Teachers Retirement System of The State of Kentucky Trims Stock Position in NIKE, Inc. $NKE

Teachers Retirement System of The State of Kentucky cut its holdings in NIKE, Inc. (NYSE:NKE) by 31.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 181,171 shares of the footwear maker’s stock after selling 81,954 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in NIKE were worth $9,569,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of NKE. Procyon Advisors LLC increased its position in NIKE by 16.2% during the 1st quarter. Procyon Advisors LLC now owns 7,523 shares of the footwear maker’s stock worth $397,000 after purchasing an additional 1,048 shares in the last quarter. LGT Fund Management Co Ltd. acquired a new stake in shares of NIKE during the 1st quarter worth about $936,000. International Assets Investment Management LLC grew its holdings in shares of NIKE by 42.0% during the first quarter. International Assets Investment Management LLC now owns 15,096 shares of the footwear maker’s stock worth $797,000 after buying an additional 4,462 shares in the last quarter. United Bank increased its stake in NIKE by 10.4% in the first quarter. United Bank now owns 18,768 shares of the footwear maker’s stock valued at $991,000 after purchasing an additional 1,773 shares during the last quarter. Finally, Pittenger & Anderson Inc. increased its position in NIKE by 28.2% during the first quarter. Pittenger & Anderson Inc. now owns 11,585 shares of the footwear maker’s stock worth $612,000 after purchasing an additional 2,550 shares during the last quarter. 64.25% of the stock is owned by hedge funds and other institutional investors.

More NIKE News

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: NIKE’s increased brand investments may be supporting demand and consumer engagement, which could help longer-term revenue growth if the company converts that attention into sales. NIKE’s Brand Investments: Building Growth or Hurting Margins?
• Positive Sentiment: Brokerages continue to rate NIKE as a “Hold,” suggesting analysts see limited upside catalysts right now but do not expect an immediate collapse in fundamentals. NIKE, Inc. (NYSE:NKE) Given Average Rating of “Hold” by Brokerages
• Neutral Sentiment: Several articles focus on NIKE’s long-term performance and recent CEO share buying, but these are more commentary than fresh operational updates, so they are less likely to move the stock on their own. Nike Stock Is Down 44% From Its High…
• Negative Sentiment: Multiple reports highlight margin pressure from higher marketing and transformation spending, which could weigh on near-term earnings power. NIKE’s Brand Investments: Building Growth or Hurting Margins?
• Negative Sentiment: Analysts and commentators are warning that NIKE faces additional downside as retail and industry-wide challenges build, including weak demand, tariffs, excess inventory, and restructuring issues. Nike (NKE) Has More Downside Ahead as Challenges Rise
• Negative Sentiment: Bearish articles also point out that NIKE’s recent earnings beat was boosted by a one-time tariff refund, while underlying revenue growth and margins remain weak, limiting confidence in a durable turnaround. Nike: Iconic Brand But Wouldn’t Touch It With A 10 Foot Pole Right Now

Analyst Ratings Changes

A number of research analysts recently weighed in on NKE shares. Bank of America reduced their target price on NIKE from $55.00 to $47.00 and set a “neutral” rating on the stock in a report on Wednesday, July 1st. The Goldman Sachs Group cut their price objective on NIKE from $46.00 to $42.00 and set a “neutral” rating on the stock in a report on Wednesday, July 1st. Guggenheim reaffirmed a “buy” rating and issued a $60.00 price objective (down from $74.00) on shares of NIKE in a research note on Wednesday, July 1st. Evercore set a $46.00 target price on NIKE and gave the stock an “in-line” rating in a report on Tuesday, June 23rd. Finally, Wells Fargo & Company dropped their target price on shares of NIKE from $45.00 to $40.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 1st. Thirteen equities research analysts have rated the stock with a Buy rating, nineteen have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat, NIKE currently has a consensus rating of “Hold” and a consensus target price of $54.80.

Insider Buying and Selling

In other NIKE news, EVP Philip Mccartney sold 17,398 shares of the company’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $46.18, for a total value of $803,439.64. Following the completion of the transaction, the executive vice president owned 53,133 shares in the company, valued at $2,453,681.94. This represents a 24.67% decrease in their position. 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Company insiders own 0.80% of the company’s stock.

NIKE Trading Down 1.3%

NYSE:NKE opened at $43.79 on Tuesday. The business’s 50-day moving average is $43.70 and its two-hundred day moving average is $52.27. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.96 and a quick ratio of 1.36. NIKE, Inc. has a 12 month low of $40.00 and a 12 month high of $80.17. The firm has a market capitalization of $64.84 billion, a PE ratio of 20.95, a price-to-earnings-growth ratio of 2.56 and a beta of 1.12.

NIKE (NYSE:NKE) last issued its earnings results on Tuesday, June 30th. The footwear maker reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.11 by $0.09. NIKE had a return on equity of 16.54% and a net margin of 6.70%.The company had revenue of $10.97 billion during the quarter, compared to the consensus estimate of $10.85 billion. During the same quarter in the prior year, the business earned $0.14 earnings per share. The company’s revenue was down 1.1% compared to the same quarter last year. Research analysts predict that NIKE, Inc. will post 1.76 earnings per share for the current fiscal year.

NIKE Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 1st. Investors of record on Monday, June 1st were given a dividend of $0.41 per share. The ex-dividend date of this dividend was Monday, June 1st. This represents a $1.64 annualized dividend and a yield of 3.7%. NIKE’s payout ratio is 78.47%.

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).