NIKE, Inc. $NKE Stock: Kestra Advisory Services LLC Increases Holdings

Kestra Advisory Services LLC boosted its holdings in shares of NIKE, Inc. (NYSE:NKE) by 63.2% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 170,729 shares of the footwear maker’s stock after purchasing an additional 66,106 shares during the period. Kestra Advisory Services LLC’s holdings in NIKE were worth $6,044,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NKE. Claro Advisors Inc. lifted its holdings in shares of NIKE by 15.7% in the third quarter. Claro Advisors Inc. now owns 13,368 shares of the footwear maker’s stock worth $473,000 after acquiring an additional 1,817 shares during the last quarter. Platform Technology Partners grew its holdings in shares of NIKE by 1.0% during the 3rd quarter. Platform Technology Partners now owns 34,259 shares of the footwear maker’s stock valued at $1,213,000 after purchasing an additional 354 shares during the last quarter. Commonwealth Equity Services LLC grew its holdings in shares of NIKE by 2.6% during the 3rd quarter. Commonwealth Equity Services LLC now owns 430,953 shares of the footwear maker’s stock valued at $15,256,000 after purchasing an additional 10,861 shares during the last quarter. Covestor Ltd grew its holdings in shares of NIKE by 240.0% during the 3rd quarter. Covestor Ltd now owns 1,785 shares of the footwear maker’s stock valued at $63,000 after purchasing an additional 1,260 shares during the last quarter. Finally, MH & Associates Securities Management Corp ADV acquired a new position in NIKE during the 3rd quarter worth approximately $2,418,000. 64.25% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on NKE. Deutsche Bank reissued a “hold” rating and issued a $33.00 price objective on shares of NIKE in a research note on Friday, October 9th. Argus upgraded shares of NIKE to a “strong-buy” rating in a report on Wednesday, July 15th. BTIG Research reiterated a “buy” rating and set a $50.00 price target on shares of NIKE in a report on Thursday, October 22nd. Williams Trading cut NIKE from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 2nd. Finally, Oppenheimer set a $52.00 price objective on NIKE and gave the company an “outperform” rating in a report on Wednesday, September 23rd. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, twenty-one have assigned a Hold rating and twelve have given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Reduce” and an average price target of $40.83.

Insider Activity

In other news, EVP Philip McCartney sold 2,559 shares of the stock in a transaction dated Wednesday, September 9th. The stock was sold at an average price of $37.59, for a total value of $96,192.81. Following the completion of the sale, the executive vice president owned 78,121 shares of the company’s stock, valued at approximately $2,936,568.39. This represents a 3.17% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 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 that occurred on Wednesday, September 9th. The stock was sold at an average price of $37.59, for a total value of $137,992.89. Following the completion of the transaction, the chief operating officer directly owned 104,862 shares in the company, valued at approximately $3,941,762.58. This represents a 3.38% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 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 Down 1.0%

NKE opened at $38.30 on Thursday. NIKE, Inc. has a fifty-two week low of $31.97 and a fifty-two week high of $69.14. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.07 and a quick ratio of 1.39. The firm has a market capitalization of $56.88 billion, a price-to-earnings ratio of 24.79, a PEG ratio of 4.52 and a beta of 1.01. The company’s 50 day moving average price is $36.91 and its two-hundred day moving average price is $45.24.

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

Top NIKE Stories

Here are a few of the latest stories about NKE:

• Neutral Sentiment: Cantor Fitzgerald initiated coverage with a “neutral” rating and a $38 price target, indicating a view close to the share price cited in the report rather than a strong near-term catalyst. Cantor Fitzgerald stock recommendations
• Negative Sentiment: Bank of America cut its earnings forecasts and pushed its expected sales inflection to the third quarter of fiscal 2028, signaling a longer recovery and weaker earnings outlook than previously expected. Article: Nike sales recovery pushed back
• Negative Sentiment: The strategy of reducing supply and promotional sales is costing Nike revenue in the near term. Whether that trade-off pays off depends on the company’s ability to improve margins and revive demand; investors are awaiting its November 17 margin target for more evidence. Article: Nike Stock Is Down 78% From Its Peak

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.