705,803 Shares in NIKE, Inc. $NKE Purchased by PFA Pension Forsikringsaktieselskab

Key Points

• PFA Pension Forsikringsaktieselskab opened a new position of 705,803 shares in NIKE during Q4, valued at about $43,188,000.
• Company insiders increased their stakes — Director Timothy D. Cook bought 25,000 shares at $42.43 (raising his holding to 130,480 shares) and Director John W. Rogers Jr. bought 4,000 shares; insiders acquired 64,441 shares over the past 90 days (≈$2.73M).
• Analysts are split (17 Buys, 17 Holds, 2 Sells) with an average rating of Hold and price target of $62.34; NKE trades around $44.46 with a 12‑month low of $42.09 and recently beat quarterly EPS estimates ($0.35 vs. $0.29).

PFA Pension Forsikringsaktieselskab purchased a new position in NIKE, Inc. (NYSE:NKE - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 705,803 shares of the footwear maker's stock, valued at approximately $43,188,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Main Street Financial Solutions LLC raised its stake in NIKE by 4.2% during the second quarter. Main Street Financial Solutions LLC now owns 3,441 shares of the footwear maker's stock valued at $244,000 after buying an additional 139 shares in the last quarter. Spirepoint Private Client LLC raised its stake in NIKE by 0.4% during the third quarter. Spirepoint Private Client LLC now owns 36,140 shares of the footwear maker's stock valued at $2,520,000 after buying an additional 153 shares in the last quarter. Diligent Investors LLC raised its stake in NIKE by 4.3% during the fourth quarter. Diligent Investors LLC now owns 3,719 shares of the footwear maker's stock valued at $237,000 after buying an additional 153 shares in the last quarter. CVA Family Office LLC raised its stake in NIKE by 8.0% during the third quarter. CVA Family Office LLC now owns 2,113 shares of the footwear maker's stock valued at $147,000 after buying an additional 156 shares in the last quarter. Finally, Naples Global Advisors LLC raised its stake in NIKE by 1.9% during the third quarter. Naples Global Advisors LLC now owns 8,514 shares of the footwear maker's stock valued at $597,000 after buying an additional 159 shares in the last quarter. Institutional investors and hedge funds own 64.25% of the company's stock.

Insiders Place Their Bets

In other NIKE news, Director Timothy D. Cook acquired 25,000 shares of the firm's stock in a transaction that occurred on Friday, April 10th. The stock was acquired at an average cost of $42.43 per share, with a total value of $1,060,750.00. Following the acquisition, the director directly owned 130,480 shares of the company's stock, valued at $5,536,266.40. This represents a 23.70% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John W. Rogers, Jr. acquired 4,000 shares of the firm's stock in a transaction that occurred on Thursday, April 9th. The stock was acquired at an average cost of $43.34 per share, with a total value of $173,360.00. Following the completion of the acquisition, the director directly owned 41,022 shares in the company, valued at approximately $1,777,893.48. This represents a 10.80% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last 90 days, insiders acquired 64,441 shares of company stock valued at $2,734,204. 0.80% of the stock is owned by corporate insiders.

Analyst Ratings Changes

NKE has been the topic of several research reports. JPMorgan Chase & Co. restated a "neutral" rating on shares of NIKE in a research note on Monday, April 13th. Citigroup cut their price objective on NIKE from $65.00 to $53.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 1st. Bank of America restated a "neutral" rating and set a $55.00 price objective (down from $73.00) on shares of NIKE in a research note on Wednesday, April 1st. Guggenheim cut their price objective on NIKE from $77.00 to $74.00 and set a "buy" rating on the stock in a research note on Wednesday, April 1st. Finally, BTIG Research cut their price objective on NIKE from $90.00 to $75.00 and set a "buy" rating on the stock in a research note on Wednesday, April 1st. Seventeen investment analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $62.34.

NIKE Stock Performance

Shares of NKE stock opened at $44.46 on Friday. NIKE, Inc. has a 12-month low of $42.09 and a 12-month high of $80.17. The firm has a market capitalization of $65.85 billion, a price-to-earnings ratio of 29.45, a price-to-earnings-growth ratio of 2.36 and a beta of 1.12. The business has a 50 day simple moving average of $51.39 and a 200 day simple moving average of $59.70. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.14 and a quick ratio of 1.45.

NIKE (NYSE:NKE - Get Free Report) last issued its quarterly earnings data on Tuesday, March 31st. The footwear maker reported $0.35 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.29 by $0.06. NIKE had a return on equity of 16.41% and a net margin of 4.84%.The business had revenue of $11.28 billion during the quarter, compared to analyst estimates of $11.23 billion. During the same period in the prior year, the company posted $0.54 EPS. The business's revenue for the quarter was up .1% compared to the same quarter last year. On average, equities research analysts anticipate that NIKE, Inc. will post 1.51 EPS for the current year.

NIKE Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 1st. Investors of record on Monday, March 2nd were issued a $0.41 dividend. 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, March 2nd. NIKE's dividend payout ratio is 108.61%.

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).

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