8,155 Shares in NIKE, Inc. $NKE Acquired by Paragon Private Wealth Management LLC

Paragon Private Wealth Management LLC purchased a new stake in shares of NIKE, Inc. (NYSE:NKE) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 8,155 shares of the footwear maker’s stock, valued at approximately $569,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Kornitzer Capital Management Inc. KS increased its stake in shares of NIKE by 1.7% in the third quarter. Kornitzer Capital Management Inc. KS now owns 27,184 shares of the footwear maker’s stock valued at $1,896,000 after buying an additional 460 shares in the last quarter. CFS Investment Advisory Services LLC lifted its position in NIKE by 11.7% during the 3rd quarter. CFS Investment Advisory Services LLC now owns 3,965 shares of the footwear maker’s stock worth $274,000 after buying an additional 415 shares in the last quarter. National Wealth Management Group LLC bought a new stake in NIKE during the 3rd quarter worth about $635,000. Vanguard Personalized Indexing Management LLC increased its position in NIKE by 12.6% in the 3rd quarter. Vanguard Personalized Indexing Management LLC now owns 126,814 shares of the footwear maker’s stock valued at $8,844,000 after acquiring an additional 14,151 shares in the last quarter. Finally, Tufton Capital Management increased its position in NIKE by 3.8% in the 3rd quarter. Tufton Capital Management now owns 83,494 shares of the footwear maker’s stock valued at $5,822,000 after acquiring an additional 3,077 shares in the last quarter. Institutional investors and hedge funds own 64.25% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on NKE. DZ Bank reaffirmed a “buy” rating on shares of NIKE in a report on Friday, December 19th. Telsey Advisory Group decreased their price target on NIKE from $75.00 to $72.00 and set a “market perform” rating on the stock in a report on Friday, December 19th. JPMorgan Chase & Co. dropped their price objective on NIKE from $100.00 to $86.00 and set a “buy” rating for the company in a report on Monday, November 17th. Barclays restated a “neutral” rating on shares of NIKE in a research report on Thursday, January 15th. Finally, Argus lowered their price target on shares of NIKE from $85.00 to $70.00 in a research report on Tuesday, December 23rd. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, NIKE currently has a consensus rating of “Moderate Buy” and a consensus target price of $74.65.

More NIKE News

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: BTIG reaffirmed a “buy” rating and a $100 price target, a bullish analyst signal that supports longer?term upside expectations. NIKE BTIG Buy Rating
• Positive Sentiment: Management/insider buying and commentary in recent analysis highlight that leadership is backing the turnaround and cost actions, which can reassure investors focused on capital allocation. Nike Stock Is Down, but Is It a Buy?
• Neutral Sentiment: Valuation and peer comparisons (Adidas vs. Nike) are drawing investor attention — some see value after the pullback, but the case depends on recovery in key regions and digital. ADDYY or NKE: Which Is the Better Value Stock Right Now?
• Negative Sentiment: NIKE announced plans to cut roughly 775 U.S. distribution jobs as it accelerates automation — a near?term cost save but a headline that pressures sentiment and raises transitional execution risk. Nike Cuts 775 Distribution Jobs as Automation Accelerates
• Negative Sentiment: Separately, Nike is investigating claims of a large ransomware/data leak; any confirmed breach could cause operational, legal and reputational costs. Nike says it is investigating possible data breach
• Negative Sentiment: Analysts flag that China demand is uneven and digital momentum has softened; these are two of Nike’s primary growth engines, so sustained weakness would hurt top?line recovery. Can NIKE Regain Its Stride as China and Digital Momentum Falter?
• Negative Sentiment: Market commentary and note flow point to the stock trading down amid broader market gains, with short?term selling pressure linked to the news above. Nike (NKE) Stock Sinks As Market Gains: Here’s Why

NIKE Trading Down 2.9%

NYSE:NKE opened at $63.11 on Wednesday. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.06 and a quick ratio of 1.40. The business’s 50-day simple moving average is $63.97 and its 200-day simple moving average is $68.86. NIKE, Inc. has a fifty-two week low of $52.28 and a fifty-two week high of $82.44. The stock has a market capitalization of $93.42 billion, a PE ratio of 37.12, a price-to-earnings-growth ratio of 3.38 and a beta of 1.28.

NIKE (NYSE:NKE) last posted its quarterly earnings data 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 for the quarter, compared to analysts’ expectations of $12.19 billion. NIKE had a net margin of 5.43% and a return on equity of 18.43%. The firm’s revenue was up .6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.78 EPS. Sell-side analysts expect that NIKE, Inc. will post 2.05 earnings per share for the current fiscal year.

NIKE Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, January 2nd. Shareholders of record on Monday, December 1st were given a dividend of $0.41 per share. This is a positive change from NIKE’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Monday, December 1st. This represents a $1.64 annualized dividend and a dividend yield of 2.6%. NIKE’s payout ratio is presently 96.47%.

Insider Activity

In other NIKE news, Director Robert Holmes Swan acquired 8,691 shares of the business’s stock in a transaction dated 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 completion of the transaction, the director directly owned 43,293 shares in the company, valued at approximately $2,491,079.22. This represents a 25.12% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Chairman Mark G. Parker sold 86,078 shares of the firm’s stock in a transaction dated Friday, November 14th. The stock was sold at an average price of $64.80, for a total transaction of $5,577,854.40. Following the sale, the chairman owned 647,615 shares of the company’s stock, valued at approximately $41,965,452. This represents a 11.73% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have acquired 91,229 shares of company stock worth $5,452,640. Corporate insiders own 0.80% of the company’s stock.

NIKE Company 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).