NIKE, Inc. $NKE Position Raised by Brighton Jones LLC

Brighton Jones LLC grew its position in shares of NIKE, Inc. (NYSE:NKE) by 52.5% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 154,567 shares of the footwear maker’s stock after acquiring an additional 53,236 shares during the quarter. Brighton Jones LLC’s holdings in NIKE were worth $5,472,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in NKE. Candriam S.C.A. grew its holdings in shares of NIKE by 509.4% in the 3rd quarter. Candriam S.C.A. now owns 725,483 shares of the footwear maker’s stock valued at $25,776,000 after acquiring an additional 606,441 shares in the last quarter. Rayburn West Financial Services LLC boosted its position in NIKE by 9.0% during the third quarter. Rayburn West Financial Services LLC now owns 8,075 shares of the footwear maker’s stock valued at $286,000 after purchasing an additional 665 shares during the last quarter. Kornitzer Capital Management Inc. KS grew its stake in NIKE by 4.2% in the third quarter. Kornitzer Capital Management Inc. KS now owns 32,432 shares of the footwear maker’s stock valued at $1,148,000 after purchasing an additional 1,294 shares in the last quarter. Leelyn Smith LLC grew its stake in NIKE by 5.5% in the third quarter. Leelyn Smith LLC now owns 73,337 shares of the footwear maker’s stock valued at $2,596,000 after purchasing an additional 3,805 shares in the last quarter. Finally, Palisade Asset Management LLC grew its stake in NIKE by 1.8% in the third quarter. Palisade Asset Management LLC now owns 33,637 shares of the footwear maker’s stock valued at $1,191,000 after purchasing an additional 600 shares in the last quarter. 64.25% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other NIKE news, COO Venkatesh Alagirisamy sold 3,671 shares of the firm’s stock in a transaction on Wednesday, September 9th. The stock was sold at an average price of $37.59, for a total transaction of $137,992.89. Following the completion of the sale, the chief operating officer owned 104,862 shares of the company’s stock, valued at $3,941,762.58. This trade represents a 3.38% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Philip McCartney sold 2,559 shares of NIKE stock in a transaction on 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 approximately $2,936,568.39. This trade represents a 3.17% 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. 1.10% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on NKE. DZ Bank cut NIKE from a “strong-buy” rating to a “strong sell” rating in a research note on Friday, October 2nd. BNP Paribas Exane set a $19.00 target price on shares of NIKE and gave the company an “underperform” rating in a research note on Friday, October 2nd. Wells Fargo & Company set a $30.00 target price on shares of NIKE and gave the stock an “equal weight” rating in a report on Friday, October 2nd. Oppenheimer set a $52.00 target price on shares of NIKE and gave the stock an “outperform” rating in a report on Wednesday, September 23rd. Finally, Barclays reaffirmed an “overweight” rating and set a $45.00 price target (up from $37.00) on shares of NIKE in a research report on Thursday, October 22nd. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, twenty have given a Hold rating and twelve have issued a Sell rating to the company’s stock. According to data from MarketBeat, NIKE presently has a consensus rating of “Reduce” and an average price target of $40.91.

NIKE News Summary

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 Price Performance

NYSE:NKE opened at $38.61 on Monday. The company has a quick ratio of 1.39, a current ratio of 2.07 and a debt-to-equity ratio of 0.39. The stock’s 50 day moving average price is $36.91 and its two-hundred day moving average price is $45.63. The firm has a market capitalization of $57.35 billion, a price-to-earnings ratio of 18.56, a P/E/G ratio of 4.51 and a beta of 1.01. NIKE, Inc. has a 12-month low of $31.97 and a 12-month high of $69.14.

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

NIKE Company 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.