E. Ohman J or Asset Management AB Buys Shares of 32,496 NIKE, Inc. $NKE

E. Ohman J or Asset Management AB purchased a new position in shares of NIKE, Inc. (NYSE:NKE) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 32,496 shares of the footwear maker’s stock, valued at approximately $2,070,000.

Other hedge funds have also recently modified their holdings of the company. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of NIKE in the 2nd quarter worth $31,000. Guerra Advisors Inc purchased a new stake in shares of NIKE in the third quarter valued at about $34,000. Gordian Capital Singapore Pte Ltd acquired a new position in shares of NIKE during the third quarter worth about $35,000. Accredited Wealth Management LLC increased its stake in shares of NIKE by 268.6% during the third quarter. Accredited Wealth Management LLC now owns 516 shares of the footwear maker’s stock worth $36,000 after acquiring an additional 376 shares during the period. Finally, Strive Asset Management LLC purchased a new position in NIKE during the third quarter worth about $40,000. 64.25% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

NKE has been the subject of a number of analyst reports. UBS Group cut their target price on NIKE from $62.00 to $58.00 and set a “neutral” rating for the company in a research note on Thursday, March 19th. Wells Fargo & Company set a $65.00 price objective on NIKE and gave the stock an “overweight” rating in a report on Friday, December 19th. KeyCorp cut their price objective on NIKE from $90.00 to $75.00 and set an “overweight” rating for the company in a research report on Thursday, January 22nd. Barclays raised NIKE from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $64.00 to $73.00 in a report on Wednesday, March 11th. Finally, BNP Paribas Exane decreased their target price on shares of NIKE from $38.00 to $35.00 and set an “underperform” rating on the stock in a research report on Friday, December 19th. Twenty-two equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $73.43.

NIKE Stock Up 1.5%

NKE stock opened at $53.51 on Wednesday. The company has a 50 day moving average price of $60.92 and a two-hundred day moving average price of $64.43. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.40 and a current ratio of 2.06. The stock has a market capitalization of $79.21 billion, a P/E ratio of 31.48, a PEG ratio of 2.70 and a beta of 1.27. NIKE, Inc. has a one year low of $52.17 and a one year high of $80.17.

NIKE Announces Dividend

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

Insider Transactions at NIKE

In related news, CEO Elliott Hill bought 16,388 shares of the stock in a transaction that occurred on Monday, December 29th. The stock was purchased 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 owned 241,587 shares in the company, valued at $14,760,965.70. This trade represents a 7.28% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.80% of the company’s stock.

Key Stories Impacting NIKE

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?

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).