Bryn Mawr Trust Advisors LLC Boosts Stake in NIKE, Inc. $NKE

Bryn Mawr Trust Advisors LLC raised its stake in shares of NIKE, Inc. (NYSE:NKE) by 263.8% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 80,198 shares of the footwear maker’s stock after buying an additional 58,155 shares during the quarter. Bryn Mawr Trust Advisors LLC’s holdings in NIKE were worth $4,236,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of NKE. Bleakley Financial Group LLC raised its stake in NIKE by 49.0% in the 1st quarter. Bleakley Financial Group LLC now owns 60,172 shares of the footwear maker’s stock valued at $3,178,000 after purchasing an additional 19,799 shares during the last quarter. NWF Advisory Services Inc. acquired a new stake in shares of NIKE during the 1st quarter worth about $239,000. Principal Financial Group Inc. grew its holdings in shares of NIKE by 0.5% during the first quarter. Principal Financial Group Inc. now owns 1,406,069 shares of the footwear maker’s stock worth $74,269,000 after buying an additional 7,396 shares in the last quarter. Absher Wealth Management LLC grew its holdings in shares of NIKE by 1.3% during the first quarter. Absher Wealth Management LLC now owns 500,596 shares of the footwear maker’s stock worth $26,442,000 after buying an additional 6,522 shares in the last quarter. Finally, CORDA Investment Management LLC. raised its position in shares of NIKE by 12.1% in the first quarter. CORDA Investment Management LLC. now owns 196,382 shares of the footwear maker’s stock valued at $10,373,000 after buying an additional 21,181 shares during the last quarter. Hedge funds and other institutional investors own 64.25% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on NKE shares. Evercore set a $46.00 price objective on shares of NIKE and gave the company an “in-line” rating in a research note on Tuesday, June 23rd. Sanford C. Bernstein set a $72.00 target price on shares of NIKE and gave the stock an “outperform” rating in a research note on Wednesday, July 1st. DZ Bank reiterated a “buy” rating on shares of NIKE in a report on Tuesday, April 21st. Bank of America reduced their price target on NIKE from $55.00 to $47.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 1st. Finally, Citigroup decreased their price objective on NIKE from $47.00 to $45.00 and set a “neutral” rating on the stock in a report on Wednesday, July 1st. Thirteen analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $54.80.

Insider Buying and Selling at NIKE

In other news, EVP Philip Mccartney sold 17,398 shares of the 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 completion of the sale, the executive vice president owned 53,133 shares in the company, valued at approximately $2,453,681.94. This trade represents a 24.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 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. 0.80% of the stock is owned by insiders.

Key Headlines Impacting NIKE

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: NIKE’s increased brand investments may be supporting demand and consumer engagement, which could help longer-term revenue growth if the company converts that attention into sales. NIKE’s Brand Investments: Building Growth or Hurting Margins?
• Positive Sentiment: Brokerages continue to rate NIKE as a “Hold,” suggesting analysts see limited upside catalysts right now but do not expect an immediate collapse in fundamentals. NIKE, Inc. (NYSE:NKE) Given Average Rating of “Hold” by Brokerages
• Neutral Sentiment: Several articles focus on NIKE’s long-term performance and recent CEO share buying, but these are more commentary than fresh operational updates, so they are less likely to move the stock on their own. Nike Stock Is Down 44% From Its High…
• Negative Sentiment: Multiple reports highlight margin pressure from higher marketing and transformation spending, which could weigh on near-term earnings power. NIKE’s Brand Investments: Building Growth or Hurting Margins?
• Negative Sentiment: Analysts and commentators are warning that NIKE faces additional downside as retail and industry-wide challenges build, including weak demand, tariffs, excess inventory, and restructuring issues. Nike (NKE) Has More Downside Ahead as Challenges Rise
• Negative Sentiment: Bearish articles also point out that NIKE’s recent earnings beat was boosted by a one-time tariff refund, while underlying revenue growth and margins remain weak, limiting confidence in a durable turnaround. Nike: Iconic Brand But Wouldn’t Touch It With A 10 Foot Pole Right Now

NIKE Stock Performance

Shares of NKE stock opened at $43.79 on Tuesday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.36 and a current ratio of 1.96. The firm has a market capitalization of $64.84 billion, a price-to-earnings ratio of 20.95, a price-to-earnings-growth ratio of 2.56 and a beta of 1.12. NIKE, Inc. has a one year low of $40.00 and a one year high of $80.17. The company has a 50 day moving average price of $43.70 and a 200 day moving average price of $52.27.

NIKE (NYSE:NKE) last announced its quarterly earnings results on Tuesday, June 30th. The footwear maker reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.09. NIKE had a net margin of 6.70% and a return on equity of 16.54%. The company had revenue of $10.97 billion for the quarter, compared to analyst estimates of $10.85 billion. During the same quarter last year, the business earned $0.14 EPS. NIKE’s revenue for the quarter was down 1.1% on a year-over-year basis. Sell-side analysts anticipate that NIKE, Inc. will post 1.76 EPS for the current year.

NIKE Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 1st. Stockholders of record on Monday, June 1st were given a $0.41 dividend. The ex-dividend date of this dividend was Monday, June 1st. This represents a $1.64 annualized dividend and a dividend yield of 3.7%. NIKE’s dividend payout ratio is presently 78.47%.

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).