Sanders Morris Harris LLC Purchases 81,030 Shares of NIKE, Inc. $NKE

Sanders Morris Harris LLC acquired a new stake in NIKE, Inc. (NYSE:NKE – Free Report) in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 81,030 shares of the footwear maker’s stock, valued at approximately $2,869,000.

Other large investors have also made changes to their positions in the company. 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 worth $3,061,555,000 after buying an additional 47,956,692 shares during the period. State Street Corp grew its stake in 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 acquiring an additional 4,052,428 shares during the period. Janus Henderson Group PLC increased its holdings in shares of NIKE by 12.5% in the fourth quarter. Janus Henderson Group PLC now owns 7,887,609 shares of the footwear maker’s stock worth $502,537,000 after acquiring an additional 874,662 shares in the last quarter. Flossbach Von Storch SE bought a new stake in shares of NIKE in the second quarter worth about $488,714,000. Finally, Amundi increased its holdings in shares of NIKE by 59.4% in the second quarter. Amundi now owns 6,460,398 shares of the footwear maker’s stock worth $265,199,000 after acquiring an additional 2,406,609 shares in the last quarter. Institutional investors own 64.25% of the company’s stock.

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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?

Insider Buying and Selling

In related news, COO Venkatesh Alagirisamy sold 3,671 shares of the business’s stock in a transaction on Wednesday, September 9th. The shares were sold at an average price of $37.59, for a total transaction of $137,992.89. Following the transaction, the chief operating officer directly owned 104,862 shares in the company, valued at approximately $3,941,762.58. The trade was a 3.38% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 on Wednesday, September 9th. The stock was sold at an average price of $37.59, for a total transaction of $96,192.81. Following the transaction, the executive vice president owned 78,121 shares in the company, valued at approximately $2,936,568.39. The trade was a 3.17% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 14,974 shares of company stock worth $600,126. 1.10% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on NKE shares. UBS Group reiterated a “neutral” rating and set a $34.00 price objective (down from $42.00) on shares of NIKE in a report on Friday, October 2nd. Stifel Nicolaus decreased their price objective on NIKE from $40.00 to $36.00 and set a “hold” rating for the company in a research report on Friday, October 2nd. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $33.00 target price on shares of NIKE in a research note on Friday, October 9th. 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 report on Friday, October 2nd. Finally, Truist Financial set a $29.00 target price on shares of NIKE and gave the stock a “hold” rating in a report on Friday, October 2nd. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, twenty-one have issued a Hold rating and ten have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus target price of $41.07.

Get Our Latest Stock Analysis on NIKE

NIKE Stock Down 0.1%

NIKE stock traded down $0.04 during mid-day trading on Wednesday, reaching $35.30. The company’s stock had a trading volume of 19,369,618 shares, compared to its average volume of 24,687,451. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.39 and a current ratio of 2.07. NIKE, Inc. has a 12 month low of $31.97 and a 12 month high of $70.44. The business’s 50 day simple moving average is $37.81 and its 200 day simple moving average is $41.87. The company has a market capitalization of $52.42 billion, a price-to-earnings ratio of 16.97, a price-to-earnings-growth ratio of 3.11 and a beta of 1.09.

NIKE (NYSE:NKE – Get Free Report) last issued 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. The firm had revenue of $11.21 billion during the quarter, compared to analysts’ expectations of $11.32 billion. NIKE had a return on equity of 15.94% and a net margin of 6.74%. The business’s quarterly revenue was down 4.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.49 earnings per share. NIKE has set its FY 2027 guidance at 1.150-1.350 EPS. As a group, research analysts anticipate that NIKE, Inc. will post 1.26 earnings per share for the current year.

NIKE Announces Dividend

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

NIKE Profile

(Free Report)

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.

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