Edgar Lomax Co. VA Has $15.67 Million Stock Holdings in NIKE, Inc. $NKE

Edgar Lomax Co. VA trimmed its stake in shares of NIKE, Inc. (NYSE:NKE) by 22.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 224,675 shares of the footwear maker’s stock after selling 65,585 shares during the period. Edgar Lomax Co. VA’s holdings in NIKE were worth $15,667,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Main Street Financial Solutions LLC lifted its stake in NIKE by 4.2% during the second quarter. Main Street Financial Solutions LLC now owns 3,441 shares of the footwear maker’s stock valued at $244,000 after buying an additional 139 shares in the last quarter. St. Clair Advisors LLC raised its holdings in shares of NIKE by 0.9% during the third quarter. St. Clair Advisors LLC now owns 15,217 shares of the footwear maker’s stock valued at $1,061,000 after acquiring an additional 140 shares during the period. Spirepoint Private Client LLC lifted its position in shares of NIKE by 0.4% in the 3rd quarter. Spirepoint Private Client LLC now owns 36,140 shares of the footwear maker’s stock valued at $2,520,000 after acquiring an additional 153 shares in the last quarter. Evelyn Partners Investment Management Europe Ltd lifted its position in shares of NIKE by 18.5% in the 2nd quarter. Evelyn Partners Investment Management Europe Ltd now owns 997 shares of the footwear maker’s stock valued at $71,000 after acquiring an additional 156 shares in the last quarter. Finally, CVA Family Office LLC boosted its stake in NIKE by 8.0% in the 3rd quarter. CVA Family Office LLC now owns 2,113 shares of the footwear maker’s stock worth $147,000 after purchasing an additional 156 shares during the period. Institutional investors and hedge funds own 64.25% of the company’s stock.

NIKE News Roundup

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: RBC reiterated an Outperform view and sees a China recovery as a key growth driver, arguing Nike can return to growth in the next 1–2 years — this supports upside to consensus forecasts. Nike Faces China Recovery as Key Growth Driver, RBC Says
• Positive Sentiment: Bullish investor write-ups (summarized on Yahoo/InsiderMonkey) present a thesis that current valuation and an eventual China rebound, plus margin gains from cost realignment, create a buy case. These pieces highlight potential multi-quarter upside if execution improves. Is NIKE, Inc. (NKE) Stock A Good Buy Right Now?
• Neutral Sentiment: Nike announced a formal cost-realignment / organizational-change plan intended to boost efficiency; management frames it as a structural step to improve profitability over time, though benefits are medium-term. Nike Announces Cost-Realignment Plan to Boost Efficiency
• Neutral Sentiment: Market commentary and analyst roundups offer mixed takes; some provide deeper context but no clear consensus change to estimates yet. Analysts Offer Insights on Consumer Cyclical Companies: Nike (NKE)
• Negative Sentiment: Nike will record roughly $300 million in pre-tax restructuring charges tied to recent layoffs and organizational changes; that weighs on near-term EPS and headline risk. Nike records $300 million in restructuring charges after recent layoffs Nike to Record $300 Million Charge From Cost-Cutting Efforts (WSJ)
• Negative Sentiment: Stifel Nicolaus reaffirmed a Hold rating, signaling caution from some sell-side desks about near-term traction and upside. Stifel Nicolaus Sticks to Its Hold Rating for Nike (NKE)
• Negative Sentiment: Broader negative tone from outlets highlighting Nike’s persistent underperformance versus expectations and competitors, increasing skepticism about the pace of turnaround. Nike’s persistent underperformance is challenging our long-term view on the stock Nike Inc. Cl B stock underperforms Wednesday

Insider Activity

In other NIKE news, CEO Elliott Hill bought 16,388 shares of the stock in a transaction on Monday, December 29th. The shares were purchased at an average cost of $61.10 per share, with a total value of $1,001,306.80. Following the completion of the transaction, the chief executive officer directly owned 241,587 shares of the company’s stock, valued at $14,760,965.70. This represents a 7.28% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Robert Holmes Swan purchased 8,691 shares of NIKE stock in a transaction on Monday, December 22nd. The stock was bought at an average cost of $57.54 per share, with a total value of $500,080.14. Following the transaction, the director directly owned 43,293 shares of the company’s stock, valued at approximately $2,491,079.22. The trade was a 25.12% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last 90 days, insiders have acquired 75,079 shares of company stock worth $4,449,887. 0.80% of the stock is owned by corporate insiders.

NIKE Stock Down 1.1%

NKE opened at $57.99 on Friday. The company has a market capitalization of $85.85 billion, a PE ratio of 34.11, a price-to-earnings-growth ratio of 3.00 and a beta of 1.27. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.06 and a quick ratio of 1.40. NIKE, Inc. has a fifty-two week low of $52.28 and a fifty-two week high of $80.19. The business has a 50-day moving average of $63.34 and a 200-day moving average of $66.61.

NIKE (NYSE:NKE) last announced its quarterly earnings results on Thursday, December 18th. The footwear maker reported $0.53 EPS for the quarter, beating the consensus estimate of $0.37 by $0.16. The business had revenue of $12.43 billion during the quarter, compared to analysts’ expectations of $12.19 billion. NIKE had a return on equity of 18.43% and a net margin of 5.43%.The firm’s quarterly revenue was up .6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.78 EPS. Equities research analysts forecast that NIKE, Inc. will post 2.05 EPS for the current fiscal year.

NIKE Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Monday, March 2nd will be paid a dividend of $0.41 per share. The ex-dividend date is Monday, March 2nd. This represents a $1.64 annualized dividend and a dividend yield of 2.8%. NIKE’s dividend payout ratio is 96.47%.

Wall Street Analyst Weigh In

NKE has been the topic of several research analyst reports. Stifel Nicolaus set a $65.00 price objective on shares of NIKE and gave the stock a “hold” rating in a research report on Friday, December 19th. Wells Fargo & Company set a $65.00 price target on NIKE and gave the company an “overweight” rating in a report on Friday, December 19th. Williams Trading dropped their price target on NIKE from $100.00 to $80.00 and set a “buy” rating on the stock in a research report on Friday, December 19th. BNP Paribas Exane decreased their price objective on NIKE from $38.00 to $35.00 and set an “underperform” rating for the company in a research report on Friday, December 19th. Finally, Berenberg Bank reiterated a “neutral” rating and issued a $70.00 target price on shares of NIKE in a report on Friday, December 19th. Twenty-two investment analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $74.61.

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).