Rep. Marjorie Taylor Greene Buys 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 11th, the Representative disclosed that they had bought between $1,001 and $15,000 in NIKE stock on April 8th.

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

• Purchased $1,001 - $15,000 in shares of Apple NASDAQ: AAPL on 4/9/2025.
• Purchased $1,001 - $15,000 in shares of Cummins NYSE: CMI on 4/9/2025.
• Purchased $1,001 - $15,000 in shares of Advanced Micro Devices NASDAQ: AMD on 4/9/2025.
• Purchased $1,001 - $15,000 in shares of NVIDIA NASDAQ: NVDA on 4/9/2025.
• Purchased $1,001 - $15,000 in shares of Merck & Co., Inc. NYSE: MRK on 4/9/2025.
• Purchased $1,001 - $15,000 in shares of Applied Materials NASDAQ: AMAT on 4/9/2025.
• Purchased $1,001 - $15,000 in shares of ASML NASDAQ: ASML on 4/9/2025.
• Purchased $1,001 - $15,000 in shares of Adobe NASDAQ: ADBE on 4/9/2025.
• Purchased $1,001 - $15,000 in shares of Devon Energy NYSE: DVN on 4/9/2025.
• Purchased $1,001 - $15,000 in shares of Palantir Technologies NASDAQ: PLTR on 4/9/2025.

NIKE Stock Performance

NKE stock traded up $2.18 on Friday, hitting $55.73. The company had a trading volume of 18,891,139 shares, compared to its average volume of 14,196,646. The stock has a market cap of $82.44 billion, a price-to-earnings ratio of 17.20, a P/E/G ratio of 2.52 and a beta of 1.15. The company has a current ratio of 2.22, a quick ratio of 1.51 and a debt-to-equity ratio of 0.57. The stock's 50-day simple moving average is $68.39 and its 200 day simple moving average is $73.85. 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 released its quarterly earnings results 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 return on equity of 36.99% and a net margin of 9.98%. The firm had revenue of $11.27 billion for the quarter, compared to the consensus estimate of $11.02 billion. During the same period last year, the business posted $0.98 EPS. The company's revenue for the quarter was down 9.1% on a year-over-year basis. As a group, equities research analysts expect that NIKE, Inc. will post 2.05 earnings per share for the current fiscal year.

NIKE Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Monday, March 3rd were issued a dividend of $0.40 per share. The ex-dividend date was Monday, March 3rd. This represents a $1.60 annualized dividend and a dividend yield of 2.87%. NIKE's payout ratio is 53.16%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in NKE. GSB Wealth Management LLC boosted its stake in shares of NIKE by 37.0% during the first quarter. GSB Wealth Management LLC now owns 8,549 shares of the footwear maker's stock valued at $543,000 after purchasing an additional 2,310 shares in the last quarter. Rakuten Securities Inc. raised its position in shares of NIKE by 7.0% in the 1st quarter. Rakuten Securities Inc. now owns 8,372 shares of the footwear maker's stock worth $531,000 after acquiring an additional 550 shares in the last quarter. NEW THINKING HONG KONG INVESTMENT MANAGEMENT CO. Ltd bought a new stake in NIKE during the first quarter valued at about $12,651,000. Chicago Capital LLC grew its stake in NIKE by 71.7% in the first quarter. Chicago Capital LLC now owns 15,224 shares of the footwear maker's stock valued at $966,000 after purchasing an additional 6,355 shares during the last quarter. Finally, Schaper Benz & Wise Investment Counsel Inc. WI boosted its holdings in shares of NIKE by 14.1% in the 1st quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 134,902 shares of the footwear maker's stock valued at $8,564,000 after buying an additional 16,620 shares in the last quarter. 64.25% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

NKE has been the topic of several recent research reports. Royal Bank of Canada dropped their price objective on shares of NIKE from $67.00 to $66.00 and set a "sector perform" rating on the stock in a report on Friday, March 21st. Truist Financial cut their price objective on shares of NIKE from $90.00 to $82.00 and set a "buy" rating for the company in a research report on Friday, March 21st. Cfra Research raised NIKE to a "moderate buy" rating in a report on Friday, March 21st. Jefferies Financial Group raised NIKE from a "hold" rating to a "buy" rating and boosted their price target for the company from $75.00 to $115.00 in a report on Monday, February 24th. Finally, DA Davidson raised NIKE to a "strong-buy" rating in a research note on Monday, December 23rd. Sixteen investment 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 currently has a consensus rating of "Moderate Buy" and a consensus target price of $85.15.

Insider Transactions at NIKE

In other NIKE news, Chairman Mark G. Parker sold 169,732 shares of NIKE stock in a transaction on Friday, February 14th. The shares were sold at an average price of $72.83, for a total value of $12,361,581.56. Following the transaction, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Robert Holmes Swan acquired 8,600 shares of the firm's stock in a transaction dated Friday, April 4th. The shares were acquired at an average price of $58.46 per share, with a total value of $502,756.00. Following the acquisition, the director now owns 31,983 shares in the company, valued at approximately $1,869,726.18. The trade was a 36.78 % increase in their position. The disclosure for this purchase can be found here. Insiders own 1.10% 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.