Sumitomo Mitsui DS Asset Management Company Ltd Acquires 8,223 Shares of NIKE, Inc. $NKE

Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in NIKE, Inc. (NYSE:NKE) by 2.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 405,545 shares of the footwear maker’s stock after purchasing an additional 8,223 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in NIKE were worth $28,279,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently bought and sold shares of the stock. Norges Bank bought a new position 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 acquired a new position in NIKE in the second quarter worth $621,525,000. Invesco Ltd. grew its holdings in shares of NIKE by 66.1% during the second quarter. Invesco Ltd. now owns 12,157,198 shares of the footwear maker’s stock worth $863,647,000 after purchasing an additional 4,840,114 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its stake in shares of NIKE by 129.4% in the second quarter. Ameriprise Financial Inc. now owns 5,849,636 shares of the footwear maker’s stock valued at $411,951,000 after buying an additional 3,299,155 shares in the last quarter. 64.25% of the stock is currently owned by institutional investors.

Insider Transactions at NIKE

In related news, Director Jorgen Vig Knudstorp acquired 16,150 shares of the business’s stock in a transaction dated Friday, November 7th. The stock was bought at an average price of $62.09 per share, with a total value of $1,002,753.50. Following the acquisition, the director owned 21,388 shares in the company, valued at $1,327,980.92. This represents a 308.32% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Mark G. Parker sold 86,078 shares of the business’s stock in a transaction on Friday, November 14th. The stock was sold at an average price of $64.80, for a total transaction of $5,577,854.40. Following the transaction, the chairman owned 647,615 shares in the company, valued at approximately $41,965,452. The trade was a 11.73% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have purchased 91,229 shares of company stock worth $5,452,640. Corporate insiders own 0.80% of the company’s stock.

Key Headlines Impacting NIKE

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: Insider buying and high-profile bullish commentary — Directors and the CEO have recently bought shares, and Jim Cramer highlighted that insider purchases as a signal the turnaround may be gaining traction; insider purchases often boost investor confidence in near-term upside. Jim Cramer Says Insider Buying in Nike Signals “That the Business Is Indeed Turning”
• Positive Sentiment: Sanford C. Bernstein reaffirmed a Buy rating — A retained Buy from a major firm supports the turnaround narrative and can help underpin valuation expectations ahead of upcoming quarters. Sanford C. Bernstein Reaffirms “Buy” Rating for NIKE (NYSE:NKE)
• Neutral Sentiment: Relative-value pieces and “buy the dip” coverage — Several outlets (Zacks, MarketBeat) compare NKE vs. Adidas and discuss whether Nike is a dip-buy; useful for positioning but not immediate catalysts. ADDYY or NKE: Which Is the Better Value Stock Right Now?
• Neutral Sentiment: New coverage and model chatter — Deutsche Bank initiated coverage with a Hold and various media pieces (including a ChatGPT price projection) add noise but little fundamental clarity; these items can influence short-term flows.
• Negative Sentiment: Analyst skepticism on turnaround timing — Needham flagged that early “brand heat” may not translate quickly into sustainable growth, emphasizing uncertainty around the timeline for recovery. That raises risk around near-term execution. Nike ‘Brand Heat’ Not Enough, Analyst Says: ‘Timeline Is Uncertain At Best’
• Negative Sentiment: Downgrades and China concerns — TipRanks reported a downgrade citing slow turnaround progress and China weakness remains a recurring headwind; RBC cut its price target while saying profitable growth is possible, and another bank issued pessimistic forecasts — these weigh on medium-term upside and multiple expansion. Nike Stock (NKE) Is Downgraded on Slow Turnaround Progress RBC lowers Nike (NKE) target but sees path to profitable growth intact Royal Bank Of Canada Issues Pessimistic Forecast for NIKE (NYSE:NKE) Stock Price

NIKE Price Performance

Shares of NKE opened at $65.87 on Friday. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.40 and a current ratio of 2.06. NIKE, Inc. has a 52-week low of $52.28 and a 52-week high of $82.44. The stock has a 50 day simple moving average of $63.46 and a 200 day simple moving average of $69.45. The firm has a market capitalization of $97.51 billion, a PE ratio of 38.74, a P/E/G ratio of 2.81 and a beta of 1.28.

NIKE (NYSE:NKE) last issued its quarterly earnings data on Thursday, December 18th. The footwear maker reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.16. The business had revenue of $12.43 billion for 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%. The firm’s quarterly revenue was up .6% on a year-over-year basis. During the same period last year, the business posted $0.78 earnings per share. Sell-side analysts predict that NIKE, Inc. will post 2.05 EPS for the current fiscal year.

NIKE Increases Dividend

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

Analyst Upgrades and Downgrades

NKE has been the subject of several research reports. Berenberg Bank restated a “neutral” rating and issued a $70.00 price objective on shares of NIKE in a research report on Friday, December 19th. KeyCorp set a $90.00 price objective on NIKE and gave the stock an “overweight” rating in a report on Thursday, October 2nd. Truist Financial set a $70.00 target price on NIKE and gave the stock a “buy” rating in a research report on Friday, December 19th. UBS Group reiterated a “neutral” rating on shares of NIKE in a research report on Monday. Finally, Piper Sandler set a $75.00 price objective on NIKE and gave the stock an “overweight” rating in a report on Friday, December 19th. Two research 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 issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average 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).