Citizens Financial Group Inc. RI Sells 13,107 Shares of NIKE, Inc. $NKE

Citizens Financial Group Inc. RI reduced its holdings in shares of NIKE, Inc. (NYSE:NKE) by 30.5% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 29,825 shares of the footwear maker’s stock after selling 13,107 shares during the period. Citizens Financial Group Inc. RI’s holdings in NIKE were worth $1,585,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Fifth Third Bancorp grew its stake in NIKE by 42.1% during the first quarter. Fifth Third Bancorp now owns 834,779 shares of the footwear maker’s stock worth $44,093,000 after purchasing an additional 247,487 shares during the period. Simplicity Wealth LLC increased its holdings in NIKE by 13.2% in the first quarter. Simplicity Wealth LLC now owns 15,294 shares of the footwear maker’s stock worth $808,000 after purchasing an additional 1,788 shares in the last quarter. Candriam S.C.A. lifted its stake in NIKE by 57.5% in the first quarter. Candriam S.C.A. now owns 486,635 shares of the footwear maker’s stock valued at $25,704,000 after buying an additional 177,652 shares during the period. Conning Inc. lifted its stake in NIKE by 18.0% in the first quarter. Conning Inc. now owns 74,989 shares of the footwear maker’s stock valued at $3,961,000 after buying an additional 11,463 shares during the period. Finally, Independence Bank of Kentucky boosted its holdings in shares of NIKE by 357.8% during the 1st quarter. Independence Bank of Kentucky now owns 15,235 shares of the footwear maker’s stock worth $805,000 after buying an additional 11,907 shares in the last quarter. 64.25% of the stock is owned by institutional investors.

Key Headlines Impacting NIKE

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: NIKE’s increased brand investments may be supporting demand and consumer engagement, which could help longer-term revenue growth if the company converts that attention into sales. NIKE’s Brand Investments: Building Growth or Hurting Margins?
• Positive Sentiment: Brokerages continue to rate NIKE as a “Hold,” suggesting analysts see limited upside catalysts right now but do not expect an immediate collapse in fundamentals. NIKE, Inc. (NYSE:NKE) Given Average Rating of “Hold” by Brokerages
• Neutral Sentiment: Several articles focus on NIKE’s long-term performance and recent CEO share buying, but these are more commentary than fresh operational updates, so they are less likely to move the stock on their own. Nike Stock Is Down 44% From Its High…
• Negative Sentiment: Multiple reports highlight margin pressure from higher marketing and transformation spending, which could weigh on near-term earnings power. NIKE’s Brand Investments: Building Growth or Hurting Margins?
• Negative Sentiment: Analysts and commentators are warning that NIKE faces additional downside as retail and industry-wide challenges build, including weak demand, tariffs, excess inventory, and restructuring issues. Nike (NKE) Has More Downside Ahead as Challenges Rise
• Negative Sentiment: Bearish articles also point out that NIKE’s recent earnings beat was boosted by a one-time tariff refund, while underlying revenue growth and margins remain weak, limiting confidence in a durable turnaround. Nike: Iconic Brand But Wouldn’t Touch It With A 10 Foot Pole Right Now

Analyst Ratings Changes

Several brokerages have recently commented on NKE. Wells Fargo & Company reduced their price objective on shares of NIKE from $45.00 to $40.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 1st. Telsey Advisory Group set a $47.00 target price on shares of NIKE and gave the company a “market perform” rating in a research report on Wednesday, July 1st. Citigroup cut their target price on shares of NIKE from $47.00 to $45.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 1st. UBS Group set a $48.00 price target on shares of NIKE and gave the stock a “neutral” rating in a report on Wednesday, July 1st. Finally, Truist Financial decreased their price target on shares of NIKE from $69.00 to $57.00 and set a “buy” rating for the company in a research note on Wednesday, April 1st. Thirteen research analysts have rated the stock with a Buy rating, nineteen have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $54.80.

NIKE Stock Down 1.3%

NKE stock opened at $43.79 on Tuesday. The stock has a market cap of $64.84 billion, a P/E ratio of 20.95, a P/E/G ratio of 2.56 and a beta of 1.12. 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 fifty day simple moving average is $43.70 and its two-hundred day simple moving average is $52.27. NIKE, Inc. has a 1-year low of $40.00 and a 1-year high of $80.17.

NIKE (NYSE:NKE) last posted its quarterly earnings data on Tuesday, June 30th. The footwear maker reported $0.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.11 by $0.09. NIKE had a net margin of 6.70% and a return on equity of 16.54%. The business had revenue of $10.97 billion during the quarter, compared to the consensus estimate of $10.85 billion. The firm’s quarterly revenue was down 1.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.14 earnings per share. Analysts expect that NIKE, Inc. will post 1.76 EPS for the current year.

NIKE Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 1st. Shareholders of record on Monday, June 1st were issued a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 3.7%. The ex-dividend date of this dividend was Monday, June 1st. NIKE’s payout ratio is presently 78.47%.

Insiders Place Their Bets

In other news, EVP Philip Mccartney sold 17,398 shares of the company’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $46.18, for a total transaction of $803,439.64. Following the sale, the executive vice president directly owned 53,133 shares in the company, valued at $2,453,681.94. This represents a 24.67% decrease in their ownership of the stock. The sale was disclosed in a 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. 0.80% of the stock is owned by insiders.

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).