133,906 NIKE, Inc. $NKE Shares Sold by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. trimmed its holdings in shares of NIKE, Inc. (NYSE:NKE) by 83.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 26,847 shares of the footwear maker’s stock after selling 133,906 shares during the period. Jefferies Financial Group Inc.’s holdings in NIKE were worth $955,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Scarborough Advisors LLC bought a new stake in shares of NIKE during the 1st quarter valued at $25,000. Meeder Asset Management Inc. lifted its stake in shares of NIKE by 108.4% in the 1st quarter. Meeder Asset Management Inc. now owns 548 shares of the footwear maker’s stock valued at $29,000 after purchasing an additional 285 shares during the period. Atlas Wealth LLC acquired a new position in shares of NIKE in the 1st quarter valued at $31,000. Main Street Group LTD bought a new position in shares of NIKE in the 1st quarter worth $36,000. Finally, Reyes Financial Architecture Inc. bought a new position in shares of NIKE in the 3rd quarter worth $26,000. 64.25% of the stock is currently owned by institutional investors and hedge funds.

Key NIKE News

Here’s some of the latest news about NKE:

• Positive Sentiment: BTIG Research reaffirmed its “Buy” rating and set a $50 price target, about 31.8% above the cited $37.94 share price. The target signals confidence in potential recovery, though it is an analyst opinion rather than a company forecast. Read the report
• Neutral Sentiment: Trefis published an article focused on NIKE’s “biggest opportunity,” but the supplied information does not describe the opportunity or its potential financial impact. Read the article
• Negative Sentiment: Recent coverage says NIKE shares are down nearly 40% year to date amid sluggish demand, weakness in China and margin pressure. These concerns could limit the scope for a rebound unless operating trends improve. Read the article

Insider Transactions at NIKE

In other news, EVP Philip McCartney sold 2,559 shares of the firm’s 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 sale, the executive vice president owned 78,121 shares of the company’s stock, valued at $2,936,568.39. This trade represents a 3.17% decrease in their ownership of the stock. The transaction 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, COO Venkatesh Alagirisamy sold 3,671 shares of NIKE stock in a transaction dated Wednesday, September 9th. The shares were sold at an average price of $37.59, for a total value of $137,992.89. Following the transaction, the chief operating officer owned 104,862 shares in the company, valued at $3,941,762.58. This trade represents a 3.38% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.10% of the stock is currently owned by insiders.

NIKE Trading Up 0.5%

Shares of NKE stock traded up $0.18 on Friday, hitting $37.94. The stock had a trading volume of 12,177,696 shares, compared to its average volume of 22,455,494. The company has a current ratio of 2.07, a quick ratio of 1.39 and a debt-to-equity ratio of 0.39. NIKE, Inc. has a twelve month low of $31.97 and a twelve month high of $69.14. The company has a fifty day moving average price of $36.88 and a two-hundred day moving average price of $44.97. The firm has a market cap of $56.35 billion, a P/E ratio of 18.24, a PEG ratio of 4.33 and a beta of 1.01.

NIKE (NYSE:NKE) last issued its quarterly earnings data 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 business had revenue of $11.21 billion for 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 was down 4.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.49 EPS. NIKE has set its FY 2027 guidance at 1.150-1.350 EPS. As a group, analysts forecast that NIKE, Inc. will post 1.24 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Royal Bank Of Canada decreased their price objective on NIKE from $40.00 to $39.00 and set a “sector perform” rating for the company in a research note on Friday, November 6th. Bank of America reissued an “underperform” rating and issued a $24.00 target price (down from $30.00) on shares of NIKE in a research note on Friday, October 2nd. Freedom Broker upgraded NIKE from a “hold” rating to a “buy” rating and reduced their target price for the stock from $54.00 to $51.00 in a report on Friday, October 2nd. UBS Group restated a “neutral” rating on shares of NIKE in a report on Thursday, October 22nd. Finally, Benchmark upgraded NIKE to a “hold” rating in a research report on Tuesday, September 22nd. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, twenty-one have given a Hold rating and twelve have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, NIKE has an average rating of “Reduce” and an average price target of $40.83.

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.