Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Sells 15,610 Shares of NIKE, Inc. $NKE

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA cut its holdings in shares of NIKE, Inc. (NYSE:NKE) by 2.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 735,248 shares of the footwear maker’s stock after selling 15,610 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in NIKE were worth $51,232,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in NKE. Brighton Jones LLC increased its stake in NIKE by 388.5% during the 4th quarter. Brighton Jones LLC now owns 202,411 shares of the footwear maker’s stock worth $15,316,000 after purchasing an additional 160,980 shares in the last quarter. Caxton Associates LLP acquired a new position in shares of NIKE during the 1st quarter worth about $311,000. Integrity Alliance LLC. acquired a new position in NIKE during the first quarter valued at approximately $238,000. Belpointe Asset Management LLC grew its stake in shares of NIKE by 43.9% in the first quarter. Belpointe Asset Management LLC now owns 6,024 shares of the footwear maker’s stock valued at $382,000 after buying an additional 1,838 shares in the last quarter. Finally, Fiduciary Financial Group LLC grew its position in shares of NIKE by 17.0% in the 2nd quarter. Fiduciary Financial Group LLC now owns 5,239 shares of the footwear maker’s stock valued at $385,000 after acquiring an additional 762 shares during the period. 64.25% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have issued reports on the company. KeyCorp set a $90.00 price objective on NIKE and gave the company an “overweight” rating in a research note on Thursday, October 2nd. Weiss Ratings lowered NIKE from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, December 29th. Stifel Nicolaus set a $65.00 price target on NIKE and gave the company a “hold” rating in a research note on Friday, December 19th. UBS Group reaffirmed a “neutral” rating on shares of NIKE in a research report on Monday, January 5th. Finally, Daiwa Capital Markets decreased their price objective on shares of NIKE from $75.00 to $61.00 in a report on Tuesday, December 23rd. Two research analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, eleven have assigned a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $75.32.

Key Stories Impacting NIKE

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: Insider buying and high-profile bullish commentary — Directors and the CEO have recently bought shares, and Jim Cramer highlighted that insider purchases as a signal the turnaround may be gaining traction; insider purchases often boost investor confidence in near-term upside. Jim Cramer Says Insider Buying in Nike Signals “That the Business Is Indeed Turning”
• Positive Sentiment: Sanford C. Bernstein reaffirmed a Buy rating — A retained Buy from a major firm supports the turnaround narrative and can help underpin valuation expectations ahead of upcoming quarters. Sanford C. Bernstein Reaffirms “Buy” Rating for NIKE (NYSE:NKE)
• Neutral Sentiment: Relative-value pieces and “buy the dip” coverage — Several outlets (Zacks, MarketBeat) compare NKE vs. Adidas and discuss whether Nike is a dip-buy; useful for positioning but not immediate catalysts. ADDYY or NKE: Which Is the Better Value Stock Right Now?
• Neutral Sentiment: New coverage and model chatter — Deutsche Bank initiated coverage with a Hold and various media pieces (including a ChatGPT price projection) add noise but little fundamental clarity; these items can influence short-term flows.
• Negative Sentiment: Analyst skepticism on turnaround timing — Needham flagged that early “brand heat” may not translate quickly into sustainable growth, emphasizing uncertainty around the timeline for recovery. That raises risk around near-term execution. Nike ‘Brand Heat’ Not Enough, Analyst Says: ‘Timeline Is Uncertain At Best’
• Negative Sentiment: Downgrades and China concerns — TipRanks reported a downgrade citing slow turnaround progress and China weakness remains a recurring headwind; RBC cut its price target while saying profitable growth is possible, and another bank issued pessimistic forecasts — these weigh on medium-term upside and multiple expansion. Nike Stock (NKE) Is Downgraded on Slow Turnaround Progress RBC lowers Nike (NKE) target but sees path to profitable growth intact Royal Bank Of Canada Issues Pessimistic Forecast for NIKE (NYSE:NKE) Stock Price

NIKE Trading Up 0.9%

NKE stock opened at $65.87 on Monday. NIKE, Inc. has a 52 week low of $52.28 and a 52 week high of $82.44. The company has a market capitalization of $97.51 billion, a PE ratio of 38.74, a price-to-earnings-growth ratio of 2.84 and a beta of 1.28. The company’s 50-day simple moving average is $63.46 and its 200 day simple moving average is $69.57. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.40 and a current ratio of 2.06.

NIKE (NYSE:NKE) last posted its quarterly earnings data on Thursday, December 18th. The footwear maker reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.16. The firm had revenue of $12.43 billion for the quarter, compared to analyst estimates of $12.19 billion. NIKE had a return on equity of 18.43% and a net margin of 5.43%.The company’s revenue was up .6% on a year-over-year basis. During the same quarter last year, the company earned $0.78 EPS. As a group, sell-side analysts anticipate that NIKE, Inc. will post 2.05 earnings per share for the current year.

NIKE Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 2nd. Shareholders of record on Monday, December 1st were given a $0.41 dividend. This is a boost from NIKE’s previous quarterly dividend of $0.40. This represents a $1.64 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date was Monday, December 1st. NIKE’s dividend payout ratio (DPR) is presently 96.47%.

Insider Activity

In related news, Director Timothy D. Cook bought 50,000 shares of the firm’s stock in a transaction on Monday, December 22nd. The shares were purchased at an average price of $58.97 per share, with a total value of $2,948,500.00. Following the completion of the purchase, the director owned 105,480 shares in the company, valued at $6,220,155.60. This represents a 90.12% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, Director Robert Holmes Swan acquired 8,691 shares of NIKE stock in a transaction that occurred on Monday, December 22nd. The shares were purchased at an average price of $57.54 per share, for a total transaction of $500,080.14. Following the transaction, the director directly owned 43,293 shares in the company, valued at $2,491,079.22. The trade was a 25.12% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last 90 days, insiders have acquired 91,229 shares of company stock valued at $5,452,640. Corporate insiders own 0.80% of the company’s stock.

NIKE Profile

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).