SevenBridge Financial Group LLC Sells 2,874 Shares of NIKE, Inc. (NYSE:NKE)

02 Apr 2025, 08:52 by Doug Wharley · The Cerbat Gem

SevenBridge Financial Group LLC lessened its holdings in NIKE, Inc. (NYSE:NKE – Free Report) by 14.8% during the 4th quarter, Holdings Channel.com reports. The firm owned 16,524 shares of the footwear maker’s stock after selling 2,874 shares during the period. SevenBridge Financial Group LLC’s holdings in NIKE were worth $1,179,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in NKE. Caitlin John LLC raised its position in NIKE by 117.0% in the fourth quarter. Caitlin John LLC now owns 371 shares of the footwear maker’s stock worth $28,000 after acquiring an additional 200 shares during the period. Heck Capital Advisors LLC bought a new position in NIKE in the 4th quarter worth $28,000. Roxbury Financial LLC purchased a new position in NIKE during the fourth quarter valued at $30,000. LFA Lugano Financial Advisors SA grew its holdings in NIKE by 110.5% during the fourth quarter. LFA Lugano Financial Advisors SA now owns 400 shares of the footwear maker’s stock valued at $30,000 after purchasing an additional 210 shares during the period. Finally, Hopwood Financial Services Inc. purchased a new stake in NIKE in the fourth quarter worth about $30,000. Hedge funds and other institutional investors own 64.25% of the company’s stock.

Analyst Ratings Changes

NKE has been the topic of a number of recent analyst reports. Piper Sandler upgraded shares of NIKE from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $72.00 to $90.00 in a research note on Friday, January 10th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of NIKE from $92.00 to $82.00 and set a “buy” rating on the stock in a research report on Monday, December 16th. Cfra Research raised shares of NIKE to a “moderate buy” rating in a report on Friday, March 21st. Royal Bank of Canada decreased their price target on NIKE from $67.00 to $66.00 and set a “sector perform” rating on the stock in a report on Friday, March 21st. Finally, DA Davidson upgraded NIKE to a “strong-buy” rating in a research report on Monday, December 23rd. Fifteen equities research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $87.38.

Read Our Latest Research Report on NIKE

Insider Activity at NIKE

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. 1.10% of the stock is currently owned by company insiders.

NIKE Stock Performance

NIKE stock opened at $64.78 on Wednesday. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.22 and a quick ratio of 1.51. The firm has a market capitalization of $95.81 billion, a P/E ratio of 19.99, a price-to-earnings-growth ratio of 2.52 and a beta of 1.02. NIKE, Inc. has a 1-year low of $62.65 and a 1-year high of $98.04. The company’s 50-day moving average is $73.84 and its 200 day moving average is $76.72.

NIKE (NYSE:NKE – Get Free Report) last issued its quarterly earnings results on Thursday, March 20th. The footwear maker reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.26. NIKE had a return on equity of 36.99% and a net margin of 9.98%. The firm had revenue of $11.27 billion for the quarter, compared to the consensus estimate of $11.02 billion. During the same period in the prior year, the business posted $0.98 earnings per share. The company’s revenue for the quarter was down 9.1% on a year-over-year basis. Research analysts forecast that NIKE, Inc. will post 2.05 EPS for the current year.

NIKE Announces Dividend

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

NIKE Company Profile

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