Bath Savings Trust Co lowered its position in shares of NIKE, Inc. (NYSE:NKE – Free Report) by 10.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 103,133 shares of the footwear maker’s stock after selling 12,521 shares during the quarter. Bath Savings Trust Co’s holdings in NIKE were worth $6,571,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently modified their holdings of NKE. Twin Peaks Wealth Advisors LLC bought a new position in shares of NIKE in the 2nd quarter worth about $31,000. Guerra Advisors Inc bought a new stake in NIKE during the third quarter worth about $34,000. Gordian Capital Singapore Pte Ltd bought a new stake in NIKE during the third quarter worth about $35,000. Accredited Wealth Management LLC grew its holdings in NIKE by 268.6% in the third quarter. Accredited Wealth Management LLC now owns 516 shares of the footwear maker’s stock worth $36,000 after purchasing an additional 376 shares during the period. Finally, Strive Asset Management LLC purchased a new stake in NIKE in the third quarter worth about $40,000. 64.25% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several research firms have recently issued reports on NKE. BNP Paribas Exane lowered their target price on shares of NIKE from $38.00 to $35.00 and set an “underperform” rating for the company in a report on Friday, December 19th. Jefferies Financial Group restated a “buy” rating on shares of NIKE in a research note on Thursday, March 12th. Truist Financial set a $69.00 price objective on NIKE in a research report on Wednesday, January 14th. Oppenheimer reiterated an “outperform” rating on shares of NIKE in a research note on Wednesday, December 17th. Finally, Daiwa Securities Group dropped their target price on NIKE from $75.00 to $61.00 in a report on Tuesday, December 23rd. Twenty-two analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $73.43.
Trending Headlines about NIKE
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?
Insider Transactions at NIKE
In related news, CEO Elliott Hill bought 16,388 shares of the stock in a transaction on Monday, December 29th. The shares were acquired at an average price of $61.10 per share, for a total transaction of $1,001,306.80. Following the purchase, the chief executive officer owned 241,587 shares of the company’s stock, valued at approximately $14,760,965.70. The trade was a 7.28% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.80% of the company’s stock.
NIKE Stock Up 1.5%
NKE stock opened at $53.51 on Wednesday. The stock has a market capitalization of $79.21 billion, a P/E ratio of 31.48, a P/E/G ratio of 2.70 and a beta of 1.27. 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, Inc. has a 1-year low of $52.17 and a 1-year high of $80.17. The business has a fifty day moving average price of $60.92 and a 200-day moving average price of $64.43.
NIKE Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Monday, March 2nd will be given a $0.41 dividend. The ex-dividend date of this dividend 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 96.47%.
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).
Further Reading
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