NIKE, Inc. $NKE Stock: Gables Capital Management Inc. Increases Stake

Gables Capital Management Inc. increased its holdings in NIKE, Inc. (NYSE:NKE) by 3,145.5% in the third quarter, HoldingsChannel.com reports. The fund owned 17,850 shares of the footwear maker’s stock after acquiring an additional 17,300 shares during the period. Gables Capital Management Inc.’s holdings in NIKE were worth $632,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. State Street Corp raised its holdings in NIKE by 6.8% in the 2nd quarter. State Street Corp now owns 63,598,789 shares of the footwear maker’s stock worth $2,636,104,000 after purchasing an additional 4,052,428 shares in the last quarter. Flossbach Von Storch SE bought a new stake in shares of NIKE during the 2nd quarter valued at about $488,714,000. Amundi boosted its stake in shares of NIKE by 59.4% during the 2nd quarter. Amundi now owns 6,460,398 shares of the footwear maker’s stock valued at $265,199,000 after purchasing an additional 2,406,609 shares in the last quarter. Van ECK Associates Corp boosted its stake in shares of NIKE by 4.8% during the 2nd quarter. Van ECK Associates Corp now owns 6,257,863 shares of the footwear maker’s stock valued at $256,885,000 after purchasing an additional 286,395 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its position in shares of NIKE by 92.3% during the third quarter. Assenagon Asset Management S.A. now owns 4,789,274 shares of the footwear maker’s stock valued at $169,540,000 after buying an additional 2,298,400 shares during the period. Institutional investors own 64.25% of the company’s stock.

NIKE Stock Performance

Shares of NKE stock opened at $38.65 on Wednesday. NIKE, Inc. has a 12 month low of $31.97 and a 12 month high of $69.14. The stock has a market cap of $57.41 billion, a PE ratio of 25.56, a price-to-earnings-growth ratio of 4.66 and a beta of 1.01. The company has a current ratio of 2.07, a quick ratio of 1.39 and a debt-to-equity ratio of 0.39. The company’s fifty day moving average price is $36.90 and its 200-day moving average price is $45.37.

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

Analyst Ratings Changes

A number of equities analysts recently issued reports on the stock. Needham & Company LLC reissued a “hold” rating on shares of NIKE in a research note on Friday, October 2nd. Oppenheimer set a $52.00 price objective on shares of NIKE and gave the stock an “outperform” rating in a report on Wednesday, September 23rd. BTIG Research reaffirmed a “buy” rating and set a $50.00 price objective on shares of NIKE in a research report on Thursday, October 22nd. Sanford C. Bernstein reiterated an “outperform” rating and set a $45.00 target price on shares of NIKE in a report on Friday, October 2nd. Finally, Argus upgraded NIKE to a “strong-buy” rating in a report on Wednesday, July 15th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, twenty-one have given a Hold rating and twelve have issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce” and an average target price of $40.83.

Key NIKE News

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: NIKE’s global “Pace” restructuring is intended to simplify operations, improve decision-making and supply-chain flexibility, and deliver a targeted $2.5 billion in savings. The benefits depend on successful execution, and restructuring costs could temper the gains. NIKE Reshapes Its Global Operations: Will Agility Improve?
• Positive Sentiment: NIKE has raised its dividend for 24 consecutive years, and its reported yield is about 4.2%, which may appeal to income-oriented investors. The yield alone does not resolve concerns about the company’s growth outlook. Here’s How Many Shares of Nike You Would Need for $1,000 in Yearly Dividends
• Neutral Sentiment: A valuation article highlights the debate over whether NIKE’s long-term cash flows support its current valuation after a steep multiyear share-price decline. It does not establish a clear near-term catalyst. Nike (NKE) Stock Trades Near Fair Value On Cash Flow
• Neutral Sentiment: NIKE appointed Dan McKenzie as vice president and chief accounting officer, a finance leadership update with no stated change to its outlook. Nike Appoints Dan McKenzie as Chief Accounting Officer
• Negative Sentiment: Bank of America cut its earnings forecasts and pushed its expected sales inflection back to the third quarter of fiscal 2028, signaling a longer recovery and continued difficulty rebuilding growth. That delay is a key near-term overhang for the stock. Nike sales recovery pushed back as Bank of America cuts earnings forecast

Insider Activity

In related news, COO Venkatesh Alagirisamy sold 3,671 shares of the business’s stock in a transaction dated Wednesday, September 9th. The shares were sold at an average price of $37.59, for a total transaction of $137,992.89. Following the sale, the chief operating officer 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 SEC, which is available at this link. 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 dated Wednesday, September 9th. The stock was 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 owned 78,121 shares in the company, valued at approximately $2,936,568.39. This trade represents a 3.17% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 1.10% of the company’s stock.

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.