NIKE, Inc. $NKE Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC cut its position in NIKE, Inc. (NYSE:NKE) by 62.5% during the 4th quarter, HoldingsChannel reports. The firm owned 1,153,087 shares of the footwear maker’s stock after selling 1,923,982 shares during the quarter. SG Americas Securities LLC’s holdings in NIKE were worth $73,463,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of NIKE in the second quarter valued at approximately $31,000. Guerra Advisors Inc bought a new stake in shares of NIKE during the third quarter valued at approximately $34,000. Gordian Capital Singapore Pte Ltd acquired a new position in shares of NIKE during the third quarter worth approximately $35,000. Accredited Wealth Management LLC grew its holdings in NIKE by 268.6% in the 3rd quarter. Accredited Wealth Management LLC now owns 516 shares of the footwear maker’s stock worth $36,000 after buying an additional 376 shares in the last quarter. Finally, Strive Asset Management LLC bought a new position in NIKE in the 3rd quarter worth approximately $40,000. 64.25% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Elliott Hill bought 16,388 shares of the firm’s stock in a transaction that occurred on Monday, December 29th. The stock was acquired at an average price of $61.10 per share, with a total value of $1,001,306.80. Following the completion of the purchase, the chief executive officer directly owned 241,587 shares of the company’s stock, valued at $14,760,965.70. This represents a 7.28% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. 0.80% of the stock is owned by corporate insiders.

NIKE Stock Performance

Shares of NYSE NKE opened at $53.51 on Wednesday. The stock has a fifty day moving average price of $60.92 and a two-hundred day moving average price of $64.43. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.40 and a current ratio of 2.06. The firm has a market cap of $79.21 billion, a P/E ratio of 31.48, a PEG ratio of 2.70 and a beta of 1.27. NIKE, Inc. has a 1 year low of $52.17 and a 1 year high of $80.17.

NIKE Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Monday, March 2nd will be issued a $0.41 dividend. The ex-dividend date is Monday, March 2nd. This represents a $1.64 annualized dividend and a dividend yield of 3.1%. NIKE’s dividend payout ratio is 96.47%.

Analysts Set New Price Targets

Several analysts have weighed in on the company. Bank of America cut their target price on NIKE from $84.00 to $73.00 and set a “buy” rating on the stock in a research note on Friday, December 19th. Wells Fargo & Company set a $65.00 price target on NIKE and gave the stock an “overweight” rating in a research note on Friday, December 19th. Stifel Nicolaus set a $65.00 price target on NIKE and gave the company a “hold” rating in a report on Friday, December 19th. The Goldman Sachs Group cut their price objective on shares of NIKE from $77.00 to $76.00 and set a “buy” rating on the stock in a research note on Thursday, January 29th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on shares of NIKE from $67.00 to $54.00 and set a “hold” rating for the company in a report on Monday. Twenty-two research 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 company currently has a consensus rating of “Moderate Buy” and an average target price of $73.43.

Key Stories Impacting 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?

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).