NEOS Investment Management LLC Acquires 19,690 Shares of NIKE, Inc. $NKE

NEOS Investment Management LLC boosted its stake in NIKE, Inc. (NYSE:NKE) by 11.4% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 192,868 shares of the footwear maker’s stock after purchasing an additional 19,690 shares during the period. NEOS Investment Management LLC’s holdings in NIKE were worth $7,917,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Cornerstone Financial Management LLC acquired a new stake in shares of NIKE in the fourth quarter valued at about $26,000. Sankala Group LLC acquired a new position in shares of NIKE in the fourth quarter worth approximately $26,000. J.Safra Asset Management Corp bought a new stake in NIKE in the fourth quarter valued at approximately $29,000. Kemnay Advisory Services Inc. acquired a new stake in NIKE during the 4th quarter valued at approximately $30,000. Finally, Scarborough Advisors LLC acquired a new stake in NIKE during the 1st quarter valued at approximately $25,000. Institutional investors own 64.25% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on NKE shares. Bank of America dropped their price target on shares of NIKE from $55.00 to $47.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 1st. The Goldman Sachs Group decreased their price objective on shares of NIKE from $46.00 to $42.00 and set a “neutral” rating for the company in a research report on Wednesday, July 1st. China Renaissance lowered their target price on shares of NIKE from $50.30 to $47.30 and set a “hold” rating for the company in a research note on Thursday, July 2nd. Telsey Advisory Group set a $47.00 target price on shares of NIKE and gave the company a “market perform” rating in a report on Wednesday, July 1st. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of NIKE from $43.00 to $45.00 and gave the company a “hold” rating in a research report on Friday, July 17th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, twenty have assigned a Hold rating and four have assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $52.94.

NIKE Price Performance

Shares of NKE opened at $38.39 on Friday. NIKE, Inc. has a 12-month low of $37.95 and a 12-month high of $76.97. The business’s fifty day moving average is $41.58 and its 200 day moving average is $46.28. The company has a quick ratio of 1.36, a current ratio of 1.96 and a debt-to-equity ratio of 0.40. The stock has a market cap of $56.95 billion, a P/E ratio of 18.37, a P/E/G ratio of 1.88 and a beta of 1.10.

NIKE (NYSE:NKE) last announced its quarterly earnings results on Tuesday, June 30th. The footwear maker reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.09. The business had revenue of $10.97 billion during the quarter, compared to analyst estimates of $10.85 billion. NIKE had a net margin of 6.70% and a return on equity of 16.54%. NIKE’s quarterly revenue was down 1.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.14 EPS. Sell-side analysts anticipate that NIKE, Inc. will post 1.74 earnings per share for the current fiscal year.

NIKE Dividend Announcement

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 issued a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date is Tuesday, September 1st. NIKE’s dividend payout ratio (DPR) is currently 78.47%.

Insider Buying and Selling at NIKE

In related news, COO Venkatesh Alagirisamy sold 890 shares of the firm’s stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $41.60, for a total value of $37,024.00. Following the transaction, the chief operating officer owned 74,820 shares of the company’s stock, valued at approximately $3,112,512. This trade represents a 1.18% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Matthew Friend sold 2,463 shares of NIKE stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $41.60, for a total value of $102,460.80. Following the transaction, the chief financial officer owned 82,165 shares of the company’s stock, valued at $3,418,064. This trade represents a 2.91% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 26,142 shares of company stock valued at $1,169,380. Insiders own 1.10% of the company’s stock.

Key Stories Impacting NIKE

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: Analysts are bullish on Nike among selected consumer-cyclical companies, supporting the view that the stock’s depressed valuation could offer upside if the company executes its turnaround. Analysts Are Bullish on These Consumer Cyclical Stocks: Nike (NKE), Ferrari (RACE)
• Positive Sentiment: Nike is expanding its Strength Pro Equipment business with customizable Power Rack systems installed at prominent athletic facilities, including U.S. Soccer, USC and professional women’s sports venues. The initiative could deepen institutional relationships and create a broader growth opportunity beyond footwear and apparel. Nike’s Custom Power Racks Might Change The Case For Investing In NIKE (NKE)
• Neutral Sentiment: Some investment coverage describes Nike as potentially undervalued after its steep decline, while emphasizing that the opportunity depends on stabilizing margins and successfully improving the business. Recent earnings also showed an EPS beat and slightly stronger-than-expected revenue, although sales declined year over year. Down almost 80%, is Nike stock undervalued or a value trap?
• Neutral Sentiment: Broader market conditions could affect NKE: investors are focused on the August employment report because it may influence the Federal Reserve’s interest-rate decision later this month. Apparel and luxury-goods stock screens also continue to identify Nike as a company worth watching. 5 Things to Know Before the Stock Market Opens on Friday
• Negative Sentiment: Bearish commentary says Nike faces a difficult turnaround and that its current valuation may provide limited margin of safety, raising the risk that the stock is a value trap if profitability and demand do not recover. Nike: A Difficult Turnaround At A Price That Offers Little Margin of Safety
• Negative Sentiment: Nike is reportedly closing 11 U.S. stores, signaling continued efforts to rationalize its retail footprint and potentially reflecting weaker store economics or changing shopping patterns. Nike closes 11 stores across the US

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).