Coronation Fund Managers Ltd. Raises Stock Position in NIKE, Inc. $NKE

Key Points

• Coronation Fund Managers raised its NIKE stake by 34% in Q4 to 230,179 shares, worth about $14.67 million at the end of the period.
• Company insiders signaled confidence with recent buys—Director Timothy D. Cook purchased 25,000 shares at $42.43 and Director John W. Rogers, Jr. bought 4,000 shares, with insiders acquiring 64,441 shares over the past three months.
• NIKE beat quarterly EPS expectations ($0.35 vs. $0.29) and reported $11.28B in revenue (+0.1% YoY), but the stock is trading near its 12‑month low, holds a consensus "Hold" rating, and pays a 3.7% yield with a payout ratio above 100%.

Coronation Fund Managers Ltd. increased its stake in NIKE, Inc. (NYSE:NKE - Free Report) by 34.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 230,179 shares of the footwear maker's stock after acquiring an additional 58,382 shares during the quarter. Coronation Fund Managers Ltd.'s holdings in NIKE were worth $14,665,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in NKE. Vanguard Group Inc. grew its holdings in shares of NIKE by 1.3% during the third quarter. Vanguard Group Inc. now owns 115,291,199 shares of the footwear maker's stock worth $8,039,255,000 after buying an additional 1,467,414 shares in the last quarter. Capital World Investors grew its holdings in shares of NIKE by 0.7% during the third quarter. Capital World Investors now owns 42,239,013 shares of the footwear maker's stock worth $2,945,326,000 after buying an additional 286,615 shares in the last quarter. Invesco Ltd. grew its holdings in shares of NIKE by 3.3% during the third quarter. Invesco Ltd. now owns 12,561,334 shares of the footwear maker's stock worth $875,902,000 after buying an additional 404,136 shares in the last quarter. Jennison Associates LLC grew its holdings in shares of NIKE by 42.3% during the third quarter. Jennison Associates LLC now owns 11,838,528 shares of the footwear maker's stock worth $825,501,000 after buying an additional 3,518,666 shares in the last quarter. Finally, Viking Global Investors LP grew its holdings in shares of NIKE by 29.1% during the third quarter. Viking Global Investors LP now owns 8,996,579 shares of the footwear maker's stock worth $627,331,000 after buying an additional 2,029,381 shares in the last quarter. Hedge funds and other institutional investors own 64.25% of the company's stock.

NIKE Trading Down 0.1%

NYSE NKE opened at $44.74 on Friday. The firm's 50-day moving average is $52.99 and its two-hundred day moving average is $60.40. NIKE, Inc. has a 12 month low of $42.09 and a 12 month high of $80.17. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.14 and a quick ratio of 1.45. The stock has a market capitalization of $66.25 billion, a P/E ratio of 29.63, a PEG ratio of 2.37 and a beta of 1.31.

NIKE (NYSE:NKE - Get Free Report) last posted its earnings results on Tuesday, March 31st. The footwear maker reported $0.35 EPS for the quarter, beating analysts' consensus estimates of $0.29 by $0.06. NIKE had a net margin of 4.84% and a return on equity of 16.41%. The company had revenue of $11.28 billion for the quarter, compared to analysts' expectations of $11.23 billion. During the same quarter in the prior year, the company posted $0.54 earnings per share. NIKE's revenue for the quarter was up .1% compared to the same quarter last year. On average, sell-side analysts anticipate that NIKE, Inc. will post 1.52 earnings per share for the current year.

NIKE Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 1st. Shareholders of record on Monday, March 2nd were paid a dividend of $0.41 per share. The ex-dividend date was Monday, March 2nd. This represents a $1.64 dividend on an annualized basis and a yield of 3.7%. NIKE's dividend payout ratio is 108.61%.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on NKE. Telsey Advisory Group lowered their price target on shares of NIKE from $65.00 to $55.00 and set a "market perform" rating on the stock in a research report on Wednesday, April 1st. China Renaissance lowered their price target on shares of NIKE from $74.60 to $50.30 and set a "hold" rating on the stock in a research report on Thursday, April 2nd. Guggenheim lowered their price target on shares of NIKE from $77.00 to $74.00 and set a "buy" rating on the stock in a research report on Wednesday, April 1st. Truist Financial lowered their price target on shares of NIKE from $69.00 to $57.00 and set a "buy" rating on the stock in a research report on Wednesday, April 1st. Finally, UBS Group decreased their target price on shares of NIKE from $58.00 to $54.00 and set a "neutral" rating on the stock in a research report on Wednesday, April 1st. Seventeen equities research analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $62.34.

NIKE News Roundup

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: Sanford C. Bernstein reaffirmed a "buy" on NKE, keeping institutional-level support for the turnaround thesis and signaling confidence from an influential sell-side shop. MarketScreener
• Positive Sentiment: CEO-level confidence: reports say Nike's CEO personally increased a compensation/skin-in-the-game commitment by $1M, which investors often view as alignment with shareholder interests. MSN
• Positive Sentiment: Market reaction to the latest cost actions was initially supportive: NKE ticked up after-hours when the company announced another round of layoffs, suggesting investors see near-term margin/cash-flow benefits. MSN After-hours
• Positive Sentiment: DZ Bank also reaffirmed a buy rating, adding a second endorsement from the sell-side that supports the case for recovery if execution improves. AmericanBankingNews
• Neutral Sentiment: Nike announced roughly 1,400 job cuts (mainly in technology) as part of its "Win Now" efficiency push — a move that should reduce costs but also underscores that the turnaround is still in progress. WSJ
• Negative Sentiment: Short interest jumped ~22.8% in April to ~56.1M shares (≈3.8% of float), signaling growing bearish positioning and increased potential selling pressure despite a modest days-to-cover ratio (~1.4). (internal short-interest report)
• Negative Sentiment: Analyst debate and structural concerns persist: commentary about a potential "generational reset" and multi-year share losses reflects skepticism that execution and product momentum will recover quickly. Benzinga
• Negative Sentiment: Competitive pressure and talent migration (e.g., a former Nike executive named CEO at Lululemon) highlight market-share threats that could weigh on near-term sales recovery. FinancialPost

Insider Buying and Selling at NIKE

In other NIKE news, Director Timothy D. Cook purchased 25,000 shares of the business's stock in a transaction on Friday, April 10th. The shares were bought at an average cost of $42.43 per share, for a total transaction of $1,060,750.00. Following the completion of the purchase, the director directly owned 130,480 shares of the company's stock, valued at approximately $5,536,266.40. This trade represents a 23.70% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John W. Rogers, Jr. purchased 4,000 shares of the business's stock in a transaction on Thursday, April 9th. The shares were acquired at an average price of $43.34 per share, for a total transaction of $173,360.00. Following the completion of the purchase, the director directly owned 41,022 shares of the company's stock, valued at approximately $1,777,893.48. This trade represents a 10.80% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have purchased 64,441 shares of company stock valued at $2,734,204 over the last three months. 0.80% of the stock is currently owned by company insiders.

NIKE 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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