StoneRidge PMG Advisors LLC Makes New Investment in NIKE, Inc. $NKE

StoneRidge PMG Advisors LLC bought a new stake in NIKE, Inc. (NYSE:NKE) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor bought 49,667 shares of the footwear maker’s stock, valued at approximately $1,758,000. NIKE makes up 1.2% of StoneRidge PMG Advisors LLC’s portfolio, making the stock its 19th largest holding.

Other institutional investors have also recently made changes to their positions in the company. Scarborough Advisors LLC bought a new position in shares of NIKE during the 1st quarter worth $25,000. Reyes Financial Architecture Inc. purchased a new stake in NIKE in the 3rd quarter worth about $26,000. Meeder Asset Management Inc. increased its holdings in NIKE by 108.4% in the 1st quarter. Meeder Asset Management Inc. now owns 548 shares of the footwear maker’s stock worth $29,000 after acquiring an additional 285 shares during the last quarter. Atlas Wealth LLC bought a new stake in NIKE in the 1st quarter valued at about $31,000. Finally, University of Texas Texas AM Investment Management Co. bought a new stake in NIKE in the 2nd quarter valued at about $33,000. Hedge funds and other 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: NIKE shares gained 13.9% over the past month, with performance categories and North America showing traction. However, persistent China weakness and earnings pressure make the durability of the rebound uncertain. Read article
• Neutral Sentiment: RBC expects NIKE’s five-year financial targets to be broadly in line with consensus, suggesting its Capital Markets Day may clarify strategy without providing a major near-term catalyst for the stock. Read article
• Negative Sentiment: Analyst caution is weighing on sentiment: Truist downgraded NIKE to “sell” with a $29 target, while UBS maintained “neutral” and a $34 target, warning the recovery may lag valuation expectations. RBC also cut its target to $39 and kept a sector-perform rating. Read article
• Negative Sentiment: Reports point to shrinking Jordan and Dunk sales, with the CEO acknowledging a prior blind spot. A pullback in Jordan sneakers could also create an opening for competitors. Read article
• Negative Sentiment: NIKE’s fiscal 2027 outlook highlights potential sales and earnings pressure; planned $2.5 billion in cost savings could help longer term but may not offset near-term revenue risks. China remains a key concern, with sales there down 25% year over year in the latest reported quarter. Read article

NIKE Stock Performance

NYSE:NKE opened at $38.61 on Monday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.39 and a current ratio of 2.07. NIKE, Inc. has a 52-week low of $31.97 and a 52-week high of $69.14. The firm has a market cap of $57.35 billion, a price-to-earnings ratio of 18.56, a PEG ratio of 4.51 and a beta of 1.01. The business’s fifty day moving average is $36.91 and its 200 day moving average is $45.63.

NIKE (NYSE:NKE) last issued its quarterly earnings data on Thursday, October 1st. The footwear maker reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.05. NIKE had a return on equity of 15.94% and a net margin of 6.74%. The business had revenue of $11.21 billion for the quarter, compared to analysts’ expectations of $11.32 billion. During the same quarter in the prior year, the firm posted $0.49 EPS. The firm’s quarterly revenue was down 4.3% on a year-over-year basis. NIKE has set its FY 2027 guidance at 1.150-1.350 EPS. Research analysts predict that NIKE, Inc. will post 1.22 EPS for the current year.

Analysts Set New Price Targets

Several research firms have commented on NKE. BNP Paribas Exane set a $19.00 price objective on shares of NIKE and gave the company an “underperform” rating in a report on Friday, October 2nd. Piper Sandler set a $28.00 target price on shares of NIKE and gave the stock a “neutral” rating in a research note on Friday, October 2nd. Oppenheimer set a $52.00 price target on shares of NIKE and gave the company an “outperform” rating in a research report on Wednesday, September 23rd. KeyCorp restated a “sector weight” rating on shares of NIKE in a research note on Friday, October 2nd. Finally, Jefferies Financial Group set a $60.00 price target on shares of NIKE in a research note on Friday, October 2nd. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, twenty have assigned a Hold rating and twelve have assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Reduce” and an average target price of $40.91.

Insider Transactions at NIKE

In other NIKE news, EVP Philip McCartney sold 2,559 shares of NIKE stock in a transaction dated 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 transaction, the executive vice president owned 78,121 shares of the company’s stock, valued at $2,936,568.39. The trade was a 3.17% decrease in their position. The transaction was disclosed in a filing 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, COO Venkatesh Alagirisamy sold 3,671 shares of the company’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 $137,992.89. Following the sale, the chief operating officer owned 104,862 shares in the company, valued at approximately $3,941,762.58. This represents a 3.38% decrease in their ownership of the stock. 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 owned by insiders.

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.

NIKE traces its roots to Blue Ribbon Sports, founded in 1964 by Phil Knight and Bill Bowerman.