Intrepid Capital Management Inc. Acquires 3,159 Shares of NIKE, Inc. (NYSE:NKE)

02 Apr 2025, 10:06 by Doug Wharley · The Cerbat Gem

Intrepid Capital Management Inc. increased its holdings in NIKE, Inc. (NYSE:NKE – Free Report) by 87.7% in the fourth quarter, Holdings Channel.com reports. The firm owned 6,760 shares of the footwear maker’s stock after acquiring an additional 3,159 shares during the period. Intrepid Capital Management Inc.’s holdings in NIKE were worth $512,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Range Financial Group LLC bought a new position in shares of NIKE during the fourth quarter valued at about $642,000. Cacti Asset Management LLC bought a new position in NIKE during the 4th quarter worth approximately $9,987,000. Capricorn Fund Managers Ltd purchased a new position in NIKE in the 4th quarter worth approximately $5,384,000. Klein Pavlis & Peasley Financial Inc. lifted its position in NIKE by 31.1% in the fourth quarter. Klein Pavlis & Peasley Financial Inc. now owns 25,835 shares of the footwear maker’s stock valued at $1,955,000 after purchasing an additional 6,124 shares during the last quarter. Finally, FNY Investment Advisers LLC boosted its stake in shares of NIKE by 5,745.9% during the fourth quarter. FNY Investment Advisers LLC now owns 8,652 shares of the footwear maker’s stock valued at $654,000 after purchasing an additional 8,504 shares during the period. Institutional investors own 64.25% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on NKE. Morgan Stanley lowered 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. DA Davidson raised NIKE to a “strong-buy” rating in a report on Monday, December 23rd. Piper Sandler raised NIKE from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $72.00 to $90.00 in a research report on Friday, January 10th. Needham & Company LLC reduced their price target on shares of NIKE from $84.00 to $80.00 and set a “buy” rating for the company in a research note on Monday, March 17th. Finally, Citigroup downgraded shares of NIKE from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $102.00 to $72.00 in a research report on Friday, February 7th. Fifteen research analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $87.38.

Read Our Latest Analysis on NIKE

NIKE Stock Up 2.0 %

NIKE stock opened at $64.78 on Wednesday. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.51 and a current ratio of 2.22. The firm has a market capitalization of $95.81 billion, a price-to-earnings ratio of 19.99, a price-to-earnings-growth ratio of 2.52 and a beta of 1.02. The stock’s fifty day moving average is $73.84 and its two-hundred day moving average is $76.72. NIKE, Inc. has a fifty-two week low of $62.65 and a fifty-two week high of $98.04.

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

NIKE Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Monday, March 3rd were paid a dividend of $0.40 per share. The ex-dividend date was Monday, March 3rd. This represents a $1.60 annualized dividend and a dividend yield of 2.47%. NIKE’s dividend payout ratio is presently 53.16%.

Insider Transactions at NIKE

In other news, Chairman Mark G. Parker sold 169,732 shares of the business’s stock in a transaction 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 completion of the transaction, the chairman now owns 896,632 shares of the company’s stock, valued at approximately $65,301,708.56. The trade was 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 the SEC website. Corporate insiders own 1.10% of the company’s stock.

NIKE Profile

(Free Report)

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.