Rep. Marjorie Taylor Greene Purchases Shares of NIKE, Inc. (NYSE:NKE)

Representative Marjorie Taylor Greene (R-Georgia) recently bought shares of NIKE, Inc. NYSE: NKE. In a filing disclosed on April 07th, the Representative disclosed that they had bought between $1,001 and $15,000 in NIKE stock on April 4th.

Representative Marjorie Taylor Greene also recently made the following trade(s):

• Purchased $1,001 - $15,000 in shares of Norfolk Southern NYSE: NSC on 4/4/2025.
• Purchased $1,001 - $15,000 in shares of Old Dominion Freight Line NASDAQ: ODFL on 4/4/2025.
• Purchased $1,001 - $15,000 in shares of Dell Technologies NYSE: DELL on 4/4/2025.
• Purchased $1,001 - $15,000 in shares of FedEx NYSE: FDX on 4/4/2025.
• Purchased $1,001 - $15,000 in shares of Berkshire Hathaway NYSE: BRK.B on 4/4/2025.
• Purchased $1,001 - $15,000 in shares of Caterpillar NYSE: CAT on 4/4/2025.
• Purchased $1,001 - $15,000 in shares of Amazon.com NASDAQ: AMZN on 4/4/2025.
• Purchased $1,001 - $15,000 in shares of QUALCOMM NASDAQ: QCOM on 4/4/2025.
• Purchased $1,001 - $15,000 in shares of Lam Research NASDAQ: LRCX on 4/4/2025.
• Purchased $1,001 - $15,000 in shares of Lululemon Athletica NASDAQ: LULU on 4/4/2025.

NIKE Price Performance

Shares of NIKE stock traded up $0.04 during trading hours on Friday, hitting $54.44. The company's stock had a trading volume of 22,585,735 shares, compared to its average volume of 14,024,007. The company has a market cap of $80.52 billion, a PE ratio of 16.80, a PEG ratio of 2.52 and a beta of 1.15. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.51 and a current ratio of 2.22. The business has a 50 day moving average price of $70.03 and a two-hundred day moving average price of $74.93. NIKE, Inc. has a 12-month low of $52.28 and a 12-month high of $98.04.

NIKE (NYSE:NKE - Get Free Report) last posted its quarterly earnings results on Thursday, March 20th. The footwear maker reported $0.54 EPS for the quarter, topping analysts' consensus estimates of $0.28 by $0.26. NIKE had a return on equity of 36.99% and a net margin of 9.98%. The company had revenue of $11.27 billion for the quarter, compared to analysts' expectations of $11.02 billion. During the same period in the previous year, the firm earned $0.98 EPS. The firm's revenue was down 9.1% compared to the same quarter last year. Analysts expect that NIKE, Inc. will post 2.05 earnings per share for the current fiscal year.

NIKE Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders 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 dividend on an annualized basis and a yield of 2.94%. NIKE's payout ratio is presently 53.16%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on NKE. Bank of America dropped their target price on shares of NIKE from $95.00 to $90.00 and set a "buy" rating for the company in a research report on Friday, December 20th. Truist Financial dropped their price objective on shares of NIKE from $90.00 to $82.00 and set a "buy" rating for the company in a report on Friday, March 21st. Citigroup cut NIKE from a "buy" rating to a "neutral" rating and reduced their target price for the stock from $102.00 to $72.00 in a report on Friday, February 7th. Needham & Company LLC decreased their target price on NIKE from $84.00 to $80.00 and set a "buy" rating on the stock in a research report on Monday, March 17th. Finally, DA Davidson upgraded NIKE to a "strong-buy" rating in a report on Monday, December 23rd. Fifteen investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $86.19.

Insiders Place Their Bets

In related news, Director Robert Holmes Swan acquired 8,600 shares of the firm's stock in a transaction that occurred on Friday, April 4th. The stock was purchased at an average cost 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. This trade represents a 36.78 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Chairman Mark G. Parker sold 169,732 shares of the business's stock in a transaction that occurred 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 sale, the chairman now directly owns 896,632 shares in the company, valued at approximately $65,301,708.56. This represents a 15.92 % decrease in their position. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of NKE. Persium Advisors LLC lifted its holdings in shares of NIKE by 32.7% in the 1st quarter. Persium Advisors LLC now owns 6,889 shares of the footwear maker's stock worth $437,000 after buying an additional 1,698 shares during the period. Gateway Investment Advisers LLC increased its holdings in NIKE by 1.4% during the first quarter. Gateway Investment Advisers LLC now owns 17,738 shares of the footwear maker's stock valued at $1,126,000 after buying an additional 246 shares during the period. City State Bank raised its position in shares of NIKE by 26.2% in the 1st quarter. City State Bank now owns 4,822 shares of the footwear maker's stock worth $306,000 after acquiring an additional 1,000 shares in the last quarter. Chemistry Wealth Management LLC boosted its position in NIKE by 2.7% during the first quarter. Chemistry Wealth Management LLC now owns 40,756 shares of the footwear maker's stock valued at $2,587,000 after purchasing an additional 1,064 shares in the last quarter. Finally, Pines Wealth Management LLC boosted its position in NIKE by 60.2% during the first quarter. Pines Wealth Management LLC now owns 5,330 shares of the footwear maker's stock valued at $338,000 after purchasing an additional 2,003 shares in the last quarter. Institutional investors own 64.25% of the company's stock.

About Representative Greene

Marjorie Taylor Greene (Republican Party) is a member of the U.S. House, representing Georgia's 14th Congressional District. She assumed office on January 3, 2021. Her current term ends on January 3, 2027. Greene (Republican Party) is running for re-election to the U.S. House to represent Georgia's 14th Congressional District. She declared candidacy for the 2026 election.

NIKE Company Profile

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.