Mizuho Markets Cayman LP purchased a new stake in shares of NIKE, Inc. (NYSE:NKE – Free Report) during the 3rd quarter, Holdings Channel.com reports. The fund purchased 490,470 shares of the footwear maker’s stock, valued at approximately $34,200,000. NIKE accounts for about 1.7% of Mizuho Markets Cayman LP’s portfolio, making the stock its 12th biggest position.
Other hedge funds and other institutional investors have also modified their holdings of the company. Exchange Traded Concepts LLC boosted its stake in shares of NIKE by 697.5% in the 3rd quarter. Exchange Traded Concepts LLC now owns 228,889 shares of the footwear maker’s stock valued at $15,960,000 after purchasing an additional 200,187 shares during the last quarter. Strive Asset Management LLC acquired a new stake in shares of NIKE during the 3rd quarter worth approximately $1,743,000. Soros Fund Management LLC raised its stake in shares of NIKE by 33.0% during the second quarter. Soros Fund Management LLC now owns 302,320 shares of the footwear maker’s stock worth $21,477,000 after buying an additional 75,000 shares during the last quarter. Brighton Jones LLC raised its stake in shares of NIKE by 54.6% during the third quarter. Brighton Jones LLC now owns 104,791 shares of the footwear maker’s stock worth $7,307,000 after buying an additional 37,019 shares during the last quarter. Finally, Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD lifted its holdings in NIKE by 106.1% in the third quarter. Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD now owns 205,082 shares of the footwear maker’s stock valued at $14,343,000 after buying an additional 105,569 shares during the period. Institutional investors and hedge funds own 64.25% of the company’s stock.
Key Stories Impacting NIKE
Here are the key news stories impacting NIKE this week:
- Positive Sentiment: Major marketing partnership and campaign rollout with retail partner DICK’S Sporting Goods around March basketball showcase — broad athlete roster (Tatum, Ionescu, SGA, Diana Taurasi, etc.) could boost brand visibility and youth engagement heading into a key selling season. DICK’S Sporting Goods and NIKE, Inc. Enlist Dave “Lil Dicky” Burd and Diana Taurasi to Find the Next Generation of Hoopers with “The Scouts Are Out” Campaign
- Positive Sentiment: Buy-side support: Barclays issued a bullish call ahead of Nike’s upcoming earnings, which can lift sentiment and support near-term share strength into the print. Nike (NKE) Stock Receives Bullish Barclays Call Ahead of Crucial Earnings Date
- Positive Sentiment: Market action: recent sessions show Nike outperforming the broader market, reflecting short-term buying interest ahead of catalysts (earnings, seasonal demand). Nike (NKE) Beats Stock Market Upswing: What Investors Need to Know
- Neutral Sentiment: Analyst and valuation reassessment: some models trimmed fair value modestly (around $0.55 per share), signaling a cautious but not dramatic shift — watch China exposure, restructuring moves, and wholesale execution for direction. How The NIKE (NKE) Investment Story Is Shifting With Resets China Risks And Restructuring
- Neutral Sentiment: Upcoming earnings is a near-term catalyst investors are watching; several pieces ask whether to buy ahead of the March 31 print — this keeps volatility elevated but provides a clear event to reprice expectations. Should You Buy Nike Stock Before March 31?
- Negative Sentiment: Broader concerns: critical coverage highlights persistent headwinds — slowing sales, tougher competition, and a “reset” in Street expectations — which could pressure the stock if earnings or guidance disappoint. Wall Street just delivered a jaw-dropping reset on Nike stock
- Negative Sentiment: Comparative growth concerns: investors comparing dividend/return profiles (e.g., Starbucks) note Nike’s revenue growth has stalled and management expects near-term sales declines — a reminder that income-seeking investors may prefer alternatives until growth visibility improves. Starbucks vs. Nike: Which Dividend Stock Is a Better Buy?
NIKE Stock Up 0.6%
NIKE (NYSE:NKE – Get Free Report) 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. On average, equities research analysts anticipate that NIKE, Inc. will post 2.05 EPS for the current fiscal year.
NIKE Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Monday, March 2nd will be issued a dividend of $0.41 per share. The ex-dividend date is Monday, March 2nd. This represents a $1.64 dividend on an annualized basis and a dividend yield of 3.0%. NIKE’s dividend payout ratio (DPR) is presently 96.47%.
Insider Activity at NIKE
In other news, Director Timothy D. Cook bought 50,000 shares of the business’s stock in a transaction on Monday, December 22nd. The shares were purchased at an average price of $58.97 per share, for a total transaction of $2,948,500.00. Following the purchase, the director owned 105,480 shares of the company’s stock, valued at approximately $6,220,155.60. The trade was a 90.12% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Elliott Hill purchased 16,388 shares of NIKE stock in a transaction on Monday, December 29th. The shares were purchased at an average cost of $61.10 per share, with a total value of $1,001,306.80. Following the transaction, the chief executive officer owned 241,587 shares in the company, valued at approximately $14,760,965.70. The trade was a 7.28% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last quarter, insiders have bought 75,079 shares of company stock valued at $4,449,887. 0.80% of the stock is owned by insiders.
Analysts Set New Price Targets
A number of brokerages have issued reports on NKE. Bank of America reduced their price objective on shares of NIKE from $84.00 to $73.00 and set a “buy” rating on the stock in a research note on Friday, December 19th. Williams Trading cut their price target on NIKE from $100.00 to $80.00 and set a “buy” rating on the stock in a research note on Friday, December 19th. BTIG Research restated a “buy” rating and issued a $100.00 price target on shares of NIKE in a research report on Tuesday, January 27th. Wells Fargo & Company set a $65.00 price objective on NIKE and gave the stock an “overweight” rating in a research note on Friday, December 19th. Finally, BNP Paribas Exane dropped their price objective on NIKE from $38.00 to $35.00 and set an “underperform” rating for the company in a report on Friday, December 19th. Twenty-three investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, NIKE has a consensus rating of “Moderate Buy” and a consensus target price of $74.90.
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).
See Also
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