Phoenix Financial Ltd. Acquires 9,212 Shares of NIKE, Inc. $NKE

Phoenix Financial Ltd. grew its stake in shares of NIKE, Inc. (NYSE:NKE) by 11.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 88,233 shares of the footwear maker’s stock after purchasing an additional 9,212 shares during the quarter. Phoenix Financial Ltd.’s holdings in NIKE were worth $6,159,000 at the end of the most recent quarter.

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

NIKE Stock Up 0.0%

Shares of NKE stock opened at $65.06 on Tuesday. NIKE, Inc. has a fifty-two week low of $52.28 and a fifty-two week high of $82.44. The stock’s 50-day simple moving average is $63.96 and its 200-day simple moving average is $68.92. 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 firm has a market capitalization of $96.32 billion, a PE ratio of 38.27, a P/E/G ratio of 3.38 and a beta of 1.28.

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

NIKE Increases Dividend

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

Trending Headlines about NIKE

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: Nike will cut about 775 jobs (roughly 1% of its workforce) at U.S. distribution centers as it accelerates automation to boost efficiency and profitability — a move investors typically view as supportive for margins and long‑term operating leverage. Nike to cut 775 jobs in US distribution centers, CNBC reports
• Positive Sentiment: Nike’s CEO buying shares (reported by The Motley Fool) is a bullish insider signal that can bolster investor confidence in management’s turnaround and capital allocation plan. Nike Stock Is Down, but Is It a Buy?
• Neutral Sentiment: Relative valuation pieces and comparisons to peers (e.g., Adidas) are circulating; these contextualize NKE’s P/E and growth expectations but don’t change near-term fundamentals on their own. ADDYY vs. NKE: Which Stock Is the Better Value Option?
• Negative Sentiment: Nike is investigating a claimed ransomware/data leak (reportedly ~1.4 TB) by a group called World Leaks. Cybersecurity incidents can lead to direct remediation costs, potential regulatory scrutiny and short‑term consumer/partner disruption — a clear near‑term risk to sentiment. Nike says it is investigating possible data breach

Insider Buying and Selling at NIKE

In related news, CEO Elliott Hill acquired 16,388 shares of the firm’s stock in a transaction dated Monday, December 29th. The stock was acquired at an average price of $61.10 per share, with a total value of $1,001,306.80. Following the acquisition, the chief executive officer directly owned 241,587 shares in the company, valued at $14,760,965.70. This represents a 7.28% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Chairman Mark G. Parker sold 86,078 shares of the company’s stock in a transaction dated Friday, November 14th. The stock was sold at an average price of $64.80, for a total value of $5,577,854.40. Following the completion of the sale, the chairman owned 647,615 shares in the company, valued at $41,965,452. The trade was a 11.73% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have bought 91,229 shares of company stock worth $5,452,640. Insiders own 0.80% of the company’s stock.

Analysts Set New Price Targets

NKE has been the subject of a number of recent research reports. KeyCorp reduced their price objective on shares of NIKE from $90.00 to $75.00 and set an “overweight” rating for the company in a research note on Thursday, January 22nd. BNP Paribas Exane reduced their price target on NIKE from $38.00 to $35.00 and set an “underperform” rating for the company in a research report on Friday, December 19th. Sanford C. Bernstein restated a “buy” rating and set a $85.00 price objective on shares of NIKE in a research note on Tuesday, January 6th. Robert W. Baird dropped their price objective on NIKE from $93.00 to $85.00 and set an “outperform” rating on the stock in a research report on Friday, December 19th. Finally, Bank of America reduced their target price on shares of NIKE from $84.00 to $73.00 and set a “buy” rating for the company in a report on Friday, December 19th. Two analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, NIKE currently has a consensus rating of “Moderate Buy” and a consensus price target of $74.65.

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).