Legal & General Group Plc Lowers Position in NIKE, Inc. $NKE

Legal & General Group Plc trimmed its position in shares of NIKE, Inc. (NYSE:NKE) by 4.4% during the third quarter, Holdings Channel.com reports. The fund owned 8,721,217 shares of the footwear maker’s stock after selling 403,602 shares during the quarter. Legal & General Group Plc’s holdings in NIKE were worth $608,130,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in NKE. Twin Peaks Wealth Advisors LLC purchased a new stake in shares of NIKE in the second quarter valued at about $31,000. Guerra Advisors Inc bought a new stake in NIKE in the 3rd quarter worth about $34,000. Accredited Wealth Management LLC grew its position 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 purchasing an additional 376 shares in the last quarter. Abich Financial Wealth Management LLC purchased a new stake in NIKE in the 3rd quarter valued at about $43,000. Finally, Financial Consulate Inc. bought a new position in shares of NIKE during the 3rd quarter worth approximately $57,000. Institutional investors own 64.25% of the company’s stock.

Trending Headlines about NIKE

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: RBC Capital Markets reiterated an Outperform rating and a $78 price target, highlighting a path to recovery (China recovery cited as key). RBC Capital Markets Sees Path to Growth for Nike (NKE), Reiterates Outperform Rating
• Positive Sentiment: Nike established a new $1 billion, 364‑day unsecured revolving credit facility—adds short‑term liquidity and gives the company flexibility during its restructuring. Nike Establishes New $1 Billion Short-Term Credit Facility
• Positive Sentiment: Analyst coverage remains constructive (consensus around “Moderate Buy”) and some premarket commentary pointed to a bullish analyst call that briefly lifted the stock. NIKE, Inc. (NYSE:NKE) Receives Average Rating of “Moderate Buy” from Analysts
• Neutral Sentiment: Coverage on Nike’s planned “channel reset” frames the story as an operating‑model shift—critical for long‑term margins but also a multi‑year execution risk; this is more about strategy than immediate earnings. Nike’s Channel Reset Could Decide Its Next Five Years
• Neutral Sentiment: Roundups explaining intraday moves note a mix of restructuring charges and corporate actions that can produce short-term volatility while positioning the company for improved margin mix. What’s Going On With Nike Stock Today?
• Negative Sentiment: Nike has fallen for seven straight sessions, a selloff that reflects investor concern about near‑term demand, channel cleanup and the pace of China recovery. Nike drops for the seventh straight session
• Negative Sentiment: Market commentary highlights the recent 7‑day loss (~‑12%) and the sizable market‑cap decline, signaling sentiment has turned cautious and could pressure short‑term multiples. Is Nike Stock Now A Value Play?
• Negative Sentiment: Analyst/market writeups comparing sector peers point to execution and demand as reasons Nike is underperforming, keeping downside risk until channel and China trends stabilize. Why Nike is Down, and Netflix is Up

Insider Transactions at NIKE

In other news, CEO Elliott Hill purchased 16,388 shares of the business’s stock in a transaction dated Monday, December 29th. The stock was bought at an average price of $61.10 per share, for a total transaction of $1,001,306.80. Following the purchase, the chief executive officer owned 241,587 shares of the company’s stock, valued at $14,760,965.70. The trade was a 7.28% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Timothy D. Cook acquired 50,000 shares of the firm’s stock in a transaction that occurred on Monday, December 22nd. The stock was purchased at an average cost of $58.97 per share, with a total value of $2,948,500.00. Following the acquisition, the director owned 105,480 shares in the company, valued at $6,220,155.60. The trade was a 90.12% increase in their position. The SEC filing for this purchase provides additional information. In the last 90 days, insiders bought 75,079 shares of company stock worth $4,449,887. 0.80% of the stock is owned by company insiders.

NIKE Trading Down 0.8%

NYSE:NKE opened at $56.10 on Wednesday. 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 stock has a market capitalization of $83.05 billion, a PE ratio of 33.00, a price-to-earnings-growth ratio of 2.89 and a beta of 1.27. The firm’s 50 day moving average is $63.07 and its 200 day moving average is $66.03. NIKE, Inc. has a 12 month low of $52.28 and a 12 month high of $80.17.

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

NIKE Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Monday, March 2nd will be given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend is Monday, March 2nd. NIKE’s dividend payout ratio is currently 96.47%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently 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. Argus decreased their price target on NIKE from $85.00 to $70.00 in a research report on Tuesday, December 23rd. BNP Paribas Exane dropped their price target on NIKE from $38.00 to $35.00 and set an “underperform” rating on the stock in a report on Friday, December 19th. Deutsche Bank Aktiengesellschaft set a $67.00 price objective on NIKE in a research note on Thursday, January 8th. Finally, Piper Sandler set a $75.00 target price on NIKE and gave the company an “overweight” rating in a research report on Friday, December 19th. Twenty-two research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, NIKE presently has an average rating of “Moderate Buy” and a consensus price target of $74.61.

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).