NIKE, Inc. $NKE Shares Sold by Bryn Mawr Trust Advisors LLC

Bryn Mawr Trust Advisors LLC cut its position in NIKE, Inc. (NYSE:NKE) by 30.1% in the third quarter, HoldingsChannel reports. The institutional investor owned 51,920 shares of the footwear maker’s stock after selling 22,308 shares during the period. Bryn Mawr Trust Advisors LLC’s holdings in NIKE were worth $1,838,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. State Street Corp lifted its stake in NIKE by 6.8% during the 2nd quarter. State Street Corp now owns 63,598,789 shares of the footwear maker’s stock worth $2,636,104,000 after acquiring an additional 4,052,428 shares in the last quarter. Flossbach Von Storch SE acquired a new position in NIKE in the 2nd quarter valued at about $488,714,000. Amundi increased its stake in NIKE by 59.4% during the second quarter. Amundi now owns 6,460,398 shares of the footwear maker’s stock worth $265,199,000 after purchasing an additional 2,406,609 shares during the period. Van ECK Associates Corp increased its stake in NIKE by 4.8% during the second quarter. Van ECK Associates Corp now owns 6,257,863 shares of the footwear maker’s stock worth $256,885,000 after purchasing an additional 286,395 shares during the period. Finally, Assenagon Asset Management S.A. lifted its position in shares of NIKE by 92.3% during the third quarter. Assenagon Asset Management S.A. now owns 4,789,274 shares of the footwear maker’s stock worth $169,540,000 after purchasing an additional 2,298,400 shares in the last quarter. Hedge funds and other institutional investors own 64.25% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on NKE. BTIG Research reissued a “buy” rating and issued a $50.00 price objective on shares of NIKE in a research note on Thursday, October 22nd. Stifel Nicolaus cut their target price on shares of NIKE from $40.00 to $36.00 and set a “hold” rating on the stock in a research note on Friday, October 2nd. Morgan Stanley set a $27.00 target price on shares of NIKE and gave the stock an “underweight” rating in a report on Friday, October 2nd. Weiss Ratings cut shares of NIKE from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, October 6th. Finally, Raymond James Financial restated a “market perform” rating on shares of NIKE in a research note on Tuesday, September 29th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, twenty have assigned a Hold rating and twelve have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Reduce” and a consensus target price of $40.91.

Insider Activity at NIKE

In other news, COO Venkatesh Alagirisamy sold 3,671 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 transaction of $137,992.89. Following the transaction, the chief operating officer directly owned 104,862 shares in the company, valued at $3,941,762.58. The trade was a 3.38% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, 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 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 transaction, the executive vice president directly owned 78,121 shares of the company’s stock, valued at $2,936,568.39. This represents a 3.17% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.10% of the stock is owned by corporate insiders.

Trending Headlines about NIKE

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: NIKE’s Pace program is intended to simplify its global structure, speed decision-making and improve supply-chain flexibility. The restructuring targets $2.5 billion in savings, which could support long-term profitability if achieved. NIKE Reshapes Its Global Operations: Will Agility Improve?
• Positive Sentiment: NIKE’s 24-year record of dividend increases may appeal to income-focused investors. However, continued revenue and free-cash-flow performance will be important to sustaining the payout. Nike Is Down 78% From Its Peak. Here’s How Much $10,000 Invested Pays in Dividends Now.
• Neutral Sentiment: NIKE appointed Dan McKenzie vice president and chief accounting officer on November 9. The announcement adds a finance leader but does not outline a change to the company’s outlook. Nike Appoints Dan McKenzie as Chief Accounting Officer
• Negative Sentiment: Analyst caution remains a headwind: BMO Capital reiterated a Sell rating, while recent downgrade concerns cited excess Jordan inventory, weakness in China and near-term earnings pressure from the cost-cutting overhaul. Restructuring costs and execution risks could delay the targeted savings. BMO Capital Remains a Sell on Nike

NIKE Price Performance

Shares of NYSE NKE opened at $39.84 on Tuesday. The firm has a market capitalization of $59.18 billion, a PE ratio of 25.95, a price-to-earnings-growth ratio of 4.73 and a beta of 1.01. 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 fifty-two week low of $31.97 and a fifty-two week high of $69.14. The stock’s 50-day simple moving average is $36.91 and its 200-day simple moving average is $45.50.

NIKE (NYSE:NKE) last posted its earnings results on Thursday, October 1st. The footwear maker reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.05. NIKE had a net margin of 6.74% and a return on equity of 15.94%. The firm had revenue of $11.21 billion for the quarter, compared to the consensus estimate of $11.32 billion. During the same period last year, the firm posted $0.49 EPS. The company’s revenue was down 4.3% on a year-over-year basis. NIKE has set its FY 2027 guidance at 1.150-1.350 EPS. As a group, equities research analysts forecast that NIKE, Inc. will post 1.22 EPS for the current fiscal year.

About NIKE

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.