NIKE, Inc. $NKE Shares Sold by Clal Insurance Enterprises Holdings Ltd

Key Points

• Clal Insurance Enterprises Holdings Ltd trimmed its NIKE stake by 4.1% in the first quarter, selling 27,000 shares and leaving it with 633,000 shares valued at about $33.7 million.
• NIKE recently reported quarterly EPS of $0.20, beating estimates, and revenue of $10.97 billion, slightly above forecasts, though sales still fell 1.1% year over year.
• Analysts remain cautious: several firms lowered price targets, and the stock currently carries a Hold consensus rating with an average target of $53.86.

Clal Insurance Enterprises Holdings Ltd lessened its position in NIKE, Inc. (NYSE:NKE - Free Report) by 4.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 633,000 shares of the footwear maker's stock after selling 27,000 shares during the quarter. Clal Insurance Enterprises Holdings Ltd's holdings in NIKE were worth $33,695,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of NKE. Main Street Financial Solutions LLC lifted its position in shares of NIKE by 4.2% during the second quarter. Main Street Financial Solutions LLC now owns 3,441 shares of the footwear maker's stock worth $244,000 after purchasing an additional 139 shares in the last quarter. Diligent Investors LLC grew its holdings in shares of NIKE by 4.3% in the fourth quarter. Diligent Investors LLC now owns 3,719 shares of the footwear maker's stock valued at $237,000 after purchasing an additional 153 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in shares of NIKE by 4.3% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 3,978 shares of the footwear maker's stock valued at $253,000 after purchasing an additional 163 shares in the last quarter. Lakeshore Capital Group Inc. increased its stake in NIKE by 2.9% during the 4th quarter. Lakeshore Capital Group Inc. now owns 5,868 shares of the footwear maker's stock worth $374,000 after buying an additional 165 shares during the period. Finally, ANB Bank increased its stake in NIKE by 0.7% during the 4th quarter. ANB Bank now owns 25,451 shares of the footwear maker's stock worth $1,621,000 after buying an additional 165 shares during the period. Institutional investors and hedge funds own 64.25% of the company's stock.

Insiders Place Their Bets

In other NIKE news, EVP Philip Mccartney sold 17,398 shares of the company's stock in a transaction on Friday, June 12th. The shares were sold at an average price of $46.18, for a total value of $803,439.64. Following the completion of the transaction, the executive vice president owned 53,133 shares in the company, valued at $2,453,681.94. This represents a 24.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 1.10% of the stock is currently owned by company insiders.

NIKE Trading Down 1.1%

Shares of NYSE:NKE opened at $42.99 on Wednesday. NIKE, Inc. has a 52 week low of $40.00 and a 52 week high of $80.17. The company's 50 day moving average is $43.70 and its two-hundred day moving average is $51.52. The company has a market cap of $63.66 billion, a PE ratio of 20.57, a P/E/G ratio of 1.92 and a beta of 1.12. The company has a current ratio of 1.96, a quick ratio of 1.36 and a debt-to-equity ratio of 0.40.

NIKE (NYSE:NKE - Get Free Report) last released its quarterly earnings data on Tuesday, June 30th. The footwear maker reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.09. The business had revenue of $10.97 billion during the quarter, compared to analysts' expectations of $10.85 billion. NIKE had a net margin of 6.70% and a return on equity of 16.54%. The company's revenue for the quarter was down 1.1% on a year-over-year basis. During the same period in the previous year, the company earned $0.14 EPS. Equities analysts predict that NIKE, Inc. will post 1.74 earnings per share for the current fiscal year.

NIKE Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 1st. Investors of record on Monday, June 1st were paid a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 3.8%. The ex-dividend date was Monday, June 1st. NIKE's dividend payout ratio (DPR) is currently 78.47%.

Wall Street Analyst Weigh In

Several equities analysts have commented on NKE shares. DA Davidson cut shares of NIKE from a "buy" rating to a "neutral" rating and decreased their price target for the company from $72.00 to $46.00 in a research report on Thursday, April 2nd. Piper Sandler cut their price objective on NIKE from $50.00 to $45.00 and set a "neutral" rating on the stock in a research report on Wednesday, July 1st. Deutsche Bank Aktiengesellschaft increased their price objective on NIKE from $43.00 to $45.00 and gave the company a "hold" rating in a research note on Friday, July 17th. Barclays decreased their target price on NIKE from $67.00 to $52.00 and set an "overweight" rating for the company in a report on Wednesday, July 1st. Finally, JPMorgan Chase & Co. lowered their target price on NIKE from $52.00 to $47.00 and set a "neutral" rating for the company in a research note on Monday, June 29th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, nineteen have assigned a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat.com, NIKE presently has a consensus rating of "Hold" and a consensus price target of $53.86.

Key Stories Impacting NIKE

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: NIKE is restructuring its China e-commerce strategy by steering shoppers to official channels and cutting off thousands of third-party online distributors, a move that could improve brand control, reduce marketplace clutter, and support margins. Nike to cut off thousands of online distributors in China, restructure digital footprint
• Positive Sentiment: The company’s focus on new performance products, advanced technologies, and its “Sport Offense” strategy could help reignite demand over time if the innovation pipeline converts into stronger sales. NIKE's Innovation Pipeline: Can New Products Spark Demand?
• Neutral Sentiment: Analyst commentary and market-activity coverage suggest investors are closely monitoring NIKE’s turnaround story, but these items do not appear to add a major new catalyst on their own. SA analyst upgrades/downgrades: NKE, DDOG, BIDU, INTC
• Neutral Sentiment: Commentary on NIKE’s broader brand reset, retail growth strategy, and stock activity reflects ongoing debate about the turnaround, but these headlines are more diagnostic than immediately actionable. Nike NYSE: NKE Faces A Crucial Brand Reset
• Neutral Sentiment: Coverage noting NIKE’s miss on World Cup final exposure and LeBron James’ criticism underscores brand relevance concerns, but the effect is longer-term and harder to quantify immediately. Nike Misses World Cup Final as Adidas Gains Merchandise Opportunity
• Negative Sentiment: Ongoing concerns about weak consumer demand, heavy discounting in key Sportswear and Jordan lines, and questions about cultural relevance continue to weigh on sentiment for NIKE. The Bull Case For NIKE (NKE) Could Change Following Missed World Cup Moment And Brand Relevance Questions
• Negative Sentiment: LeBron James’ comments that NIKE needs to reconnect with local communities and consumers reinforce the view that the brand still has a turnaround problem to solve. LeBron James exposes Nike’s hidden turnaround problem

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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