Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Sells 15,610 Shares of NIKE, Inc. $NKE

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA cut its holdings in NIKE, Inc. (NYSE:NKE) by 2.1% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 735,248 shares of the footwear maker’s stock after selling 15,610 shares during the quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in NIKE were worth $51,232,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of NKE. Exchange Traded Concepts LLC grew its position in NIKE by 697.5% in the 3rd quarter. Exchange Traded Concepts LLC now owns 228,889 shares of the footwear maker’s stock valued at $15,960,000 after acquiring an additional 200,187 shares during the last quarter. Soros Fund Management LLC raised its holdings in shares of NIKE by 33.0% in the second quarter. Soros Fund Management LLC now owns 302,320 shares of the footwear maker’s stock valued at $21,477,000 after acquiring an additional 75,000 shares in the last quarter. Brighton Jones LLC lifted its stake in NIKE by 54.6% in the third quarter. Brighton Jones LLC now owns 104,791 shares of the footwear maker’s stock worth $7,307,000 after acquiring an additional 37,019 shares during the period. Soltis Investment Advisors LLC grew its holdings in NIKE by 238.8% during the 2nd quarter. Soltis Investment Advisors LLC now owns 141,356 shares of the footwear maker’s stock worth $10,042,000 after acquiring an additional 99,638 shares in the last quarter. Finally, Banco Santander S.A. increased its position in NIKE by 28.3% during the 2nd quarter. Banco Santander S.A. now owns 221,117 shares of the footwear maker’s stock valued at $15,708,000 after purchasing an additional 48,764 shares during the period. 64.25% of the stock is currently owned by institutional investors.

Insider Transactions at NIKE

In related news, Director Robert Holmes Swan acquired 8,691 shares of the business’s stock in a transaction on Monday, December 22nd. The shares were bought at an average price of $57.54 per share, with a total value of $500,080.14. Following the completion of the acquisition, the director owned 43,293 shares in the company, valued at $2,491,079.22. This trade represents a 25.12% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Elliott Hill bought 16,388 shares of the stock in a transaction dated Monday, December 29th. The stock was bought at an average price of $61.10 per share, with a total value of $1,001,306.80. Following the acquisition, the chief executive officer owned 241,587 shares in the company, valued at approximately $14,760,965.70. This represents a 7.28% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders acquired a total of 91,229 shares of company stock valued at $5,452,640 over the last three months. 0.80% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on NKE shares. Jefferies Financial Group reiterated a “buy” rating and issued a $115.00 price target on shares of NIKE in a report on Friday, December 12th. Robert W. Baird decreased their target price on NIKE from $93.00 to $85.00 and set an “outperform” rating for the company in a report on Friday, December 19th. Raymond James Financial reiterated a “market perform” rating on shares of NIKE in a report on Monday, December 15th. Oppenheimer restated an “outperform” rating on shares of NIKE in a research note on Wednesday, December 17th. Finally, BNP Paribas Exane cut their price objective on shares of NIKE from $38.00 to $35.00 and set an “underperform” rating on the stock in a research note on Friday, December 19th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $75.32.

Key Stories Impacting NIKE

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: Insider buying and high-profile bullish commentary — Directors and the CEO have recently bought shares, and Jim Cramer highlighted that insider purchases as a signal the turnaround may be gaining traction; insider purchases often boost investor confidence in near-term upside. Jim Cramer Says Insider Buying in Nike Signals “That the Business Is Indeed Turning”
• Positive Sentiment: Sanford C. Bernstein reaffirmed a Buy rating — A retained Buy from a major firm supports the turnaround narrative and can help underpin valuation expectations ahead of upcoming quarters. Sanford C. Bernstein Reaffirms “Buy” Rating for NIKE (NYSE:NKE)
• Neutral Sentiment: Relative-value pieces and “buy the dip” coverage — Several outlets (Zacks, MarketBeat) compare NKE vs. Adidas and discuss whether Nike is a dip-buy; useful for positioning but not immediate catalysts. ADDYY or NKE: Which Is the Better Value Stock Right Now?
• Neutral Sentiment: New coverage and model chatter — Deutsche Bank initiated coverage with a Hold and various media pieces (including a ChatGPT price projection) add noise but little fundamental clarity; these items can influence short-term flows.
• Negative Sentiment: Analyst skepticism on turnaround timing — Needham flagged that early “brand heat” may not translate quickly into sustainable growth, emphasizing uncertainty around the timeline for recovery. That raises risk around near-term execution. Nike ‘Brand Heat’ Not Enough, Analyst Says: ‘Timeline Is Uncertain At Best’
• Negative Sentiment: Downgrades and China concerns — TipRanks reported a downgrade citing slow turnaround progress and China weakness remains a recurring headwind; RBC cut its price target while saying profitable growth is possible, and another bank issued pessimistic forecasts — these weigh on medium-term upside and multiple expansion. Nike Stock (NKE) Is Downgraded on Slow Turnaround Progress RBC lowers Nike (NKE) target but sees path to profitable growth intact Royal Bank Of Canada Issues Pessimistic Forecast for NIKE (NYSE:NKE) Stock Price

NIKE Stock Up 0.9%

NKE stock opened at $65.87 on Monday. The company has a current ratio of 2.06, a quick ratio of 1.40 and a debt-to-equity ratio of 0.50. The firm has a 50-day moving average of $63.46 and a two-hundred day moving average of $69.57. The company has a market cap of $97.51 billion, a price-to-earnings ratio of 38.74, a PEG ratio of 2.84 and a beta of 1.28. NIKE, Inc. has a 12 month low of $52.28 and a 12 month high of $82.44.

NIKE (NYSE:NKE) last issued its 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 return on equity of 18.43% and a net margin of 5.43%.The business had revenue of $12.43 billion during the quarter, compared to the consensus estimate of $12.19 billion. During the same period last year, the company earned $0.78 EPS. The company’s revenue for the quarter was up .6% on a year-over-year basis. As a group, analysts forecast that NIKE, Inc. will post 2.05 earnings per share for the current fiscal year.

NIKE Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 2nd. Investors of record on Monday, December 1st were paid a dividend of $0.41 per share. The ex-dividend date was Monday, December 1st. This is a positive change from NIKE’s previous quarterly dividend of $0.40. This represents a $1.64 annualized dividend and a yield of 2.5%. NIKE’s dividend payout ratio (DPR) is presently 96.47%.

NIKE Company 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).