Bath Savings Trust Co Decreases Position in NIKE, Inc. $NKE

Bath Savings Trust Co cut its holdings in NIKE, Inc. (NYSE:NKE) by 10.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 103,133 shares of the footwear maker’s stock after selling 12,521 shares during the period. Bath Savings Trust Co’s holdings in NIKE were worth $6,571,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Norges Bank purchased a new stake in NIKE during the 2nd quarter valued at about $835,063,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its position in NIKE by 3,129.9% during the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 9,091,426 shares of the footwear maker’s stock worth $645,855,000 after acquiring an additional 8,809,950 shares during the last quarter. Harris Associates L P purchased a new position in NIKE in the 2nd quarter worth approximately $621,525,000. Invesco Ltd. lifted its position in NIKE by 66.1% in the second quarter. Invesco Ltd. now owns 12,157,198 shares of the footwear maker’s stock valued at $863,647,000 after purchasing an additional 4,840,114 shares during the last quarter. Finally, Jennison Associates LLC lifted its position in NIKE by 42.3% in the third quarter. Jennison Associates LLC now owns 11,838,528 shares of the footwear maker’s stock valued at $825,501,000 after purchasing an additional 3,518,666 shares during the last quarter. 64.25% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Raymond James Financial restated a “market perform” rating on shares of NIKE in a report on Monday, December 15th. Daiwa Securities Group lowered their price target on shares of NIKE from $75.00 to $61.00 in a report on Tuesday, December 23rd. Citigroup reissued a “neutral” rating and set a $65.00 price target (down from $70.00) on shares of NIKE in a research 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 report on Friday, December 19th. Finally, Robert W. Baird decreased their price objective on shares of NIKE from $93.00 to $85.00 and set an “outperform” rating on the stock in a research report on Friday, December 19th. Twenty-two research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $73.43.

NIKE Stock Up 1.5%

Shares of NYSE NKE opened at $53.51 on Wednesday. The firm has a fifty day simple moving average of $60.92 and a two-hundred day simple moving average of $64.43. NIKE, Inc. has a 12 month low of $52.17 and a 12 month high of $80.17. The company has a current ratio of 2.06, a quick ratio of 1.40 and a debt-to-equity ratio of 0.50. The firm has a market capitalization of $79.21 billion, a PE ratio of 31.48, a price-to-earnings-growth ratio of 2.70 and a beta of 1.27.

NIKE Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Monday, March 2nd will be paid a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend is Monday, March 2nd. NIKE’s dividend payout ratio is presently 96.47%.

Key NIKE News

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?

Insider Buying and Selling

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

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).