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

Stonegate Investment Group LLC lessened its position in shares of NIKE, Inc. (NYSE:NKE) by 2.0% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor 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.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Mascoma Wealth Management LLC acquired a new position in shares of NIKE during the second quarter worth $26,000. Halbert Hargrove Global Advisors LLC raised its stake in NIKE by 952.6% in the second quarter. Halbert Hargrove Global Advisors LLC now owns 400 shares of the footwear maker’s stock valued at $28,000 after buying an additional 362 shares in the last quarter. Twin Peaks Wealth Advisors LLC acquired a new stake in NIKE in the second quarter valued at $31,000. NewSquare Capital LLC lifted its holdings in NIKE by 54.4% during the 2nd quarter. NewSquare Capital LLC now owns 732 shares of the footwear maker’s stock worth $52,000 after buying an additional 258 shares during the last quarter. Finally, Union Bancaire Privee UBP SA boosted its position in shares of NIKE by 158.6% during the 2nd quarter. Union Bancaire Privee UBP SA now owns 750 shares of the footwear maker’s stock worth $53,000 after acquiring an additional 460 shares in the last quarter. 64.25% of the stock is currently owned by institutional investors and hedge funds.

NIKE Price Performance

NKE stock opened at $65.06 on Tuesday. 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 company has a market capitalization of $96.32 billion, a P/E ratio of 38.27, a PEG ratio of 3.38 and a beta of 1.28. The business has a 50 day simple moving average of $63.96 and a 200-day simple moving average of $68.92. NIKE, Inc. has a twelve month low of $52.28 and a twelve month high of $82.44.

NIKE (NYSE:NKE) last announced its earnings results on Thursday, December 18th. The footwear maker reported $0.53 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.16. The business had revenue of $12.43 billion for the quarter, compared to analysts’ expectations of $12.19 billion. NIKE had a net margin of 5.43% and a return on equity of 18.43%. The company’s quarterly revenue was up .6% on a year-over-year basis. During the same period in the previous year, the company posted $0.78 EPS. As a group, equities analysts anticipate that NIKE, Inc. will post 2.05 EPS for the current year.

NIKE Increases Dividend

The firm 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 a positive change from NIKE’s previous quarterly dividend of $0.40. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.5%. NIKE’s dividend payout ratio is currently 96.47%.

NIKE News Summary

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

Insider Buying and Selling at NIKE

In related news, Director Jorgen Vig Knudstorp acquired 16,150 shares of NIKE stock in a transaction on Friday, November 7th. The stock was purchased at an average cost of $62.09 per share, with a total value of $1,002,753.50. Following the purchase, the director directly owned 21,388 shares in the company, valued at approximately $1,327,980.92. The trade was a 308.32% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Elliott Hill acquired 16,388 shares of the firm’s stock in a transaction on Monday, December 29th. The shares were bought at an average cost of $61.10 per share, with a total value of $1,001,306.80. Following the completion of the transaction, the chief executive officer directly owned 241,587 shares in the company, valued at $14,760,965.70. This trade represents a 7.28% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last ninety days, insiders have acquired 91,229 shares of company stock valued at $5,452,640. Corporate insiders own 0.80% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on NKE shares. Needham & Company LLC lowered NIKE from a “buy” rating to a “hold” rating in a research report on Thursday, January 8th. Robert W. Baird dropped their price target on shares of NIKE from $93.00 to $85.00 and set an “outperform” rating on the stock in a research note on Friday, December 19th. KeyCorp cut their price objective on shares of NIKE from $90.00 to $75.00 and set an “overweight” rating on the stock in a report on Thursday, January 22nd. Argus reduced their price objective on shares of NIKE from $85.00 to $70.00 in a research report on Tuesday, December 23rd. Finally, BNP Paribas Exane dropped their target price on shares of NIKE from $38.00 to $35.00 and set an “underperform” rating on the stock in a research report on Friday, December 19th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, NIKE currently has an average rating of “Moderate Buy” and a consensus target price of $74.65.

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).