Burgundy Asset Management Ltd. Decreases Holdings in NIKE, Inc. $NKE

Burgundy Asset Management Ltd. reduced its stake in NIKE, Inc. (NYSE:NKE) by 1.6% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,364,095 shares of the footwear maker’s stock after selling 22,381 shares during the period. Burgundy Asset Management Ltd.’s holdings in NIKE were worth $105,540,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Exchange Traded Concepts LLC lifted its position in NIKE by 697.5% during the 3rd quarter. Exchange Traded Concepts LLC now owns 228,889 shares of the footwear maker’s stock worth $15,960,000 after acquiring an additional 200,187 shares in the last quarter. Soros Fund Management LLC raised its stake in shares of NIKE by 33.0% during the second quarter. Soros Fund Management LLC now owns 302,320 shares of the footwear maker’s stock valued at $21,477,000 after purchasing an additional 75,000 shares during the period. Brighton Jones LLC lifted its position in shares of NIKE by 54.6% during the third quarter. Brighton Jones LLC now owns 104,791 shares of the footwear maker’s stock worth $7,307,000 after purchasing an additional 37,019 shares in the last quarter. Strive Asset Management LLC purchased a new position in shares of NIKE in the third quarter valued at $1,743,000. Finally, Soltis Investment Advisors LLC grew its holdings in NIKE by 238.8% during the 2nd quarter. Soltis Investment Advisors LLC now owns 141,356 shares of the footwear maker’s stock valued at $10,042,000 after purchasing an additional 99,638 shares in the last quarter. Institutional investors and hedge funds own 64.25% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on NKE shares. Weiss Ratings upgraded shares of NIKE from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, January 12th. KeyCorp cut their price target on NIKE from $90.00 to $75.00 and set an “overweight” rating on the stock in a research note on Thursday, January 22nd. Oppenheimer reissued an “outperform” rating on shares of NIKE in a report on Wednesday, December 17th. Piper Sandler set a $75.00 price objective on NIKE and gave the stock an “overweight” rating in a report on Friday, December 19th. Finally, Sanford C. Bernstein reaffirmed a “buy” rating and issued a $85.00 target price on shares of NIKE in a research report on Tuesday, January 6th. Twenty-two investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, NIKE currently has an average rating of “Moderate Buy” and an average target price of $74.61.

Key NIKE News

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: Brand / grassroots engagement win: Nike Circuit announced a multi‑year digital partnership (AIM+) to enhance youth volleyball events, supporting long‑term brand relevance and direct-to-consumer engagement. Article Title
• Positive Sentiment: Bullish media voice: Jim Cramer publicly said he’s willing to give new CEO Elliott Hill time and expects improvement if product quality is restored — a signal that some institutional or retail sentiment could stabilize with visible progress. Article Title
• Positive Sentiment: Longer-term comeback thesis: Analyst pieces argue a “win‑now” operational focus could put Nike back on top if execution improves, supporting a recovery narrative for patient investors. Article Title
• Neutral Sentiment: Valuation / horizon debate: Several write-ups ask where NKE will be in 3 years and whether beaten‑down names can turn around, highlighting uncertainty rather than a clear catalyst. These pieces frame risk/reward but don’t change fundamentals immediately. Article Title
• Neutral Sentiment: Coverage of beaten‑down status: Screens and commentaries that include NKE alongside other underperformers keep the stock on watchlists for turn‑around trades but don’t add immediate positive or negative newsflow. Article Title
• Negative Sentiment: Restructuring + China pressure: Multiple reports say Nike is preparing a major restructuring as CEO Elliott Hill implements a turnaround. Profit warnings from Chinese distributors (e.g., Pou Sheng) and elevated inventories in key categories raise near‑term revenue and margin risk. Article Title
• Negative Sentiment: Analyst skepticism: CNBC and other outlets flag persistent underperformance and say that recent results and trends are challenging longer‑term bull cases, increasing the chance of further analyst downgrades or weaker investor confidence. Article Title
• Negative Sentiment: Margin and product concerns: Commentary emphasizes that margins — not just revenue — and Nike’s hold on performance running are the critical issues; failure to restore pricing power would keep earnings under pressure. Article Title
• Negative Sentiment: Underperformance versus peers called out: MarketWatch and market wrap pieces note that NKE is lagging competitors, which can pressure short‑term flows and sentiment. Article Title

NIKE Trading Down 1.3%

NYSE:NKE opened at $58.63 on Thursday. The company has a market cap of $86.79 billion, a PE ratio of 34.49, a P/E/G ratio of 3.04 and a beta of 1.27. The business’s 50 day moving average is $63.38 and its two-hundred day moving average is $66.67. The company has a quick ratio of 1.40, a current ratio of 2.06 and a debt-to-equity ratio of 0.50. NIKE, Inc. has a 52 week low of $52.28 and a 52 week high of $80.19.

NIKE (NYSE:NKE) last issued its quarterly earnings results on Thursday, December 18th. The footwear maker reported $0.53 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.16. NIKE had a return on equity of 18.43% and a net margin of 5.43%.The business had revenue of $12.43 billion during the quarter, compared to the consensus estimate of $12.19 billion. During the same period in the previous year, the business earned $0.78 EPS. The business’s quarterly revenue was up .6% on a year-over-year basis. On average, analysts predict that NIKE, Inc. will post 2.05 EPS for the current year.

NIKE Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Monday, March 2nd will be given a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date is Monday, March 2nd. NIKE’s dividend payout ratio (DPR) is presently 96.47%.

Insider Activity

In related news, Director Robert Holmes Swan bought 8,691 shares of the firm’s stock in a transaction on Monday, December 22nd. The stock was bought at an average cost of $57.54 per share, for a total transaction of $500,080.14. Following the completion of the purchase, the director directly owned 43,293 shares in the company, valued at approximately $2,491,079.22. The trade was a 25.12% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Timothy D. Cook bought 50,000 shares of the stock in a transaction dated Monday, December 22nd. The shares were bought at an average cost of $58.97 per share, with a total value of $2,948,500.00. Following the completion of the acquisition, the director directly owned 105,480 shares of the company’s stock, valued at approximately $6,220,155.60. The trade was a 90.12% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last three months, insiders acquired 75,079 shares of company stock valued at $4,449,887. Company insiders own 0.80% of the company’s stock.

About NIKE

Nike, Inc (NYSE: NKE) is a global designer, marketer and distributor of athletic footwear, apparel, equipment and accessories. Founded in 1964 as Blue Ribbon Sports by Phil Knight and Bill Bowerman and renamed Nike in 1971, the company is headquartered near Beaverton, Oregon. Nike develops and commercializes products across performance and lifestyle categories for sports including running, basketball, soccer and training, and is known for signature technologies and design-driven product lines.

The company markets products under several primary brands, including Nike, Jordan and Converse, and sells through a combination of wholesale relationships, branded retail stores and direct-to-consumer channels such as company-operated stores and digital platforms (e.g., Nike.com and mobile apps).