21,016 NIKE, Inc. $NKE Shares Purchased by Phoenix Financial Ltd.

Phoenix Financial Ltd. lifted its position in shares of NIKE, Inc. (NYSE:NKE) by 10.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 214,409 shares of the footwear maker’s stock after acquiring an additional 21,016 shares during the quarter. Phoenix Financial Ltd.’s holdings in NIKE were worth $7,610,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. Scarborough Advisors LLC acquired a new position in NIKE during the 1st quarter worth approximately $25,000. Reyes Financial Architecture Inc. purchased a new position in shares of NIKE during the 3rd quarter worth approximately $26,000. Meeder Asset Management Inc. lifted its holdings in shares of NIKE by 108.4% in the 1st quarter. Meeder Asset Management Inc. now owns 548 shares of the footwear maker’s stock valued at $29,000 after buying an additional 285 shares during the period. Atlas Wealth LLC acquired a new stake in shares of NIKE in the 1st quarter valued at approximately $31,000. Finally, University of Texas Texas AM Investment Management Co. acquired a new stake in shares of NIKE in the 2nd quarter valued at approximately $33,000. 64.25% of the stock is currently owned by institutional investors and hedge funds.

NIKE Price Performance

Shares of NYSE NKE traded up $0.18 during trading on Friday, reaching $37.94. The company had a trading volume of 12,177,696 shares, compared to its average volume of 22,455,494. NIKE, Inc. has a twelve month low of $31.97 and a twelve month high of $69.14. The stock has a market capitalization of $56.35 billion, a PE ratio of 18.24, a price-to-earnings-growth ratio of 4.33 and a beta of 1.01. The stock has a 50-day moving average price of $36.88 and a two-hundred day moving average price of $44.97. The company has a current ratio of 2.07, a quick ratio of 1.39 and a debt-to-equity ratio of 0.39.

NIKE (NYSE:NKE) last announced its quarterly earnings data on Thursday, October 1st. The footwear maker reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.05. NIKE had a net margin of 6.74% and a return on equity of 15.94%. The business had revenue of $11.21 billion for the quarter, compared to the consensus estimate of $11.32 billion. During the same quarter in the prior year, the firm posted $0.49 earnings per share. The company’s quarterly revenue was down 4.3% compared to the same quarter last year. NIKE has set its FY 2027 guidance at 1.150-1.350 EPS. As a group, sell-side analysts predict that NIKE, Inc. will post 1.24 earnings per share for the current year.

Key Stories Impacting NIKE

These are some of the NKE stories that stood out recently:

• Positive Sentiment: BTIG Research reaffirmed its “Buy” rating and set a $50 price target, about 31.8% above the cited $37.94 share price. The target signals confidence in potential recovery, though it is an analyst opinion rather than a company forecast. Read the report
• Neutral Sentiment: Cantor Fitzgerald began coverage of NIKE, but the supplied report details do not state its rating or price target. Read the report Analysts’ views are also described as mixed, without further specifics in the supplied summary. Read the article
• Negative Sentiment: Recent coverage says NIKE shares are down nearly 40% year to date amid sluggish demand, weakness in China and margin pressure. These concerns could limit the scope for a rebound unless operating trends improve. Read the article

Analysts Set New Price Targets

NKE has been the subject of a number of recent analyst reports. Guggenheim reissued a “buy” rating and issued a $50.00 target price on shares of NIKE in a report on Thursday, October 22nd. Piper Sandler reaffirmed a “neutral” rating on shares of NIKE in a research note on Friday. Benchmark raised shares of NIKE to a “hold” rating in a research note on Tuesday, September 22nd. KeyCorp reiterated a “sector weight” rating on shares of NIKE in a report on Wednesday. Finally, Stifel Nicolaus reduced their price objective on shares of NIKE from $40.00 to $36.00 and set a “hold” rating for the company in a research note on Friday, October 2nd. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, twenty-one have given a Hold rating and twelve have given a Sell rating to the company’s stock. According to MarketBeat, NIKE presently has an average rating of “Reduce” and a consensus price target of $40.83.

Insider Buying and Selling

In other NIKE news, COO Venkatesh Alagirisamy sold 3,671 shares of NIKE stock in a transaction on Wednesday, September 9th. The shares were sold at an average price of $37.59, for a total value of $137,992.89. Following the transaction, the chief operating officer owned 104,862 shares in the company, valued at $3,941,762.58. This trade represents a 3.38% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Philip McCartney sold 2,559 shares of the business’s stock in a transaction dated Wednesday, September 9th. The shares were sold at an average price of $37.59, for a total value of $96,192.81. Following the sale, the executive vice president directly owned 78,121 shares of the company’s stock, valued at approximately $2,936,568.39. This trade represents a 3.17% 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. 1.10% of the stock is currently owned by insiders.

NIKE Company Profile

NIKE, Inc. designs, develops, markets and sells athletic footwear, apparel, equipment and accessories for sports and fitness, as well as lifestyle products. Its portfolio includes the Nike and Jordan brands, and it owns Converse, which sells casual footwear, apparel and accessories. The company sells products worldwide through wholesale partners and its own retail stores and digital platforms. Its offerings serve customers across a range of sports and activities, including running, basketball, soccer and training.