Apella Capital LLC Buys 1,420 Shares of NIKE, Inc. (NYSE:NKE)

06 Jun 2025, 09:26 by Doug Wharley · The Cerbat Gem

Apella Capital LLC lifted its stake in shares of NIKE, Inc. (NYSE:NKE – Free Report) by 47.8% in the first quarter, HoldingsChannel reports. The fund owned 4,390 shares of the footwear maker’s stock after acquiring an additional 1,420 shares during the period. Apella Capital LLC’s holdings in NIKE were worth $260,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Brighton Jones LLC boosted its stake in NIKE by 388.5% in the 4th quarter. Brighton Jones LLC now owns 202,411 shares of the footwear maker’s stock worth $15,316,000 after purchasing an additional 160,980 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its stake in NIKE by 18.0% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 203,032 shares of the footwear maker’s stock worth $15,339,000 after purchasing an additional 30,958 shares during the period. Confluence Wealth Services Inc. boosted its stake in NIKE by 24.7% in the 4th quarter. Confluence Wealth Services Inc. now owns 14,414 shares of the footwear maker’s stock worth $1,071,000 after purchasing an additional 2,851 shares during the period. Money Concepts Capital Corp boosted its stake in NIKE by 49.3% in the 4th quarter. Money Concepts Capital Corp now owns 15,340 shares of the footwear maker’s stock worth $1,161,000 after purchasing an additional 5,068 shares during the period. Finally, Absher Wealth Management LLC boosted its stake in NIKE by 1.3% in the 4th quarter. Absher Wealth Management LLC now owns 392,020 shares of the footwear maker’s stock worth $29,664,000 after purchasing an additional 5,167 shares during the period. 64.25% of the stock is currently owned by institutional investors.

Insider Buying and Selling at NIKE

In other NIKE news, Director Robert Holmes Swan acquired 8,600 shares of the business’s stock in a transaction on Friday, April 4th. The shares were bought at an average price of $58.46 per share, with a total value of $502,756.00. Following the transaction, the director now directly owns 31,983 shares of the company’s stock, valued at $1,869,726.18. The trade was a 36.78% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. 1.10% of the stock is currently owned by corporate insiders.

NIKE Stock Performance

Shares of NIKE stock opened at $62.64 on Friday. The stock’s fifty day moving average is $58.90 and its two-hundred day moving average is $69.30. The company has a market capitalization of $92.65 billion, a PE ratio of 19.33, a price-to-earnings-growth ratio of 2.52 and a beta of 1.23. The company has a quick ratio of 1.51, a current ratio of 2.22 and a debt-to-equity ratio of 0.57. NIKE, Inc. has a 52 week low of $52.28 and a 52 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 the consensus estimate of $0.28 by $0.26. The company had revenue of $11.27 billion for 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%. NIKE’s quarterly revenue was down 9.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.98 EPS. As a group, analysts expect that NIKE, Inc. will post 2.05 earnings per share for the current year.

NIKE Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Monday, June 2nd will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 2.55%. The ex-dividend date is Monday, June 2nd. NIKE’s dividend payout ratio (DPR) is presently 53.16%.

Wall Street Analyst Weigh In

Several research firms have weighed in on NKE. China Renaissance began coverage on NIKE in a research note on Wednesday, March 19th. They issued a “hold” rating for the company. Truist Financial decreased their price objective on NIKE from $90.00 to $82.00 and set a “buy” rating on the stock in a report on Friday, March 21st. Piper Sandler decreased their price objective on NIKE from $90.00 to $70.00 and set an “overweight” rating on the stock in a report on Friday, April 11th. Robert W. Baird decreased their price objective on NIKE from $105.00 to $99.00 and set an “outperform” rating on the stock in a report on Friday, March 21st. Finally, Telsey Advisory Group decreased their price objective on NIKE from $80.00 to $70.00 and set a “market perform” rating on the stock in a report on Tuesday, May 6th. Seventeen investment 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 stock. Based on data from MarketBeat, NIKE currently has a consensus rating of “Moderate Buy” and a consensus target price of $80.26.

Check Out Our Latest Stock Analysis on NIKE

NIKE Company 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.