Envestnet Portfolio Solutions Inc. Sells 59,510 Shares of NIKE, Inc. $NKE

Envestnet Portfolio Solutions Inc. reduced its stake in NIKE, Inc. (NYSE:NKE) by 76.2% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,603 shares of the footwear maker’s stock after selling 59,510 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in NIKE were worth $1,297,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Exchange Traded Concepts LLC grew its position in NIKE by 697.5% in the third quarter. Exchange Traded Concepts LLC now owns 228,889 shares of the footwear maker’s stock valued at $15,960,000 after acquiring an additional 200,187 shares during the last quarter. Soros Fund Management LLC raised its stake in shares of NIKE by 33.0% during the second quarter. Soros Fund Management LLC now owns 302,320 shares of the footwear maker’s stock valued at $21,477,000 after acquiring an additional 75,000 shares during the last quarter. Brighton Jones LLC raised its position in NIKE by 54.6% during the 3rd quarter. Brighton Jones LLC now owns 104,791 shares of the footwear maker’s stock worth $7,307,000 after purchasing an additional 37,019 shares during the last quarter. Soltis Investment Advisors LLC lifted its stake in shares of NIKE by 238.8% in the second quarter. Soltis Investment Advisors LLC now owns 141,356 shares of the footwear maker’s stock worth $10,042,000 after acquiring an additional 99,638 shares during the period. Finally, Banco Santander S.A. lifted its position in shares of NIKE by 28.3% in the 2nd quarter. Banco Santander S.A. now owns 221,117 shares of the footwear maker’s stock worth $15,708,000 after purchasing an additional 48,764 shares during the period. Institutional investors own 64.25% of the company’s stock.

Insider Buying and Selling

In other NIKE news, Director Jorgen Vig Knudstorp bought 16,150 shares of NIKE stock in a transaction on Friday, November 7th. The stock was acquired at an average cost of $62.09 per share, with a total value of $1,002,753.50. Following the completion of the acquisition, the director owned 21,388 shares in the company, valued at approximately $1,327,980.92. This represents a 308.32% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Elliott Hill purchased 16,388 shares of NIKE stock in a transaction on Monday, December 29th. The stock was bought at an average price of $61.10 per share, with a total value of $1,001,306.80. Following the transaction, the chief executive officer owned 241,587 shares of the company’s stock, valued at approximately $14,760,965.70. This represents a 7.28% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders purchased 91,229 shares of company stock worth $5,452,640 in the last three months. 0.80% of the stock is currently owned by company insiders.

NIKE Trading Down 2.9%

NKE opened at $63.11 on Wednesday. The business has a 50 day simple moving average of $63.97 and a two-hundred day simple moving average of $68.86. NIKE, Inc. has a one year low of $52.28 and a one year high of $82.44. The firm has a market capitalization of $93.42 billion, a price-to-earnings ratio of 37.12, a PEG ratio of 3.38 and a beta of 1.28. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.06 and a quick ratio of 1.40.

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

NIKE Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 2nd. Shareholders of record on Monday, December 1st were issued a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend was Monday, December 1st. This is a positive change from NIKE’s previous quarterly dividend of $0.40. NIKE’s dividend payout ratio is 96.47%.

Key Stories Impacting NIKE

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: BTIG reaffirmed a “buy” on NKE and set a $100 price target, signaling strong upside from current levels and giving investors a reason to view recent weakness as a buying opportunity. Benzinga: BTIG buy rating
• Positive Sentiment: Insider/management buying highlighted in commentary (Fool) — Nike’s CEO has been buying shares, which investors often see as a vote of confidence in the turnaround. Nike Stock Is Down, but Is It a Buy?
• Neutral Sentiment: Longer-term debate over relative value persists — several write-ups compare Nike to peers (Adidas) and weigh valuation vs. growth, leaving investors to decide if the pullback offers a durable value entry. ADDYY or NKE: Which Is the Better Value Stock Right Now?
• Neutral Sentiment: Some analysts note top-line stabilization but mixed segment trends — commentators say Nike’s revenue has steadied but certain regions/products still lag, making the recovery uneven. Down More Than 50% in 3 Years, Is Now Finally the Time to Buy Nike Stock?
• Negative Sentiment: Nike announced plans to cut ~775 U.S. distribution jobs to accelerate automation and improve margins — the move reduces costs but raises near-term execution and reputational risks; it’s a key reason for today’s negative sentiment. Nike to cut 775 jobs in US distribution centers, CNBC reports
• Negative Sentiment: Nike is investigating claims by a ransomware group that it leaked 1.4 TB of company data — a potential breach raises legal, operational and brand risks; uncertainty around scope likely weighed on the stock. Nike says it is investigating possible data breach
• Negative Sentiment: Demand headwinds in China and softer digital traffic are testing Nike’s two major growth engines, raising questions about the pace of the turnaround and near-term revenue recovery. Can NIKE Regain Its Stride as China and Digital Momentum Falter?
• Negative Sentiment: Market reports and wire coverage note the stock fell on the session as these operational and security concerns outweighed the positive notes. Nike (NKE) Stock Sinks As Market Gains: Here’s Why

Analysts Set New Price Targets

A number of research analysts recently issued reports on NKE shares. DZ Bank reiterated a “buy” rating on shares of NIKE in a research report on Friday, December 19th. Robert W. Baird lowered their target price on shares of NIKE from $93.00 to $85.00 and set an “outperform” rating for the company in a report on Friday, December 19th. BNP Paribas Exane dropped their price target on NIKE from $38.00 to $35.00 and set an “underperform” rating on the stock in a report on Friday, December 19th. Truist Financial set a $69.00 target price on shares of NIKE in a research note on Wednesday, January 14th. Finally, UBS Group reaffirmed a “neutral” rating on shares of NIKE in a research report on Monday, January 5th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $74.65.

About NIKE

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).