Confluence Investment Management LLC Purchases 2,441,233 Shares of NIKE, Inc. $NKE

Confluence Investment Management LLC increased its position in shares of NIKE, Inc. (NYSE:NKE) by 873.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,720,616 shares of the footwear maker’s stock after purchasing an additional 2,441,233 shares during the period. NIKE accounts for approximately 1.5% of Confluence Investment Management LLC’s portfolio, making the stock its 21st largest position. Confluence Investment Management LLC’s holdings in NIKE were worth $96,310,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of NKE. TCM Advisors LLC lifted its holdings in NIKE by 1.8% during the 4th quarter. TCM Advisors LLC now owns 11,218 shares of the footwear maker’s stock worth $715,000 after buying an additional 200 shares during the last quarter. FAS Wealth Partners Inc. raised its position in shares of NIKE by 4.2% during the 1st quarter. FAS Wealth Partners Inc. now owns 6,109 shares of the footwear maker’s stock worth $323,000 after acquiring an additional 249 shares in the last quarter. Elevation Wealth Partners LLC raised its position in shares of NIKE by 34.6% during the 2nd quarter. Elevation Wealth Partners LLC now owns 989 shares of the footwear maker’s stock worth $41,000 after acquiring an additional 254 shares in the last quarter. Midwest Professional Planners LTD. lifted its stake in NIKE by 1.5% during the first quarter. Midwest Professional Planners LTD. now owns 17,904 shares of the footwear maker’s stock worth $946,000 after purchasing an additional 266 shares during the last quarter. Finally, Advance Capital Management Inc. increased its stake in NIKE by 7.1% in the first quarter. Advance Capital Management Inc. now owns 4,203 shares of the footwear maker’s stock valued at $222,000 after purchasing an additional 279 shares during the last quarter. 64.25% of the stock is currently owned by institutional investors and hedge funds.

NIKE Stock Performance

Shares of NKE traded up $0.62 during mid-day trading on Thursday, hitting $36.02. 22,178,592 shares of the company’s stock were exchanged, compared to its average volume of 23,009,238. The company has a current ratio of 1.96, a quick ratio of 1.36 and a debt-to-equity ratio of 0.40. NIKE, Inc. has a fifty-two week low of $35.15 and a fifty-two week high of $76.97. The business’s 50 day moving average is $39.16 and its two-hundred day moving average is $43.07. The firm has a market capitalization of $53.43 billion, a P/E ratio of 17.22, a P/E/G ratio of 2.02 and a beta of 1.10.

NIKE (NYSE:NKE) last posted its quarterly earnings data 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 return on equity of 16.54% and a net margin of 6.70%.The firm had revenue of $10.97 billion during the quarter, compared to the consensus estimate of $10.85 billion. During the same period in the prior year, the business earned $0.14 EPS. The firm’s revenue was down 1.1% compared to the same quarter last year. On average, equities analysts expect that NIKE, Inc. will post 1.64 earnings per share for the current year.

NIKE Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Tuesday, September 1st will be issued a dividend of $0.41 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $1.64 annualized dividend and a dividend yield of 4.6%. NIKE’s dividend payout ratio (DPR) is currently 78.47%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on NKE. BMO Capital Markets initiated coverage on shares of NIKE in a report on Tuesday, September 8th. They issued an “underperform” rating and a $30.00 target price for the company. Jefferies Financial Group reissued a “buy” rating on shares of NIKE in a research report on Monday. Barclays reaffirmed an “overweight” rating and set a $48.00 price objective (down from $52.00) on shares of NIKE in a report on Wednesday, September 23rd. Rothschild & Co Redburn cut their target price on NIKE from $45.00 to $37.00 and set a “sell” rating on the stock in a research report on Friday, July 17th. Finally, Citigroup cut NIKE from a “neutral” rating to a “negative” rating in a research report on Monday, September 14th. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, twenty-one have given a Hold rating and seven have issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $46.62.

Insider Activity

In related news, EVP Philip McCartney sold 2,559 shares of NIKE stock in a transaction 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 transaction, the executive vice president directly owned 78,121 shares in the company, valued at $2,936,568.39. This trade represents a 3.17% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Amy Montagne sold 4,867 shares of the business’s stock in a transaction on Friday, August 7th. The shares were sold at an average price of $42.05, for a total transaction of $204,657.35. Following the completion of the transaction, the insider directly owned 57,436 shares in the company, valued at $2,415,183.80. This represents a 7.81% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 14,974 shares of company stock valued at $600,126. Corporate insiders own 1.10% of the company’s stock.

NIKE News Summary

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: Record short interest—estimated at about 87 million shares—could amplify any rally if Nike reports results or guidance above expectations and forces bearish investors to cover positions. NKE short-interest article
• Positive Sentiment: Investors are watching new products, including WNBA star Caitlin Clark’s Caitlin 1 signature shoe, as potential evidence that Nike can rebuild product momentum and reconnect with consumers. Some retail investors remain constructive and view the selloff as an opportunity to reinvest. Caitlin 1 catalyst article
• Neutral Sentiment: Options markets imply a sizable post-earnings move, reflecting unusually high uncertainty rather than a clear directional outlook. Consensus expectations reportedly call for approximately $0.44 in EPS and $11.34 billion in revenue, with investors focused on China sales, margins, inventories, and management’s recovery timeline. Nike earnings expectations article
• Negative Sentiment: Bank of America cautioned that weak sales, margin pressure, and a delayed turnaround could push NKE lower. Analysts have also reduced price targets and expect conservative guidance, suggesting that even an earnings beat may not be enough without stronger signs of recovery. Bank of America Nike outlook
• Negative Sentiment: Previews generally expect year-over-year declines in quarterly earnings and revenue, reinforcing concerns that Nike’s turnaround is progressing too slowly and that the company may struggle to regain market share. Traders are therefore positioned for the stock to potentially test new multiyear lows after the report. Nike earnings preview

NIKE Company Profile

NIKE, Inc is a global sportswear company that designs, develops, markets and sells athletic footwear, apparel, equipment, accessories and related services. Its products are marketed under the NIKE, Jordan and Converse brands and are used across a broad range of sports and lifestyle activities, including running, basketball, football, training and outdoor pursuits.

The company distributes its products through a combination of wholesale partners, NIKE-owned retail stores and digital platforms.