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

Wealth Enhancement Advisory Services LLC boosted its position in NIKE, Inc. (NYSE:NKE) by 9.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 351,984 shares of the footwear maker’s stock after buying an additional 29,940 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in NIKE were worth $23,006,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of NIKE by 1.3% in the third quarter. Vanguard Group Inc. now owns 115,291,199 shares of the footwear maker’s stock valued at $8,039,255,000 after purchasing an additional 1,467,414 shares during the last quarter. State Street Corp lifted its position in shares of NIKE by 2.8% during the 2nd quarter. State Street Corp now owns 59,154,159 shares of the footwear maker’s stock worth $4,225,441,000 after purchasing an additional 1,590,603 shares during the last quarter. Capital World Investors boosted its stake in NIKE by 0.7% during the 3rd quarter. Capital World Investors now owns 42,239,013 shares of the footwear maker’s stock valued at $2,945,326,000 after purchasing an additional 286,615 shares during the period. Invesco Ltd. grew its holdings in NIKE by 3.3% in the 3rd quarter. Invesco Ltd. now owns 12,561,334 shares of the footwear maker’s stock valued at $875,902,000 after buying an additional 404,136 shares during the last quarter. Finally, Jennison Associates LLC grew its holdings in NIKE by 42.3% in the 3rd quarter. Jennison Associates LLC now owns 11,838,528 shares of the footwear maker’s stock valued at $825,501,000 after buying an additional 3,518,666 shares during the last quarter. Institutional investors and hedge funds own 64.25% of the company’s stock.

NIKE Price Performance

Shares of NIKE stock opened at $53.51 on Wednesday. The firm has a market cap of $79.21 billion, a P/E ratio of 31.48, a price-to-earnings-growth ratio of 2.70 and a beta of 1.27. The firm’s 50-day simple moving average is $60.92 and its 200-day simple moving average is $64.43. NIKE, Inc. has a twelve month low of $52.17 and a twelve month high of $80.17. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.40 and a current ratio of 2.06.

NIKE Announces Dividend

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

NIKE News Summary

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?

Insiders Place Their Bets

In related news, CEO Elliott Hill acquired 16,388 shares of the stock in a transaction dated Monday, December 29th. The shares were bought at an average cost of $61.10 per share, for a total transaction of $1,001,306.80. Following the purchase, the chief executive officer owned 241,587 shares in the company, valued at approximately $14,760,965.70. This trade represents a 7.28% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.80% of the company’s stock.

Analyst Ratings Changes

NKE has been the subject of a number of research analyst reports. Barclays upgraded NIKE from an “equal weight” rating to an “overweight” rating and upped their price target for the stock from $64.00 to $73.00 in a report on Wednesday, March 11th. UBS Group cut their target price on shares of NIKE from $62.00 to $58.00 and set a “neutral” rating for the company in a research note on Thursday, March 19th. Piper Sandler set a $75.00 price target on shares of NIKE and gave the company an “overweight” rating in a report on Friday, December 19th. Wells Fargo & Company set a $65.00 price target on shares of NIKE and gave the stock an “overweight” rating in a research report on Friday, December 19th. Finally, Raymond James Financial restated a “market perform” rating on shares of NIKE in a report on Monday, December 15th. Twenty-two investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, NIKE has an average rating of “Moderate Buy” and a consensus price target of $73.43.

NIKE Company 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).