Wealth Enhancement Advisory Services LLC Purchases 29,940 Shares of NIKE, Inc. $NKE

Wealth Enhancement Advisory Services LLC increased its position in shares of NIKE, Inc. (NYSE:NKE) by 9.3% in the fourth quarter, HoldingsChannel reports. The firm owned 351,984 shares of the footwear maker’s stock after purchasing an additional 29,940 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in NIKE were worth $23,006,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Twin Peaks Wealth Advisors LLC bought a new stake in NIKE during the second quarter worth about $31,000. Guerra Advisors Inc acquired a new position in shares of NIKE in the 3rd quarter worth approximately $34,000. Gordian Capital Singapore Pte Ltd bought a new stake in NIKE during the 3rd quarter worth approximately $35,000. Accredited Wealth Management LLC increased its holdings in NIKE by 268.6% during the 3rd quarter. Accredited Wealth Management LLC now owns 516 shares of the footwear maker’s stock valued at $36,000 after purchasing an additional 376 shares in the last quarter. Finally, Strive Asset Management LLC acquired a new stake in NIKE during the 3rd quarter valued at $40,000. 64.25% of the stock is currently owned by institutional investors and hedge funds.

Key NIKE News

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: Market resilience: Several outlets note NKE’s intraday gain and that the stock has held a short-term support area despite broader market weakness, which traders see as a short-term bullish signal. Nike (NKE) Increases Despite Market Slip: Here’s What You Need to Know
• Positive Sentiment: Analyst confidence remains in places: Coverage notes that some banks (e.g., Barclays mentioned in coverage) expect Nike can bounce back from soft sales, supporting upside if execution improves. UBS Wary of Nike Inc. (NKE)’s Weak Global Sales but Barclays Confident of Bounce Back
• Neutral Sentiment: Valuation gap highlighted: Analysis points out a large gap between current price and the street’s ~$76 consensus target — suggesting substantial analyst upside but also signaling that expectations may be optimistic versus near-term fundamentals. This is more of a framing piece than new catalyst. Wall Street’s $76 Target on Nike Looks Absurd — Until You Look at the Numbers
• Negative Sentiment: UBS trims target: UBS reiterated a Neutral rating but cut its price target from $62 to $58 citing weak global sales momentum — a nearer-term headwind for sentiment. UBS Wary of Nike Inc. (NKE)’s Weak Global Sales but Barclays Confident of Bounce Back
• Negative Sentiment: Deutsche Bank cuts target to $54 and keeps a Hold rating, removing a cushion for near-term upside and signaling limited analyst conviction at current levels. Benzinga coverage of Deutsche Bank price target change
• Negative Sentiment: Technical risk: Chart-focused commentary warns NKE is approaching a “make-or-break” support; if that fails, momentum traders may accelerate further downside. Nike stock price is nearing a make-or-break level: is it a buy?

NIKE Trading Up 1.5%

Shares of NKE opened at $53.51 on Wednesday. The stock’s fifty day simple moving average is $60.92 and its 200-day simple moving average is $64.43. The firm has a market capitalization of $79.21 billion, a PE ratio of 31.48, a price-to-earnings-growth ratio of 2.70 and a beta of 1.27. NIKE, Inc. has a 12-month low of $52.17 and a 12-month high of $80.17. The company has a quick ratio of 1.40, a current ratio of 2.06 and a debt-to-equity ratio of 0.50.

NIKE Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Monday, March 2nd will be paid a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend is Monday, March 2nd. NIKE’s dividend payout ratio (DPR) is 96.47%.

Insider Activity

In other NIKE news, CEO Elliott Hill purchased 16,388 shares of the stock in a transaction dated Monday, December 29th. The stock was bought at an average price of $61.10 per share, for a total transaction of $1,001,306.80. Following the transaction, the chief executive officer directly owned 241,587 shares in the company, valued at $14,760,965.70. This represents a 7.28% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 0.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on NKE. Stifel Nicolaus set a $65.00 price objective on NIKE and gave the stock a “hold” rating in a research note on Friday, December 19th. The Goldman Sachs Group lowered their target price on NIKE from $77.00 to $76.00 and set a “buy” rating for the company in a research note on Thursday, January 29th. KeyCorp cut their price target on NIKE from $90.00 to $75.00 and set an “overweight” rating for the company in a report on Thursday, January 22nd. Oppenheimer reissued an “outperform” rating on shares of NIKE in a report on Wednesday, December 17th. Finally, Sanford C. Bernstein restated a “buy” rating on shares of NIKE in a research report on Thursday, March 5th. Twenty-two research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $73.43.

NIKE 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).