Free Trial

NIKE, Inc. (NYSE:NKE) Stake Lowered by Jensen Investment Management Inc.

NIKE logo with Consumer Discretionary background

Key Points

  • Jensen Investment Management Inc. reduced its stake in NIKE by 32.1%, now holding 2,300,636 shares, valued at $146 million, making it the company's 24th largest holding.
  • Several institutional investors, including Goldman Sachs Group Inc. and Vanguard Group Inc., increased their stakes in NIKE, reflecting a significant overall interest in the company's stock.
  • Analysts have mixed ratings for NIKE, with one downgrading it to a "sell" while others maintain "buy" ratings, resulting in an average rating of "Moderate Buy" and a consensus price target of $78.22.
  • Looking to Export and Analyze NIKE Data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

Jensen Investment Management Inc. lessened its holdings in shares of NIKE, Inc. (NYSE:NKE - Free Report) by 32.1% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,300,636 shares of the footwear maker's stock after selling 1,087,001 shares during the quarter. NIKE comprises about 1.6% of Jensen Investment Management Inc.'s holdings, making the stock its 24th biggest holding. Jensen Investment Management Inc. owned about 0.16% of NIKE worth $146,044,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Heck Capital Advisors LLC purchased a new position in NIKE in the fourth quarter valued at approximately $28,000. EnRich Financial Partners LLC lifted its holdings in shares of NIKE by 196.4% in the 4th quarter. EnRich Financial Partners LLC now owns 412 shares of the footwear maker's stock valued at $31,000 after purchasing an additional 273 shares during the last quarter. Putney Financial Group LLC acquired a new stake in shares of NIKE in the 4th quarter valued at about $40,000. Minot DeBlois Advisors LLC purchased a new position in NIKE during the 4th quarter worth approximately $42,000. Finally, N.E.W. Advisory Services LLC acquired a new position in NIKE during the first quarter worth approximately $37,000. Institutional investors and hedge funds own 64.25% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. JPMorgan Chase & Co. upgraded shares of NIKE from a "neutral" rating to an "overweight" rating and raised their target price for the stock from $64.00 to $93.00 in a research report on Monday, July 28th. Royal Bank Of Canada lowered their price objective on shares of NIKE from $66.00 to $65.00 and set a "sector perform" rating on the stock in a research report on Tuesday, May 20th. Citigroup upped their target price on shares of NIKE from $57.00 to $68.00 and gave the company a "neutral" rating in a report on Friday, June 27th. Bank of America boosted their price objective on shares of NIKE from $80.00 to $84.00 and gave the company a "buy" rating in a research note on Friday, June 27th. Finally, UBS Group began coverage on shares of NIKE in a report on Sunday, July 6th. They set a "buy" rating for the company. One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating, seventeen have assigned a buy rating and three have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $78.22.

View Our Latest Analysis on NKE

Insider Buying and Selling at NIKE

In related news, Chairman Mark G. Parker sold 110,000 shares of the company's stock in a transaction that occurred on Wednesday, July 16th. The stock was sold at an average price of $72.29, for a total transaction of $7,951,900.00. Following the sale, the chairman directly owned 842,361 shares of the company's stock, valued at approximately $60,894,276.69. This represents a 11.55% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.80% of the company's stock.

NIKE Stock Up 0.5%

Shares of NKE stock traded up $0.35 during trading hours on Friday, reaching $74.70. The company had a trading volume of 966,891 shares, compared to its average volume of 17,126,145. The company has a market capitalization of $110.33 billion, a P/E ratio of 34.52, a price-to-earnings-growth ratio of 2.74 and a beta of 1.27. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.50 and a current ratio of 2.21. NIKE, Inc. has a twelve month low of $52.28 and a twelve month high of $90.62. The stock's fifty day simple moving average is $69.43 and its 200 day simple moving average is $67.63.

NIKE (NYSE:NKE - Get Free Report) last issued its quarterly earnings results on Thursday, June 26th. The footwear maker reported $0.14 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.12 by $0.02. The business had revenue of $11.10 billion during the quarter, compared to analyst estimates of $10.69 billion. NIKE had a net margin of 6.95% and a return on equity of 23.33%. The business's revenue was down 11.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.99 earnings per share. As a group, sell-side analysts expect that NIKE, Inc. will post 2.05 earnings per share for the current fiscal year.

NIKE Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Tuesday, September 2nd will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.1%. NIKE's dividend payout ratio (DPR) is 74.07%.

NIKE Company Profile

(Free Report)

NIKE, Inc, together with its subsidiaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, accessories, and services worldwide. The company provides athletic and casual footwear, apparel, and accessories under the Jumpman trademark; and casual sneakers, apparel, and accessories under the Converse, Chuck Taylor, All Star, One Star, Star Chevron, and Jack Purcell trademarks.

See Also

Institutional Ownership by Quarter for NIKE (NYSE:NKE)

Should You Invest $1,000 in NIKE Right Now?

Before you consider NIKE, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and NIKE wasn't on the list.

While NIKE currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

The Best High-Yield Dividend Stocks for 2025 Cover

Discover the 10 Best High-Yield Dividend Stocks for 2025 and secure reliable income in uncertain markets. Download the report now to identify top dividend payers and avoid common yield traps.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

3 Buy-the-Dip Stocks Poised to Rebound Soon
Quantum Boom: 3 Strong Picks with Lower Risk
3 Overlooked AI Stocks That Chipmakers Can’t Live Without

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines