Brookstone Capital Management Has $11.58 Million Stock Position in NIKE, Inc. $NKE

Brookstone Capital Management increased its holdings in shares of NIKE, Inc. (NYSE:NKE) by 12.2% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 181,695 shares of the footwear maker’s stock after purchasing an additional 19,699 shares during the period. Brookstone Capital Management’s holdings in NIKE were worth $11,576,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of NKE. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its stake in shares of NIKE by 3,129.9% during the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 9,091,426 shares of the footwear maker’s stock worth $645,855,000 after acquiring an additional 8,809,950 shares during the period. Harris Associates L P bought a new stake in NIKE in the 2nd quarter valued at $621,525,000. Invesco Ltd. raised its stake in NIKE by 66.1% in the 2nd quarter. Invesco Ltd. now owns 12,157,198 shares of the footwear maker’s stock valued at $863,647,000 after acquiring an additional 4,840,114 shares during the period. Jennison Associates LLC lifted its holdings in NIKE by 42.3% during the 3rd quarter. Jennison Associates LLC now owns 11,838,528 shares of the footwear maker’s stock valued at $825,501,000 after purchasing an additional 3,518,666 shares during the last quarter. Finally, Ameriprise Financial Inc. lifted its holdings in NIKE by 129.4% during the 2nd quarter. Ameriprise Financial Inc. now owns 5,849,636 shares of the footwear maker’s stock valued at $411,951,000 after purchasing an additional 3,299,155 shares during the last quarter. Institutional investors and hedge funds own 64.25% of the company’s stock.

NIKE Stock Up 3.1%

NKE opened at $52.83 on Wednesday. The stock has a fifty day moving average of $59.68 and a 200-day moving average of $63.66. The company has a market capitalization of $78.21 billion, a P/E ratio of 31.08, a P/E/G ratio of 2.69 and a beta of 1.27. NIKE, Inc. has a fifty-two week low of $50.95 and a fifty-two week high of $80.17. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.40 and a current ratio of 2.06.

NIKE (NYSE:NKE) last released its quarterly earnings results on Tuesday, March 31st. The footwear maker reported $0.35 EPS for the quarter, topping analysts’ consensus estimates of $0.32 by $0.03. NIKE had a net margin of 5.43% and a return on equity of 18.43%. The business had revenue of $11.28 billion for the quarter, compared to analyst estimates of $11.23 billion. During the same period last year, the firm earned $0.54 earnings per share. NIKE’s revenue for the quarter was up .1% compared to the same quarter last year. On average, equities analysts expect that NIKE, Inc. will post 2.05 EPS for the current year.

NIKE Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Monday, March 2nd will be issued a dividend of $0.41 per share. The ex-dividend date of this dividend is Monday, March 2nd. This represents a $1.64 annualized dividend and a dividend yield of 3.1%. NIKE’s dividend payout ratio (DPR) is currently 96.47%.

Analyst Upgrades and Downgrades

Several equities analysts have commented on NKE shares. Robert W. Baird decreased their price objective on shares of NIKE from $93.00 to $85.00 and set an “outperform” rating on the stock in a report on Friday, December 19th. Truist Financial set a $69.00 target price on shares of NIKE in a report on Wednesday, January 14th. Piper Sandler set a $75.00 price target on shares of NIKE and gave the company an “overweight” rating in a research note on Friday, December 19th. Weiss Ratings raised shares of NIKE from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, January 12th. Finally, DZ Bank restated a “buy” rating on shares of NIKE in a research report on Friday, December 19th. Twenty-two analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, NIKE has a consensus rating of “Moderate Buy” and an average price target of $73.20.

NIKE News Roundup

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: Q3 beat on top and bottom lines — Nike reported revenue ~ $11.3B and EPS that beat consensus, with management citing better discount control and product launches that helped sales outperform expectations, supporting near-term confidence in the turnaround. Nike third-quarter sales beat estimates
• Positive Sentiment: Analyst and shop-floor endorsement — Several analysts and boutiques highlighted product innovation and progress on the “Win Now” initiatives, and some firms reaffirmed bullish views, giving the stock support after the print. Telsey Advisory: Product innovation key to return to growth
• Neutral Sentiment: Options and positioning amplified moves — Pre-earnings options flow showed upside-heavy positioning into the release, which can magnify intraday moves as traders adjust exposures after the print. Nike options chain shows upside-heavy positioning into earnings
• Neutral Sentiment: Macro/trade flows supporting a bounce — Some broader market buying into quarter-end and hopes around geopolitical stability boosted risk appetite, helping cyclical names like Nike. Month of March Goes Out Like a Bull
• Negative Sentiment: China remains a clear headwind — Management and reporting highlighted continued weak demand and execution issues in China, which pressured profit and investor confidence given China’s outsized long-term importance. Nike Third-Quarter Profit Declines as Weak Demand in China Drags On
• Negative Sentiment: Margin and cash-flow pressures noted — Reports and filings show gross-profit and operating-profit declines y/y, tariff-related margin pressure and weaker operating cash flow versus prior years, which leave longer-term improvement questions unanswered for some investors. Nike’s China stumble exposes execution gaps

NIKE Company Profile

Nike, Inc (NYSE: NKE) is a global designer, marketer and distributor of athletic footwear, apparel, equipment and accessories. Founded in 1964 as Blue Ribbon Sports by Phil Knight and Bill Bowerman and renamed Nike in 1971, the company is headquartered near Beaverton, Oregon. Nike develops and commercializes products across performance and lifestyle categories for sports including running, basketball, soccer and training, and is known for signature technologies and design-driven product lines.

The company markets products under several primary brands, including Nike, Jordan and Converse, and sells through a combination of wholesale relationships, branded retail stores and direct-to-consumer channels such as company-operated stores and digital platforms (e.g., Nike.com and mobile apps).