NIKE, Inc. $NKE Position Reduced by SG Americas Securities LLC

SG Americas Securities LLC reduced its stake in shares of NIKE, Inc. (NYSE:NKE) by 62.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,153,087 shares of the footwear maker’s stock after selling 1,923,982 shares during the period. SG Americas Securities LLC owned about 0.08% of NIKE worth $73,463,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Brighton Jones LLC lifted its position in shares of NIKE by 388.5% during the fourth 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 during the last quarter. Caxton Associates LLP bought a new stake in NIKE in the first quarter valued at about $311,000. United Bank increased its holdings in NIKE by 11.3% in the second quarter. United Bank now owns 17,067 shares of the footwear maker’s stock valued at $1,212,000 after buying an additional 1,736 shares during the last quarter. AlphaCore Capital LLC acquired a new stake in NIKE during the second quarter valued at approximately $154,000. Finally, American Century Companies Inc. raised its stake in NIKE by 29.2% during the second quarter. American Century Companies Inc. now owns 1,589,283 shares of the footwear maker’s stock valued at $112,903,000 after buying an additional 359,538 shares in the last quarter. Institutional investors own 64.25% of the company’s stock.

Insider Buying and Selling

In related news, CEO Elliott Hill acquired 16,388 shares of the stock in a transaction that occurred on Monday, December 29th. The stock was purchased at an average cost of $61.10 per share, for a total transaction of $1,001,306.80. Following the purchase, the chief executive officer directly owned 241,587 shares in the company, valued at $14,760,965.70. This represents a 7.28% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 0.80% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research analysts have recently commented on NKE shares. Guggenheim reiterated a “buy” rating on shares of NIKE in a research report on Wednesday, December 31st. Oppenheimer reiterated an “outperform” rating on shares of NIKE in a report on Wednesday, December 17th. Williams Trading dropped their price target on NIKE from $100.00 to $80.00 and set a “buy” rating on the stock in a research report on Friday, December 19th. Barclays upgraded NIKE from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $64.00 to $73.00 in a research note on Wednesday, March 11th. Finally, Raymond James Financial reaffirmed a “market perform” rating on shares of NIKE in a report on Monday, December 15th. Twenty-two investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $73.43.

NIKE Stock Up 1.5%

NYSE:NKE opened at $53.51 on Wednesday. The firm has a market capitalization of $79.21 billion, a PE ratio of 31.48, a price-to-earnings-growth ratio of 2.70 and a beta of 1.27. The stock has a 50 day moving average of $60.92 and a 200-day moving average of $64.43. NIKE, Inc. has a 52 week low of $52.17 and a 52 week high of $80.17. The company has a current ratio of 2.06, a quick ratio of 1.40 and a debt-to-equity ratio of 0.50.

NIKE Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Monday, March 2nd will be given a dividend of $0.41 per share. The ex-dividend date is Monday, March 2nd. This represents a $1.64 dividend on an annualized basis and a yield of 3.1%. NIKE’s payout ratio is currently 96.47%.

NIKE News Summary

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: Market resilience: Several outlets note NKE’s intraday gain and that the stock has held a short-term support area despite broader market weakness, which traders see as a short-term bullish signal. Nike (NKE) Increases Despite Market Slip: Here’s What You Need to Know
• Positive Sentiment: Analyst confidence remains in places: Coverage notes that some banks (e.g., Barclays mentioned in coverage) expect Nike can bounce back from soft sales, supporting upside if execution improves. UBS Wary of Nike Inc. (NKE)’s Weak Global Sales but Barclays Confident of Bounce Back
• Neutral Sentiment: Valuation gap highlighted: Analysis points out a large gap between current price and the street’s ~$76 consensus target — suggesting substantial analyst upside but also signaling that expectations may be optimistic versus near-term fundamentals. This is more of a framing piece than new catalyst. Wall Street’s $76 Target on Nike Looks Absurd — Until You Look at the Numbers
• Negative Sentiment: UBS trims target: UBS reiterated a Neutral rating but cut its price target from $62 to $58 citing weak global sales momentum — a nearer-term headwind for sentiment. UBS Wary of Nike Inc. (NKE)’s Weak Global Sales but Barclays Confident of Bounce Back
• Negative Sentiment: Deutsche Bank cuts target to $54 and keeps a Hold rating, removing a cushion for near-term upside and signaling limited analyst conviction at current levels. Benzinga coverage of Deutsche Bank price target change
• Negative Sentiment: Technical risk: Chart-focused commentary warns NKE is approaching a “make-or-break” support; if that fails, momentum traders may accelerate further downside. Nike stock price is nearing a make-or-break level: is it a buy?

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).