Infusive Asset Management Inc. Boosts Holdings in NIKE, Inc. (NYSE:NKE)

18 Apr 2025, 10:12 by Teresa Graham · The Cerbat Gem

Infusive Asset Management Inc. raised its holdings in shares of NIKE, Inc. (NYSE:NKE – Free Report) by 143.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 104,171 shares of the footwear maker’s stock after acquiring an additional 61,351 shares during the quarter. NIKE comprises approximately 3.5% of Infusive Asset Management Inc.’s portfolio, making the stock its 10th biggest holding. Infusive Asset Management Inc.’s holdings in NIKE were worth $7,883,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. Tidal Investments LLC lifted its position in NIKE by 65.4% during the third quarter. Tidal Investments LLC now owns 105,571 shares of the footwear maker’s stock valued at $9,332,000 after purchasing an additional 41,752 shares during the last quarter. Denver PWM LLC raised its stake in shares of NIKE by 9.7% during the third quarter. Denver PWM LLC now owns 2,574 shares of the footwear maker’s stock worth $228,000 after acquiring an additional 227 shares in the last quarter. Confluence Investment Management LLC boosted its stake in shares of NIKE by 6.3% in the 4th quarter. Confluence Investment Management LLC now owns 246,080 shares of the footwear maker’s stock valued at $18,621,000 after purchasing an additional 14,592 shares in the last quarter. Cacti Asset Management LLC purchased a new position in NIKE in the 4th quarter worth $9,987,000. Finally, GAMMA Investing LLC lifted its stake in NIKE by 1.0% in the fourth quarter. GAMMA Investing LLC now owns 15,014 shares of the footwear maker’s stock worth $1,136,000 after purchasing an additional 150 shares during the last quarter. Hedge funds and other institutional investors own 64.25% of the company’s stock.

NIKE Stock Performance

NYSE:NKE opened at $55.73 on Friday. The stock’s 50 day simple moving average is $68.71 and its two-hundred day simple moving average is $74.09. NIKE, Inc. has a 1 year low of $52.28 and a 1 year high of $98.04. The company has a market cap of $82.44 billion, a price-to-earnings ratio of 17.20, a PEG ratio of 2.52 and a beta of 1.15. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.22 and a quick ratio of 1.51.

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

NIKE Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Monday, March 3rd were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 2.87%. The ex-dividend date of this dividend was Monday, March 3rd. NIKE’s dividend payout ratio (DPR) is 53.16%.

Insider Buying and Selling

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 sale, the chairman now directly 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Robert Holmes Swan acquired 8,600 shares of the stock in a transaction on Friday, April 4th. The stock was bought at an average cost of $58.46 per share, with a total value of $502,756.00. Following the completion of the transaction, the director now owns 31,983 shares in the company, valued at $1,869,726.18. This trade represents a 36.78 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.10% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research firms have recently weighed in on NKE. DA Davidson raised NIKE to a “strong-buy” rating in a research note on Monday, December 23rd. UBS Group dropped their price objective on NIKE from $73.00 to $66.00 and set a “neutral” rating for the company in a research note on Friday, March 21st. Bank of America lowered their price target on shares of NIKE from $95.00 to $90.00 and set a “buy” rating for the company in a report on Friday, December 20th. Dbs Bank raised shares of NIKE from a “hold” rating to a “strong-buy” rating in a report on Wednesday, March 5th. Finally, JPMorgan Chase & Co. cut their target price on NIKE from $73.00 to $64.00 and set a “neutral” rating on the stock in a research note on Friday, March 21st. Sixteen equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $85.15.

Read Our Latest Analysis on NIKE

About NIKE

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