49.00 price objective on shares of NIKE and gave the company a “hold” rating in a report on Friday, July 3rd. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, eighteen have given a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $53.53.

More NIKE News

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: NIKE’s quarterly dividend could receive another modest increase. The company has delivered 24 consecutive years of dividend growth, and a higher payout would support the stock’s income appeal, although the current payout ratio is already relatively high. NIKE Dividend: Why a Small Increase Could Be on the Way
• Positive Sentiment: The company’s latest earnings report exceeded consensus expectations for both earnings per share and revenue. However, the revenue decline indicates that the beat was not accompanied by renewed top-line growth.
• Neutral Sentiment: NIKE’s turnaround remains the central investor focus. Efforts to improve product innovation, inventory management, international logistics and brand momentum could eventually restore growth and reduce markdowns, but the timing and effectiveness of the recovery remain uncertain. Why Is Nike the Consumer Name Markets Track Through Its Turnaround?
• Negative Sentiment: Analyst concerns intensified after Seeking Alpha downgraded NIKE, arguing that a return to full-price selling and normalized profitability will take time. A separate Zacks Research revision lowered its FY2029 EPS estimate to $2.56 from $2.63 and maintained a “Strong Sell” rating. Nike: Full Price Recovery Will Take Time
• Negative Sentiment: Greater China remains a major weakness. Local competitors are taking market share, while rival brands are reporting stronger regional growth, raising concerns about NIKE’s revenue trajectory and brand strength in an important market. China’s Athleisure Boom Is Not Lifting Every Brand Equally
• Negative Sentiment: NIKE underperformed during a broader footwear-sector selloff as investors questioned consumer demand, competition and the pace of the recovery. Insider Amy Montagne also sold 4,867 shares, reducing her holdings by 7.81%; she nevertheless retained a substantial position. Amy Montagne Sells NIKE Shares

NIKE Trading Down 1.8%

Shares of NYSE:NKE opened at $40.57 on Thursday. The company has a quick ratio of 1.36, a current ratio of 1.96 and a debt-to-equity ratio of 0.40. NIKE, Inc. has a 52-week low of $40.00 and a 52-week high of $80.17. The stock has a market cap of $60.19 billion, a price-to-earnings ratio of 19.41, a PEG ratio of 1.83 and a beta of 1.11. The business has a 50-day moving average price of $42.99 and a 200-day moving average price of $48.95.

NIKE (NYSE:NKE) last issued its quarterly earnings results on Tuesday, June 30th. The footwear maker reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.09. NIKE had a net margin of 6.70% and a return on equity of 16.54%. The company had revenue of $10.97 billion for the quarter, compared to the consensus estimate of $10.85 billion. During the same quarter in the prior year, the company earned $0.14 EPS. NIKE’s quarterly revenue was down 1.1% on a year-over-year basis. Equities analysts predict that NIKE, Inc. will post 1.74 EPS for the current year.

NIKE Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Tuesday, September 1st will be paid a $0.41 dividend. The ex-dividend date is Tuesday, September 1st. This represents a $1.64 dividend on an annualized basis and a dividend yield of 4.0%. NIKE’s dividend payout ratio is presently 78.47%.

About NIKE

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).