Nuance Investments LLC Has $9.06 Million Stock Holdings in NIKE, Inc. $NKE

Nuance Investments LLC boosted its position in NIKE, Inc. (NYSE:NKE) by 71.2% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 220,836 shares of the footwear maker’s stock after buying an additional 91,833 shares during the period. NIKE makes up approximately 1.5% of Nuance Investments LLC’s portfolio, making the stock its 20th biggest position. Nuance Investments LLC’s holdings in NIKE were worth $9,065,000 at the end of the most recent reporting period.

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

Analyst Upgrades and Downgrades

Several research firms have weighed in on NKE. Piper Sandler lowered their price objective on shares of NIKE from $50.00 to $45.00 and set a “neutral” rating on the stock in a report on Wednesday, July 1st. Wall Street Zen raised shares of NIKE from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. Evercore set a $46.00 target price on shares of NIKE and gave the stock an “in-line” rating in a report on Tuesday, June 23rd. Argus raised shares of NIKE to a “strong-buy” rating in a research report on Wednesday, July 15th. Finally, Oppenheimer dropped their price target on shares of NIKE from $120.00 to $60.00 and set an “outperform” rating on the stock in a research report on Friday, June 26th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, eighteen have given a Hold rating and five have given a Sell rating to the company’s stock. According to data from MarketBeat, NIKE presently has an average rating of “Hold” and an average target price of $53.53.

NIKE Price Performance

NKE opened at $39.11 on Tuesday. NIKE, Inc. has a 1 year low of $38.86 and a 1 year high of $80.17. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.96 and a quick ratio of 1.36. The company has a market capitalization of $58.02 billion, a price-to-earnings ratio of 18.71, a P/E/G ratio of 1.81 and a beta of 1.11. The firm’s fifty day moving average price is $42.82 and its two-hundred day moving average price is $48.45.

NIKE (NYSE:NKE) last announced its earnings results on Tuesday, June 30th. The footwear maker reported $0.20 EPS for the quarter, beating the consensus estimate of $0.11 by $0.09. NIKE had a net margin of 6.70% and a return on equity of 16.54%. The company had revenue of $10.97 billion during the quarter, compared to the consensus estimate of $10.85 billion. During the same quarter in the prior year, the company posted $0.14 earnings per share. The firm’s revenue for the quarter was down 1.1% on a year-over-year basis. As a group, analysts anticipate that NIKE, Inc. will post 1.74 earnings per share for the current fiscal year.

NIKE Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 1st will be paid a $0.41 dividend. The ex-dividend date is Tuesday, September 1st. This represents a $1.64 annualized dividend and a yield of 4.2%. NIKE’s dividend payout ratio (DPR) is 78.47%.

Trending Headlines about NIKE

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: NIKE is emphasizing athlete-led product innovation, new technologies and localized market strategies to reignite consumer demand. A stronger product pipeline could support a gradual recovery if new launches gain traction. Is NIKE Winning Back Consumers Through Product Innovation?
• Positive Sentiment: A rebound in wholesale business provides a potential offset to weaker digital and direct-to-consumer sales, although investors have so far focused more heavily on the latter weakness. China Weakness Overshadows Wholesale Rebound
• Neutral Sentiment: Reports raised questions about an alleged “cookie stuffing” scheme involving e-commerce startup Phia, which may have inserted tracking cookies without valid referrals. The allegations could affect the attribution of affiliate sales and prompt scrutiny of NIKE’s digital controls, but the financial impact remains unclear. What Does Nike Cookie Stuffing Exposure Mean For Investors?
• Negative Sentiment: Persistent weakness in direct-to-consumer sales and China, alongside pressure across international markets, has deepened doubts about the pace and effectiveness of NIKE’s turnaround. The stock has lost roughly 78% from its 2021 record high and reached its lowest level in more than a decade. Nike Shares Hit 11-Year Low as Turnaround Doubts Deepen
• Negative Sentiment: A weak revenue outlook from rival On Holding added pressure to the broader athletic-apparel sector, reinforcing concerns about consumer demand and competition. Why Is Nike Stock Falling?

Insider Activity

In other news, EVP Philip Mccartney sold 17,398 shares of the company’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $46.18, for a total value of $803,439.64. Following the completion of the transaction, the executive vice president directly owned 53,133 shares of the company’s stock, valued at $2,453,681.94. This represents a 24.67% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 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. Also, CFO Matthew Friend sold 2,463 shares of the stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $41.60, for a total value of $102,460.80. Following the sale, the chief financial officer directly owned 82,165 shares of the company’s stock, valued at $3,418,064. The trade was a 2.91% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 26,142 shares of company stock worth $1,169,380. Corporate insiders own 1.10% of the company’s stock.

NIKE Company 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).