Highland Capital Management LLC Sells 80,603 Shares of NIKE, Inc. $NKE

Key Points

• Highland Capital Management LLC cut its NIKE stake by **75.8%** in Q4, selling **80,603 shares** and retaining 25,725 shares valued at about $1.64 million.
• NIKE declared a quarterly dividend of $0.41 (annualized $1.64) implying a ~3.8% yield, with an ex-dividend date of June 1 and payment on July 1; the dividend payout ratio is roughly 108.6%.
• Insiders increased ownership this quarter—Director Timothy D. Cook bought 25,000 shares and Robert Holmes Swan bought 11,781, with insiders purchasing 64,441 shares in total and owning about 0.8% of the company.

Highland Capital Management LLC lowered its holdings in shares of NIKE, Inc. (NYSE:NKE - Free Report) by 75.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 25,725 shares of the footwear maker's stock after selling 80,603 shares during the quarter. Highland Capital Management LLC's holdings in NIKE were worth $1,639,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Mizuho Markets Cayman LP bought a new position in NIKE during the third quarter valued at $34,200,000. PFA Pension Forsikringsaktieselskab bought a new position in NIKE during the fourth quarter valued at $43,188,000. Strive Asset Management LLC bought a new position in NIKE during the third quarter valued at $1,743,000. Park National Corp OH lifted its position in NIKE by 81.5% during the fourth quarter. Park National Corp OH now owns 431,055 shares of the footwear maker's stock valued at $27,463,000 after purchasing an additional 193,514 shares during the last quarter. Finally, Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD lifted its position in NIKE by 106.1% during the third quarter. Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD now owns 205,082 shares of the footwear maker's stock valued at $14,343,000 after purchasing an additional 105,569 shares during the last quarter. Institutional investors own 64.25% of the company's stock.

NIKE Trading Down 0.1%

NKE stock opened at $43.03 on Wednesday. The company has a market capitalization of $63.73 billion, a PE ratio of 28.50, a P/E/G ratio of 2.29 and a beta of 1.12. NIKE, Inc. has a 12 month low of $42.09 and a 12 month high of $80.17. The firm's 50-day moving average is $50.94 and its 200 day moving average is $59.47. 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 posted its quarterly earnings results on Tuesday, March 31st. The footwear maker reported $0.35 EPS for the quarter, topping the consensus estimate of $0.29 by $0.06. The company had revenue of $11.28 billion for the quarter, compared to the consensus estimate of $11.23 billion. NIKE had a net margin of 4.84% and a return on equity of 16.41%. The firm's revenue was up .1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.54 EPS. On average, research analysts anticipate that NIKE, Inc. will post 1.51 EPS for the current year.

NIKE Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Monday, June 1st will be paid a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend is Monday, June 1st. NIKE's dividend payout ratio (DPR) is currently 108.61%.

Analyst Upgrades and Downgrades

NKE has been the subject of several research reports. Barclays lowered their price objective on shares of NIKE from $73.00 to $67.00 and set an "overweight" rating for the company in a research report on Wednesday, April 1st. Jefferies Financial Group lowered their target price on shares of NIKE from $110.00 to $90.00 and set a "buy" rating for the company in a report on Wednesday, April 1st. Weiss Ratings lowered shares of NIKE from a "sell (d+)" rating to a "sell (d)" rating in a report on Monday. KeyCorp lowered their target price on shares of NIKE from $90.00 to $75.00 and set an "overweight" rating for the company in a report on Thursday, January 22nd. Finally, Truist Financial lowered their target price on shares of NIKE from $69.00 to $57.00 and set a "buy" rating for the company in a report on Wednesday, April 1st. Seventeen investment analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $62.34.

Trending Headlines about NIKE

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: Wholesale rebuild is driving growth and helping NIKE regain market share; management says wholesale remains the primary shopping environment for many consumers, which could stabilize revenue if execution continues. Is NIKE's Wholesale Rebuild the Key to Its Earnings Stability?
• Positive Sentiment: Board declared a $0.41 quarterly dividend (payable July 1; ex-dividend June 1), implying a ~3.8% yield — a cash-return signal that supports income-focused investors and may steady the shareholder base. NIKE, Inc. Declares $0.41 Quarterly Dividend
• Neutral Sentiment: Dividend yield comparisons (e.g., vs. Verizon) highlight that headline yields mask differences in earnings power and cash coverage — useful context but not a direct catalyst for NKE alone. Verizon Has a Dividend Yield Of 5.9% and Nike's Is 3.7%
• Negative Sentiment: Profitability pressure: recent analysis notes wholesale progress but warns it won’t fully offset margin compression and other headwinds — raising questions about durable earnings stability. Is NIKE's Wholesale Rebuild the Key to Its Earnings Stability?
• Negative Sentiment: Share-price and operational stress: NKE has fallen sharply over recent months (reported ~29% drop over 3 months), driven by inventory clean-up and Sportswear weakness; this selling pressure and recent YOY EPS decline are weighing on near-term sentiment. NIKE Stock Drops 29% in 3 Months

Insider Activity at NIKE

In related news, Director Timothy D. Cook purchased 25,000 shares of NIKE stock in a transaction that occurred on Friday, April 10th. The shares were bought at an average price of $42.43 per share, with a total value of $1,060,750.00. Following the purchase, the director directly owned 130,480 shares of the company's stock, valued at approximately $5,536,266.40. This represents a 23.70% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robert Holmes Swan purchased 11,781 shares of NIKE stock in a transaction that occurred on Tuesday, April 7th. The stock was bought at an average cost of $42.44 per share, for a total transaction of $499,985.64. Following the purchase, the director directly owned 55,074 shares in the company, valued at $2,337,340.56. This trade represents a 27.21% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last quarter, insiders purchased 64,441 shares of company stock worth $2,734,204. 0.80% of the stock is currently owned by corporate insiders.

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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