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

Posted by Joe Tyrrell on Apr 15th, 2025

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 Trading Down 1.0 %

NIKE stock traded down $0.58 during trading hours on Tuesday, reaching $54.84. 15,918,366 shares of the company’s stock were exchanged, compared to its average volume of 14,100,726. The firm has a market capitalization of $81.11 billion, a PE ratio of 16.92, a PEG ratio of 2.52 and a beta of 1.15. 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’s 50 day simple moving average is $69.65 and its 200 day simple moving average is $74.59. NIKE, Inc. has a twelve month low of $52.28 and a twelve 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 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 analysts’ expectations of $11.02 billion. During the same period in the prior year, the business earned $0.98 EPS. The company’s revenue for the quarter was down 9.1% compared to the same quarter last year. Research analysts predict that NIKE, Inc. will post 2.05 earnings per share for the current year.

NIKE Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Monday, March 3rd were issued a $0.40 dividend. The ex-dividend date was Monday, March 3rd. This represents a $1.60 annualized dividend and a yield of 2.92%. NIKE’s payout ratio is 53.16%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. Norges Bank bought a new position in shares of NIKE during the 4th quarter valued at $1,126,288,000. Wellington Management Group LLP boosted its holdings in NIKE by 32.4% during the 4th quarter. Wellington Management Group LLP now owns 36,340,736 shares of the footwear maker’s stock valued at $2,749,903,000 after acquiring an additional 8,898,591 shares during the period. Pacer Advisors Inc. boosted its stake in shares of NIKE by 6,029.6% during the fourth quarter. Pacer Advisors Inc. now owns 6,821,270 shares of the footwear maker’s stock valued at $516,166,000 after purchasing an additional 6,709,985 shares during the period. Bank of New York Mellon Corp increased its stake in shares of NIKE by 18.1% in the fourth quarter. Bank of New York Mellon Corp now owns 20,367,993 shares of the footwear maker’s stock worth $1,541,246,000 after buying an additional 3,121,929 shares during the period. Finally, Renaissance Technologies LLC raised its holdings in NIKE by 1,302.7% during the 4th quarter. Renaissance Technologies LLC now owns 2,602,101 shares of the footwear maker’s stock valued at $196,901,000 after buying an additional 2,416,601 shares during the last quarter. Institutional investors own 64.25% of the company’s stock.

Insider Buying and Selling at NIKE

In other NIKE news, Chairman Mark G. Parker sold 169,732 shares of the company’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 completion of the transaction, the chairman now owns 896,632 shares of the company’s stock, valued at $65,301,708.56. This represents a 15.92 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Robert Holmes Swan purchased 8,600 shares of the company’s stock in a transaction that occurred on Friday, April 4th. The stock was acquired at an average cost of $58.46 per share, with a total value of $502,756.00. Following the purchase, 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 ownership of the stock. The disclosure for this purchase can be found here. 1.10% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of brokerages recently commented on NKE. Truist Financial decreased their target price on NIKE from $90.00 to $82.00 and set a “buy” rating for the company in a research report on Friday, March 21st. Dbs Bank raised shares of NIKE from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, March 5th. Cfra Research raised shares of NIKE to a “moderate buy” rating in a research note on Friday, March 21st. Morgan Stanley lowered their target price on shares of NIKE from $72.00 to $70.00 and set an “equal weight” rating on the stock in a report on Friday, March 21st. Finally, Citigroup downgraded NIKE from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $102.00 to $72.00 in a research note on Friday, February 7th. Sixteen research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, NIKE has a consensus rating of “Moderate Buy” and an average target price of $85.15.

Get Our Latest Stock Report on NIKE

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

(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.