NIKE, Inc. $NKE Stock Purchased by Equity Investment Corp

Equity Investment Corp boosted its position in shares of NIKE, Inc. (NYSE:NKE) by 50.3% during the third quarter, Holdings Channel reports. The firm owned 3,643,376 shares of the footwear maker’s stock after buying an additional 1,218,736 shares during the quarter. NIKE comprises approximately 1.8% of Equity Investment Corp’s holdings, making the stock its 17th biggest position. Equity Investment Corp’s holdings in NIKE were worth $128,976,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Gables Capital Management Inc. grew its holdings in NIKE by 3,145.5% in the third quarter. Gables Capital Management Inc. now owns 17,850 shares of the footwear maker’s stock valued at $632,000 after purchasing an additional 17,300 shares during the last quarter. Gen Wealth Partners Inc increased its position in shares of NIKE by 39.7% in the third quarter. Gen Wealth Partners Inc now owns 39,572 shares of the footwear maker’s stock valued at $1,401,000 after buying an additional 11,252 shares in the last quarter. AlphaCore Capital LLC raised its stake in shares of NIKE by 72.1% during the 3rd quarter. AlphaCore Capital LLC now owns 17,730 shares of the footwear maker’s stock worth $629,000 after buying an additional 7,427 shares during the last quarter. Allspring Global Investments Holdings LLC raised its stake in shares of NIKE by 31.0% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 71,994 shares of the footwear maker’s stock worth $2,531,000 after buying an additional 17,047 shares during the last quarter. Finally, StoneRidge PMG Advisors LLC acquired a new position in shares of NIKE during the 3rd quarter worth $1,758,000. Institutional investors and hedge funds own 64.25% of the company’s stock.

Key NIKE News

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: NIKE’s global “Pace” restructuring is intended to simplify operations, improve decision-making and supply-chain flexibility, and deliver a targeted $2.5 billion in savings. The benefits depend on successful execution, and restructuring costs could temper the gains. NIKE Reshapes Its Global Operations: Will Agility Improve?
• Positive Sentiment: NIKE has raised its dividend for 24 consecutive years, and its reported yield is about 4.2%, which may appeal to income-oriented investors. The yield alone does not resolve concerns about the company’s growth outlook. Here’s How Many Shares of Nike You Would Need for $1,000 in Yearly Dividends
• Neutral Sentiment: A valuation article highlights the debate over whether NIKE’s long-term cash flows support its current valuation after a steep multiyear share-price decline. It does not establish a clear near-term catalyst. Nike (NKE) Stock Trades Near Fair Value On Cash Flow
• Neutral Sentiment: NIKE appointed Dan McKenzie as vice president and chief accounting officer, a finance leadership update with no stated change to its outlook. Nike Appoints Dan McKenzie as Chief Accounting Officer
• Negative Sentiment: Bank of America cut its earnings forecasts and pushed its expected sales inflection back to the third quarter of fiscal 2028, signaling a longer recovery and continued difficulty rebuilding growth. That delay is a key near-term overhang for the stock. Nike sales recovery pushed back as Bank of America cuts earnings forecast

NIKE Stock Performance

NYSE NKE opened at $38.65 on Wednesday. NIKE, Inc. has a fifty-two week low of $31.97 and a fifty-two week high of $69.14. The stock has a market cap of $57.41 billion, a price-to-earnings ratio of 18.58, a price-to-earnings-growth ratio of 4.66 and a beta of 1.01. The business has a fifty day moving average of $36.90 and a 200-day moving average of $45.37. The company has a quick ratio of 1.39, a current ratio of 2.07 and a debt-to-equity ratio of 0.39.

NIKE (NYSE:NKE) last issued its quarterly earnings data on Thursday, October 1st. The footwear maker reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.05. The business had revenue of $11.21 billion for the quarter, compared to the consensus estimate of $11.32 billion. NIKE had a return on equity of 15.94% and a net margin of 6.74%. The business’s revenue was down 4.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.49 earnings per share. NIKE has set its FY 2027 guidance at 1.150-1.350 EPS. As a group, analysts predict that NIKE, Inc. will post 1.22 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on NKE. Sanford C. Bernstein reiterated an “outperform” rating and issued a $45.00 price objective on shares of NIKE in a research report on Friday, October 2nd. Truist Financial downgraded shares of NIKE from a “hold” rating to a “sell” rating and set a $29.00 target price for the company. in a report on Thursday, November 5th. Stifel Nicolaus cut their target price on shares of NIKE from $40.00 to $36.00 and set a “hold” rating for the company in a research report on Friday, October 2nd. Oppenheimer set a $52.00 price target on shares of NIKE and gave the company an “outperform” rating in a report on Wednesday, September 23rd. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of NIKE in a report on Friday, October 2nd. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, twenty-one have assigned a Hold rating and twelve have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, NIKE has an average rating of “Reduce” and a consensus price target of $40.83.

Insider Transactions at NIKE

In other NIKE news, EVP Philip McCartney sold 2,559 shares of the company’s stock in a transaction dated Wednesday, September 9th. The shares were sold at an average price of $37.59, for a total value of $96,192.81. Following the transaction, the executive vice president directly owned 78,121 shares in the company, valued at approximately $2,936,568.39. This represents a 3.17% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Venkatesh Alagirisamy sold 3,671 shares of the firm’s stock in a transaction dated Wednesday, September 9th. The stock was sold at an average price of $37.59, for a total transaction of $137,992.89. Following the sale, the chief operating officer directly owned 104,862 shares in the company, valued at $3,941,762.58. This represents a 3.38% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 1.10% of the company’s stock.

About NIKE

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.