Nordea Investment Management AB Decreases Stake in NIKE, Inc. $NKE

Nordea Investment Management AB lessened its holdings in shares of NIKE, Inc. (NYSE:NKE) by 12.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,648,756 shares of the footwear maker’s stock after selling 230,425 shares during the period. Nordea Investment Management AB’s holdings in NIKE were worth $113,599,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Mascoma Wealth Management LLC acquired a new position in shares of NIKE during the 2nd quarter worth approximately $26,000. Halbert Hargrove Global Advisors LLC lifted its position in NIKE by 952.6% during the second quarter. Halbert Hargrove Global Advisors LLC now owns 400 shares of the footwear maker’s stock worth $28,000 after buying an additional 362 shares in the last quarter. Matrix Trust Co boosted its stake in NIKE by 53.1% during the second quarter. Matrix Trust Co now owns 441 shares of the footwear maker’s stock worth $31,000 after buying an additional 153 shares during the last quarter. Twin Peaks Wealth Advisors LLC purchased a new stake in NIKE in the 2nd quarter valued at $31,000. Finally, Opal Wealth Advisors LLC acquired a new stake in shares of NIKE in the 2nd quarter worth $35,000. Institutional investors and hedge funds own 64.25% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on NKE. Argus reduced their price target on NIKE from $85.00 to $70.00 in a report on Tuesday, December 23rd. Oppenheimer reaffirmed an “outperform” rating on shares of NIKE in a research note on Wednesday, December 17th. Truist Financial set a $70.00 target price on shares of NIKE and gave the company a “buy” rating in a report on Friday, December 19th. JPMorgan Chase & Co. cut their price target on shares of NIKE from $100.00 to $86.00 and set a “buy” rating for the company in a report on Monday, November 17th. Finally, Morgan Stanley set a $72.00 price objective on NIKE and gave the company a “positive” rating in a report on Wednesday, October 1st. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, twelve have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $75.16.

Insider Transactions at NIKE

In related news, Chairman Mark G. Parker sold 86,078 shares of the stock in a transaction dated Friday, November 14th. The stock was sold at an average price of $64.80, for a total transaction of $5,577,854.40. Following the transaction, the chairman owned 647,615 shares of the company’s stock, valued at approximately $41,965,452. This represents a 11.73% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Robert Holmes Swan bought 8,691 shares of the stock in a transaction that occurred on Monday, December 22nd. The shares were purchased 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 directly 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 disclosure for this purchase is available in the SEC filing. In the last three months, insiders have bought 91,229 shares of company stock worth $5,452,640. 0.80% of the stock is owned by corporate insiders.

NIKE Price Performance

NIKE stock opened at $66.22 on Wednesday. The company’s 50 day simple moving average is $63.61 and its 200-day simple moving average is $69.55. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.40 and a current ratio of 2.06. NIKE, Inc. has a 1 year low of $52.28 and a 1 year high of $82.44. The company has a market capitalization of $98.03 billion, a price-to-earnings ratio of 38.95, a price-to-earnings-growth ratio of 3.37 and a beta of 1.28.

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

NIKE Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 2nd. Stockholders of record on Monday, December 1st were paid a $0.41 dividend. The ex-dividend date of this dividend was Monday, December 1st. This is a boost 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 payout ratio is presently 96.47%.

More NIKE News

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: Jim Cramer said there’s “a lot of value in Nike,” highlighting the stock as attractive amid market rotation and reinforcing a bullish narrative that can draw buyers. Jim Cramer says “there’s a lot of value in Nike”
• Positive Sentiment: Additional Cramer coverage frames Nike as “ahead of schedule” on its turnaround, which supports expectations that operational improvements could accelerate and justify higher multiples. “Nike (NKE) is Ahead of Schedule,” Says Jim Cramer
• Positive Sentiment: Nike signed its first major pickleball partnership with phenom Anna Leigh Waters, expanding brand exposure in a fast-growing sport and supporting top-line and lifestyle relevance in younger demographics. This is a clear marketing/partnership positive. Nike signs its first pickleball deal with phenom Anna Leigh Waters
• Neutral Sentiment: Market commentary (Benzinga) notes shares are edging higher despite the company progressing more slowly than some expected on its turnaround — suggesting the move is sentiment-driven rather than earnings-driven so far. Nike Shares Edge Higher Tuesday: What’s Behind The Strength?
• Neutral Sentiment: Insider buying (including CEO Elliott Hill and some directors) signals confidence from management, but coverage cautions this is not a guaranteed catalyst — insiders can buy for many reasons while other insiders sold earlier. Investors should weigh these signals against broader flows. Nike insiders are buying – but the downside risk isn’t gone
• Neutral Sentiment: Legislative news (House passage of an AGOA extension) could modestly help sourcing flexibility for apparel supply chains over time, but the impact on near-term Nike fundamentals is indirect. Congress Vote: The House has passed H.R. 6500 – AGOA Extension Act
• Negative Sentiment: Analyst downgrades, price-target cuts and evidence of institutional selling are flagged in recent analysis; these factors create downside risk if upcoming fiscal-quarter results (mid-March) disappoint, which could trigger further downside despite current optimism. Nike Insiders Are Buying—But the Downside Risk Isn’t Gone

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).