NIKE, Inc. $NKE Shares Bought by International Assets Investment Management LLC

International Assets Investment Management LLC lifted its stake in shares of NIKE, Inc. (NYSE:NKE) by 98.1% in the third quarter, according to the company in its most recent filing with the SEC. The fund owned 62,645 shares of the footwear maker’s stock after buying an additional 31,022 shares during the quarter. International Assets Investment Management LLC’s holdings in NIKE were worth $2,202,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the stock. State Street Corp grew its stake in NIKE by 6.8% in the 2nd quarter. State Street Corp now owns 63,598,789 shares of the footwear maker’s stock valued at $2,636,104,000 after buying an additional 4,052,428 shares during the last quarter. Flossbach Von Storch SE bought a new position in shares of NIKE during the second quarter worth approximately $488,714,000. Amundi lifted its holdings in NIKE by 59.4% during the 2nd quarter. Amundi now owns 6,460,398 shares of the footwear maker’s stock worth $265,199,000 after purchasing an additional 2,406,609 shares during the last quarter. Van ECK Associates Corp lifted its holdings in NIKE by 4.8% during the 2nd quarter. Van ECK Associates Corp now owns 6,257,863 shares of the footwear maker’s stock worth $256,885,000 after purchasing an additional 286,395 shares during the last quarter. Finally, Swiss National Bank boosted its stake in NIKE by 7.3% in the 1st quarter. Swiss National Bank now owns 3,496,700 shares of the footwear maker’s stock valued at $184,696,000 after purchasing an additional 237,600 shares during the period. Institutional investors and hedge funds own 64.25% of the company’s stock.

Insider Transactions at NIKE

In related news, COO Venkatesh Alagirisamy sold 3,671 shares of NIKE stock in a transaction that occurred on Wednesday, September 9th. The stock was sold at an average price of $37.59, for a total value of $137,992.89. Following the transaction, the chief operating officer directly owned 104,862 shares of the company’s stock, valued at $3,941,762.58. The trade was a 3.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Philip McCartney sold 2,559 shares of the company’s stock in a transaction that occurred on Wednesday, September 9th. The shares were sold at an average price of $37.59, for a total value of $96,192.81. Following the completion of the sale, the executive vice president owned 78,121 shares in the company, valued at $2,936,568.39. The trade was a 3.17% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.10% of the stock is owned by company insiders.

NIKE Trading Up 0.1%

Shares of NIKE stock opened at $38.61 on Monday. The firm’s 50 day moving average is $36.91 and its 200 day moving average is $45.63. The firm has a market capitalization of $57.35 billion, a PE ratio of 18.56, a price-to-earnings-growth ratio of 4.51 and a beta of 1.01. NIKE, Inc. has a 1 year low of $31.97 and a 1 year high of $69.14. The company has a current ratio of 2.07, a quick ratio of 1.39 and a debt-to-equity ratio of 0.39.

NIKE (NYSE:NKE) last released its quarterly earnings data on Thursday, October 1st. The footwear maker reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.05. The company had revenue of $11.21 billion during the quarter, compared to the consensus estimate of $11.32 billion. NIKE had a return on equity of 15.94% and a net margin of 6.74%. The firm’s revenue was down 4.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.49 earnings per share. NIKE has set its FY 2027 guidance at 1.150-1.350 EPS. Equities research analysts forecast that NIKE, Inc. will post 1.22 earnings per share for the current fiscal year.

NIKE News Summary

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: NIKE shares gained 13.9% over the past month, with performance categories and North America showing traction. However, persistent China weakness and earnings pressure make the durability of the rebound uncertain. Read article
• Neutral Sentiment: RBC expects NIKE’s five-year financial targets to be broadly in line with consensus, suggesting its Capital Markets Day may clarify strategy without providing a major near-term catalyst for the stock. Read article
• Negative Sentiment: Analyst caution is weighing on sentiment: Truist downgraded NIKE to “sell” with a $29 target, while UBS maintained “neutral” and a $34 target, warning the recovery may lag valuation expectations. RBC also cut its target to $39 and kept a sector-perform rating. Read article
• Negative Sentiment: Reports point to shrinking Jordan and Dunk sales, with the CEO acknowledging a prior blind spot. A pullback in Jordan sneakers could also create an opening for competitors. Read article
• Negative Sentiment: NIKE’s fiscal 2027 outlook highlights potential sales and earnings pressure; planned $2.5 billion in cost savings could help longer term but may not offset near-term revenue risks. China remains a key concern, with sales there down 25% year over year in the latest reported quarter. Read article

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Morgan Stanley set a $27.00 price objective on NIKE and gave the company an “underweight” rating in a report on Friday, October 2nd. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $33.00 target price on shares of NIKE in a report on Friday, October 9th. Berenberg Bank set a $27.50 target price on shares of NIKE and gave the company a “sell” rating in a research report on Tuesday, October 6th. Guggenheim reissued a “buy” rating and issued a $50.00 target price on shares of NIKE in a research report on Thursday, October 22nd. Finally, Barclays restated an “overweight” rating and issued a $45.00 price target (up from $37.00) on shares of NIKE in a research note on Thursday, October 22nd. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, twenty have given a Hold rating and twelve have assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Reduce” and an average price target of $40.91.

NIKE Company Profile

NIKE, Inc designs, develops, markets and sells athletic footwear, apparel, equipment and accessories for sports and fitness, as well as lifestyle products. Its portfolio includes the Nike and Jordan brands, and it owns Converse, which sells casual footwear, apparel and accessories.

The company sells products worldwide through wholesale partners and its own retail stores and digital platforms. Its offerings serve customers across a range of sports and activities, including running, basketball, soccer and training.

NIKE traces its roots to Blue Ribbon Sports, founded in 1964 by Phil Knight and Bill Bowerman.