Jefferies Financial Group Inc. Has $6.60 Million Stock Position in NIKE, Inc. $NKE

Jefferies Financial Group Inc. grew its holdings in NIKE, Inc. (NYSE:NKE) by 428.1% in the second quarter, HoldingsChannel reports. The fund owned 160,753 shares of the footwear maker’s stock after buying an additional 130,315 shares during the period. Jefferies Financial Group Inc.’s holdings in NIKE were worth $6,599,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also modified their holdings of the company. Westerkirk Capital Inc. grew its position in shares of NIKE by 52.4% in the fourth quarter. Westerkirk Capital Inc. now owns 131,220 shares of the footwear maker’s stock valued at $8,360,000 after purchasing an additional 45,100 shares in the last quarter. OMERS ADMINISTRATION Corp boosted its stake in NIKE by 77.9% in the 4th quarter. OMERS ADMINISTRATION Corp now owns 2,526,179 shares of the footwear maker’s stock worth $160,943,000 after purchasing an additional 1,106,499 shares during the period. OneDigital Investment Advisors LLC boosted its stake in NIKE by 32.8% in the 2nd quarter. OneDigital Investment Advisors LLC now owns 244,296 shares of the footwear maker’s stock worth $10,028,000 after purchasing an additional 60,375 shares during the period. PFA Pension Forsikringsaktieselskab bought a new position in NIKE in the 4th quarter worth about $43,188,000. Finally, Nicholas Company Inc. grew its holdings in NIKE by 33.3% during the 4th quarter. Nicholas Company Inc. now owns 123,652 shares of the footwear maker’s stock valued at $7,878,000 after buying an additional 30,890 shares in the last quarter. 64.25% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at NIKE

In related news, insider Amy Montagne sold 4,867 shares of the stock in a transaction on Friday, August 7th. The stock was sold at an average price of $42.05, for a total value of $204,657.35. Following the transaction, the insider owned 57,436 shares of the company’s stock, valued at $2,415,183.80. This represents a 7.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Philip Mccartney sold 17,398 shares of NIKE stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $46.18, for a total value of $803,439.64. Following the sale, the executive vice president directly owned 53,133 shares of the company’s stock, valued at approximately $2,453,681.94. This trade represents a 24.67% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 26,142 shares of company stock worth $1,169,380 in the last three months. Insiders own 1.10% of the company’s stock.

NIKE Trading Up 2.9%

Shares of NIKE stock opened at $39.57 on Friday. NIKE, Inc. has a 1 year low of $38.17 and a 1 year high of $79.13. The firm has a market cap of $58.70 billion, a PE ratio of 18.93, a PEG ratio of 1.71 and a beta of 1.11. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.96 and a quick ratio of 1.36. The company has a 50 day simple moving average of $41.91 and a two-hundred day simple moving average of $47.11.

NIKE (NYSE:NKE) last released its quarterly earnings results on Tuesday, June 30th. The footwear maker reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.09. The business had revenue of $10.97 billion during the quarter, compared to analysts’ expectations of $10.85 billion. NIKE had a net margin of 6.70% and a return on equity of 16.54%. The business’s quarterly revenue was down 1.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.14 EPS. Analysts expect that NIKE, Inc. will post 1.74 earnings per share for the current fiscal year.

NIKE Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Tuesday, September 1st will be given a $0.41 dividend. The ex-dividend date is Tuesday, September 1st. This represents a $1.64 annualized dividend and a yield of 4.1%. NIKE’s payout ratio is 78.47%.

NIKE News Summary

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: Traders purchased 182,729 NKE call options, 59% above typical daily call volume. The activity may reflect increased bullish speculation, although options positioning does not guarantee sustained buying in the shares.
• Positive Sentiment: Grupo SBF extended its exclusive Nike distribution agreement in Brazil through 2034. The longer arrangement provides continued access to an important Latin American market and supports Nike’s regional distribution network. Grupo SBF Extends Exclusive Nike Distribution Deal in Brazil to 2034
• Neutral Sentiment: NIKE said it will release fiscal first-quarter 2027 results on October 1 after the market close, followed by a management conference call. Investors will look for evidence that the company’s turnaround is improving sales, inventory levels and margins. NIKE Announces First Quarter Fiscal 2027 Earnings and Conference Call
• Neutral Sentiment: NIKE appointed Walmart veteran Jane Ewing as chief commercial officer to help lead its comeback. The hire could strengthen execution and retail strategy, but investors are likely to want measurable results before assigning significant value to the turnaround. Nike Taps Walmart Veteran to Help Drive Comeback
• Negative Sentiment: Reports say Nike’s China business continues to shrink as domestic competitors gain market share and the brand struggles to remain locally relevant. China weakness threatens a key source of long-term growth. Why America’s Biggest Brands Keep Losing in China
• Negative Sentiment: Analysts and market commentary continue to cite soft consumer confidence, weaker traffic, excess legacy inventory and doubts about product innovation. These concerns reinforce expectations for a prolonged recovery and have contributed to reduced price targets and bearish sentiment.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on NKE. Stifel Nicolaus set a $45.00 price target on shares of NIKE and gave the stock a “hold” rating in a report on Wednesday, July 1st. Deutsche Bank Aktiengesellschaft upped their target price on shares of NIKE from $43.00 to $45.00 and gave the stock a “hold” rating in a report on Friday, July 17th. Bank of America lowered their target price on shares of NIKE from $55.00 to $47.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 1st. Needham & Company LLC reissued a “hold” rating on shares of NIKE in a report on Thursday, June 4th. Finally, BTIG Research restated a “buy” rating and set a $55.00 price target on shares of NIKE in a research report on Wednesday, July 1st. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, twenty have given a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat, NIKE currently has an average rating of “Hold” and an average target price of $52.94.

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).