GRIMES & Co WEALTH MANAGEMENT LLC Acquires 23,119 Shares of NIKE, Inc. $NKE

Key Points

• GRIMES & Co WEALTH MANAGEMENT LLC increased its Nike stake by 26.5%, buying 23,119 shares to hold 110,394 shares worth about $7.03 million per its latest SEC filing.
• Insiders boosted holdings: Director Timothy D. Cook bought 25,000 shares at $42.43 and CEO Elliott Hill bought 23,660 shares at $42.27, part of insider purchases totaling 64,441 shares (≈$2.73M) over the last three months.
• Corporate actions and outlook: Nike declared a $0.41 quarterly dividend (3.7% yield, payable July 1) and expanded cost-cutting with roughly 1,400 tech/digital job cuts while facing mixed analyst targets and regulatory/short-interest pressure.

GRIMES & Co WEALTH MANAGEMENT LLC increased its holdings in shares of NIKE, Inc. (NYSE:NKE - Free Report) by 26.5% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 110,394 shares of the footwear maker's stock after purchasing an additional 23,119 shares during the period. GRIMES & Co WEALTH MANAGEMENT LLC's holdings in NIKE were worth $7,033,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Vanguard Group Inc. boosted its stake in shares of NIKE by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 116,993,541 shares of the footwear maker's stock valued at $7,453,658,000 after purchasing an additional 1,702,342 shares in the last quarter. Capital World Investors boosted its stake 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 valued at $2,945,326,000 after purchasing an additional 286,615 shares in the last quarter. Flossbach Von Storch SE boosted its stake in shares of NIKE by 29.3% during the fourth quarter. Flossbach Von Storch SE now owns 12,753,317 shares of the footwear maker's stock valued at $812,514,000 after purchasing an additional 2,886,856 shares in the last quarter. Invesco Ltd. boosted its stake in NIKE by 3.3% in the third quarter. Invesco Ltd. now owns 12,561,334 shares of the footwear maker's stock valued at $875,902,000 after acquiring an additional 404,136 shares in the last quarter. Finally, Jennison Associates LLC boosted its stake in NIKE by 42.3% in the third quarter. Jennison Associates LLC now owns 11,838,528 shares of the footwear maker's stock valued at $825,501,000 after acquiring an additional 3,518,666 shares in the last quarter. 64.25% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Timothy D. Cook acquired 25,000 shares of the business's stock in a transaction on Friday, April 10th. The stock was bought at an average price of $42.43 per share, with a total value of $1,060,750.00. Following the completion of the acquisition, the director owned 130,480 shares of the company's stock, valued at approximately $5,536,266.40. This represents a 23.70% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Elliott Hill acquired 23,660 shares of the business's stock in a transaction on Monday, April 13th. The stock was purchased at an average cost of $42.27 per share, with a total value of $1,000,108.20. Following the acquisition, the chief executive officer directly owned 265,247 shares of the company's stock, valued at $11,211,990.69. This represents a 9.79% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders purchased a total of 64,441 shares of company stock worth $2,734,204 over the last three months. Corporate insiders own 0.80% of the company's stock.

NIKE Trading Up 1.1%

Shares of NIKE stock opened at $44.36 on Friday. 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 firm has a fifty day moving average price of $50.16 and a 200 day moving average price of $59.14. NIKE, Inc. has a 1 year low of $42.09 and a 1 year high of $80.17. The stock has a market cap of $65.69 billion, a PE ratio of 29.38, a price-to-earnings-growth ratio of 2.33 and a beta of 1.12.

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

NIKE Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Monday, June 1st will be issued a $0.41 dividend. The ex-dividend date of this dividend is Monday, June 1st. This represents a $1.64 dividend on an annualized basis and a yield of 3.7%. NIKE's payout ratio is presently 108.61%.

NIKE News Summary

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: Nike’s board declared a quarterly cash dividend of $0.41 per share (payable July 1), signaling commitment to shareholder returns despite near-term revenue and margin pressure. Does Nike’s Steady Dividend Amid Strains Recast Its Capital Allocation Narrative For NKE Investors?
• Positive Sentiment: Nike expanded its “Win Now” cost-cutting with roughly 1,400 job cuts focused on tech/digital teams — a move that should reduce operating expenses and support margins over time, though it may pressure near-term execution and morale. Nike Expands Cost-Cutting Push With New Round of Job Reductions
• Positive Sentiment: Some outlets highlight analyst upside (consensus target near $62 implies ~41% upside from current levels), which can attract value-minded buyers if management stabilizes results. Nike’s 65% 3-Year Plunge Could Lead to 41% Upside Today
• Neutral Sentiment: Berenberg reaffirmed a “neutral” rating on NKE, leaving analyst guidance mixed and suggesting no immediate consensus shift. Nike Inc.: Berenberg Remains Neutral
• Neutral Sentiment: Coverage noting a “valuation reset” and index-buzz could influence passive flows or reweights but is not an immediate earnings driver. Nike Valuation Reset Sparks Dow Jones Index Buzz
• Neutral Sentiment: Retail partner commentary (Britain’s JD Sports praising CEO Elliott Hill) is supportive PR but has limited direct financial impact. Britain's JD Sports says Nike's Hill 'doing a great job'
• Negative Sentiment: Nike faces regulatory and reputational risk: an EEOC probe into DEI practices and a rise in bearish bets/short interest have increased pressure on CEO Elliott Hill and could weigh on sentiment and stock liquidity. Bets surge against Nike, heaping pressure on CEO Hill Nike Balances DEI Probe With Football Growth And AI Operations Push

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on NKE. Williams Trading lowered their price objective on NIKE from $80.00 to $57.00 and set a "buy" rating for the company in a research report on Wednesday, April 1st. Berenberg Bank reaffirmed a "neutral" rating on shares of NIKE in a research report on Wednesday. China Renaissance reduced their target price on NIKE from $74.60 to $50.30 and set a "hold" rating on the stock in a research report on Thursday, April 2nd. Robert W. Baird reduced their target price on NIKE from $85.00 to $70.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 1st. Finally, Jefferies Financial Group reduced their target price on NIKE from $110.00 to $90.00 and set a "buy" rating on the stock in a research report on Wednesday, April 1st. Seventeen investment analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $62.34.

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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