Benjamin Edwards Inc. Buys 96,420 Shares of NIKE, Inc. $NKE

Benjamin Edwards Inc. grew its position in NIKE, Inc. (NYSE:NKE) by 92.4% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 200,827 shares of the footwear maker’s stock after purchasing an additional 96,420 shares during the period. Benjamin Edwards Inc.’s holdings in NIKE were worth $8,244,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. Westerkirk Capital Inc. increased its holdings in NIKE by 52.4% during the 4th quarter. Westerkirk Capital Inc. now owns 131,220 shares of the footwear maker’s stock valued at $8,360,000 after purchasing an additional 45,100 shares in the last quarter. OMERS ADMINISTRATION Corp grew its holdings in shares of NIKE by 77.9% during the fourth quarter. OMERS ADMINISTRATION Corp now owns 2,526,179 shares of the footwear maker’s stock worth $160,943,000 after purchasing an additional 1,106,499 shares during the last quarter. OneDigital Investment Advisors LLC increased its stake in shares of NIKE by 32.8% in the second quarter. OneDigital Investment Advisors LLC now owns 244,296 shares of the footwear maker’s stock valued at $10,028,000 after buying an additional 60,375 shares in the last quarter. PFA Pension Forsikringsaktieselskab bought a new position in shares of NIKE in the fourth quarter valued at about $43,188,000. Finally, Nicholas Company Inc. lifted its position in NIKE by 33.3% during the 4th quarter. Nicholas Company Inc. now owns 123,652 shares of the footwear maker’s stock worth $7,878,000 after buying an additional 30,890 shares in the last quarter. Institutional investors own 64.25% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on NKE shares. Berenberg Bank set a $49.00 price objective on shares of NIKE and gave the company a “hold” rating in a research report on Friday, July 3rd. Stifel Nicolaus set a $45.00 target price on NIKE and gave the company a “hold” rating in a research note on Wednesday, July 1st. Piper Sandler decreased their price target on NIKE from $50.00 to $45.00 and set a “neutral” rating on the stock in a report on Wednesday, July 1st. BNP Paribas Exane reissued an “underperform” rating on shares of NIKE in a research note on Wednesday, July 22nd. Finally, Citigroup restated a “neutral” rating on shares of NIKE in a research report on Wednesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, twenty have given a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat.com, NIKE currently has an average rating of “Hold” and a consensus price target of $52.94.

Trending Headlines about NIKE

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: Traders purchased 182,729 NKE call options, 59% above typical daily call volume. The activity may reflect increased bullish speculation, although options positioning does not guarantee sustained buying in the shares.
• Positive Sentiment: Grupo SBF extended its exclusive Nike distribution agreement in Brazil through 2034. The longer arrangement provides continued access to an important Latin American market and supports Nike’s regional distribution network. Grupo SBF Extends Exclusive Nike Distribution Deal in Brazil to 2034
• Neutral Sentiment: NIKE said it will release fiscal first-quarter 2027 results on October 1 after the market close, followed by a management conference call. Investors will look for evidence that the company’s turnaround is improving sales, inventory levels and margins. NIKE Announces First Quarter Fiscal 2027 Earnings and Conference Call
• Neutral Sentiment: NIKE appointed Walmart veteran Jane Ewing as chief commercial officer to help lead its comeback. The hire could strengthen execution and retail strategy, but investors are likely to want measurable results before assigning significant value to the turnaround. Nike Taps Walmart Veteran to Help Drive Comeback
• Negative Sentiment: Reports say Nike’s China business continues to shrink as domestic competitors gain market share and the brand struggles to remain locally relevant. China weakness threatens a key source of long-term growth. Why America’s Biggest Brands Keep Losing in China
• Negative Sentiment: Analysts and market commentary continue to cite soft consumer confidence, weaker traffic, excess legacy inventory and doubts about product innovation. These concerns reinforce expectations for a prolonged recovery and have contributed to reduced price targets and bearish sentiment.

NIKE Stock Performance

Shares of NYSE NKE opened at $39.57 on Monday. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.96 and a quick ratio of 1.36. The firm has a market cap of $58.70 billion, a price-to-earnings ratio of 18.93, a P/E/G ratio of 1.76 and a beta of 1.11. The stock’s fifty day moving average price is $41.91 and its two-hundred day moving average price is $47.01. NIKE, Inc. has a one year low of $38.17 and a one year high of $79.13.

NIKE (NYSE:NKE) last announced its quarterly earnings data on Tuesday, June 30th. The footwear maker reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.09. NIKE had a return on equity of 16.54% and a net margin of 6.70%.The firm had revenue of $10.97 billion during the quarter, compared to analysts’ expectations of $10.85 billion. During the same period in the previous year, the firm earned $0.14 EPS. The company’s quarterly revenue was down 1.1% compared to the same quarter last year. On average, equities analysts forecast that NIKE, Inc. will post 1.74 EPS for the current year.

NIKE Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 1st will be given a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 4.1%. The ex-dividend date is Tuesday, September 1st. NIKE’s dividend payout ratio is 78.47%.

Insider Buying and Selling at NIKE

In related news, COO Venkatesh Alagirisamy sold 890 shares of the firm’s stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $41.60, for a total transaction of $37,024.00. Following the completion of the transaction, the chief operating officer directly owned 74,820 shares of the company’s stock, valued at $3,112,512. This trade represents a 1.18% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Matthew Friend sold 2,463 shares of NIKE stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $41.60, for a total value of $102,460.80. Following the transaction, the chief financial officer directly owned 82,165 shares in the company, valued at $3,418,064. The trade was a 2.91% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 26,142 shares of company stock worth $1,169,380 over the last ninety days. Insiders own 1.10% of the company’s stock.

NIKE Profile

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).