NIKE, Inc. $NKE Stake Reduced by Alecta Tjanstepension Omsesidigt

Key Points

• Alecta Tjanstepension Omsesidigt reduced its NIKE stake by 12.3% in Q4, selling 424,500 shares and ending the quarter with 3,030,200 shares (about 0.20% of NIKE) worth $193,145,000.
• NIKE declared a quarterly dividend of $0.41 per share (annualized $1.64) with an ex-dividend date of June 1 and payable July 1, implying a ~3.7% yield and a payout ratio of 108.6%.
• Company insiders have been buying shares: Director Timothy D. Cook purchased 25,000 shares at $42.43 and Director John W. Rogers, Jr. bought 4,000 shares, part of insider purchases totaling 64,441 shares valued at $2.73M over the last 90 days.

Alecta Tjanstepension Omsesidigt reduced its stake in shares of NIKE, Inc. (NYSE:NKE - Free Report) by 12.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,030,200 shares of the footwear maker's stock after selling 424,500 shares during the quarter. Alecta Tjanstepension Omsesidigt owned about 0.20% of NIKE worth $193,145,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Guerra Advisors Inc acquired a new position in NIKE during the 3rd quarter worth $34,000. Gordian Capital Singapore Pte Ltd acquired a new position in NIKE during the 3rd quarter worth $35,000. Accredited Wealth Management LLC boosted its position in NIKE by 268.6% during the 3rd quarter. Accredited Wealth Management LLC now owns 516 shares of the footwear maker's stock worth $36,000 after acquiring an additional 376 shares during the period. Matrix Trust Co boosted its position in NIKE by 43.6% during the 4th quarter. Matrix Trust Co now owns 596 shares of the footwear maker's stock worth $38,000 after acquiring an additional 181 shares during the period. Finally, Ares Financial Consulting LLC acquired a new position in NIKE during the 4th quarter worth $40,000. 64.25% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. KeyCorp reduced their price target on NIKE from $90.00 to $75.00 and set an "overweight" rating for the company in a research report on Thursday, January 22nd. China Renaissance reduced their price target on NIKE from $74.60 to $50.30 and set a "hold" rating for the company in a research report on Thursday, April 2nd. Barclays reduced their price target on NIKE from $73.00 to $67.00 and set an "overweight" rating for the company in a research report on Wednesday, April 1st. Deutsche Bank Aktiengesellschaft reduced their price target on NIKE from $54.00 to $51.00 and set a "hold" rating for the company in a research report on Wednesday, April 1st. Finally, Piper Sandler reiterated a "neutral" rating and set a $50.00 price target (down from $60.00) on shares of NIKE in a research report on Friday, April 10th. Seventeen equities research analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $62.34.

Insiders Place Their Bets

In other NIKE news, Director Timothy D. Cook purchased 25,000 shares of the company's stock in a transaction that occurred on Friday, April 10th. The shares were purchased at an average cost of $42.43 per share, with a total value of $1,060,750.00. Following the completion of the transaction, 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 legal filing with the SEC, which can be accessed through this link. Also, Director John W. Rogers, Jr. purchased 4,000 shares of the company's stock in a transaction that occurred on Thursday, April 9th. The shares were acquired at an average cost of $43.34 per share, for a total transaction of $173,360.00. Following the completion of the transaction, the director directly owned 41,022 shares of the company's stock, valued at $1,777,893.48. This trade represents a 10.80% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders bought a total of 64,441 shares of company stock valued at $2,734,204 over the last ninety days. Corporate insiders own 0.80% of the company's stock.

NIKE Trading Up 1.9%

Shares of NYSE NKE opened at $43.87 on Thursday. NIKE, Inc. has a 12 month low of $42.09 and a 12 month high of $80.17. The company has a market cap of $64.97 billion, a price-to-earnings ratio of 29.05, a P/E/G ratio of 2.28 and a beta of 1.12. The company has a quick ratio of 1.45, a current ratio of 2.14 and a debt-to-equity ratio of 0.50. The business has a fifty day simple moving average of $50.56 and a 200-day simple moving average of $59.30.

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

NIKE Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Monday, June 1st will be given a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend is Monday, June 1st. NIKE's payout ratio is presently 108.61%.

Key Headlines Impacting NIKE

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: NIKE declared a quarterly dividend of $0.41 per share (record June 1, payable July 1), implying a ~3.8% yield — a cash-return move that can steady income-oriented holders and improve sentiment. (Company release)
• Positive Sentiment: Market commentary is bullish on the dividend and potential restart of growth, arguing the payout signals management confidence in cash flows and could help stabilize the stock. MSN: Dividend Confidence
• Positive Sentiment: Analyst-target commentary highlights a large gap between the current share price and the Wall Street consensus target (~$62), creating a narrative of meaningful upside for value-seeking investors — this thesis can attract bargain hunters and long-only funds. 247wallst: 41% Upside Thesis
• Neutral Sentiment: Berenberg reiterated a "neutral" rating on NKE — a reminder that some brokers remain cautious even as others highlight upside, contributing to mixed analyst signals. MarketScreener: Berenberg Neutral
• Neutral Sentiment: Coverage on NIKE’s wholesale rebuild notes that restoring wholesale relationships is key to market-share recovery but may not immediately offset margin pressure — this is a medium-term operational story rather than an immediate earnings cure. Zacks: Wholesale Rebuild
• Negative Sentiment: Short interest has surged, according to reporting, increasing bets against NIKE and adding pressure on CEO Elliott Hill — elevated shorting can amplify downward moves and heighten volatility. Reuters: Short Bets Surge
• Negative Sentiment: NIKE is under an EEOC probe over DEI practices, a governance/legal overhang that increases execution risk and could weigh on multiple stakeholder relationships while the investigation proceeds. The Motley Fool: EEOC Probe

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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