Ferguson Wellman Capital Management Inc. Has $44.04 Million Position in NIKE, Inc. $NKE

Ferguson Wellman Capital Management Inc. grew its holdings in NIKE, Inc. (NYSE:NKE) by 21.2% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 631,564 shares of the footwear maker’s stock after buying an additional 110,456 shares during the quarter. Ferguson Wellman Capital Management Inc.’s holdings in NIKE were worth $44,039,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Mascoma Wealth Management LLC acquired a new position in NIKE in the second quarter worth about $26,000. Halbert Hargrove Global Advisors LLC grew its stake in shares of NIKE by 952.6% in the 2nd quarter. Halbert Hargrove Global Advisors LLC now owns 400 shares of the footwear maker’s stock valued at $28,000 after purchasing an additional 362 shares during the period. Matrix Trust Co raised its holdings in shares of NIKE by 53.1% in the 2nd quarter. Matrix Trust Co now owns 441 shares of the footwear maker’s stock worth $31,000 after buying an additional 153 shares in the last quarter. Twin Peaks Wealth Advisors LLC acquired a new position in shares of NIKE in the 2nd quarter worth approximately $31,000. Finally, Opal Wealth Advisors LLC bought a new position in shares of NIKE during the 2nd quarter worth approximately $35,000. 64.25% of the stock is owned by institutional investors.

Key NIKE News

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: Insider buying by CEO Elliott Hill and other insiders is being highlighted as a vote of confidence in Nike’s early-turnaround signs; MarketBeat notes insiders stepping in and a consensus price target above the current level. MarketBeat Insider Buying
• Positive Sentiment: Sanford C. Bernstein reaffirmed a Buy rating on NKE, signaling some analyst-level conviction in the company’s multi-year recovery potential. Sanford C. Bernstein Reaffirms Buy
• Positive Sentiment: Bank of America reiterated a Buy rating citing North America-led improvement, inventory discipline, and recovery potential — supportive for medium-term sentiment. Bank of America Buy Rating
• Neutral Sentiment: Deutsche Bank initiated coverage with a Hold rating — adds another institutional voice but not a strong directional signal.
• Neutral Sentiment: Valuation comparisons (Zacks) with Adidas keep Nike in investors’ screens for relative-value thinking; these pieces are informational rather than catalysts. Zacks ADDYY vs NKE
• Neutral Sentiment: Opinion pieces asking whether to “buy the dip” flag Nike as a recovery candidate — these can support retail buying but are not hard news. Is It Time to Buy the Dip?
• Neutral Sentiment: AI-driven short-term price predictions (ChatGPT/Benzinga) are noise — may influence retail chatter but not fundamentals. Benzinga ChatGPT Price Prediction
• Negative Sentiment: Analyst downgrade on slow turnaround progress (China weakness and slower-than-expected recovery) is pressuring sentiment and is an explicit negative catalyst. TipRanks Downgrade
• Negative Sentiment: Coverage arguing Nike’s turnaround is taking longer than expected (MSN feature) amplifies caution and investor frustration despite high-profile insider buying. MSN: Needs More Than Tim Cook
• Negative Sentiment: Royal Bank of Canada issued a pessimistic near-term price forecast, adding to the sell-side caution. RBC Pessimistic Forecast
• Negative Sentiment: Nike quietly exiting/disposing of RTFKT after closing its digital collectibles arm signals strategic pullback from NFTs and raises questions about prior digital investments. Cointelegraph: RTFKT Exit

NIKE Trading Up 3.1%

Shares of NYSE NKE opened at $65.21 on Friday. NIKE, Inc. has a 1-year low of $52.28 and a 1-year high of $82.44. The company has a 50-day moving average of $63.43 and a two-hundred day moving average of $69.42. The company has a market cap of $96.39 billion, a PE ratio of 38.36, a P/E/G ratio of 2.72 and a beta of 1.28. The company has a current ratio of 2.06, a quick ratio of 1.40 and a debt-to-equity ratio of 0.50.

NIKE (NYSE:NKE) last issued its quarterly earnings results on Thursday, December 18th. The footwear maker reported $0.53 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.16. NIKE had a net margin of 5.43% and a return on equity of 18.43%. The business had revenue of $12.43 billion during the quarter, compared to analyst estimates of $12.19 billion. During the same quarter last year, the business posted $0.78 earnings per share. NIKE’s revenue for the quarter was up .6% compared to the same quarter last year. As a group, equities analysts expect that NIKE, Inc. will post 2.05 earnings per share for the current fiscal year.

NIKE Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 2nd. Stockholders of record on Monday, December 1st were paid a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 2.5%. This is a boost from NIKE’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Monday, December 1st. NIKE’s payout ratio is currently 96.47%.

Insider Transactions at NIKE

In other NIKE news, Director Timothy D. Cook bought 50,000 shares of the business’s stock in a transaction on Monday, December 22nd. The shares were bought at an average cost of $58.97 per share, for a total transaction of $2,948,500.00. Following the transaction, the director owned 105,480 shares in the company, valued at approximately $6,220,155.60. This trade represents a 90.12% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Jorgen Vig Knudstorp purchased 16,150 shares of the stock in a transaction dated Friday, November 7th. The shares were acquired at an average price of $62.09 per share, with a total value of $1,002,753.50. Following the transaction, the director owned 21,388 shares in the company, valued at $1,327,980.92. This trade represents a 308.32% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last 90 days, insiders acquired 91,229 shares of company stock valued at $5,452,640. 0.80% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

NKE has been the topic of a number of analyst reports. Weiss Ratings cut NIKE from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Monday, December 29th. Citigroup restated a “neutral” rating and issued a $65.00 target price (down previously from $70.00) on shares of NIKE in a research note on Friday, December 19th. Needham & Company LLC cut shares of NIKE from a “buy” rating to a “hold” rating in a research report on Thursday. Telsey Advisory Group reduced their price target on shares of NIKE from $75.00 to $72.00 and set a “market perform” rating on the stock in a research report on Friday, December 19th. Finally, Daiwa Capital Markets decreased their price objective on shares of NIKE from $75.00 to $61.00 in a research note on Tuesday, December 23rd. Two investment analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating, eleven have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, NIKE currently has a consensus rating of “Moderate Buy” and a consensus target price of $75.32.

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).