NIKE, Inc. $NKE Shares Newly Purchased by Sanders Morris Harris LLC

Sanders Morris Harris LLC purchased a new position in shares of NIKE, Inc. (NYSE:NKE) during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 81,030 shares of the footwear maker’s stock, valued at approximately $2,869,000.

Other hedge funds have also recently added to or reduced their stakes in the company. J. Stern & Co. LLP lifted its position 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 worth $3,061,555,000 after purchasing an additional 47,956,692 shares in the last quarter. Flossbach Von Storch SE acquired a new stake in shares of NIKE in the second quarter valued at approximately $488,714,000. State Street Corp increased its holdings in shares of NIKE by 6.8% in the second quarter. State Street Corp now owns 63,598,789 shares of the footwear maker’s stock valued at $2,636,104,000 after purchasing an additional 4,052,428 shares in the last quarter. Employees Provident Fund Board bought a new position in NIKE in the 4th quarter worth approximately $186,079,000. Finally, Confluence Investment Management LLC raised its position in NIKE by 873.8% in the 3rd quarter. Confluence Investment Management LLC now owns 2,720,616 shares of the footwear maker’s stock worth $96,310,000 after purchasing an additional 2,441,233 shares during the last quarter. Institutional investors own 64.25% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on NKE shares. BTIG Research reduced their price objective on NIKE from $55.00 to $50.00 and set a “buy” rating on the stock in a report on Friday, October 2nd. Royal Bank Of Canada lowered their target price on NIKE from $45.00 to $40.00 and set a “sector perform” rating for the company in a research note on Tuesday, September 29th. JPMorgan Chase & Co. dropped their target price on NIKE from $40.00 to $33.00 and set an “underweight” rating for the company in a research report on Friday, October 2nd. The Goldman Sachs Group restated a “neutral” rating and set a $30.00 target price (down from $38.00) on shares of NIKE in a research report on Friday, October 2nd. Finally, Wells Fargo & Company set a $30.00 price target on NIKE and gave the company an “equal weight” rating in a research note on Friday, October 2nd. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, twenty-one have assigned a Hold rating and ten have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus price target of $41.07.

Key NIKE News

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: NIKE’s sharp decline—more than 40% since the beginning of the year and roughly 80% below its high—has prompted some investors to reassess the stock as a potential value opportunity. A comparison with Carter’s examines whether NKE’s valuation now offers an attractive entry point, although the article does not establish a clear bullish catalyst. CRI vs. NKE: Which Stock Is the Better Value Option?
• Neutral Sentiment: Management is taking steps to improve NIKE’s customer value proposition as part of a broader strategic reset. However, the turnaround remains in progress, and investors may need to wait for evidence that these initiatives are translating into stronger revenue and profit growth. What’s Going on With Nike Stock?
• Negative Sentiment: NIKE’s latest fiscal-quarter sales declined about 4% year over year, while Greater China revenue dropped 22%. The weaker top line makes profit growth more difficult and reinforces concerns about the company’s near-term earnings outlook. Nike Is Down 80% From Its High. Here’s the Only Number That Matters.
• Negative Sentiment: Disappointing guidance has added to bearish sentiment, with commentary suggesting conditions could worsen before the turnaround improves. Bank of America’s downgrade to Underperform, issued after the weak fiscal first-quarter results, further signals that analysts see downside risk despite the stock’s already-large decline. BofA Turns Bearish on Nike: What’s Behind the Downgrade?

NIKE Trading Down 0.1%

NYSE NKE traded down $0.04 during trading hours on Wednesday, hitting $35.30. The company’s stock had a trading volume of 19,369,618 shares, compared to its average volume of 24,687,451. NIKE, Inc. has a twelve month low of $31.97 and a twelve month high of $70.44. The firm has a market capitalization of $52.42 billion, a P/E ratio of 16.97, a PEG ratio of 3.11 and a beta of 1.09. The company has a quick ratio of 1.39, a current ratio of 2.07 and a debt-to-equity ratio of 0.39. The stock has a fifty day moving average of $37.81 and a 200 day moving average of $41.87.

NIKE (NYSE:NKE) last released its earnings results on Thursday, October 1st. The footwear maker reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.05. The firm had revenue of $11.21 billion during the quarter, compared to analyst estimates of $11.32 billion. NIKE had a net margin of 6.74% and a return on equity of 15.94%. The business’s quarterly revenue was down 4.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.49 EPS. NIKE has set its FY 2027 guidance at 1.150-1.350 EPS. Equities research analysts forecast that NIKE, Inc. will post 1.26 earnings per share for the current fiscal year.

NIKE Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Investors of record on Tuesday, September 1st were paid a dividend of $0.41 per share. The ex-dividend date of this dividend was Tuesday, September 1st. This represents a $1.64 dividend on an annualized basis and a dividend yield of 4.6%. NIKE’s payout ratio is 78.85%.

Insider Buying and Selling

In other NIKE news, CFO Matthew Friend sold 2,463 shares of the firm’s stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $41.60, for a total transaction of $102,460.80. Following the transaction, the chief financial officer owned 82,165 shares in the company, valued at approximately $3,418,064. This trade represents a 2.91% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 business’s stock in a transaction dated Wednesday, September 9th. The stock was sold at an average price of $37.59, for a total value of $96,192.81. Following the transaction, the executive vice president owned 78,121 shares of the company’s stock, 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. Insiders sold 14,974 shares of company stock valued at $600,126 in the last three months. 1.10% of the stock is currently owned by company insiders.

NIKE 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.