Kovitz Investment Group Partners LLC Has $4.31 Million Position in NIKE, Inc. (NYSE:NKE)

28 Apr 2025, 06:22 by Scott Moore · The Cerbat Gem

Kovitz Investment Group Partners LLC lowered its stake in NIKE, Inc. (NYSE:NKE – Free Report) by 39.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 56,988 shares of the footwear maker’s stock after selling 37,887 shares during the period. Kovitz Investment Group Partners LLC’s holdings in NIKE were worth $4,312,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Tidal Investments LLC grew its holdings in NIKE by 65.4% during the 3rd quarter. Tidal Investments LLC now owns 105,571 shares of the footwear maker’s stock worth $9,332,000 after acquiring an additional 41,752 shares during the period. Denver PWM LLC grew its holdings in NIKE by 9.7% during the 3rd quarter. Denver PWM LLC now owns 2,574 shares of the footwear maker’s stock worth $228,000 after acquiring an additional 227 shares during the period. Confluence Investment Management LLC grew its holdings in NIKE by 6.3% during the 4th quarter. Confluence Investment Management LLC now owns 246,080 shares of the footwear maker’s stock worth $18,621,000 after acquiring an additional 14,592 shares during the period. Cacti Asset Management LLC acquired a new stake in NIKE during the 4th quarter worth $9,987,000. Finally, GAMMA Investing LLC grew its holdings in NIKE by 1.0% during the 4th quarter. GAMMA Investing LLC now owns 15,014 shares of the footwear maker’s stock worth $1,136,000 after acquiring an additional 150 shares during the period. Institutional investors and hedge funds own 64.25% of the company’s stock.

Insider Buying and Selling at NIKE

In other news, Director Robert Holmes Swan acquired 8,600 shares of the business’s stock in a transaction dated Friday, April 4th. The stock was bought at an average cost of $58.46 per share, for a total transaction of $502,756.00. Following the completion of the transaction, the director now owns 31,983 shares of the company’s stock, valued at $1,869,726.18. The trade was a 36.78 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Mark G. Parker sold 169,732 shares of the company’s stock in a transaction on Friday, February 14th. The stock was 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 directly owns 896,632 shares in the company, valued at approximately $65,301,708.56. The trade was a 15.92 % decrease in their position. The disclosure for this sale can be found here. 1.10% of the stock is owned by corporate insiders.

NIKE Stock Down 1.4 %

Shares of NYSE NKE opened at $57.66 on Monday. 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, Inc. has a 1 year low of $52.28 and a 1 year high of $98.04. The stock has a market capitalization of $85.29 billion, a P/E ratio of 17.80, a P/E/G ratio of 2.52 and a beta of 1.15. The company has a 50-day moving average price of $66.75 and a 200-day moving average price of $72.88.

NIKE (NYSE:NKE – Get Free Report) last posted 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. 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 the consensus estimate of $11.02 billion. During the same period in the previous year, the firm earned $0.98 EPS. The business’s revenue for the quarter was down 9.1% compared to the same quarter last year. On average, equities research analysts forecast that NIKE, Inc. will post 2.05 EPS for the current fiscal year.

NIKE Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Monday, March 3rd were paid a $0.40 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.60 annualized dividend and a yield of 2.77%. NIKE’s payout ratio is 53.16%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on the stock. Guggenheim reissued a “buy” rating and set a $110.00 price target on shares of NIKE in a research report on Wednesday, February 12th. BMO Capital Markets reduced their price target on shares of NIKE from $95.00 to $92.00 and set an “outperform” rating on the stock in a research report on Friday, March 21st. Telsey Advisory Group reissued a “market perform” rating and set a $80.00 price target on shares of NIKE in a research report on Monday, March 17th. JPMorgan Chase & Co. reduced their price target on shares of NIKE from $73.00 to $64.00 and set a “neutral” rating on the stock in a research report on Friday, March 21st. Finally, Cfra Research raised shares of NIKE to a “moderate buy” rating in a research report on Friday, March 21st. Sixteen equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $82.81.

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