Trust Co. of Vermont Takes Position in NIKE, Inc. $NKE

Trust Co. of Vermont acquired a new position in shares of NIKE, Inc. (NYSE:NKE) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 39,361 shares of the footwear maker’s stock, valued at approximately $1,616,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Principle Wealth Partners LLC grew its stake in NIKE by 34.9% in the second quarter. Principle Wealth Partners LLC now owns 6,228 shares of the footwear maker’s stock valued at $256,000 after acquiring an additional 1,611 shares during the period. Capital Financial Group Inc. Co. ADV lifted its holdings in shares of NIKE by 66.3% during the 2nd quarter. Capital Financial Group Inc. Co. ADV now owns 21,891 shares of the footwear maker’s stock valued at $899,000 after purchasing an additional 8,728 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of NIKE by 8.9% during the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 3,049,658 shares of the footwear maker’s stock valued at $125,190,000 after purchasing an additional 248,502 shares in the last quarter. OneDigital Investment Advisors LLC grew its position in shares of NIKE by 32.8% in the 2nd quarter. OneDigital Investment Advisors LLC now owns 244,296 shares of the footwear maker’s stock valued at $10,028,000 after purchasing an additional 60,375 shares during the period. Finally, Hexagon Capital Partners LLC grew its position in shares of NIKE by 68.3% in the 2nd quarter. Hexagon Capital Partners LLC now owns 6,797 shares of the footwear maker’s stock valued at $279,000 after purchasing an additional 2,758 shares during the period. 64.25% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

NKE has been the subject of a number of research reports. Sanford C. Bernstein reissued an “outperform” rating and set a $68.00 target price (down from $72.00) on shares of NIKE in a research note on Wednesday, July 29th. DZ Bank reiterated a “buy” rating on shares of NIKE in a report on Tuesday, June 30th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of NIKE from $43.00 to $45.00 and gave the stock a “hold” rating in a research report on Friday, July 17th. The Goldman Sachs Group dropped their price objective on shares of NIKE from $46.00 to $42.00 and set a “neutral” rating on the stock in a report on Wednesday, July 1st. Finally, Weiss Ratings raised shares of NIKE from a “sell (d)” rating to a “sell (d+)” rating in a research report on Friday, July 17th. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, eighteen have given a Hold rating and five have given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $53.53.

Insider Buying and Selling at NIKE

In other news, CFO Matthew Friend sold 2,463 shares of the firm’s stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $41.60, for a total value of $102,460.80. Following the completion of the transaction, the chief financial officer owned 82,165 shares in the company, valued at $3,418,064. This trade represents a 2.91% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Philip Mccartney sold 17,398 shares of NIKE stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $46.18, for a total value of $803,439.64. Following the completion of the sale, the executive vice president directly owned 53,133 shares in the company, valued at approximately $2,453,681.94. This represents a 24.67% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 26,142 shares of company stock valued at $1,169,380 over the last quarter. 1.10% of the stock is currently owned by corporate insiders.

Key Headlines Impacting NIKE

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: Recent results showed improving wholesale demand, particularly in North America, alongside a sharp improvement in gross margin and better-than-expected earnings. Management’s focus on product innovation and marketplace execution is giving some investors hope that the reset under CEO Elliott Hill can eventually restore growth. Why Nike Stock Is Up Today
• Positive Sentiment: Valuation and income appeal are attracting contrarian investors. The stock offers a dividend yield near 4%, and NIKE could potentially extend its dividend-growth streak for a 25th consecutive year in 2026. Several company insiders have also purchased shares recently. Nike Stock Dividend Outlook
• Neutral Sentiment: Analyst targets imply substantial potential upside, with reports citing an average target around $50.66 and a median six-month target of $47.50. However, targets vary widely, underscoring the uncertainty surrounding the turnaround. Nike Price Target Outlook
• Negative Sentiment: Investors remain concerned that the turnaround is taking too long. NIKE has lost roughly 78% from its 2021 peak and more than $200 billion in market value, while weak direct-to-consumer demand, international pressure and a reported decline in China sales continue to weigh on sentiment. Nike Stock Hits Lowest Level Since 2014
• Negative Sentiment: A recent analyst downgrade and weak digital sales have reinforced fears that product and distribution problems will persist. Technical analysts also describe the stock’s trend as severely damaged, limiting confidence that the current rebound represents a durable bottom. What Is Dragging Nike Down?

NIKE Trading Up 2.5%

NYSE:NKE opened at $40.06 on Wednesday. The company has a market cap of $59.43 billion, a P/E ratio of 19.17, a price-to-earnings-growth ratio of 1.81 and a beta of 1.11. NIKE, Inc. has a twelve month low of $38.86 and a twelve month high of $80.17. The business has a 50 day moving average price of $42.73 and a two-hundred day moving average price of $48.29. The company has a quick ratio of 1.36, a current ratio of 1.96 and a debt-to-equity ratio of 0.40.

NIKE (NYSE:NKE) last posted its quarterly earnings data on Tuesday, June 30th. The footwear maker reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.09. The company had revenue of $10.97 billion for the quarter, compared to the consensus estimate of $10.85 billion. NIKE had a net margin of 6.70% and a return on equity of 16.54%. The firm’s revenue was down 1.1% compared to the same quarter last year. During the same period last year, the company earned $0.14 earnings per share. As a group, analysts expect that NIKE, Inc. will post 1.74 EPS for the current fiscal year.

NIKE Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 1st will be paid a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 4.1%. The ex-dividend date is Tuesday, September 1st. NIKE’s payout ratio is presently 78.47%.

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).