Sen. Shelley Moore Capito Sells Off Shares of NIKE, Inc. (NYSE:NKE)

Senator Shelley Moore Capito (R-West Virginia) recently sold shares of NIKE, Inc. NYSE: NKE. In a filing disclosed on May 07th, the Senator disclosed that they had sold between $1,001 and $15,000 in NIKE stock on April 10th.

Senator Shelley Moore Capito also recently made the following trade(s):

• Purchased $1,001 - $15,000 in shares of Alphabet NASDAQ: GOOGL on 4/29/2025.
• Sold $1,001 - $15,000 in shares of Target NYSE: TGT on 4/11/2025.
• Purchased $1,001 - $15,000 in shares of Meta Platforms NASDAQ: META on 3/26/2025.
• Purchased $1,001 - $15,000 in shares of Constellation Energy NASDAQ: CEG on 3/26/2025.
• Sold $1,001 - $15,000 in shares of Comcast NASDAQ: CMCSA on 2/24/2025.
• Sold $1,001 - $15,000 in shares of Abbott Laboratories NYSE: ABT on 2/24/2025.
• Sold $1,001 - $15,000 in shares of Accenture NYSE: ACN on 2/24/2025.

NIKE Trading Down 1.0 %

NYSE:NKE traded down $0.56 during trading hours on Friday, hitting $58.35. 13,927,237 shares of the company were exchanged, compared to its average volume of 14,709,636. NIKE, Inc. has a one year low of $52.28 and a one year high of $98.04. The company has a current ratio of 2.22, a quick ratio of 1.51 and a debt-to-equity ratio of 0.57. The stock has a market capitalization of $86.31 billion, a price-to-earnings ratio of 18.01, a price-to-earnings-growth ratio of 2.52 and a beta of 1.23. The company has a fifty day simple moving average of $62.52 and a 200 day simple moving average of $71.25.

NIKE (NYSE:NKE - Get Free Report) last released its earnings results on Thursday, March 20th. The footwear maker reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.26. NIKE had a net margin of 9.98% and a return on equity of 36.99%. The business had revenue of $11.27 billion for the quarter, compared to analyst estimates of $11.02 billion. During the same quarter in the previous year, the business earned $0.98 earnings per share. NIKE's revenue for the quarter was down 9.1% on a year-over-year basis. Sell-side analysts expect that NIKE, Inc. will post 2.05 EPS for the current fiscal year.

NIKE Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Monday, June 2nd will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.74%. The ex-dividend date of this dividend is Monday, June 2nd. NIKE's payout ratio is 53.16%.

Institutional Trading of NIKE

Institutional investors have recently added to or reduced their stakes in the business. Doliver Advisors LP purchased a new position in shares of NIKE during the fourth quarter valued at approximately $252,000. Range Financial Group LLC purchased a new stake in shares of NIKE in the 4th quarter worth approximately $642,000. International Assets Investment Management LLC bought a new position in shares of NIKE during the fourth quarter valued at $512,000. Watts Gwilliam & Co. LLC purchased a new position in NIKE in the fourth quarter worth about $326,000. Finally, Fortitude Family Office LLC lifted its position in NIKE by 6.1% in the 4th quarter. Fortitude Family Office LLC now owns 2,988 shares of the footwear maker's stock valued at $226,000 after acquiring an additional 171 shares in the last quarter. 64.25% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. Robert W. Baird decreased their price target on shares of NIKE from $105.00 to $99.00 and set an "outperform" rating for the company in a research note on Friday, March 21st. Williams Trading reduced their target price on shares of NIKE from $93.00 to $73.00 and set a "buy" rating for the company in a research note on Monday, April 21st. Morgan Stanley decreased their price target on NIKE from $72.00 to $70.00 and set an "equal weight" rating for the company in a research report on Friday, March 21st. JPMorgan Chase & Co. lowered their price objective on shares of NIKE from $64.00 to $56.00 and set a "neutral" rating on the stock in a research report on Monday, May 5th. Finally, Telsey Advisory Group cut their price target on NIKE from $80.00 to $70.00 and set a "market perform" rating for the company in a research note on Tuesday, May 6th. Seventeen research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $80.48.

Insider Activity

In other news, Chairman Mark G. Parker sold 169,732 shares of the firm's stock in a transaction on Friday, February 14th. The stock was sold at an average price of $72.83, for a total value of $12,361,581.56. Following the transaction, the chairman now directly owns 896,632 shares in the company, valued at $65,301,708.56. This trade represents a 15.92 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Robert Holmes Swan purchased 8,600 shares of NIKE stock in a transaction dated Friday, April 4th. The shares were acquired at an average cost of $58.46 per share, with a total value of $502,756.00. Following the transaction, the director now directly owns 31,983 shares in the company, valued at approximately $1,869,726.18. The trade was a 36.78 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 1.10% of the company's stock.

About Senator Capito

Shelley Moore Capito (Republican Party) is a member of the U.S. Senate from West Virginia. She assumed office on January 3, 2015. Her current term ends on January 3, 2027. Capito (Republican Party) ran for re-election to the U.S. Senate to represent West Virginia. She won in the general election on November 3, 2020. Capito was first elected to the Senate in 2014, becoming the first female U.S. Senator in the state's history. Prior to serving in the Senate, Capito was a member of the West Virginia House of Representatives from 1997 to 2001 and a member of the United States House of Representatives from 2001 to 2015. At the start of the 116th Congress, Capito was a member of the U.S. Senate committees on Appropriations, Commerce, Science, and Transportation, Environment and Public Works, and Rules and Administration. As of a 2014 analysis of multiple outside rankings, Capito is a more moderate right of center Republican Party vote. As a result, she may break with the Republican Party line more than her fellow members. Capito earned her bachelor's degree from Duke University. After earning her M.Ed. from the University of Virginia, Capito was a college counselor and then director of an educational information center. She was the only Republican in the West Virginia congressional delegation until the 2010 elections and is the first Republican woman elected to Congress from West Virginia. Capito is a former chairwoman of the Congressional Caucus for Women's Issues, as well as a member of the Congressional Arts Caucus. After an explosion responsible for the death of 29 coal workers, Capito founded the Congressional Coal Caucus. Prior to her election to the U.S. House, Capito served in the West Virginia House of Delegates.

NIKE Company Profile

NIKE, Inc, together with its subsidiaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, accessories, and services worldwide. The company provides athletic and casual footwear, apparel, and accessories under the Jumpman trademark; and casual sneakers, apparel, and accessories under the Converse, Chuck Taylor, All Star, One Star, Star Chevron, and Jack Purcell trademarks.