NIKE, Inc. $NKE Stock Holdings Increased by JGP Wealth Management LLC

JGP Wealth Management LLC raised its position in NIKE, Inc. (NYSE:NKE) by 13.1% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 144,141 shares of the footwear maker’s stock after acquiring an additional 16,704 shares during the period. JGP Wealth Management LLC’s holdings in NIKE were worth $5,103,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. OMERS ADMINISTRATION Corp grew its stake in shares of NIKE by 77.9% in the 4th quarter. OMERS ADMINISTRATION Corp now owns 2,526,179 shares of the footwear maker’s stock worth $160,943,000 after acquiring an additional 1,106,499 shares in the last quarter. OneDigital Investment Advisors LLC raised its stake in shares of NIKE by 32.8% during the second quarter. OneDigital Investment Advisors LLC now owns 244,296 shares of the footwear maker’s stock worth $10,028,000 after acquiring an additional 60,375 shares in the last quarter. Douglas Lane & Associates LLC grew its holdings in shares of NIKE by 57.7% in the third quarter. Douglas Lane & Associates LLC now owns 1,521,611 shares of the footwear maker’s stock worth $53,865,000 after purchasing an additional 556,798 shares during the last quarter. Quantitative Investment Management LLC purchased a new position in shares of NIKE during the second quarter valued at approximately $2,459,000. Finally, Deutsche Bank AG boosted its position in NIKE by 8.0% during the 2nd quarter. Deutsche Bank AG now owns 3,566,634 shares of the footwear maker’s stock valued at $146,410,000 after acquiring an additional 264,576 shares in the last quarter. 64.25% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other NIKE news, CFO Matthew Friend sold 2,463 shares of the firm’s stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $41.60, for a total transaction of $102,460.80. Following the completion of the transaction, the chief financial officer directly owned 82,165 shares of the company’s stock, valued at $3,418,064. This trade represents a 2.91% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Amy Montagne sold 4,867 shares of the company’s stock in a transaction on Friday, August 7th. The stock was sold at an average price of $42.05, for a total value of $204,657.35. Following the transaction, the insider owned 57,436 shares of the company’s stock, valued at approximately $2,415,183.80. The trade was a 7.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 14,974 shares of company stock worth $600,126. Company insiders own 1.10% of the company’s stock.

NIKE News Roundup

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: NIKE’s strategic reset could eventually stabilize revenue and rebuild consumer interest by improving product offerings, strengthening wholesale relationships and refocusing on core markets. The turnaround potential appears to be supporting the stock despite recent operating challenges. What’s next for Nike after its multi-year revenue decline and strategic reset?
• Positive Sentiment: NIKE’s digital transformation is intended to increase consumer engagement, grow direct-to-consumer sales and provide more customer data. If executed effectively, the initiative could improve long-term competitiveness and margins. NIKE’s Digital Transformation: Competitive Edge or Cost Burden?
• Neutral Sentiment: NIKE was included among apparel and luxury-goods stocks worth monitoring, but these watchlist articles did not identify a material company-specific catalyst or change to earnings expectations. Apparel Stocks Worth Watching
• Negative Sentiment: The digital strategy also presents near-term risks: weakening online demand and rising technology and marketing expenses could pressure profitability before the investment produces meaningful sales growth. NIKE’s Digital Transformation: Competitive Edge or Cost Burden?
• Negative Sentiment: Commentary emphasizes that NIKE has a long road to win back customers, suggesting that brand momentum, product demand and revenue growth may take time to recover. Recent quarterly revenue declined year over year, even though earnings exceeded analysts’ expectations. Nike has a long road ahead to win customers back

Wall Street Analyst Weigh In

NKE has been the topic of several research analyst reports. HSBC lowered their target price on shares of NIKE from $48.00 to $40.00 and set a “hold” rating on the stock in a research note on Monday, September 28th. Bank of America reissued an “underperform” rating and issued a $24.00 price objective (down from $30.00) on shares of NIKE in a research note on Friday, October 2nd. Needham & Company LLC reissued a “hold” rating on shares of NIKE in a research report on Friday, October 2nd. Berenberg Bank set a $27.50 price target on shares of NIKE and gave the company a “sell” rating in a research report on Tuesday, October 6th. Finally, Rothschild & Co Redburn dropped their target price on NIKE from $45.00 to $37.00 and set a “sell” rating on the stock in a research report on Friday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, twenty-one have issued a Hold rating and ten have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Reduce” and an average target price of $41.07.

NIKE Trading Up 1.8%

NYSE NKE opened at $35.32 on Tuesday. The firm has a 50 day moving average of $37.93 and a two-hundred day moving average of $42.00. The stock has a market capitalization of $52.46 billion, a PE ratio of 16.98, a price-to-earnings-growth ratio of 3.05 and a beta of 1.09. NIKE, Inc. has a 52 week low of $31.97 and a 52 week high of $70.44. The company has a quick ratio of 1.39, a current ratio of 2.07 and a debt-to-equity ratio of 0.39.

NIKE (NYSE:NKE) last released its earnings results on Thursday, October 1st. The footwear maker reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.05. The business had revenue of $11.21 billion for the quarter, compared to analyst estimates of $11.32 billion. NIKE had a return on equity of 15.94% and a net margin of 6.74%. The company’s revenue for the quarter was down 4.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.49 earnings per share. NIKE has set its FY 2027 guidance at 1.150-1.350 EPS. As a group, research analysts expect that NIKE, Inc. will post 1.26 EPS for the current fiscal year.

NIKE Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Tuesday, September 1st were issued a $0.41 dividend. The ex-dividend date was Tuesday, September 1st. This represents a $1.64 dividend on an annualized basis and a yield of 4.6%. NIKE’s payout ratio is currently 78.85%.

NIKE Company Profile

NIKE, Inc is a global sportswear company that designs, develops, markets and sells athletic footwear, apparel, equipment, accessories and related services. Its products are marketed under the NIKE, Jordan and Converse brands and are used across a broad range of sports and lifestyle activities, including running, basketball, football, training and outdoor pursuits.

The company distributes its products through a combination of wholesale partners, NIKE-owned retail stores and digital platforms.