Camden National Bank Sells 1,608 Shares of NIKE, Inc. (NYSE:NKE)

08 Mar 2025, 14:36 by Jessica Moore · The Cerbat Gem

Camden National Bank decreased its holdings in NIKE, Inc. (NYSE:NKE – Free Report) by 1.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 85,226 shares of the footwear maker’s stock after selling 1,608 shares during the quarter. Camden National Bank’s holdings in NIKE were worth $6,449,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. M&G PLC raised its stake in shares of NIKE by 0.9% in the third quarter. M&G PLC now owns 35,768 shares of the footwear maker’s stock worth $3,148,000 after buying an additional 305 shares during the period. Western Pacific Wealth Management LP increased its holdings in NIKE by 0.3% in the 3rd quarter. Western Pacific Wealth Management LP now owns 609,238 shares of the footwear maker’s stock worth $53,857,000 after acquiring an additional 2,012 shares in the last quarter. Mainstream Capital Management LLC bought a new stake in NIKE during the 3rd quarter worth approximately $749,000. Confluence Investment Management LLC lifted its holdings in NIKE by 1.1% during the third quarter. Confluence Investment Management LLC now owns 231,488 shares of the footwear maker’s stock valued at $20,464,000 after purchasing an additional 2,516 shares in the last quarter. Finally, Sittner & Nelson LLC boosted its position in shares of NIKE by 7.6% in the third quarter. Sittner & Nelson LLC now owns 28,430 shares of the footwear maker’s stock worth $2,513,000 after purchasing an additional 2,013 shares during the period. 64.25% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on NKE. Robert W. Baird decreased their price objective on shares of NIKE from $110.00 to $105.00 and set an “outperform” rating on the stock in a research report on Monday, December 23rd. TD Cowen cut their target price on NIKE from $78.00 to $73.00 and set a “hold” rating for the company in a research report on Monday, November 18th. DA Davidson raised NIKE to a “strong-buy” rating in a report on Monday, December 23rd. Bank of America reduced their price objective on shares of NIKE from $95.00 to $90.00 and set a “buy” rating on the stock in a research report on Friday, December 20th. Finally, Telsey Advisory Group restated a “market perform” rating and set a $80.00 target price on shares of NIKE in a research report on Wednesday, February 19th. Fourteen analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, NIKE currently has an average rating of “Moderate Buy” and an average price target of $89.77.

View Our Latest Research Report on NKE

Insider Activity

In other news, Chairman Mark G. Parker sold 169,732 shares of the firm’s stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $72.83, for a total transaction of $12,361,581.56. Following the transaction, the chairman now directly owns 896,632 shares of the company’s stock, valued at approximately $65,301,708.56. This trade represents a 15.92 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director John W. Rogers, Jr. purchased 2,500 shares of the firm’s stock in a transaction dated Friday, December 27th. The shares were bought at an average cost of $76.65 per share, with a total value of $191,625.00. Following the purchase, the director now directly owns 34,403 shares of the company’s stock, valued at approximately $2,636,989.95. This represents a 7.84 % increase in their position. The disclosure for this purchase can be found here. Insiders own 1.10% of the company’s stock.

NIKE Trading Up 1.3 %

Shares of NKE opened at $78.68 on Friday. The company’s fifty day simple moving average is $74.76 and its 200-day simple moving average is $78.21. The company has a market cap of $116.38 billion, a P/E ratio of 24.28, a P/E/G ratio of 2.52 and a beta of 1.02. The company has a current ratio of 2.22, a quick ratio of 1.51 and a debt-to-equity ratio of 0.57. NIKE, Inc. has a twelve month low of $68.62 and a twelve month high of $102.49.

NIKE (NYSE:NKE – Get Free Report) last announced its quarterly earnings data on Thursday, December 19th. The footwear maker reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.15. NIKE had a net margin of 9.98% and a return on equity of 36.99%. The business had revenue of $12.35 billion during the quarter, compared to the consensus estimate of $12.11 billion. During the same quarter last year, the firm earned $1.03 earnings per share. The firm’s quarterly revenue was down 7.7% compared to the same quarter last year. As a group, analysts expect that NIKE, Inc. will post 2.05 EPS for the current year.

NIKE Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Monday, March 3rd will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Monday, March 3rd. This represents a $1.60 annualized dividend and a dividend yield of 2.03%. NIKE’s dividend payout ratio (DPR) is 49.38%.

NIKE Company Profile

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