Spectrum Asset Management Inc. NB CA Takes $693,000 Position in NIKE, Inc. $NKE

Spectrum Asset Management Inc. NB CA acquired a new position in NIKE, Inc. (NYSE:NKE) during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 9,939 shares of the footwear maker’s stock, valued at approximately $693,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mascoma Wealth Management LLC acquired a new stake in NIKE during the 2nd quarter worth about $26,000. Halbert Hargrove Global Advisors LLC boosted its stake in shares of NIKE by 952.6% in the second quarter. Halbert Hargrove Global Advisors LLC now owns 400 shares of the footwear maker’s stock worth $28,000 after buying an additional 362 shares during the last quarter. Matrix Trust Co grew its holdings in NIKE by 53.1% during the second quarter. Matrix Trust Co now owns 441 shares of the footwear maker’s stock worth $31,000 after acquiring an additional 153 shares during the period. Twin Peaks Wealth Advisors LLC acquired a new stake in NIKE during the second quarter worth about $31,000. Finally, Opal Wealth Advisors LLC purchased a new position in NIKE during the second quarter valued at approximately $35,000. 64.25% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have commented on NKE. The Goldman Sachs Group set a $77.00 price objective on NIKE in a research report on Friday, December 19th. UBS Group reissued a “neutral” rating on shares of NIKE in a report on Monday. Raymond James Financial restated a “market perform” rating on shares of NIKE in a research report on Monday, December 15th. Bank of America decreased their price objective on shares of NIKE from $84.00 to $73.00 and set a “buy” rating for the company in a research report on Friday, December 19th. Finally, Daiwa Capital Markets dropped their target price on NIKE from $75.00 to $61.00 in a research report on Tuesday, December 23rd. Two research analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating, eleven have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $75.32.

NIKE News Summary

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: Insider buying by CEO Elliott Hill and other insiders is being highlighted as a vote of confidence in Nike’s early-turnaround signs; MarketBeat notes insiders stepping in and a consensus price target above the current level. MarketBeat Insider Buying
• Positive Sentiment: Sanford C. Bernstein reaffirmed a Buy rating on NKE, signaling some analyst-level conviction in the company’s multi-year recovery potential. Sanford C. Bernstein Reaffirms Buy
• Positive Sentiment: Bank of America reiterated a Buy rating citing North America-led improvement, inventory discipline, and recovery potential — supportive for medium-term sentiment. Bank of America Buy Rating
• Neutral Sentiment: Deutsche Bank initiated coverage with a Hold rating — adds another institutional voice but not a strong directional signal.
• Neutral Sentiment: Valuation comparisons (Zacks) with Adidas keep Nike in investors’ screens for relative-value thinking; these pieces are informational rather than catalysts. Zacks ADDYY vs NKE
• Neutral Sentiment: Opinion pieces asking whether to “buy the dip” flag Nike as a recovery candidate — these can support retail buying but are not hard news. Is It Time to Buy the Dip?
• Neutral Sentiment: AI-driven short-term price predictions (ChatGPT/Benzinga) are noise — may influence retail chatter but not fundamentals. Benzinga ChatGPT Price Prediction
• Negative Sentiment: Analyst downgrade on slow turnaround progress (China weakness and slower-than-expected recovery) is pressuring sentiment and is an explicit negative catalyst. TipRanks Downgrade
• Negative Sentiment: Coverage arguing Nike’s turnaround is taking longer than expected (MSN feature) amplifies caution and investor frustration despite high-profile insider buying. MSN: Needs More Than Tim Cook
• Negative Sentiment: Royal Bank of Canada issued a pessimistic near-term price forecast, adding to the sell-side caution. RBC Pessimistic Forecast
• Negative Sentiment: Nike quietly exiting/disposing of RTFKT after closing its digital collectibles arm signals strategic pullback from NFTs and raises questions about prior digital investments. Cointelegraph: RTFKT Exit

Insider Activity

In other NIKE news, CEO Elliott Hill bought 16,388 shares of NIKE stock in a transaction dated Monday, December 29th. The stock was acquired at an average cost of $61.10 per share, for a total transaction of $1,001,306.80. Following the completion of the transaction, the chief executive officer directly owned 241,587 shares of the company’s stock, valued at approximately $14,760,965.70. This represents a 7.28% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director Robert Holmes Swan purchased 8,691 shares of the stock in a transaction that occurred on Monday, December 22nd. The shares were acquired at an average price of $57.54 per share, for a total transaction of $500,080.14. Following the completion of the transaction, the director directly owned 43,293 shares of the company’s stock, valued at $2,491,079.22. The trade was a 25.12% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders bought 91,229 shares of company stock valued at $5,452,640 in the last three months. Company insiders own 0.80% of the company’s stock.

NIKE Stock Up 3.1%

NKE opened at $65.21 on Friday. The company has a market cap of $96.39 billion, a PE ratio of 38.36, a price-to-earnings-growth ratio of 2.72 and a beta of 1.28. NIKE, Inc. has a twelve month low of $52.28 and a twelve month high of $82.44. The company has a 50-day moving average price of $63.43 and a 200 day moving average price of $69.42. The company has a quick ratio of 1.40, a current ratio of 2.06 and a debt-to-equity ratio of 0.50.

NIKE (NYSE:NKE) last posted its quarterly earnings data on Thursday, December 18th. The footwear maker reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.16. NIKE had a return on equity of 18.43% and a net margin of 5.43%.The company had revenue of $12.43 billion for the quarter, compared to analysts’ expectations of $12.19 billion. During the same period in the previous year, the firm posted $0.78 EPS. NIKE’s revenue was up .6% compared to the same quarter last year. Sell-side analysts expect that NIKE, Inc. will post 2.05 earnings per share for the current fiscal year.

NIKE Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 2nd. Investors of record on Monday, December 1st were given a dividend of $0.41 per share. The ex-dividend date was Monday, December 1st. This is a positive change from NIKE’s previous quarterly dividend of $0.40. This represents a $1.64 annualized dividend and a dividend yield of 2.5%. NIKE’s dividend payout ratio (DPR) is presently 96.47%.

NIKE Company Profile

Nike, Inc (NYSE: NKE) is a global designer, marketer and distributor of athletic footwear, apparel, equipment and accessories. Founded in 1964 as Blue Ribbon Sports by Phil Knight and Bill Bowerman and renamed Nike in 1971, the company is headquartered near Beaverton, Oregon. Nike develops and commercializes products across performance and lifestyle categories for sports including running, basketball, soccer and training, and is known for signature technologies and design-driven product lines.

The company markets products under several primary brands, including Nike, Jordan and Converse, and sells through a combination of wholesale relationships, branded retail stores and direct-to-consumer channels such as company-operated stores and digital platforms (e.g., Nike.com and mobile apps).