Quintet Private Bank Europe S.A. Purchases 46,755 Shares of NIKE, Inc. $NKE

Quintet Private Bank Europe S.A. boosted its holdings in NIKE, Inc. (NYSE:NKE) by 95.8% in the 3rd quarter, Holdings Channel reports. The firm owned 95,536 shares of the footwear maker’s stock after purchasing an additional 46,755 shares during the period. Quintet Private Bank Europe S.A.’s holdings in NIKE were worth $3,382,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. J. Stern & Co. LLP increased its stake 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 acquiring an additional 47,956,692 shares during the period. Flossbach Von Storch SE purchased a new stake in shares of NIKE in the 2nd quarter worth about $488,714,000. State Street Corp lifted 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 acquired a new stake in NIKE during the 4th quarter valued at $186,079,000. Finally, Confluence Investment Management LLC increased its position in NIKE by 873.8% during 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 in the last quarter. 64.25% of the stock is owned by institutional investors and hedge funds.

More NIKE News

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: NIKE’s performance business—products designed for sports and athletic activity—continues to grow, providing a potential foundation for recovery even as lifestyle categories and major sneaker franchises struggle. Why You Need To Pay Attention To Nike Stock
• Positive Sentiment: Management is emphasizing higher-quality products, tighter inventory and supply-chain improvements. The resulting higher dividend yield—recently reported near a record 4.8%—could attract income-oriented investors if cash flow remains sufficient to support the payout. Nike’s Dividend Yield Surges to a Record 4.8%
• Positive Sentiment: Reports that NIKE may return to Formula 1 sponsorships in 2027 offer a potential marketing and growth opportunity, although the plan remains speculative and would likely take time to affect results. Nike Eyes Bringing the Swoosh Back to Formula 1

Insider Activity

In related news, EVP Philip McCartney sold 2,559 shares of NIKE 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 sale, the executive vice president directly owned 78,121 shares of the company’s stock, valued at $2,936,568.39. This trade represents a 3.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Matthew Friend sold 2,463 shares of the business’s stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $41.60, for a total transaction of $102,460.80. Following the completion of the sale, the chief financial officer directly owned 82,165 shares in the company, valued at $3,418,064. This trade represents a 2.91% decrease in their position. 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 a total of 14,974 shares of company stock valued at $600,126 in the last quarter. 1.10% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on NKE. Bank of America reissued an “underperform” rating and set a $24.00 price target (down from $30.00) on shares of NIKE in a research note on Friday, October 2nd. BTIG Research decreased their price objective on shares of NIKE from $55.00 to $50.00 and set a “buy” rating for the company in a research report on Friday, October 2nd. JPMorgan Chase & Co. decreased 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. Evercore lowered their price objective on NIKE from $46.00 to $28.00 in a research note on Monday, September 28th. Finally, Morgan Stanley set a $27.00 price objective on shares of NIKE and gave the company an “underweight” rating in a research note on Friday, October 2nd. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, twenty-one have given a Hold rating and ten have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce” and an average price target of $41.19.

NIKE Stock Up 0.0%

NYSE:NKE traded up $0.01 during trading hours on Thursday, hitting $34.37. 14,984,431 shares of the company’s stock traded hands, compared to its average volume of 24,520,086. NIKE, Inc. has a twelve month low of $31.97 and a twelve month high of $70.44. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.39 and a current ratio of 2.07. The firm has a market cap of $50.98 billion, a P/E ratio of 16.52, a P/E/G ratio of 3.04 and a beta of 1.09. The stock’s fifty day moving average price is $38.37 and its two-hundred day moving average price is $42.38.

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

NIKE Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Stockholders of record on Tuesday, September 1st were issued 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 4.8%. NIKE’s dividend payout ratio is currently 78.85%.

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.