Covea Finance Cuts Position in NIKE, Inc. $NKE

Covea Finance decreased its holdings in shares of NIKE, Inc. (NYSE:NKE) by 9.3% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 369,979 shares of the footwear maker’s stock after selling 38,116 shares during the period. Covea Finance’s holdings in NIKE were worth $25,799,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Mascoma Wealth Management LLC bought a new position in NIKE during the 2nd quarter valued at approximately $26,000. Halbert Hargrove Global Advisors LLC increased its holdings in shares of NIKE by 952.6% during the second quarter. Halbert Hargrove Global Advisors LLC now owns 400 shares of the footwear maker’s stock valued at $28,000 after acquiring an additional 362 shares in the last quarter. Saudi Central Bank purchased a new position in shares of NIKE in the 1st quarter worth about $30,000. Matrix Trust Co raised its position in shares of NIKE by 53.1% in the 2nd quarter. Matrix Trust Co now owns 441 shares of the footwear maker’s stock worth $31,000 after purchasing an additional 153 shares during the last quarter. Finally, Twin Peaks Wealth Advisors LLC bought a new position in NIKE in the 2nd quarter worth about $31,000. 64.25% of the stock is owned by institutional investors.

Insider Buying and Selling at NIKE

In related news, Director Jorgen Vig Knudstorp purchased 16,150 shares of the business’s stock in a transaction on Friday, November 7th. The stock was acquired at an average price of $62.09 per share, with a total value of $1,002,753.50. Following the completion of the acquisition, the director owned 21,388 shares of the company’s stock, valued at approximately $1,327,980.92. This trade represents a 308.32% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Robert Holmes Swan purchased 8,691 shares of NIKE stock in a transaction on Monday, December 22nd. The stock was bought at an average price of $57.54 per share, with a total value of $500,080.14. Following the transaction, the director owned 43,293 shares of the company’s stock, valued at approximately $2,491,079.22. This represents a 25.12% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders have bought 74,841 shares of company stock worth $4,451,334. Insiders own 0.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Argus reduced their price objective on shares of NIKE from $85.00 to $70.00 in a research note on Tuesday. Wells Fargo & Company set a $65.00 price target on shares of NIKE and gave the company an “overweight” rating in a report on Friday, December 19th. Stifel Nicolaus set a $65.00 price objective on shares of NIKE and gave the stock a “hold” rating in a report on Friday, December 19th. Oppenheimer reiterated an “outperform” rating on shares of NIKE in a research note on Wednesday, December 17th. Finally, KeyCorp set a $90.00 price target on NIKE and gave the stock an “overweight” rating in a research note on Thursday, October 2nd. Two analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, NIKE currently has a consensus rating of “Moderate Buy” and an average price target of $75.84.

Key Stores Impacting NIKE

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: Apple CEO/director Timothy Cook doubled his personal stake (~50,000 shares, ~$2.9M), a high‑visibility insider buy that lifted investor confidence and helped spark the rally. Tim Cook purchase
• Positive Sentiment: Another director, Robert Holmes Swan, also bought ~8,691 shares (~$500k), adding to the insider accumulation narrative that supports near‑term sentiment. Holmes Swan Form 4
• Positive Sentiment: Unusual call‑option activity showed traders positioning for upside, magnifying the short‑term lift in the stock. Options flow story
• Neutral Sentiment: Analyst consensus remains a “Moderate Buy” with mixed price targets; some firms reiterate constructive long‑term views while others are more cautious — useful context but not decisive by itself. Analyst consensus
• Negative Sentiment: Several analysts trimmed price targets (Argus cut to $70; Daiwa to $61), reflecting concerns about near‑term growth and margins and putting downward pressure on valuation expectations. Argus PT cut Daiwa PT cut
• Negative Sentiment: Analyst/industry writeups warn of persistent margin compression, China demand weakness and a high payout ratio — themes that drove the earlier post‑earnings selloff and limit near‑term upside. Margin concerns analysis
• Negative Sentiment: Operational hiccups (e.g., a trademark snag around a nostalgia product critical to World Cup plans) add execution risk for key seasonal initiatives. WSJ trademark hitch

NIKE Stock Up 4.8%

NKE stock opened at $60.08 on Friday. The company has a market cap of $88.80 billion, a price-to-earnings ratio of 35.34, a P/E/G ratio of 2.57 and a beta of 1.29. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.40 and a current ratio of 2.06. The business’s 50-day moving average is $64.34 and its two-hundred day moving average is $69.29. NIKE, Inc. has a fifty-two week low of $52.28 and a fifty-two week high of $82.44.

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

NIKE Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 2nd. Shareholders of record on Monday, December 1st will be given a $0.41 dividend. The ex-dividend date is Monday, December 1st. This is a boost from NIKE’s previous quarterly dividend of $0.40. This represents a $1.64 annualized dividend and a yield of 2.7%. NIKE’s payout ratio is 96.47%.

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).