NIKE, Inc. $NKE Stock Sold by Mawer Investment Management Ltd.

Mawer Investment Management Ltd. lowered its stake in shares of NIKE, Inc. (NYSE:NKE) by 52.8% during the 3rd quarter, HoldingsChannel reports. The fund owned 448,175 shares of the footwear maker’s stock after selling 501,861 shares during the period. Mawer Investment Management Ltd.’s holdings in NIKE were worth $15,865,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in NKE. Scarborough Advisors LLC purchased a new position in shares of NIKE in the first quarter valued at $25,000. Meeder Asset Management Inc. raised its stake in shares of NIKE by 108.4% during 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 purchased a new stake in NIKE during the 1st quarter worth about $31,000. Main Street Group LTD purchased a new stake in NIKE during the 1st quarter worth about $36,000. Finally, Reyes Financial Architecture Inc. purchased a new stake in NIKE during the 3rd quarter worth about $26,000. Hedge funds and other institutional investors own 64.25% of the company’s stock.

NIKE Price Performance

NKE stock traded up $0.18 during midday trading on Friday, reaching $37.94. The company had a trading volume of 12,177,696 shares, compared to its average volume of 22,455,494. The firm has a 50-day moving average price of $36.88 and a 200-day moving average price of $44.97. The company has a market capitalization of $56.35 billion, a P/E ratio of 18.24, a P/E/G ratio of 4.33 and a beta of 1.01. NIKE, Inc. has a 1 year low of $31.97 and a 1 year 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.

NIKE (NYSE:NKE) last posted its quarterly earnings data on Thursday, October 1st. The footwear maker reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.05. The firm had revenue of $11.21 billion for 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 business’s quarterly revenue was down 4.3% on a year-over-year basis. During the same quarter last year, the company posted $0.49 EPS. NIKE has set its FY 2027 guidance at 1.150-1.350 EPS. On average, research analysts anticipate that NIKE, Inc. will post 1.24 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research analysts have commented on the company. BNP Paribas Exane set a $19.00 target price on NIKE and gave the stock an “underperform” rating in a research note on Friday, October 2nd. UBS Group reaffirmed a “neutral” rating on shares of NIKE in a report on Thursday, October 22nd. Wolfe Research assumed coverage on NIKE in a research report on Wednesday, October 21st. They set an “underperform” rating and a $28.00 price target on the stock. Berenberg Bank set a $27.50 price target on shares of NIKE and gave the stock a “sell” rating in a report on Tuesday, October 6th. Finally, Benchmark raised shares of NIKE to a “hold” rating in a report on Tuesday, September 22nd. One research 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 assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Reduce” and a consensus target price of $40.83.

Latest 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: 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

Insider Buying and Selling at NIKE

In related news, EVP Philip McCartney sold 2,559 shares of the stock in a transaction on Wednesday, September 9th. The stock was sold at an average price of $37.59, for a total value of $96,192.81. Following the transaction, the executive vice president owned 78,121 shares of the company’s stock, valued at $2,936,568.39. This represents a 3.17% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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 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 sale, the chief operating officer owned 104,862 shares in the company, valued at $3,941,762.58. The trade was a 3.38% decrease in their position. 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 Company 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.