International Assets Investment Management LLC Purchases 31,022 Shares of NIKE, Inc. $NKE

International Assets Investment Management LLC raised its position in NIKE, Inc. (NYSE:NKE) by 98.1% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 62,645 shares of the footwear maker’s stock after acquiring an additional 31,022 shares during the period. International Assets Investment Management LLC’s holdings in NIKE were worth $2,202,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of NKE. Heritage Family Offices LLP acquired a new position in shares of NIKE in the 3rd quarter worth approximately $35,000. Calamos Advisors LLC increased its position in NIKE by 2.1% in the 3rd quarter. Calamos Advisors LLC now owns 260,387 shares of the footwear maker’s stock valued at $9,218,000 after acquiring an additional 5,266 shares in the last quarter. Alta Advisers Ltd bought a new position in NIKE in the 3rd quarter worth approximately $312,000. Pekin Hardy Strauss Inc. raised its position in shares of NIKE by 18.9% during the third quarter. Pekin Hardy Strauss Inc. now owns 9,896 shares of the footwear maker’s stock worth $350,000 after acquiring an additional 1,575 shares during the last quarter. Finally, Westside Investment Management Inc. lifted its position in NIKE by 8.4% during the 3rd quarter. Westside Investment Management Inc. now owns 3,484 shares of the footwear maker’s stock valued at $123,000 after purchasing an additional 270 shares during the period. Institutional investors own 64.25% of the company’s stock.

NIKE Stock Up 0.1%

NIKE stock opened at $38.61 on Monday. The company has a market cap of $57.35 billion, a P/E ratio of 18.56, a price-to-earnings-growth ratio of 4.51 and a beta of 1.01. NIKE, Inc. has a 1-year low of $31.97 and a 1-year high of $69.14. The company has a fifty day simple moving average of $36.91 and a 200 day simple moving average of $45.63. The company has a current ratio of 2.07, a quick ratio of 1.39 and a debt-to-equity ratio of 0.39.

NIKE (NYSE:NKE) last issued its quarterly earnings results 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. NIKE had a net margin of 6.74% and a return on equity of 15.94%. The firm had revenue of $11.21 billion for the quarter, compared to analyst estimates of $11.32 billion. During the same period in the previous year, the business earned $0.49 EPS. The company’s revenue was down 4.3% compared to the same quarter last year. NIKE has set its FY 2027 guidance at 1.150-1.350 EPS. Research analysts anticipate that NIKE, Inc. will post 1.22 earnings per share for the current fiscal year.

Key Headlines Impacting NIKE

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: NIKE shares gained 13.9% over the past month, with performance categories and North America showing traction. However, persistent China weakness and earnings pressure make the durability of the rebound uncertain. Read article
• Neutral Sentiment: RBC expects NIKE’s five-year financial targets to be broadly in line with consensus, suggesting its Capital Markets Day may clarify strategy without providing a major near-term catalyst for the stock. Read article
• Negative Sentiment: Analyst caution is weighing on sentiment: Truist downgraded NIKE to “sell” with a $29 target, while UBS maintained “neutral” and a $34 target, warning the recovery may lag valuation expectations. RBC also cut its target to $39 and kept a sector-perform rating. Read article
• Negative Sentiment: Reports point to shrinking Jordan and Dunk sales, with the CEO acknowledging a prior blind spot. A pullback in Jordan sneakers could also create an opening for competitors. Read article
• Negative Sentiment: NIKE’s fiscal 2027 outlook highlights potential sales and earnings pressure; planned $2.5 billion in cost savings could help longer term but may not offset near-term revenue risks. China remains a key concern, with sales there down 25% year over year in the latest reported quarter. Read article

Analysts Set New Price Targets

A number of equities analysts have issued reports on the company. Argus upgraded NIKE to a “strong-buy” rating in a report on Wednesday, July 15th. Truist Financial cut shares of NIKE from a “hold” rating to a “sell” rating and set a $29.00 price objective for the company. in a report on Thursday. KeyCorp reaffirmed a “sector weight” rating on shares of NIKE in a research note on Friday, October 2nd. UBS Group reiterated a “neutral” rating on shares of NIKE in a report on Thursday, October 22nd. Finally, Weiss Ratings cut shares of NIKE from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, October 6th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, twenty have given a Hold rating and twelve have given a Sell rating to the company’s stock. According to data from MarketBeat.com, NIKE currently has a consensus rating of “Reduce” and a consensus price target of $40.91.

Insider Buying and Selling

In other news, COO Venkatesh Alagirisamy sold 3,671 shares of the stock in a transaction that occurred on Wednesday, September 9th. The stock was sold at an average price of $37.59, for a total value of $137,992.89. Following the completion of the sale, the chief operating officer owned 104,862 shares of the company’s stock, valued at approximately $3,941,762.58. This represents a 3.38% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Philip McCartney sold 2,559 shares of the firm’s stock in a transaction on Wednesday, September 9th. The shares were sold at an average price of $37.59, for a total transaction of $96,192.81. Following the completion of the transaction, the executive vice president directly owned 78,121 shares of the company’s stock, valued at $2,936,568.39. This represents a 3.17% 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. Corporate insiders own 1.10% of the company’s stock.

NIKE Profile

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.

NIKE traces its roots to Blue Ribbon Sports, founded in 1964 by Phil Knight and Bill Bowerman.