Envestnet Portfolio Solutions Inc. Reduces Stake in NIKE, Inc. $NKE

Envestnet Portfolio Solutions Inc. cut its position in shares of NIKE, Inc. (NYSE:NKE) by 76.2% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 18,603 shares of the footwear maker’s stock after selling 59,510 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in NIKE were worth $1,297,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of NKE. Mascoma Wealth Management LLC purchased a new stake in shares of NIKE in the second quarter valued at approximately $26,000. Halbert Hargrove Global Advisors LLC raised its holdings in NIKE by 952.6% in the second quarter. Halbert Hargrove Global Advisors LLC now owns 400 shares of the footwear maker’s stock worth $28,000 after purchasing an additional 362 shares in the last quarter. Twin Peaks Wealth Advisors LLC purchased a new stake in NIKE during the second quarter valued at approximately $31,000. NewSquare Capital LLC boosted its position in shares of NIKE by 54.4% in the 2nd quarter. NewSquare Capital LLC now owns 732 shares of the footwear maker’s stock worth $52,000 after purchasing an additional 258 shares in the last quarter. Finally, Union Bancaire Privee UBP SA raised its position in shares of NIKE by 158.6% in the 2nd quarter. Union Bancaire Privee UBP SA now owns 750 shares of the footwear maker’s stock valued at $53,000 after purchasing an additional 460 shares during the last quarter. Institutional investors own 64.25% of the company’s stock.

Wall Street Analyst Weigh In

NKE has been the subject of a number of research reports. Piper Sandler set a $75.00 target price on NIKE and gave the stock an “overweight” rating in a report on Friday, December 19th. Truist Financial set a $69.00 target price on shares of NIKE in a research note on Wednesday, January 14th. Sanford C. Bernstein reissued a “buy” rating and issued a $85.00 price target on shares of NIKE in a research note on Tuesday, January 6th. Royal Bank Of Canada reiterated a “buy” rating on shares of NIKE in a report on Wednesday, January 21st. Finally, Telsey Advisory Group dropped their target price on shares of NIKE from $75.00 to $72.00 and set a “market perform” rating for the company in a report on Friday, December 19th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, NIKE has an average rating of “Moderate Buy” and a consensus target price of $74.65.

Insider Buying and Selling at NIKE

In related news, Director Timothy D. Cook bought 50,000 shares of the stock in a transaction on Monday, December 22nd. The shares were bought at an average cost of $58.97 per share, for a total transaction of $2,948,500.00. Following the completion of the transaction, the director owned 105,480 shares of the company’s stock, valued at $6,220,155.60. This represents a 90.12% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Mark G. Parker sold 86,078 shares of the company’s stock in a transaction on Friday, November 14th. The shares were sold at an average price of $64.80, for a total value of $5,577,854.40. Following the completion of the sale, the chairman directly owned 647,615 shares in the company, valued at $41,965,452. This trade represents a 11.73% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders acquired 91,229 shares of company stock valued at $5,452,640. Insiders own 0.80% of the company’s stock.

NIKE Trading Down 2.9%

NKE opened at $63.11 on Wednesday. The business has a fifty day moving average price of $63.97 and a 200 day moving average price of $68.86. The stock has a market capitalization of $93.42 billion, a price-to-earnings ratio of 37.12, a PEG ratio of 3.38 and a beta of 1.28. NIKE, Inc. has a 12 month low of $52.28 and a 12 month high of $82.44. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.06 and a quick ratio of 1.40.

NIKE (NYSE:NKE) last posted 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. The company had revenue of $12.43 billion for the quarter, compared to analysts’ expectations of $12.19 billion. NIKE had a return on equity of 18.43% and a net margin of 5.43%.NIKE’s quarterly revenue was up .6% on a year-over-year basis. During the same period last year, the firm earned $0.78 earnings per share. Sell-side analysts expect that NIKE, Inc. will post 2.05 earnings per share for the current fiscal year.

NIKE Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 2nd. Stockholders of record on Monday, December 1st were issued a $0.41 dividend. The ex-dividend date of this dividend was Monday, December 1st. This is an increase from NIKE’s previous quarterly dividend of $0.40. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.6%. NIKE’s dividend payout ratio is presently 96.47%.

Key Stories Impacting NIKE

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: BTIG reaffirmed a “buy” on NKE and set a $100 price target, signaling strong upside from current levels and giving investors a reason to view recent weakness as a buying opportunity. Benzinga: BTIG buy rating
• Positive Sentiment: Insider/management buying highlighted in commentary (Fool) — Nike’s CEO has been buying shares, which investors often see as a vote of confidence in the turnaround. Nike Stock Is Down, but Is It a Buy?
• Neutral Sentiment: Longer-term debate over relative value persists — several write-ups compare Nike to peers (Adidas) and weigh valuation vs. growth, leaving investors to decide if the pullback offers a durable value entry. ADDYY or NKE: Which Is the Better Value Stock Right Now?
• Neutral Sentiment: Some analysts note top-line stabilization but mixed segment trends — commentators say Nike’s revenue has steadied but certain regions/products still lag, making the recovery uneven. Down More Than 50% in 3 Years, Is Now Finally the Time to Buy Nike Stock?
• Negative Sentiment: Nike announced plans to cut ~775 U.S. distribution jobs to accelerate automation and improve margins — the move reduces costs but raises near-term execution and reputational risks; it’s a key reason for today’s negative sentiment. Nike to cut 775 jobs in US distribution centers, CNBC reports
• Negative Sentiment: Nike is investigating claims by a ransomware group that it leaked 1.4 TB of company data — a potential breach raises legal, operational and brand risks; uncertainty around scope likely weighed on the stock. Nike says it is investigating possible data breach
• Negative Sentiment: Demand headwinds in China and softer digital traffic are testing Nike’s two major growth engines, raising questions about the pace of the turnaround and near-term revenue recovery. Can NIKE Regain Its Stride as China and Digital Momentum Falter?
• Negative Sentiment: Market reports and wire coverage note the stock fell on the session as these operational and security concerns outweighed the positive notes. Nike (NKE) Stock Sinks As Market Gains: Here’s Why

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).