NIKE, Inc. $NKE Shares Sold by Nordea Investment Management AB

Nordea Investment Management AB lowered its position in NIKE, Inc. (NYSE:NKE) by 12.3% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,648,756 shares of the footwear maker’s stock after selling 230,425 shares during the period. Nordea Investment Management AB owned approximately 0.11% of NIKE worth $113,599,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Mascoma Wealth Management LLC purchased a new stake in shares of NIKE in the 2nd quarter valued at $26,000. Halbert Hargrove Global Advisors LLC raised its holdings in shares of 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 purchasing an additional 362 shares during the last quarter. Twin Peaks Wealth Advisors LLC acquired a new position in NIKE during the second quarter valued at $31,000. Matrix Trust Co boosted its holdings in NIKE by 53.1% in the second quarter. Matrix Trust Co now owns 441 shares of the footwear maker’s stock valued at $31,000 after purchasing an additional 153 shares during the last quarter. Finally, Opal Wealth Advisors LLC acquired a new stake in NIKE during the 2nd quarter worth about $35,000. 64.25% of the stock is owned by hedge funds and other institutional investors.

NIKE News Summary

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

NIKE Stock Up 0.9%

NIKE stock opened at $66.22 on Wednesday. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.06 and a quick ratio of 1.40. The stock has a market capitalization of $98.03 billion, a PE ratio of 38.95, a price-to-earnings-growth ratio of 3.37 and a beta of 1.28. The business has a 50 day simple moving average of $63.61 and a 200-day simple moving average of $69.55. NIKE, Inc. has a 12 month low of $52.28 and a 12 month high of $82.44.

NIKE (NYSE:NKE) last released its quarterly earnings results on Thursday, December 18th. The footwear maker reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.16. The firm had revenue of $12.43 billion for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter last year, the company earned $0.78 EPS. On average, analysts anticipate that NIKE, Inc. will post 2.05 EPS for the current fiscal year.

NIKE Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 2nd. Stockholders of record on Monday, December 1st were paid a dividend of $0.41 per share. This is an increase 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%. The ex-dividend date of this dividend was Monday, December 1st. NIKE’s dividend payout ratio is presently 96.47%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. KeyCorp set a $90.00 price objective on NIKE and gave the company an “overweight” rating in a research note on Thursday, October 2nd. Stifel Nicolaus set a $65.00 target price on NIKE and gave the stock a “hold” rating in a report on Friday, December 19th. Weiss Ratings raised NIKE from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday. Williams Trading dropped their price objective on shares of NIKE from $100.00 to $80.00 and set a “buy” rating on the stock in a research note on Friday, December 19th. Finally, Bank of America cut their target price on shares of NIKE from $84.00 to $73.00 and set a “buy” rating for the company in a report on Friday, December 19th. Two analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $75.16.

Insider Activity

In related news, Director Jorgen Vig Knudstorp purchased 16,150 shares of the firm’s stock in a transaction that occurred on Friday, November 7th. The shares were purchased at an average cost of $62.09 per share, with a total value of $1,002,753.50. Following the purchase, the director owned 21,388 shares of the company’s stock, valued at $1,327,980.92. This represents a 308.32% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Mark G. Parker sold 86,078 shares of NIKE stock in a transaction dated Friday, November 14th. The stock was sold at an average price of $64.80, for a total value of $5,577,854.40. Following the completion of the sale, the chairman owned 647,615 shares in the company, valued at approximately $41,965,452. The trade was a 11.73% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have acquired 91,229 shares of company stock worth $5,452,640. Company insiders own 0.80% of the company’s stock.

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).