Kestra Advisory Services LLC Purchases 66,106 Shares of NIKE, Inc. $NKE

Posted by Brenda Bartman on Nov 12th, 2026

Kestra Advisory Services LLC raised its position in shares of NIKE, Inc. (NYSE:NKE – Free Report) by 63.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 170,729 shares of the footwear maker’s stock after acquiring an additional 66,106 shares during the quarter. Kestra Advisory Services LLC’s holdings in NIKE were worth $6,044,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Flossbach Von Storch SE bought a new position in shares of NIKE in the 2nd quarter worth about $488,714,000. State Street Corp boosted its position in shares of NIKE by 6.8% during the 2nd 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. Confluence Investment Management LLC grew its stake in NIKE by 873.8% during the third 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 period. Equity Investment Corp acquired a new stake in NIKE during the second quarter worth approximately $99,531,000. Finally, Amundi grew its stake in NIKE by 59.4% during the second quarter. Amundi now owns 6,460,398 shares of the footwear maker’s stock worth $265,199,000 after purchasing an additional 2,406,609 shares during the period. 64.25% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at NIKE

In other news, EVP Philip McCartney sold 2,559 shares of the business’s stock in a transaction that occurred on 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 in the company, valued at $2,936,568.39. The trade was a 3.17% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Venkatesh Alagirisamy sold 3,671 shares of the company’s stock in a transaction on Wednesday, September 9th. The shares were sold at an average price of $37.59, for a total value of $137,992.89. Following the completion of the transaction, the chief operating officer owned 104,862 shares of the company’s stock, valued at $3,941,762.58. This trade represents a 3.38% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.10% of the stock is owned by company insiders.

NIKE News Roundup

Here’s some of the latest news about NKE:

Positive Sentiment: A separate valuation analysis says Nike’s continuing cash generation may support its share value, though investors remain focused on whether expected future cash flows justify the valuation. Article: Nike Stock Trades Near Fair Value On Cash Flow
Neutral Sentiment: Cantor Fitzgerald initiated coverage with a “neutral” rating and a $38 price target, indicating a view close to the share price cited in the report rather than a strong near-term catalyst. Cantor Fitzgerald stock recommendations
Negative Sentiment: Bank of America cut its earnings forecasts and pushed its expected sales inflection to the third quarter of fiscal 2028, signaling a longer recovery and weaker earnings outlook than previously expected. Article: Nike sales recovery pushed back

Analysts Set New Price Targets

NKE has been the subject of a number of research analyst reports. Robert W. Baird lowered their target price on NIKE from $44.00 to $36.00 and set a “neutral” rating for the company in a report on Friday, October 2nd. UBS Group restated a “neutral” rating on shares of NIKE in a report on Thursday, October 22nd. Piper Sandler set a $28.00 price objective on shares of NIKE and gave the stock a “neutral” rating in a research report on Friday, October 2nd. Weiss Ratings downgraded shares of NIKE from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, October 6th. Finally, Jefferies Financial Group set a $60.00 target price on shares of NIKE in a research report on Friday, October 2nd. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, twenty-one have issued a Hold rating and twelve have issued a Sell rating to the company’s stock. According to data from MarketBeat, NIKE has a consensus rating of “Reduce” and an average target price of $40.83.

Read Our Latest Stock Analysis on NIKE

NIKE Stock Performance

NYSE NKE opened at $38.30 on Thursday. The company has a market cap of $56.88 billion, a P/E ratio of 24.79, a PEG ratio of 4.52 and a beta of 1.01. The company has a fifty day simple moving average of $36.91 and a 200 day simple moving average of $45.24. The company has a current ratio of 2.07, a quick ratio of 1.39 and a debt-to-equity ratio of 0.39. NIKE, Inc. has a 12-month low of $31.97 and a 12-month high of $69.14.

NIKE (NYSE:NKE – Get Free Report) last issued its quarterly earnings data on Thursday, October 1st. The footwear maker reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.05. NIKE had a net margin of 6.74% and a return on equity of 15.94%. The firm had revenue of $11.21 billion during the quarter, compared to analysts’ expectations of $11.32 billion. During the same period last year, the company earned $0.49 earnings per share. The business’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. Sell-side analysts predict that NIKE, Inc. will post 1.22 earnings per share for the current fiscal year.

NIKE Profile

(Free Report)

NIKE, Inc. designs, develops, markets and sells athletic footwear, apparel, equipment and accessories for sports and fitness, as well as lifestyle products. Its portfolio includes the Nike and Jordan brands, and it owns Converse, which sells casual footwear, apparel and accessories. The company sells products worldwide through wholesale partners and its own retail stores and digital platforms. Its offerings serve customers across a range of sports and activities, including running, basketball, soccer and training.