Janney Capital Management LLC Invests $1.81 Million in NIKE, Inc. $NKE

Janney Capital Management LLC bought a new stake in NIKE, Inc. (NYSE:NKE) during the third quarter, Holdings Channel reports. The firm bought 25,929 shares of the footwear maker’s stock, valued at approximately $1,808,000.

Several other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of NIKE by 0.6% in the second quarter. Vanguard Group Inc. now owns 113,823,785 shares of the footwear maker’s stock valued at $8,086,042,000 after purchasing an additional 672,705 shares during the last quarter. State Street Corp boosted its stake in NIKE by 2.8% during the 2nd quarter. State Street Corp now owns 59,154,159 shares of the footwear maker’s stock valued at $4,225,441,000 after purchasing an additional 1,590,603 shares during the period. Invesco Ltd. grew its holdings in NIKE by 66.1% in the 2nd quarter. Invesco Ltd. now owns 12,157,198 shares of the footwear maker’s stock valued at $863,647,000 after buying an additional 4,840,114 shares during the last quarter. Norges Bank bought a new position in NIKE in the 2nd quarter worth approximately $835,063,000. Finally, Flossbach Von Storch SE lifted its holdings in shares of NIKE by 9.5% during the second quarter. Flossbach Von Storch SE now owns 11,265,390 shares of the footwear maker’s stock worth $800,293,000 after buying an additional 978,771 shares during the last quarter. Institutional investors own 64.25% of the company’s stock.

More NIKE News

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: Jim Cramer said there’s “a lot of value in Nike,” highlighting the stock as attractive amid market rotation and reinforcing a bullish narrative that can draw buyers. Jim Cramer says “there’s a lot of value in Nike”
• Positive Sentiment: Additional Cramer coverage frames Nike as “ahead of schedule” on its turnaround, which supports expectations that operational improvements could accelerate and justify higher multiples. “Nike (NKE) is Ahead of Schedule,” Says Jim Cramer
• Positive Sentiment: Nike signed its first major pickleball partnership with phenom Anna Leigh Waters, expanding brand exposure in a fast-growing sport and supporting top-line and lifestyle relevance in younger demographics. This is a clear marketing/partnership positive. Nike signs its first pickleball deal with phenom Anna Leigh Waters
• Neutral Sentiment: Market commentary (Benzinga) notes shares are edging higher despite the company progressing more slowly than some expected on its turnaround — suggesting the move is sentiment-driven rather than earnings-driven so far. Nike Shares Edge Higher Tuesday: What’s Behind The Strength?
• Neutral Sentiment: Insider buying (including CEO Elliott Hill and some directors) signals confidence from management, but coverage cautions this is not a guaranteed catalyst — insiders can buy for many reasons while other insiders sold earlier. Investors should weigh these signals against broader flows. Nike insiders are buying – but the downside risk isn’t gone
• Neutral Sentiment: Legislative news (House passage of an AGOA extension) could modestly help sourcing flexibility for apparel supply chains over time, but the impact on near-term Nike fundamentals is indirect. Congress Vote: The House has passed H.R. 6500 – AGOA Extension Act
• Negative Sentiment: Analyst downgrades, price-target cuts and evidence of institutional selling are flagged in recent analysis; these factors create downside risk if upcoming fiscal-quarter results (mid-March) disappoint, which could trigger further downside despite current optimism. Nike Insiders Are Buying—But the Downside Risk Isn’t Gone

NIKE Trading Up 0.9%

Shares of NKE opened at $66.22 on Wednesday. NIKE, Inc. has a 1 year low of $52.28 and a 1 year high of $82.44. The company has a current ratio of 2.06, a quick ratio of 1.40 and a debt-to-equity ratio of 0.50. The stock has a 50 day simple moving average of $63.61 and a 200-day simple moving average of $69.55. The stock has a market cap of $98.03 billion, a PE ratio of 38.95, a PEG ratio of 3.37 and a beta of 1.28.

NIKE (NYSE:NKE) last announced its quarterly earnings results on Thursday, December 18th. The footwear maker reported $0.53 EPS for the quarter, beating the consensus estimate of $0.37 by $0.16. NIKE had a return on equity of 18.43% and a net margin of 5.43%.The business had revenue of $12.43 billion for the quarter, compared to analyst estimates of $12.19 billion. During the same quarter in the previous year, the firm earned $0.78 EPS. NIKE’s quarterly revenue was up .6% on a year-over-year basis. On average, sell-side analysts predict that NIKE, Inc. will post 2.05 EPS for the current fiscal year.

NIKE Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 2nd. Stockholders of record on Monday, December 1st were paid a $0.41 dividend. The ex-dividend date was Monday, December 1st. This represents a $1.64 annualized dividend and a dividend yield of 2.5%. This is a boost from NIKE’s previous quarterly dividend of $0.40. NIKE’s dividend payout ratio is presently 96.47%.

Insiders Place Their Bets

In other news, Director Robert Holmes Swan acquired 8,691 shares of the firm’s stock in a transaction on Monday, December 22nd. The shares were purchased at an average cost of $57.54 per share, with a total value of $500,080.14. Following the completion of the purchase, the director owned 43,293 shares of the company’s stock, valued at $2,491,079.22. This represents a 25.12% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through 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 purchased at an average cost of $58.97 per share, with a total value of $2,948,500.00. Following the acquisition, the director owned 105,480 shares of the company’s stock, valued at approximately $6,220,155.60. This represents a 90.12% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have purchased 91,229 shares of company stock worth $5,452,640 in the last quarter. 0.80% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Truist Financial set a $70.00 price objective on shares of NIKE and gave the stock a “buy” rating in a research note on Friday, December 19th. Raymond James Financial restated a “market perform” rating on shares of NIKE in a research report on Monday, December 15th. Sanford C. Bernstein reaffirmed a “buy” rating and set a $85.00 price objective on shares of NIKE in a research report on Tuesday, January 6th. Bank of America reduced their target price on shares of NIKE from $84.00 to $73.00 and set a “buy” rating for the company in a research note on Friday, December 19th. Finally, Wells Fargo & Company set a $65.00 price target on NIKE and gave the company an “overweight” rating in a research note on Friday, December 19th. Two analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $75.16.

NIKE 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).