Novem Group Purchases New Shares in NIKE, Inc. (NYSE:NKE)

23 May 2025, 11:20 by Scott Moore · The Cerbat Gem

Novem Group acquired a new position in NIKE, Inc. (NYSE:NKE – Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 5,369 shares of the footwear maker’s stock, valued at approximately $406,000.

A number of other large investors have also recently made changes to their positions in the business. Heck Capital Advisors LLC purchased a new stake in NIKE during the 4th quarter valued at $28,000. Caitlin John LLC increased its position in NIKE by 117.0% during the fourth quarter. Caitlin John LLC now owns 371 shares of the footwear maker’s stock valued at $28,000 after acquiring an additional 200 shares during the last quarter. Roxbury Financial LLC purchased a new stake in shares of NIKE in the fourth quarter valued at $30,000. LFA Lugano Financial Advisors SA lifted its holdings in shares of NIKE by 110.5% in the 4th quarter. LFA Lugano Financial Advisors SA now owns 400 shares of the footwear maker’s stock worth $30,000 after acquiring an additional 210 shares during the last quarter. Finally, Hopwood Financial Services Inc. purchased a new position in shares of NIKE during the 4th quarter worth about $30,000. 64.25% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have issued reports on NKE. Jefferies Financial Group raised shares of NIKE from a “hold” rating to a “buy” rating and raised their price objective for the stock from $75.00 to $115.00 in a research note on Monday, February 24th. Cfra Research raised NIKE to a “moderate buy” rating in a research note on Friday, March 21st. Bank of America cut their price objective on NIKE from $90.00 to $80.00 and set a “buy” rating on the stock in a research report on Friday, April 25th. Morgan Stanley reduced their target price on NIKE from $72.00 to $70.00 and set an “equal weight” rating on the stock in a research note on Friday, March 21st. Finally, Telsey Advisory Group lowered their target price on shares of 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 equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, NIKE presently has an average rating of “Moderate Buy” and an average target price of $80.26.

Check Out Our Latest Analysis on NIKE

NIKE Stock Performance

Shares of NIKE stock opened at $61.30 on Friday. The company has a market capitalization of $90.67 billion, a PE ratio of 18.92, a P/E/G ratio of 2.52 and a beta of 1.23. The company has a 50-day simple moving average of $60.15 and a two-hundred day simple moving average of $70.31. NIKE, Inc. has a one year low of $52.28 and a one year high of $98.04. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.51 and a current ratio of 2.22.

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

NIKE Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Monday, June 2nd will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.61%. The ex-dividend date is Monday, June 2nd. NIKE’s payout ratio is presently 53.16%.

Insider Activity

In other NIKE news, Director Robert Holmes Swan purchased 8,600 shares of the stock in a transaction on Friday, April 4th. The stock was acquired at an average price of $58.46 per share, with a total value of $502,756.00. Following the completion of the acquisition, the director now owns 31,983 shares in the company, valued at $1,869,726.18. The trade was a 36.78% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 1.10% of the company’s stock.

NIKE Profile

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