ABN AMRO Bank N.V. Purchases 10,415 Shares of NIKE, Inc. $NKE

ABN AMRO Bank N.V. increased its position in NIKE, Inc. (NYSE:NKE) by 290.4% in the third quarter, HoldingsChannel reports. The firm owned 14,002 shares of the footwear maker’s stock after purchasing an additional 10,415 shares during the quarter. ABN AMRO Bank N.V.’s holdings in NIKE were worth $973,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Hudson Canyon Capital Management grew its stake in NIKE by 4.3% in the third quarter. Hudson Canyon Capital Management now owns 30,875 shares of the footwear maker’s stock worth $2,153,000 after purchasing an additional 1,275 shares during the period. Linscomb Wealth Inc. grew its position in shares of NIKE by 0.3% in the 3rd quarter. Linscomb Wealth Inc. now owns 83,861 shares of the footwear maker’s stock worth $5,848,000 after buying an additional 226 shares during the period. BI Asset Management Fondsmaeglerselskab A S increased its stake in shares of NIKE by 1.8% in the 3rd quarter. BI Asset Management Fondsmaeglerselskab A S now owns 48,606 shares of the footwear maker’s stock worth $3,389,000 after acquiring an additional 849 shares in the last quarter. Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD lifted its position in NIKE by 106.1% during the 3rd quarter. Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD now owns 205,082 shares of the footwear maker’s stock valued at $14,343,000 after acquiring an additional 105,569 shares during the period. Finally, Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD lifted its position in NIKE by 107.0% during the 3rd quarter. Kranot Hishtalmut Le Morim Tichoniim Havera Menahelet LTD now owns 69,111 shares of the footwear maker’s stock valued at $4,834,000 after acquiring an additional 35,731 shares during the period. 64.25% of the stock is currently owned by institutional investors.

NIKE Stock Performance

Shares of NKE opened at $62.69 on Friday. The business’s fifty day simple moving average is $63.87 and its two-hundred day simple moving average is $68.42. The company has a current ratio of 2.06, a quick ratio of 1.40 and a debt-to-equity ratio of 0.50. NIKE, Inc. has a 12 month low of $52.28 and a 12 month high of $82.44. The company has a market cap of $92.80 billion, a price-to-earnings ratio of 36.87, a P/E/G ratio of 3.29 and a beta of 1.27.

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

NIKE Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 2nd. Shareholders of record on Monday, December 1st were paid a dividend of $0.41 per share. The ex-dividend date was Monday, December 1st. This represents a $1.64 annualized dividend and a yield of 2.6%. This is an increase from NIKE’s previous quarterly dividend of $0.40. NIKE’s dividend payout ratio (DPR) is currently 96.47%.

Insider Activity at NIKE

In related news, Director Timothy D. Cook bought 50,000 shares of the company’s stock in a transaction that occurred on Monday, December 22nd. The shares were bought at an average price of $58.97 per share, for a total transaction 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. This trade represents a 90.12% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Chairman Mark G. Parker sold 86,078 shares of NIKE stock in a transaction that occurred on Friday, November 14th. The stock was sold at an average price of $64.80, for a total transaction of $5,577,854.40. Following the completion of the sale, the chairman directly owned 647,615 shares of the company’s stock, valued at approximately $41,965,452. This trade represents a 11.73% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders bought 75,079 shares of company stock worth $4,449,887. 0.80% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Oppenheimer reaffirmed an “outperform” rating on shares of NIKE in a research note on Wednesday, December 17th. Barclays restated a “neutral” rating on shares of NIKE in a research note on Thursday, January 15th. Bank of America lowered their price objective on NIKE from $84.00 to $73.00 and set a “buy” rating for the company in a research note on Friday, December 19th. Guggenheim reissued a “buy” rating on shares of NIKE in a report on Wednesday, December 31st. Finally, Telsey Advisory Group cut their target price on NIKE from $75.00 to $72.00 and set a “market perform” rating on the stock in a research note on Friday, December 19th. Two analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $74.61.

Key NIKE News

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: Jefferies reiterated a Buy rating and raised emphasis on improving brand momentum in North America, saying sales growth plus an inventory reset support a turnaround and backing a $110 price target — a bullish analyst view that can underpin medium-term upside. Nike North America sales growth and inventory reset support turnaround: analysts
• Positive Sentiment: Nike relaunched its ACG outdoor brand, a product/brand initiative that could help diversify revenue, capture outdoor/outfitter demand and support premium positioning if execution resonates with consumers. Nike Relaunches ACG As Outdoor Brand While Valuation Stays In Focus
• Neutral Sentiment: Short-term price moves have also tracked broader market action, with intraday surges/softness reflecting market breadth rather than company-specific catalysts. Why Is Nike Stock Surging On Wednesday?
• Negative Sentiment: The U.S. Equal Employment Opportunity Commission has opened a formal investigation and filed court action seeking Nike records and enforcement of subpoenas over allegations that some DEI programs led to disparate treatment of white employees and applicants. The probe targets hiring, promotion, mentoring and layoff practices (records requested back to 2018) and includes claims about race-restricted mentoring/leadership programs — creating legal, reputational and potential regulatory risk that is pressuring the stock. Nike facing US probe over alleged discrimination against white workers
• Negative Sentiment: Analyst commentary and research note coverage also flag near-term revenue and margin pressure tied to Nike’s ongoing wholesale reset and tighter distribution strategy, which could weigh on near-term growth even as brand initiatives roll out. Can NIKE Reignite Growth Amid Ongoing Wholesale Reset Pressures?

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).