NIKE, Inc. $NKE Stock Sold by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. cut its stake in NIKE, Inc. (NYSE:NKE) by 83.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 26,847 shares of the footwear maker’s stock after selling 133,906 shares during the period. Jefferies Financial Group Inc.’s holdings in NIKE were worth $955,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in NKE. Philadelphia Trust Co. grew its holdings in shares of NIKE by 3.4% during the third quarter. Philadelphia Trust Co. now owns 65,672 shares of the footwear maker’s stock worth $2,325,000 after buying an additional 2,147 shares in the last quarter. Confluence Wealth Services Inc. raised its position in NIKE by 13.7% in the 3rd quarter. Confluence Wealth Services Inc. now owns 30,338 shares of the footwear maker’s stock valued at $1,074,000 after buying an additional 3,653 shares during the last quarter. 626 Financial LLC lifted its stake in NIKE by 18.5% in the 3rd quarter. 626 Financial LLC now owns 14,157 shares of the footwear maker’s stock valued at $501,000 after acquiring an additional 2,206 shares in the last quarter. Lido Advisors LLC lifted its stake in NIKE by 3.1% in the 3rd quarter. Lido Advisors LLC now owns 62,551 shares of the footwear maker’s stock valued at $2,214,000 after acquiring an additional 1,909 shares in the last quarter. Finally, Cornerstone Wealth Management LLC bought a new stake in NIKE in the 3rd quarter valued at approximately $275,000. 64.25% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at NIKE

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

Key NIKE News

Here’s some of the latest news about NKE:

• 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: Trefis published an article focused on NIKE’s “biggest opportunity,” but the supplied information does not describe the opportunity or its potential financial impact. 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

NIKE Trading Up 0.5%

NYSE NKE traded up $0.18 during trading hours on Friday, reaching $37.94. The company’s stock had a trading volume of 12,177,696 shares, compared to its average volume of 22,455,494. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.07 and a quick ratio of 1.39. NIKE, Inc. has a 52 week low of $31.97 and a 52 week high of $69.14. The stock has a market cap of $56.35 billion, a P/E ratio of 18.24, a P/E/G ratio of 4.33 and a beta of 1.01. The firm has a fifty day simple moving average of $36.88 and a 200-day simple moving average of $44.97.

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

Wall Street Analyst Weigh In

A number of research firms have weighed in on NKE. Bank of America reaffirmed an “underperform” rating and set a $24.00 price target (down from $30.00) on shares of NIKE in a research report on Friday, October 2nd. UBS Group restated a “neutral” rating on shares of NIKE in a report on Thursday, October 22nd. Royal Bank Of Canada lowered their price target on NIKE from $40.00 to $39.00 and set a “sector perform” rating on the stock in a research report on Friday, November 6th. DZ Bank lowered shares of NIKE from a “strong-buy” rating to a “strong sell” rating in a research report on Friday, October 2nd. Finally, Barclays reissued an “overweight” rating and set a $45.00 price target (up from $37.00) on shares of NIKE in a report on Thursday, October 22nd. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, twenty-one have issued a Hold rating and twelve have issued a Sell rating to the company. According to data from MarketBeat.com, NIKE presently has a consensus rating of “Reduce” and an average price target of $40.83.

NIKE 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.