82,102 Shares in NIKE, Inc. $NKE Bought by Madison Asset Management LLC

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

Other institutional investors have also added to or reduced their stakes in the company. J. Stern & Co. LLP boosted its holdings in NIKE by 49,010.4% during the 4th quarter. J. Stern & Co. LLP now owns 48,054,542 shares of the footwear maker's stock valued at $3,061,555,000 after acquiring an additional 47,956,692 shares during the period. Norges Bank purchased a new position in NIKE in the 4th quarter worth approximately $829,956,000. Flossbach Von Storch SE purchased a new position in NIKE in the 2nd quarter worth approximately $488,714,000. Harris Associates L P bought a new stake in NIKE in the second quarter valued at approximately $621,525,000. Finally, Capital World Investors boosted its stake in shares of NIKE by 16.2% during the fourth quarter. Capital World Investors now owns 49,069,951 shares of the footwear maker's stock valued at $3,126,246,000 after purchasing an additional 6,830,938 shares during the period. 64.25% of the stock is currently owned by hedge funds and other institutional investors.

NIKE Stock Down 1.9%

Shares of NYSE NKE opened at $40.25 on Friday. The company has a current ratio of 1.96, a quick ratio of 1.36 and a debt-to-equity ratio of 0.40. NIKE, Inc. has a 12 month low of $38.86 and a 12 month high of $80.17. The firm 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. The firm has a fifty day simple moving average of $42.55 and a two-hundred day simple moving average of $47.98.

NIKE (NYSE:NKE - Get Free Report) last posted its earnings results on Tuesday, June 30th. The footwear maker reported $0.20 EPS 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 firm had revenue of $10.97 billion during the quarter, compared to analysts' expectations of $10.85 billion. During the same period last year, the company posted $0.14 EPS. The company's quarterly revenue was down 1.1% compared to the same quarter last year. Equities analysts expect that NIKE, Inc. will post 1.74 earnings per share for the current year.

NIKE Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 1st will be given a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 4.1%. The ex-dividend date of this dividend is Tuesday, September 1st. NIKE's payout ratio is presently 78.47%.

Wall Street Analyst Weigh In

NKE has been the topic of several analyst reports. Jefferies Financial Group decreased their target price on shares of NIKE from $90.00 to $75.00 and set a "buy" rating on the stock in a research note 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 on the stock in a research report on Wednesday, July 1st. Berenberg Bank set a $49.00 price objective on shares of NIKE and gave the company a "hold" rating in a research note on Friday, July 3rd. Evercore set a $46.00 target price on shares of NIKE and gave the stock an "in-line" rating in a report on Tuesday, June 23rd. Finally, Stifel Nicolaus set a $45.00 target price on NIKE and gave the stock a "hold" rating in a research note on Wednesday, July 1st. One 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 company. According to data from MarketBeat.com, NIKE currently has a consensus rating of "Hold" and an average target price of $53.53.

NIKE News Roundup

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 Transactions at NIKE

In other NIKE news, COO Venkatesh Alagirisamy sold 890 shares of the company's stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $41.60, for a total transaction of $37,024.00. Following the transaction, the chief operating officer owned 74,820 shares in the company, valued at approximately $3,112,512. This represents a 1.18% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible 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 the stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $41.60, for a total value of $102,460.80. Following the completion of the transaction, the chief financial officer directly owned 82,165 shares of the company's stock, valued at $3,418,064. This represents a 2.91% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 26,142 shares of company stock valued at $1,169,380. Insiders own 1.10% of the company's stock.

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).

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