Stonegate Investment Group LLC Decreases Stock Holdings in NIKE, Inc. $NKE

Stonegate Investment Group LLC reduced its stake in shares of NIKE, Inc. (NYSE:NKE) by 2.0% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 641,724 shares of the footwear maker’s stock after selling 13,093 shares during the period. Stonegate Investment Group LLC’s holdings in NIKE were worth $44,747,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in NKE. Vanguard Group Inc. grew its holdings in NIKE by 0.6% in the 2nd quarter. Vanguard Group Inc. now owns 113,823,785 shares of the footwear maker’s stock valued at $8,086,042,000 after buying an additional 672,705 shares in the last quarter. State Street Corp raised its holdings in shares of NIKE by 2.8% during the 2nd quarter. State Street Corp now owns 59,154,159 shares of the footwear maker’s stock worth $4,225,441,000 after acquiring an additional 1,590,603 shares during the period. Invesco Ltd. boosted its position in shares of NIKE by 66.1% during the 2nd quarter. Invesco Ltd. now owns 12,157,198 shares of the footwear maker’s stock valued at $863,647,000 after acquiring an additional 4,840,114 shares during the last quarter. Jennison Associates LLC boosted its position in shares of NIKE by 42.3% during the 3rd quarter. Jennison Associates LLC now owns 11,838,528 shares of the footwear maker’s stock valued at $825,501,000 after acquiring an additional 3,518,666 shares during the last quarter. Finally, Norges Bank purchased a new stake in shares of NIKE in the second quarter valued at about $835,063,000. Institutional investors and hedge funds own 64.25% of the company’s stock.

Key Stories Impacting NIKE

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: Nike will cut about 775 jobs (roughly 1% of its workforce) at U.S. distribution centers as it accelerates automation to boost efficiency and profitability — a move investors typically view as supportive for margins and long‑term operating leverage. Nike to cut 775 jobs in US distribution centers, CNBC reports
• Positive Sentiment: Nike’s CEO buying shares (reported by The Motley Fool) is a bullish insider signal that can bolster investor confidence in management’s turnaround and capital allocation plan. Nike Stock Is Down, but Is It a Buy?
• Neutral Sentiment: Relative valuation pieces and comparisons to peers (e.g., Adidas) are circulating; these contextualize NKE’s P/E and growth expectations but don’t change near-term fundamentals on their own. ADDYY vs. NKE: Which Stock Is the Better Value Option?
• Negative Sentiment: Nike is investigating a claimed ransomware/data leak (reportedly ~1.4 TB) by a group called World Leaks. Cybersecurity incidents can lead to direct remediation costs, potential regulatory scrutiny and short‑term consumer/partner disruption — a clear near‑term risk to sentiment. Nike says it is investigating possible data breach

NIKE Price Performance

NKE opened at $65.06 on Tuesday. The stock’s 50-day moving average price is $63.96 and its 200 day moving average price is $68.92. NIKE, Inc. has a 12-month low of $52.28 and a 12-month high of $82.44. The firm has a market cap of $96.32 billion, a price-to-earnings ratio of 38.27, a PEG ratio of 3.38 and a beta of 1.28. 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 (NYSE:NKE) last issued its quarterly earnings results on Thursday, December 18th. The footwear maker reported $0.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.16. NIKE had a net margin of 5.43% and a return on equity of 18.43%. The company had revenue of $12.43 billion for the quarter, compared to analyst estimates of $12.19 billion. During the same period in the prior year, the firm earned $0.78 earnings per share. The business’s revenue for the quarter was up .6% compared to the same quarter last year. As a group, sell-side analysts expect 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 issued a dividend of $0.41 per share. This is a boost from NIKE’s previous quarterly dividend of $0.40. The ex-dividend date was Monday, December 1st. This represents a $1.64 dividend on an annualized basis and a yield of 2.5%. NIKE’s dividend payout ratio (DPR) is currently 96.47%.

Analyst Ratings Changes

A number of brokerages have commented on NKE. The Goldman Sachs Group set a $77.00 target price on shares of NIKE in a research note on Friday, December 19th. Sanford C. Bernstein reiterated a “buy” rating and issued a $85.00 price objective on shares of NIKE in a report on Tuesday, January 6th. Berenberg Bank reiterated a “neutral” rating and issued a $70.00 price objective on shares of NIKE in a research report on Friday, December 19th. Truist Financial set a $69.00 target price on NIKE in a research note on Wednesday, January 14th. Finally, Piper Sandler set a $75.00 price target on NIKE and gave the company an “overweight” rating in a research note on Friday, December 19th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $74.65.

Insider Buying and Selling

In other NIKE news, Director Timothy D. Cook purchased 50,000 shares of the company’s stock in a transaction on Monday, December 22nd. The stock was acquired at an average price of $58.97 per share, for a total transaction of $2,948,500.00. Following the completion of the purchase, the director directly owned 105,480 shares in the company, valued at approximately $6,220,155.60. The trade was a 90.12% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robert Holmes Swan acquired 8,691 shares of the business’s stock in a transaction dated Monday, December 22nd. The shares were bought at an average cost of $57.54 per share, for a total transaction of $500,080.14. Following the transaction, the director directly owned 43,293 shares of the company’s stock, valued at approximately $2,491,079.22. This trade represents a 25.12% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have bought a total of 91,229 shares of company stock worth $5,452,640 over the last three months. 0.80% of the stock is owned by insiders.

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).