Fideuram Intesa Sanpaolo Private Banking S.P.A. Has $6.02 Million Holdings in NIKE, Inc. $NKE

Fideuram Intesa Sanpaolo Private Banking S.P.A. lifted its position in NIKE, Inc. (NYSE:NKE) by 2,484.4% in the 1st quarter, Holdings Channel reports. The fund owned 114,022 shares of the footwear maker’s stock after buying an additional 109,610 shares during the period. Fideuram Intesa Sanpaolo Private Banking S.P.A.’s holdings in NIKE were worth $6,023,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in NKE. J. Stern & Co. LLP raised its stake in NIKE by 49,010.4% during the 4th quarter. J. Stern & Co. LLP now owns 48,054,542 shares of the footwear maker’s stock valued at $3,061,555,000 after purchasing an additional 47,956,692 shares during the period. Norges Bank acquired a new stake in shares of NIKE in the fourth quarter worth $829,956,000. Harris Associates L P acquired a new stake in shares of NIKE in the second quarter worth $621,525,000. Capital World Investors grew its holdings in shares of NIKE by 16.2% during the fourth quarter. Capital World Investors now owns 49,069,951 shares of the footwear maker’s stock valued at $3,126,246,000 after buying an additional 6,830,938 shares in the last quarter. Finally, Jasper Ridge Partners L.P. grew its holdings in shares of NIKE by 2,492.4% during the fourth quarter. Jasper Ridge Partners L.P. now owns 4,883,229 shares of the footwear maker’s stock valued at $311,111,000 after buying an additional 4,694,859 shares in the last quarter. Institutional investors and hedge funds own 64.25% of the company’s stock.

Insiders Place Their Bets

In other NIKE news, CEO Elliott Hill acquired 23,660 shares of the business’s stock in a transaction that occurred on Monday, April 13th. The stock was acquired at an average price of $42.27 per share, with a total value of $1,000,108.20. Following the transaction, the chief executive officer owned 265,247 shares of the company’s stock, valued at approximately $11,211,990.69. This trade represents a 9.79% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Philip Mccartney sold 17,398 shares of the stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $46.18, for a total value of $803,439.64. Following the sale, the executive vice president owned 53,133 shares of the company’s stock, valued at approximately $2,453,681.94. The trade was a 24.67% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders purchased a total of 64,441 shares of company stock valued at $2,734,204 in the last ninety days. Company insiders own 0.80% of the company’s stock.

NIKE News Summary

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: NIKE beat fiscal Q4 expectations, with stronger-than-expected revenue and earnings, and management said North America and wholesale growth are helping offset some weakness. Stock Market Today, July 1: Nike Jumps After Quarterly Results Beat Analyst Estimates
• Positive Sentiment: Analysts and commentary noted early turnaround progress, with stronger operating metrics and signs that the business may be stabilizing after a difficult stretch. NIKE’s Q4 Breakdown: Operating Metrics, Outlook & Prospects
• Neutral Sentiment: Some investors are viewing the pullback as a possible rebound opportunity because NIKE is trading near 52-week lows, but valuation debates remain unsettled. Is it Too Soon to Buy Nike or General Mills Stock for a Rebound?
• Neutral Sentiment: NIKE is also expecting a nearly $1 billion tariff refund, which may support results, though management warned that tariffs remain a cost headwind. Nike Sales Dip as It Awaits $986 Million Tariff Refund
• Negative Sentiment: China weakness, margin pressure, and soft digital sales continue to weigh on the turnaround story, and several outlets said the cautious outlook overshadowed the earnings beat. Nike flags prolonged turnaround as China slump, weak outlook eclipse quarterly beat
• Negative Sentiment: Wall Street mostly responded with price-target cuts and mixed ratings, signaling that analysts still see a choppy recovery ahead rather than a quick rebound. Nike, Shutterstock And Other Big Stocks Moving Lower In Wednesday’s Pre-Market Session

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on NKE. Needham & Company LLC reissued a “hold” rating on shares of NIKE in a research note on Thursday, June 4th. Telsey Advisory Group set a $47.00 target price on NIKE and gave the company a “market perform” rating in a research note on Wednesday. Wells Fargo & Company dropped their target price on NIKE from $45.00 to $40.00 and set an “equal weight” rating on the stock in a report on Wednesday. China Renaissance reduced their price target on shares of NIKE from $74.60 to $50.30 and set a “hold” rating for the company in a research report on Thursday, April 2nd. Finally, Wall Street Zen upgraded shares of NIKE from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. Fourteen research analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $56.04.

NIKE Price Performance

Shares of NIKE stock opened at $44.12 on Friday. The company has a current ratio of 1.96, a quick ratio of 1.45 and a debt-to-equity ratio of 0.40. The firm has a fifty day simple moving average of $43.89 and a 200-day simple moving average of $53.22. The stock has a market capitalization of $65.34 billion, a price-to-earnings ratio of 21.11, a PEG ratio of 1.90 and a beta of 1.12. NIKE, Inc. has a 1-year low of $40.00 and a 1-year high of $80.17.

NIKE (NYSE:NKE) last released its earnings results on Tuesday, June 30th. The footwear maker reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.09. The firm had revenue of $10.97 billion during the quarter, compared to analyst estimates of $10.85 billion. NIKE had a net margin of 6.70% and a return on equity of 16.54%. The business’s revenue was down 1.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.14 EPS. On average, sell-side analysts expect that NIKE, Inc. will post 1.82 earnings per share for the current year.

NIKE Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 1st. Stockholders of record on Monday, June 1st were paid a $0.41 dividend. The ex-dividend date was Monday, June 1st. This represents a $1.64 dividend on an annualized basis and a dividend yield of 3.7%. NIKE’s payout ratio is presently 108.61%.

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).