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

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 NKE stock traded up $0.04 on Friday, reaching $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 capitalization of $80.52 billion, a P/E ratio of 16.80, a PEG ratio of 2.52 and a beta of 1.15. NIKE, Inc. has a 12-month low of $52.28 and a 12-month high of $98.04. The stock's 50 day simple moving average is $70.03 and its 200-day simple moving average is $74.93. The company has a quick ratio of 1.51, a current ratio of 2.22 and a debt-to-equity ratio of 0.57.

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 for the quarter, beating the consensus estimate 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 analysts' expectations of $11.02 billion. During the same quarter last year, the firm posted $0.98 EPS. The company's revenue was down 9.1% compared to the same quarter last year. As a group, equities analysts predict that NIKE, Inc. will post 2.05 earnings per share for the current fiscal year.

NIKE Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Monday, March 3rd were issued a $0.40 dividend. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.60 annualized dividend and a dividend yield of 2.94%. NIKE's payout ratio is currently 53.16%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on NKE shares. JPMorgan Chase & Co. dropped their target price on shares of NIKE from $73.00 to $64.00 and set a "neutral" rating for the company in a research report on Friday, March 21st. Piper Sandler reduced their target price on NIKE from $90.00 to $70.00 and set an "overweight" rating on the stock in a research note on Friday. Cfra Research upgraded NIKE to a "moderate buy" rating in a research report on Friday, March 21st. Barclays cut their price objective on NIKE from $79.00 to $70.00 and set an "equal weight" rating for the company in a report on Friday, December 20th. Finally, Evercore ISI decreased their price objective on NIKE from $105.00 to $97.00 and set an "outperform" rating on the stock in a report on Monday, December 16th. Fifteen investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $86.19.

Insider Transactions at NIKE

In other news, Chairman Mark G. Parker sold 169,732 shares of the firm's stock in a transaction 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 completion of the transaction, the chairman now directly owns 896,632 shares in the company, valued at $65,301,708.56. This trade represents a 15.92 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert Holmes Swan purchased 8,600 shares of the stock in a transaction dated Friday, April 4th. The stock was bought at an average cost of $58.46 per share, with a total value of $502,756.00. Following the transaction, the director now owns 31,983 shares in the company, valued at $1,869,726.18. The trade was a 36.78 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 1.10% of the company's stock.

Institutional Trading of NIKE

Several large investors have recently added to or reduced their stakes in the stock. Range Financial Group LLC purchased a new position in shares of NIKE during the 4th quarter worth approximately $642,000. Cacti Asset Management LLC purchased a new stake in NIKE in the fourth quarter worth $9,987,000. Capricorn Fund Managers Ltd bought a new position in NIKE in the fourth quarter worth $5,384,000. Klein Pavlis & Peasley Financial Inc. lifted its position in NIKE by 31.1% during the fourth quarter. Klein Pavlis & Peasley Financial Inc. now owns 25,835 shares of the footwear maker's stock valued at $1,955,000 after buying an additional 6,124 shares during the period. Finally, FNY Investment Advisers LLC boosted its holdings in shares of NIKE by 5,745.9% during the 4th quarter. FNY Investment Advisers LLC now owns 8,652 shares of the footwear maker's stock valued at $654,000 after buying an additional 8,504 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.