Saybrook Capital NC Increases Stock Holdings in NIKE, Inc. $NKE

Key Points

• Saybrook Capital NC increased its NIKE stake by 15% to 193,042 shares (about $12.3M), making NKE roughly 3.1% of the fund and its 10th-largest holding.
• NIKE beat quarterly estimates (EPS $0.35 vs. $0.29 and $11.28B revenue), but shares are trading near a 1‑year low and analysts have trimmed targets, leaving a consensus rating of Hold with a $62.34 price target.
• Company insiders including CEO Elliott Hill and director Robert Holmes Swan recently purchased stock, while institutional ownership is ~64.25% and short interest rose ~22.8%, reflecting mixed investor sentiment.

Saybrook Capital NC grew its holdings in NIKE, Inc. (NYSE:NKE - Free Report) by 15.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 193,042 shares of the footwear maker's stock after purchasing an additional 25,126 shares during the period. NIKE comprises approximately 3.1% of Saybrook Capital NC's holdings, making the stock its 10th largest holding. Saybrook Capital NC's holdings in NIKE were worth $12,299,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in NKE. Brighton Jones LLC grew its stake in NIKE by 388.5% in the 4th quarter. Brighton Jones LLC now owns 202,411 shares of the footwear maker's stock worth $15,316,000 after acquiring an additional 160,980 shares in the last quarter. Caxton Associates LLP purchased a new position in shares of NIKE during the first quarter worth approximately $311,000. United Bank raised its stake in shares of NIKE by 11.3% during the second quarter. United Bank now owns 17,067 shares of the footwear maker's stock valued at $1,212,000 after acquiring an additional 1,736 shares in the last quarter. NewEdge Advisors LLC boosted its holdings in shares of NIKE by 0.3% in the second quarter. NewEdge Advisors LLC now owns 64,161 shares of the footwear maker's stock valued at $4,558,000 after purchasing an additional 197 shares during the period. Finally, CIBC Asset Management Inc boosted its holdings in shares of NIKE by 6.5% in the second quarter. CIBC Asset Management Inc now owns 191,268 shares of the footwear maker's stock valued at $13,588,000 after purchasing an additional 11,646 shares during the period. 64.25% of the stock is currently owned by institutional investors.

NIKE Price Performance

Shares of NKE stock opened at $44.74 on Monday. The stock's 50-day moving average is $52.99 and its 200 day moving average is $60.27. NIKE, Inc. has a 1-year low of $42.09 and a 1-year high of $80.17. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.14 and a quick ratio of 1.45. The company has a market cap of $66.25 billion, a P/E ratio of 29.63, a PEG ratio of 2.36 and a beta of 1.31.

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, topping 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 during the quarter, compared to the consensus estimate of $11.23 billion. During the same period in the previous year, the company posted $0.54 earnings per share. The firm's revenue was up .1% on a year-over-year basis. Research analysts predict that NIKE, Inc. will post 1.52 earnings per share for the current fiscal year.

NIKE Dividend Announcement

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

Analyst Ratings Changes

Several research analysts have commented on NKE shares. KeyCorp reduced their price objective on NIKE from $90.00 to $75.00 and set an "overweight" rating on the stock in a report on Thursday, January 22nd. China Renaissance lowered their target price on NIKE from $74.60 to $50.30 and set a "hold" rating for the company in a report on Thursday, April 2nd. HSBC downgraded NIKE from a "buy" rating to a "hold" rating and dropped their price target for the stock from $90.00 to $48.00 in a research report on Monday, April 13th. Wells Fargo & Company decreased their price objective on NIKE from $65.00 to $55.00 and set an "overweight" rating for the company in a report on Wednesday, April 1st. Finally, Stifel Nicolaus lowered their price objective on shares of NIKE from $65.00 to $56.00 and set a "hold" rating for the company in a research note on Wednesday, April 1st. Seventeen research analysts have rated the stock with a Buy rating, seventeen have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, NIKE presently has an average rating of "Hold" and a consensus price target of $62.34.

Trending Headlines about NIKE

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

Insider Activity

In other news, Director Robert Holmes Swan purchased 11,781 shares of the business's stock in a transaction on Tuesday, April 7th. The shares were acquired at an average cost of $42.44 per share, with a total value of $499,985.64. Following the completion of the acquisition, the director owned 55,074 shares of the company's stock, valued at $2,337,340.56. This trade represents a 27.21% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Elliott Hill purchased 23,660 shares of NIKE stock in a transaction dated Monday, April 13th. The shares were acquired at an average cost of $42.27 per share, for a total transaction of $1,000,108.20. Following the completion of the transaction, the chief executive officer owned 265,247 shares of the company's stock, valued at approximately $11,211,990.69. This represents a 9.79% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have purchased 64,441 shares of company stock valued at $2,734,204 in the last ninety days. 0.80% of the stock is currently owned by 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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