Key Points
- NIKE Director Timothy D. Cook purchased 50,000 shares at an average price of $58.97 (~$2.95M), boosting his stake to 105,480 shares; the purchase was disclosed in an SEC Form 4.
- NIKE beat quarterly EPS estimates ($0.53 vs. $0.37) but reported only 0.6% revenue growth and faced China weakness and disappointing guidance, which pressured the stock and drew mixed analyst reactions including downgrades.
- The company raised its quarterly dividend to $0.41 (annualized $1.64, ~2.9% yield), though its dividend payout ratio is high at ~96%; NIKE trades at a P/E of about 33.7 with a market cap near $84.8B.
NIKE, Inc. (NYSE:NKE - Get Free Report) Director Robert Holmes Swan acquired 8,691 shares of the business's stock in a transaction that occurred on Monday, December 22nd. The stock was acquired at an average price of $57.54 per share, for a total transaction of $500,080.14. Following the completion of the acquisition, the director directly owned 43,293 shares of the company's stock, valued at $2,491,079.22. This trade represents a 25.12% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link.
NIKE Price Performance
NKE opened at $57.35 on Wednesday. The company has a fifty day moving average price of $64.64 and a two-hundred day moving average price of $69.41. The firm has a market capitalization of $84.77 billion, a PE ratio of 33.73, a P/E/G ratio of 2.41 and a beta of 1.29. NIKE, Inc. has a 52 week low of $52.28 and a 52 week high of $82.44. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.40 and a current ratio of 2.06.
NIKE (NYSE:NKE - Get Free Report) last posted its quarterly earnings results on Thursday, December 18th. The footwear maker reported $0.53 earnings per share for the quarter, beating analysts' consensus estimates of $0.37 by $0.16. NIKE had a return on equity of 18.43% and a net margin of 5.43%.The company had revenue of $12.43 billion for the quarter, compared to the consensus estimate of $12.19 billion. During the same quarter in the prior year, the business posted $0.78 EPS. The firm's quarterly revenue was up .6% on a year-over-year basis. As a group, analysts anticipate that NIKE, Inc. will post 2.05 earnings per share for the current year.
NIKE Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, January 2nd. Shareholders of record on Monday, December 1st will be issued a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 2.9%. This is an increase from NIKE's previous quarterly dividend of $0.40. The ex-dividend date is Monday, December 1st. NIKE's dividend payout ratio (DPR) is 96.47%.
More NIKE News
Here are the key news stories impacting NIKE this week:
- Positive Sentiment: Large insider buys signal confidence — Director Timothy D. Cook purchased 50,000 shares (~$2.95M) and Director Robert Holmes Swan bought 8,691 shares (~$500k), increasing their ownership materially; insider accumulation often supports near‑term investor sentiment. Timothy D. Cook Form 4 Robert Holmes Swan Form 4
- Positive Sentiment: Jim Cramer reiterated a bullish view on a turnaround timeline and upside potential (including commentary that NKE could reach $100 under the right recovery), which can influence retail flows and sentiment. Jim Cramer: Nike comeback Cramer: stock could go to 100
- Neutral Sentiment: Recent analyst writeups summarize mixed fundamentals and competitor context — useful for background but not decisive by themselves. Globe and Mail: analysts on Nike & Carnival Globe and Mail: analysts on Nike & Domino's
- Negative Sentiment: Analyst downgrade to Sell highlights structural concerns: Seeking Alpha points to unsustainable dividends, margin compression, overvaluation, a 32% drop in net income, and a 17% decline in China sales — these raise risks to near‑term earnings and valuation. Seeking Alpha: downgrade to sell
- Negative Sentiment: Post‑earnings weakness driven by China weakness and disappointing Q3 guidance pushed shares below technical support; several writeups explain the recent selloff and debate whether the share drop is a buying opportunity. Barchart: earnings disappointment/technical break Forbes: why NKE is falling
Wall Street Analysts Forecast Growth
A number of analysts recently weighed in on the stock. Oppenheimer reiterated an "outperform" rating on shares of NIKE in a research report on Wednesday, December 17th. Barclays set a $64.00 target price on shares of NIKE and gave the company an "equal weight" rating in a research note on Friday. Telsey Advisory Group reduced their price target on shares of NIKE from $75.00 to $72.00 and set a "market perform" rating on the stock in a research report on Friday, December 19th. TD Cowen raised shares of NIKE from a "hold" rating to a "buy" rating and boosted their price target for the company from $62.00 to $85.00 in a report on Wednesday, September 10th. Finally, Weiss Ratings reaffirmed a "hold (c-)" rating on shares of NIKE in a research note on Monday. Two investment analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and ten have given a Hold rating to the company's stock. According to MarketBeat.com, NIKE currently has an average rating of "Moderate Buy" and a consensus target price of $78.14.
Check Out Our Latest Stock Analysis on NKE
Institutional Trading of NIKE
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Mascoma Wealth Management LLC bought a new position in NIKE in the second quarter valued at $26,000. Halbert Hargrove Global Advisors LLC lifted its position in NIKE by 952.6% during the 2nd quarter. Halbert Hargrove Global Advisors LLC now owns 400 shares of the footwear maker's stock worth $28,000 after buying an additional 362 shares in the last quarter. Saudi Central Bank acquired a new position in shares of NIKE during the 1st quarter worth about $30,000. Matrix Trust Co grew its holdings in shares of NIKE by 53.1% in the 2nd quarter. Matrix Trust Co now owns 441 shares of the footwear maker's stock valued at $31,000 after acquiring an additional 153 shares in the last quarter. Finally, Twin Peaks Wealth Advisors LLC bought a new position in shares of NIKE in the 2nd quarter valued at about $31,000. 64.25% of the stock is currently owned by institutional investors and hedge funds.
NIKE Company Profile
(
Get Free Report)
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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