Rockefeller Capital Management L.P. Sells 47,694 Shares of NIKE, Inc. $NKE

Key Points

• Rockefeller Capital Management cut its NIKE stake by 17.9% in the fourth quarter, selling 47,694 shares and leaving it with 219,412 shares valued at about $14.0 million.
• Despite mixed sentiment on Wall Street, NIKE is heading into its June 30 earnings report with investors focused on whether sales and margin recovery are improving. Analysts currently have a consensus Hold rating and an average price target of $60.01.
• NIKE recently reported earnings that beat expectations and also maintained its outlook, but broader concerns remain around a slow turnaround, weak demand, and operational issues flagged by analysts and company leadership.

Rockefeller Capital Management L.P. decreased its position in NIKE, Inc. (NYSE:NKE - Free Report) by 17.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 219,412 shares of the footwear maker's stock after selling 47,694 shares during the quarter. Rockefeller Capital Management L.P.'s holdings in NIKE were worth $13,982,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Cornerstone Financial Management LLC acquired a new position in NIKE in the 4th quarter valued at $26,000. Sankala Group LLC acquired a new stake in shares of NIKE during the fourth quarter worth $26,000. J.Safra Asset Management Corp bought a new stake in shares of NIKE in the fourth quarter valued at about $29,000. Kemnay Advisory Services Inc. bought a new stake in shares of NIKE in the fourth quarter valued at about $30,000. Finally, Gordian Capital Singapore Pte Ltd acquired a new position in shares of NIKE in the third quarter valued at about $35,000. Institutional investors own 64.25% of the company's stock.

Key Headlines Impacting NIKE

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: NIKE named Pfizer finance executive David Denton as its next CFO, a move that could strengthen leadership during the company’s turnaround. Nike also said fiscal Q4 results remain on track and reaffirmed its outlook, which helped the stock recover some ground after hours. Reuters article
• Neutral Sentiment: Investors are watching ahead of NIKE’s June 30 earnings report, with analysts expecting weaker fourth-quarter results and closely scrutinizing whether the company can show progress on sales and margin recovery. Benzinga article
• Negative Sentiment: Evercore ISI downgraded NIKE to In Line and cut its price target, citing limited new product momentum and deeper operating challenges such as U.S. channel weakness, Jordan brand softness, and European supply delays. Benzinga article
• Negative Sentiment: Other commentary also pointed to a sluggish turnaround, with CEO Elliott Hill saying the effort is taking longer than expected amid tariffs, weak demand, and uneven global performance, reinforcing concerns that the recovery may be slow. Benzinga article

Wall Street Analyst Weigh In

Several brokerages have weighed in on NKE. JPMorgan Chase & Co. reiterated a "neutral" rating on shares of NIKE in a research note on Monday, April 13th. DZ Bank reaffirmed a "buy" rating on shares of NIKE in a report on Tuesday, April 21st. HSBC downgraded shares of NIKE from a "buy" rating to a "hold" rating and dropped their price target for the company from $90.00 to $48.00 in a research report on Monday, April 13th. BTIG Research reduced their price target on NIKE from $90.00 to $75.00 and set a "buy" rating on the stock in a research report on Wednesday, April 1st. Finally, Truist Financial lowered their price objective on NIKE from $69.00 to $57.00 and set a "buy" rating on the stock in a research note on Wednesday, April 1st. Fourteen equities research analysts have rated the stock with a Buy rating, nineteen have assigned a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $60.01.

NIKE Stock Performance

Shares of NIKE stock opened at $42.49 on Wednesday. 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 company has a market cap of $62.92 billion, a PE ratio of 28.14, a price-to-earnings-growth ratio of 1.87 and a beta of 1.12. The company has a 50 day moving average of $44.38 and a 200-day moving average of $54.40. NIKE, Inc. has a 1-year low of $41.35 and a 1-year high of $80.17.

NIKE (NYSE:NKE - Get Free Report) last announced its quarterly earnings data on Tuesday, March 31st. The footwear maker reported $0.35 earnings per share (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 analysts' expectations of $11.23 billion. During the same period last year, the firm posted $0.54 earnings per share. The firm's quarterly revenue was up .1% compared to the same quarter last year. As a group, equities research analysts forecast that NIKE, Inc. will post 1.49 earnings per share for the current fiscal year.

NIKE Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Monday, June 1st will be issued a dividend of $0.41 per share. The ex-dividend date of this dividend is Monday, June 1st. This represents a $1.64 dividend on an annualized basis and a dividend yield of 3.9%. NIKE's payout ratio is 108.61%.

Insider Buying and Selling at NIKE

In related news, Director John W. Rogers, Jr. purchased 4,000 shares of the firm's stock in a transaction that occurred on Thursday, April 9th. The shares were bought at an average cost of $43.34 per share, with a total value of $173,360.00. Following the acquisition, the director 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 transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Elliott Hill acquired 23,660 shares of the stock in a transaction that occurred on Monday, April 13th. The shares were bought at an average price of $42.27 per share, with a total value of $1,000,108.20. Following the completion of the transaction, the chief executive officer owned 265,247 shares in the company, valued at $11,211,990.69. This represents a 9.79% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders purchased 64,441 shares of company stock worth $2,734,204 over the last quarter. 0.80% of the stock is currently owned by company insiders.

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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