GAMMA Investing LLC Acquires 150 Shares of NIKE, Inc. (NYSE:NKE)

On January 4, 2025, it was reported that GAMMA Investing LLC has increased its investment in NIKE, Inc. (NYSE:NKE) by acquiring an additional 150 shares during the fourth quarter of the year. This slight increase brought their total shareholding to 15,014 shares, with a total value of approximately $1,136,000 as per their latest filing with the Securities and Exchange Commission.

Other significant investors have also made moves in the NIKE stock recently. For example, Teachers Insurance & Annuity Association of America initiated a new stake in NIKE during the third quarter, valued at about $30,000. Similarly, VitalStone Financial LLC expanded its stake in the company by 52.6%, purchasing an additional 150 shares, thus holding a total of 435 shares worth around $38,000.

Dunhill Financial LLC also increased its investment by 52.2% in the same quarter, acquiring 169 shares for a total of 493 shares valued at $44,000. Moreover, Riverview Trust Co and Catalyst Capital Advisors LLC both established new investments in NIKE in the third quarter, valued approximately at $52,000 and $54,000 respectively. Presently, 64.25% of NIKE’s shares are held by institutional investors and hedge funds.

Current NIKE Stock Performance

As of the latest trading session, shares of NIKE opened at $73.31, which showed a decrease of 0.5% from previous sessions. The stock has a fifty-day simple moving average of $77.02 and a 200-day simple moving average of $79.46. With a market capitalization of $109.92 billion, NIKE also shows a price-to-earnings (PE) ratio of 21.01 and a price-to-earnings-growth (PEG) ratio of 1.89. The stock has fluctuated between a year low of $70.75 and a high of $107.43. Moreover, its quick ratio stands at 1.58, while the current ratio is 2.36, and the debt-to-equity ratio is at 0.57.

Recent Earnings Results and Dividend Increase

NIKE recently reported its earnings for the quarter on December 19th. The company posted earnings per share (EPS) of $0.78, surpassing analysts’ expectations of $0.63 by $0.15. The net margin for the company was 10.60%, and it achieved a remarkable return on equity of 39.84%. The total revenue reported was $12.35 billion, which also exceeded the consensus estimate of $12.11 billion, though it represented a decline of 7.7% compared to the same quarter last year.

In addition, NIKE announced an increase in its quarterly dividend, which was paid on January 2nd. Shareholders as of December 2nd received $0.40 per share, marking an annualized dividend of $1.60 with a yield of 2.18%. This increase in dividend is up from the previous $0.37, with the company’s payout ratio currently at 49.38%.

Analyst Ratings and Insights

Several analysts have recently adjusted their price targets for NIKE stock. Morgan Stanley lowered their price target from $80.00 to $74.00, advising an “equal weight” rating. Evercore ISI also reduced their target from $105.00 to $97.00 while maintaining an “outperform” rating. Barclays set a price target of $70.00 with an “equal weight” rating after lowering it from $79.00. Meanwhile, DA Davidson upgraded their rating to “strong-buy.” Overall, market consensus reveals 15 analysts rated the stock as a hold, 15 as a buy, and one as a strong buy, leading to a “Moderate Buy” rating with an average target price of $89.58 according to MarketBeat data.

Insider Transactions

In insider trading news, Director John W. Rogers, Jr. made a noteworthy purchase of 2,500 shares of NIKE on December 27th at an average price of $76.65, totaling $191,625. After this acquisition, he now holds 34,403 shares valued at approximately $2.64 million, reflecting a 7.84% increase in his stake. Corporate insiders currently own about 1.10% of the company’s shares.

About NIKE, Inc.

NIKE, Inc., along with its subsidiaries, specializes in designing, developing, marketing, and selling a wide range of athletic footwear, apparel, equipment, and accessories on a global scale. Their product lines include athletic and casual footwear and apparel under the NIKE brand, as well as the Converse trademark, which features casual sneakers and apparel.

GAMMA, NIKE, Investment