Representative Bruce Westerman (R-Arkansas) recently bought shares of NIKE, Inc. NYSE: NKE. In a filing disclosed on April 16th, the Representative disclosed that they had bought between $1,001 and $15,000 in NIKE stock on March 3rd. The trade occurred in the Representative's "FISHER IRA" account.
Representative Bruce Westerman also recently made the following trade(s):
- Purchased $1,001 - $15,000 in shares of LVMH Moët Hennessy - Louis Vuitton, Société Européenne OTCMKTS: LVMUY on 4/2/2025.
- Purchased $1,001 - $15,000 in shares of Sony Group NYSE: SONY on 3/24/2025.
- Purchased $1,001 - $15,000 in shares of Mitsubishi UFJ Financial Group NYSE: MUFG on 3/21/2025.
- Purchased $1,001 - $15,000 in shares of BP NYSE: BP on 3/21/2025.
- Sold $1,001 - $15,000 in shares of Procter & Gamble NYSE: PG on 3/20/2025.
- Sold $1,001 - $15,000 in shares of Medtronic NYSE: MDT on 3/20/2025.
- Purchased $1,001 - $15,000 in shares of ASML NASDAQ: ASML on 3/20/2025.
- Sold $1,001 - $15,000 in shares of Visa NYSE: V on 3/20/2025.
- Sold $1,001 - $15,000 in shares of Microsoft NASDAQ: MSFT on 3/20/2025.
- Sold $1,001 - $15,000 in shares of Broadcom NASDAQ: AVGO on 3/20/2025.
NIKE Stock Performance
Shares of NYSE NKE traded up $2.18 during trading on Friday, reaching $55.73. 18,891,139 shares of the company traded hands, compared to its average volume of 14,208,512. The company has a quick ratio of 1.51, a current ratio of 2.22 and a debt-to-equity ratio of 0.57. The firm has a 50 day simple moving average of $68.39 and a 200-day simple moving average of $73.79. NIKE, Inc. has a 52-week low of $52.28 and a 52-week high of $98.04. The stock has a market capitalization of $82.44 billion, a PE ratio of 17.20, a P/E/G ratio of 2.52 and a beta of 1.15.
NIKE (NYSE:NKE - Get Free Report) last posted its 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. The business had revenue of $11.27 billion during the quarter, compared to the consensus estimate of $11.02 billion. NIKE had a net margin of 9.98% and a return on equity of 36.99%. The firm's revenue was down 9.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.98 EPS. Equities research analysts anticipate that NIKE, Inc. will post 2.05 earnings per share for the current year.
NIKE Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Monday, March 3rd were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.87%. The ex-dividend date was Monday, March 3rd. NIKE's dividend payout ratio is currently 53.16%.
Insider Activity at NIKE
In other NIKE news, Director Robert Holmes Swan acquired 8,600 shares of the business's stock in a transaction on Friday, April 4th. The shares were bought at an average price 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. The trade was a 36.78 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, Chairman Mark G. Parker sold 169,732 shares of the stock in a transaction on Friday, February 14th. The stock was sold at an average price of $72.83, for a total value of $12,361,581.56. Following the completion of the sale, the chairman now 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 currently owned by insiders.
Analysts Set New Price Targets
Several brokerages have issued reports on NKE. Piper Sandler dropped their target price on NIKE from $90.00 to $70.00 and set an "overweight" rating on the stock in a research report on Friday, April 11th. Morgan Stanley cut their target price on shares of NIKE from $72.00 to $70.00 and set an "equal weight" rating for the company in a research report on Friday, March 21st. Jefferies Financial Group upgraded shares of NIKE from a "hold" rating to a "buy" rating and increased their price target for the stock from $75.00 to $115.00 in a research report on Monday, February 24th. Citigroup cut shares of NIKE from a "buy" rating to a "neutral" rating and dropped their price target for the stock from $102.00 to $72.00 in a research note on Friday, February 7th. Finally, Truist Financial decreased their target price on NIKE from $90.00 to $82.00 and set a "buy" rating on the stock in a report on Friday, March 21st. Sixteen research analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $85.15.
View Our Latest Research Report on NIKE
Institutional Investors Weigh In On NIKE
Several institutional investors have recently modified their holdings of the stock. Heck Capital Advisors LLC bought a new position in shares of NIKE during the 4th quarter valued at approximately $28,000. Caitlin John LLC increased its position in NIKE by 117.0% during the fourth quarter. Caitlin John LLC now owns 371 shares of the footwear maker's stock valued at $28,000 after acquiring an additional 200 shares during the last quarter. Roxbury Financial LLC purchased a new stake in shares of NIKE in the fourth quarter valued at $30,000. LFA Lugano Financial Advisors SA lifted its holdings in shares of NIKE by 110.5% in the 4th quarter. LFA Lugano Financial Advisors SA now owns 400 shares of the footwear maker's stock worth $30,000 after acquiring an additional 210 shares during the last quarter. Finally, Hopwood Financial Services Inc. purchased a new position in shares of NIKE during the 4th quarter worth about $30,000. 64.25% of the stock is owned by institutional investors.
About Representative Westerman
Bruce Westerman (Republican Party) is a member of the U.S. House, representing Arkansas' 4th Congressional District. He assumed office on January 3, 2015. His current term ends on January 3, 2027.
Westerman (Republican Party) is running for re-election to the U.S. House to represent Arkansas' 4th Congressional District. He declared candidacy for the 2026 election.
Westerman earned his BSBAGE in biological and agricultural engineering from the University of Arkansas in 1990 and his MF in forestry from Yale University in 2001. His professional experience includes working as a plant engineer for Riceland Foods and an engineer/forester for Mid-South Engineering Company.
About NIKE
(
Get Free Report)
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.
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