NIKE, Inc. $NKE Shares Acquired by Concurrent Investment Advisors LLC

Key Points

• Concurrent Investment Advisors raised its stake in NIKE by 89.2%, adding 52,002 shares to hold 110,331 shares worth about $7.03 million at the end of the quarter.
• Other notable purchases include WT Asset Management boosting its position to 640,350 shares (~$40.8M), while insiders — CEO Elliott Hill and director Robert Holmes Swan — bought shares recently, indicating meaningful insider and large‑fund buying.
• The backdrop is mixed: analysts' consensus is a Hold with a $62.34 target, shares trade near a multi‑year low (~$44.74), Nike announced ~1,400 layoffs and short interest jumped ~22.8%, reflecting both turnaround hopes and increased bearish pressure.

Concurrent Investment Advisors LLC lifted its holdings in shares of NIKE, Inc. (NYSE:NKE - Free Report) by 89.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 110,331 shares of the footwear maker's stock after buying an additional 52,002 shares during the period. Concurrent Investment Advisors LLC's holdings in NIKE were worth $7,029,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Broad Peak Investment Advisers Pte Ltd boosted its position in NIKE by 40.5% during the 4th quarter. Broad Peak Investment Advisers Pte Ltd now owns 116,160 shares of the footwear maker's stock valued at $7,401,000 after purchasing an additional 33,500 shares during the period. Obermeyer Wealth Partners lifted its stake in NIKE by 9.4% in the fourth quarter. Obermeyer Wealth Partners now owns 3,152 shares of the footwear maker's stock valued at $201,000 after buying an additional 271 shares during the last quarter. ODonnell Financial Services LLC bought a new stake in NIKE in the fourth quarter valued at $309,000. TBH Global Asset Management LLC boosted its holdings in shares of NIKE by 13.4% during the fourth quarter. TBH Global Asset Management LLC now owns 5,595 shares of the footwear maker's stock valued at $356,000 after acquiring an additional 661 shares during the period. Finally, WT Asset Management Ltd boosted its holdings in shares of NIKE by 1,729.6% during the fourth quarter. WT Asset Management Ltd now owns 640,350 shares of the footwear maker's stock valued at $40,797,000 after acquiring an additional 605,350 shares during the period. Institutional investors and hedge funds own 64.25% of the company's stock.

More NIKE News

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

Analysts Set New Price Targets

NKE has been the topic of several recent research reports. Wall Street Zen downgraded shares of NIKE from a "hold" rating to a "sell" rating in a research report on Saturday, April 18th. Bank of America restated a "neutral" rating and issued a $55.00 target price (down from $73.00) on shares of NIKE in a research report on Wednesday, April 1st. UBS Group dropped their price target on shares of NIKE from $58.00 to $54.00 and set a "neutral" rating on the stock in a research note on Wednesday, April 1st. KeyCorp cut their price target on NIKE from $90.00 to $75.00 and set an "overweight" rating on the stock in a report on Thursday, January 22nd. Finally, Robert W. Baird reduced their price objective on NIKE from $85.00 to $70.00 and set an "outperform" rating for the company in a research report on Wednesday, April 1st. Seventeen analysts have rated the stock with a Buy rating, seventeen have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, NIKE currently has an average rating of "Hold" and a consensus price target of $62.34.

NIKE Trading Up 0.1%

Shares of NYSE:NKE opened at $44.74 on Monday. The company has a 50 day moving average of $52.99 and a 200-day moving average of $60.27. The company has a current ratio of 2.14, a quick ratio of 1.45 and a debt-to-equity ratio of 0.50. The firm has a market cap of $66.25 billion, a P/E ratio of 29.63, a P/E/G ratio of 2.36 and a beta of 1.31. NIKE, Inc. has a twelve month low of $42.09 and a twelve month high of $80.17.

NIKE (NYSE:NKE - Get Free Report) last posted its quarterly earnings data 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 business had revenue of $11.28 billion for the quarter, compared to analyst estimates of $11.23 billion. During the same quarter last year, the business earned $0.54 earnings per share. The business's revenue for the quarter was up .1% on a year-over-year basis. As a group, analysts anticipate that NIKE, Inc. will post 1.52 earnings per share for the current fiscal year.

NIKE Dividend Announcement

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

Insider Transactions at NIKE

In other news, Director Robert Holmes Swan acquired 11,781 shares of the company's stock in a transaction dated Tuesday, April 7th. The shares were bought at an average price of $42.44 per share, with a total value of $499,985.64. Following the purchase, the director owned 55,074 shares of the company's stock, valued at approximately $2,337,340.56. This represents a 27.21% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Elliott Hill acquired 23,660 shares of the business's stock in a transaction dated Monday, April 13th. The stock was purchased at an average price of $42.27 per share, with a total value of $1,000,108.20. Following the acquisition, the chief executive officer owned 265,247 shares of the company's stock, valued at approximately $11,211,990.69. This trade represents a 9.79% increase in their ownership of the stock. 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 90 days. 0.80% of the stock is currently owned by corporate insiders.

About NIKE

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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