NIKE, Inc. $NKE Shares Sold by EagleClaw Capital Managment LLC

EagleClaw Capital Managment LLC trimmed its stake in NIKE, Inc. (NYSE:NKE) by 10.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 347,626 shares of the footwear maker’s stock after selling 42,465 shares during the period. NIKE makes up approximately 1.7% of EagleClaw Capital Managment LLC’s portfolio, making the stock its 19th biggest holding. EagleClaw Capital Managment LLC’s holdings in NIKE were worth $12,306,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. State Street Corp lifted its position in NIKE by 6.8% during the second quarter. State Street Corp now owns 63,598,789 shares of the footwear maker’s stock valued at $2,636,104,000 after purchasing an additional 4,052,428 shares during the last quarter. Flossbach Von Storch SE bought a new position in shares of NIKE in the 2nd quarter worth $488,714,000. Amundi increased its holdings in shares of NIKE by 59.4% in the 2nd quarter. Amundi now owns 6,460,398 shares of the footwear maker’s stock worth $265,199,000 after buying an additional 2,406,609 shares during the last quarter. Van ECK Associates Corp increased its holdings in shares of NIKE by 4.8% in the 2nd quarter. Van ECK Associates Corp now owns 6,257,863 shares of the footwear maker’s stock worth $256,885,000 after buying an additional 286,395 shares during the last quarter. Finally, Swiss National Bank raised its position in shares of NIKE by 7.3% during the 1st quarter. Swiss National Bank now owns 3,496,700 shares of the footwear maker’s stock valued at $184,696,000 after buying an additional 237,600 shares in the last quarter. 64.25% of the stock is owned by hedge funds and other institutional investors.

NIKE Trading Up 0.5%

Shares of NKE opened at $37.94 on Friday. The firm has a market cap of $56.35 billion, a price-to-earnings ratio of 18.24, a PEG ratio of 4.33 and a beta of 1.01. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.39 and a current ratio of 2.07. NIKE, Inc. has a fifty-two week low of $31.97 and a fifty-two week high of $69.14. The firm has a 50 day moving average price of $36.88 and a 200-day moving average price of $44.97.

NIKE (NYSE:NKE) last announced its quarterly earnings data on Thursday, October 1st. The footwear maker reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.05. NIKE had a net margin of 6.74% and a return on equity of 15.94%. The company had revenue of $11.21 billion during the quarter, compared to analysts’ expectations of $11.32 billion. During the same quarter in the prior year, the company earned $0.49 EPS. The firm’s revenue was down 4.3% on a year-over-year basis. NIKE has set its FY 2027 guidance at 1.150-1.350 EPS. As a group, equities research analysts forecast that NIKE, Inc. will post 1.24 earnings per share for the current year.

Key NIKE News

These are some of the NKE news items that stood out recently:

• Neutral Sentiment: Cantor Fitzgerald began coverage of NIKE, but the supplied report details do not state its rating or price target. Read the report Analysts’ views are also described as mixed, without further specifics in the supplied summary. Read the article
• 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

Wall Street Analyst Weigh In

NKE has been the subject of a number of research analyst reports. Freedom Broker raised shares of NIKE from a “hold” rating to a “buy” rating and dropped their price objective for the stock from $54.00 to $51.00 in a report on Friday, October 2nd. Sanford C. Bernstein reissued an “outperform” rating and issued a $45.00 target price on shares of NIKE in a research note on Friday, October 2nd. Truist Financial cut NIKE from a “hold” rating to a “sell” rating and set a $29.00 target price on the stock. in a research note on Thursday, November 5th. DZ Bank lowered NIKE from a “strong-buy” rating to a “strong sell” rating in a research note on Friday, October 2nd. Finally, Telsey Advisory Group set a $35.00 price objective on NIKE and gave the stock a “market perform” rating in a report on Friday, October 2nd. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, twenty-one have issued a Hold rating and twelve have given a Sell rating to the company’s stock. Based on data from MarketBeat, NIKE currently has an average rating of “Reduce” and an average target price of $40.83.

Insider Buying and Selling at NIKE

In other NIKE news, EVP Philip McCartney sold 2,559 shares of the company’s stock in a transaction dated Wednesday, September 9th. The shares were sold at an average price of $37.59, for a total transaction of $96,192.81. Following the completion of the sale, the executive vice president directly owned 78,121 shares in the company, valued at $2,936,568.39. This represents a 3.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Venkatesh Alagirisamy sold 3,671 shares of the firm’s 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 directly owned 104,862 shares in the company, valued at $3,941,762.58. This trade represents a 3.38% 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 own 1.10% of the company’s stock.

NIKE 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.