PineStone Asset Management Inc. Sells 39,560 Shares of NIKE, Inc. $NKE

PineStone Asset Management Inc. lowered its stake in shares of NIKE, Inc. (NYSE:NKE) by 2.3% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,645,335 shares of the footwear maker’s stock after selling 39,560 shares during the quarter. NIKE accounts for 0.7% of PineStone Asset Management Inc.’s investment portfolio, making the stock its 27th largest holding. PineStone Asset Management Inc. owned 0.11% of NIKE worth $114,729,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently bought and sold shares of NKE. Exchange Traded Concepts LLC raised its position in NIKE by 697.5% during the third quarter. Exchange Traded Concepts LLC now owns 228,889 shares of the footwear maker’s stock valued at $15,960,000 after purchasing an additional 200,187 shares in the last quarter. Soros Fund Management LLC increased its position in shares of NIKE by 33.0% during the 2nd quarter. Soros Fund Management LLC now owns 302,320 shares of the footwear maker’s stock valued at $21,477,000 after purchasing an additional 75,000 shares during the last quarter. Brighton Jones LLC lifted its position in NIKE by 54.6% in the 3rd quarter. Brighton Jones LLC now owns 104,791 shares of the footwear maker’s stock worth $7,307,000 after buying an additional 37,019 shares during the last quarter. Soltis Investment Advisors LLC boosted its stake in NIKE by 238.8% in the second quarter. Soltis Investment Advisors LLC now owns 141,356 shares of the footwear maker’s stock worth $10,042,000 after buying an additional 99,638 shares in the last quarter. Finally, Banco Santander S.A. boosted its stake in NIKE by 28.3% in the second quarter. Banco Santander S.A. now owns 221,117 shares of the footwear maker’s stock worth $15,708,000 after buying an additional 48,764 shares in the last quarter. 64.25% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at NIKE

In other news, Director Jorgen Vig Knudstorp bought 16,150 shares of the company’s stock in a transaction on Friday, November 7th. The shares were acquired at an average cost of $62.09 per share, with a total value of $1,002,753.50. Following the completion of the transaction, the director owned 21,388 shares of the company’s stock, valued at approximately $1,327,980.92. This trade represents a 308.32% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Timothy D. Cook bought 50,000 shares of NIKE stock in a transaction on Monday, December 22nd. The shares were acquired at an average cost of $58.97 per share, with a total value of $2,948,500.00. Following the completion of the acquisition, the director owned 105,480 shares of the company’s stock, valued at $6,220,155.60. The trade was a 90.12% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders bought a total of 74,841 shares of company stock valued at $4,451,334 over the last three months. 0.80% of the stock is owned by insiders.

NIKE Trading Up 1.4%

NYSE:NKE opened at $60.84 on Friday. The firm has a market capitalization of $89.94 billion, a P/E ratio of 35.79, a PEG ratio of 2.61 and a beta of 1.29. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.06 and a quick ratio of 1.40. NIKE, Inc. has a one year low of $52.28 and a one year high of $82.44. The company’s 50-day simple moving average is $64.21 and its 200 day simple moving average is $69.32.

NIKE (NYSE:NKE) last posted its quarterly earnings data on Thursday, December 18th. The footwear maker reported $0.53 earnings per share for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $12.19 billion. During the same quarter last year, the company earned $0.78 EPS. The firm’s revenue for the quarter was up .6% on a year-over-year basis. As a group, analysts forecast that NIKE, Inc. will post 2.05 EPS for the current fiscal year.

NIKE Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 2nd. Stockholders of record on Monday, December 1st will be issued a dividend of $0.41 per share. The ex-dividend date of this dividend is Monday, December 1st. This is an increase from NIKE’s previous quarterly dividend of $0.40. This represents a $1.64 dividend on an annualized basis and a dividend yield of 2.7%. NIKE’s dividend payout ratio is currently 96.47%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on NKE. BTIG Research reaffirmed a “buy” rating and set a $100.00 price objective on shares of NIKE in a research note on Friday, December 12th. Morgan Stanley set a $72.00 price objective on NIKE and gave the company a “positive” rating in a research report on Wednesday, October 1st. Berenberg Bank restated a “neutral” rating and issued a $70.00 target price on shares of NIKE in a report on Friday, December 19th. Raymond James Financial reaffirmed a “market perform” rating on shares of NIKE in a research note on Monday, December 15th. Finally, Daiwa Capital Markets dropped their price target on shares of NIKE from $75.00 to $61.00 in a research report on Tuesday, December 23rd. Two investment analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, NIKE presently has a consensus rating of “Moderate Buy” and an average target price of $75.84.

Key NIKE News

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: Tim Cook increased his Nike stake (~$3M), a high-profile insider buy that lifted sentiment and likely helped spark recent volume and the stock’s uptick. Tim Cook just gave Nike a much-needed holiday boost
• Positive Sentiment: Company director reported a ~$2.95M purchase, reinforcing insider confidence and drawing trader attention. Insider Buying: NIKE Director Purchases $2.95M
• Positive Sentiment: Jim Cramer publicly backed Nike’s CEO and the turnaround story, which can boost retail investor conviction. I Continue to Believe Nike’s CEO is a Winner, Says Jim Cramer
• Neutral Sentiment: Unusually high options and share volume suggest elevated trading/positioning — supports larger intraday moves but not a directional fundamental signal by itself. NIKE Sees Unusually High Options Volume
• Neutral Sentiment: Market indicators show Nike is “oversold” into year-end, which some technicians view as setup for a rebound if momentum stabilizes. These 3 Household Names Are Flashing Rare Oversold Signals
• Negative Sentiment: Analysts cut price targets (Argus lowered to $70, Daiwa to $61), signaling more cautious near-term expectations and limiting upside. Argus adjusts price target on Nike
• Negative Sentiment: Zacks highlights that Nike’s wholesale rebound is helping revenue but digital sales and traffic remain weak — a channel mix problem that could pressure margins and growth visibility. Wholesale Strength vs. Digital Strain
• Negative Sentiment: Legal/trademark snag: Nike’s revival of the Total 90 brand hit a roadblock after a third party registered the trademark, potentially complicating World Cup product plans and marketing. Nike’s Revival of Classic Brand Has a Hitch
• Negative Sentiment: Analyst warnings about “innovation gaps” and commentary that Nike has underperformed for years reinforce the turnaround narrative and the risk that execution must materially improve to restore multiple expansion. ‘Innovation Gaps Signal Further Downside,’ Warns Analyst

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).