1,100,000 Shares in NIKE, Inc. $NKE Acquired by Cartenna Capital LP

Cartenna Capital LP bought a new position in NIKE, Inc. (NYSE:NKE) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 1,100,000 shares of the footwear maker’s stock, valued at approximately $76,703,000. NIKE makes up approximately 2.2% of Cartenna Capital LP’s investment portfolio, making the stock its 10th biggest holding. Cartenna Capital LP owned about 0.07% of NIKE as of its most recent filing with the SEC.

A number of other hedge funds have also recently made changes to their positions in NKE. Vanguard Group Inc. increased its holdings in shares of NIKE by 1.3% in the third quarter. Vanguard Group Inc. now owns 115,291,199 shares of the footwear maker’s stock worth $8,039,255,000 after purchasing an additional 1,467,414 shares during the period. State Street Corp raised its position in shares of NIKE by 2.8% in the second quarter. State Street Corp now owns 59,154,159 shares of the footwear maker’s stock worth $4,225,441,000 after buying an additional 1,590,603 shares in the last quarter. Capital World Investors boosted its stake in NIKE by 0.7% during the third quarter. Capital World Investors now owns 42,239,013 shares of the footwear maker’s stock valued at $2,945,326,000 after buying an additional 286,615 shares during the period. Invesco Ltd. grew its position in NIKE by 3.3% during the third quarter. Invesco Ltd. now owns 12,561,334 shares of the footwear maker’s stock worth $875,902,000 after buying an additional 404,136 shares in the last quarter. Finally, Jennison Associates LLC grew its position in NIKE by 42.3% during the third quarter. Jennison Associates LLC now owns 11,838,528 shares of the footwear maker’s stock worth $825,501,000 after buying an additional 3,518,666 shares in the last quarter. 64.25% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have weighed in on NKE. Jefferies Financial Group reaffirmed a “buy” rating on shares of NIKE in a report on Thursday. Telsey Advisory Group cut their price objective on NIKE from $75.00 to $72.00 and set a “market perform” rating for the company in a report on Friday, December 19th. Barclays upgraded shares of NIKE from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $64.00 to $73.00 in a research report on Wednesday. Daiwa Securities Group lowered their target price on shares of NIKE from $75.00 to $61.00 in a research note on Tuesday, December 23rd. Finally, Needham & Company LLC lowered shares of NIKE from a “buy” rating to a “hold” rating in a research report on Thursday, January 8th. Twenty-three analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $74.90.

Insider Activity at NIKE

In related news, CEO Elliott Hill purchased 16,388 shares of NIKE stock in a transaction that occurred on Monday, December 29th. The shares were acquired at an average cost of $61.10 per share, for a total transaction of $1,001,306.80. Following the transaction, the chief executive officer directly owned 241,587 shares in the company, valued at $14,760,965.70. The trade was a 7.28% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Timothy D. Cook acquired 50,000 shares of the company’s stock in a transaction dated Monday, December 22nd. The shares were bought at an average cost of $58.97 per share, with a total value of $2,948,500.00. Following the purchase, the director owned 105,480 shares of the company’s stock, valued at approximately $6,220,155.60. This trade represents a 90.12% increase in their position. The SEC filing for this purchase provides additional information. Insiders purchased 75,079 shares of company stock worth $4,449,887 in the last ninety days. 0.80% of the stock is owned by company insiders.

NIKE Price Performance

Shares of NYSE:NKE opened at $54.00 on Friday. The company has a quick ratio of 1.40, a current ratio of 2.06 and a debt-to-equity ratio of 0.50. The stock has a market cap of $79.93 billion, a PE ratio of 31.76, a PEG ratio of 2.76 and a beta of 1.27. The company’s fifty day moving average is $62.53 and its 200 day moving average is $65.61. NIKE, Inc. has a 52 week low of $52.28 and a 52 week high of $80.17.

NIKE (NYSE:NKE) last posted its quarterly earnings results on Thursday, December 18th. The footwear maker reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.16. NIKE had a net margin of 5.43% and a return on equity of 18.43%. The business had revenue of $12.43 billion during the quarter, compared to analyst estimates of $12.19 billion. During the same period in the prior year, the business posted $0.78 earnings per share. The company’s revenue was up .6% on a year-over-year basis. Research analysts anticipate that NIKE, Inc. will post 2.05 earnings per share for the current year.

NIKE Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Monday, March 2nd will be issued a dividend of $0.41 per share. The ex-dividend date is Monday, March 2nd. This represents a $1.64 annualized dividend and a yield of 3.0%. NIKE’s dividend payout ratio is currently 96.47%.

Trending Headlines about NIKE

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: Barclays upgraded NKE to an Overweight, citing a clear North America recovery, stronger wholesale bookings, and a refreshed product pipeline that could drive margin recovery and re‑rating. This upgrade is the main bullish catalyst today. Barclays upgrades NIKE (NKE)
• Positive Sentiment: Multiple outlets (MarketBeat, TheStreet) amplified the Barclays call, highlighting improving North America sales, inventory cleanup and product momentum — factors that could support upside if execution continues. Just Buy It? Barclays Thinks Nike Is Ready to Run
• Neutral Sentiment: Nike promoted Cimarron Nix to chief sustainability officer, adding supply‑chain and labor expertise to management — a governance/ESG move that may help long‑term brand and operational resilience but is unlikely to move near‑term earnings. Can Nike’s New Sustainability Chief Reframe NKE’s Long-Term Competitive Edge Story?
• Negative Sentiment: Short‑term selling: recent coverage notes a bigger single‑day decline and extended multi‑month underperformance — investor skepticism persists despite the upgrade. That ongoing weakness is pressuring the stock. Nike (NKE) Registers a Bigger Fall Than the Market
• Negative Sentiment: Options market shows moderately bearish positioning and higher implied volatility, with elevated demand for downside protection — a signal that traders expect continued near‑term swings. Option traders moderately bearish in Nike
• Negative Sentiment: Bearish analyst/editorial pieces cite ongoing risks (China weakness, Converse reset, valuation concerns) and list reasons to sell — these narratives can keep downward pressure until clearer signs of global stabilization appear. 3 Reasons to Sell NKE

About NIKE

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).