Andra AP fonden Lowers Stake in NIKE, Inc. $NKE

Key Points

• Andra AP fonden cut its NIKE stake by 94.2% in the second quarter, selling 220,800 shares and retaining 13,617 shares valued at approximately $559,000.
• NIKE faces significant turnaround challenges, including weak lifestyle demand, promotional pressure, declining expected quarterly results and the loss of soccer star Kylian Mbappé to On Holding. Analysts maintain a consensus “Hold” rating with an average price target of $48.41.
• Shares opened at $35.99, near the company’s one-year low, while options markets imply an unusually large move around the October 1 earnings report. The company also declared a quarterly dividend of $0.41 per share, equivalent to a 4.6% annualized yield.

Andra AP fonden decreased its position in shares of NIKE, Inc. (NYSE:NKE - Free Report) by 94.2% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 13,617 shares of the footwear maker's stock after selling 220,800 shares during the quarter. Andra AP fonden's holdings in NIKE were worth $559,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. TCM Advisors LLC boosted its holdings in NIKE by 1.8% in the 4th quarter. TCM Advisors LLC now owns 11,218 shares of the footwear maker's stock worth $715,000 after buying an additional 200 shares during the period. FAS Wealth Partners Inc. lifted its position in shares of NIKE by 4.2% during the first quarter. FAS Wealth Partners Inc. now owns 6,109 shares of the footwear maker's stock worth $323,000 after acquiring an additional 249 shares in the last quarter. Elevation Wealth Partners LLC boosted its holdings in shares of NIKE by 34.6% in the second quarter. Elevation Wealth Partners LLC now owns 989 shares of the footwear maker's stock worth $41,000 after acquiring an additional 254 shares during the period. Midwest Professional Planners LTD. grew its position in shares of NIKE by 1.5% in the first quarter. Midwest Professional Planners LTD. now owns 17,904 shares of the footwear maker's stock valued at $946,000 after purchasing an additional 266 shares in the last quarter. Finally, Advance Capital Management Inc. raised its stake in shares of NIKE by 7.1% during the 1st quarter. Advance Capital Management Inc. now owns 4,203 shares of the footwear maker's stock valued at $222,000 after purchasing an additional 279 shares during the period. Hedge funds and other institutional investors own 64.25% of the company's stock.

Key Headlines Impacting NIKE

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: NIKE signed a reported $200 million partnership with the University of Miami, providing a sizable university-sports contract and a potential sign that the brand continues to win important institutional business. Down Nearly 80%, Nike Just Won a University-Sized Catalyst From Adidas
• Positive Sentiment: BTIG reaffirmed a Buy rating and a $55 price target, implying substantial upside from recent levels. A major retail partner also described NIKE as “a very strong brand,” while JD Sports said the company’s turnaround efforts are moving in the right direction. Nike Remains a Very Strong Brand
• Neutral Sentiment: Options traders are pricing in an unusually large move of nearly 9% around the October 1 earnings release, highlighting elevated event risk rather than a clear directional outlook. Nike Stock Set for Near 9% Move After Q1 Earnings
• Negative Sentiment: Analysts expect first-quarter earnings and revenue to decline, with Needham maintaining a Hold rating, cutting estimates, and warning of additional downside. Barclays, Stifel, and other firms have also reduced price targets ahead of the report. Nike Gears Up for Q1 Earnings
• Negative Sentiment: Weak lifestyle demand, promotional pressure, and uncertainty over inventory and wholesale sell-through continue to cloud the turnaround. Investors want evidence that improving margins and performance categories can offset softer sales. Nike Wall Street Tests Whether the Turnaround Can Outrun Weak Demand
• Negative Sentiment: NIKE also lost a high-profile endorsement relationship after soccer star Kylian Mbappé signed with On Holding, creating concerns about competitive pressure in football and the company’s ability to retain major athletes. On Holding Poached One of Football’s Biggest Stars From Nike

Insider Buying and Selling at NIKE

In other news, insider Amy Montagne sold 4,867 shares of the business's stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $42.05, for a total value of $204,657.35. Following the completion of the sale, the insider directly owned 57,436 shares in the company, valued at approximately $2,415,183.80. The trade was a 7.81% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Philip McCartney sold 2,559 shares of the company's stock in a transaction on Wednesday, September 9th. The shares were sold at an average price of $37.59, for a total transaction of $96,192.81. Following the completion of the sale, the executive vice president directly owned 78,121 shares of the company's stock, valued at $2,936,568.39. This trade represents a 3.17% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 14,974 shares of company stock valued at $600,126. 1.10% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Morgan Stanley set a $31.00 price objective on shares of NIKE and gave the company an "underweight" rating in a research note on Thursday, September 10th. JPMorgan Chase & Co. reiterated a "sell" rating on shares of NIKE in a research note on Monday, August 31st. Royal Bank Of Canada reissued a "neutral" rating on shares of NIKE in a report on Tuesday. BNP Paribas Exane restated an "underperform" rating on shares of NIKE in a research report on Wednesday, July 22nd. Finally, CICC Research decreased their price target on shares of NIKE from $58.00 to $44.80 and set a "neutral" rating on the stock in a report on Thursday, July 2nd. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating, twenty-two have issued a Hold rating and six have given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $48.41.

NIKE Price Performance

Shares of NYSE:NKE opened at $35.99 on Friday. The company's fifty day moving average price is $39.74 and its 200-day moving average price is $43.63. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.96 and a quick ratio of 1.36. The firm has a market capitalization of $53.39 billion, a price-to-earnings ratio of 17.22, a PEG ratio of 1.84 and a beta of 1.10. NIKE, Inc. has a one year low of $35.35 and a one year high of $76.97.

NIKE (NYSE:NKE - Get Free Report) last posted its quarterly earnings data on Tuesday, June 30th. The footwear maker reported $0.20 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.11 by $0.09. The company had revenue of $10.97 billion during the quarter, compared to the consensus estimate of $10.85 billion. NIKE had a net margin of 6.70% and a return on equity of 16.54%. The firm's revenue was down 1.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.14 EPS. On average, equities research analysts anticipate that NIKE, Inc. will post 1.67 earnings per share for the current fiscal year.

NIKE Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 1st will be given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 4.6%. The ex-dividend date is Tuesday, September 1st. NIKE's dividend payout ratio (DPR) is presently 78.47%.

NIKE Profile

NIKE, Inc is a global athletic footwear, apparel and equipment company headquartered near Beaverton, Oregon. The company designs, develops and markets products under the NIKE, Jordan and Converse brands, serving athletes and consumers across a broad range of sports and lifestyle categories.

NIKE's offerings include athletic and casual footwear, sportswear, apparel, accessories and athletic equipment. The company distributes its products through company-owned retail stores, digital platforms, wholesale partners and independent distributors.

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