Phoenix Financial Ltd. Buys 9,212 Shares of NIKE, Inc. $NKE

Phoenix Financial Ltd. lifted its stake in shares of NIKE, Inc. (NYSE:NKE) by 11.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 88,233 shares of the footwear maker’s stock after acquiring an additional 9,212 shares during the quarter. Phoenix Financial Ltd.’s holdings in NIKE were worth $6,159,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted 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 worth $8,086,042,000 after purchasing an additional 672,705 shares during the period. State Street Corp lifted its stake in shares of 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 buying an additional 1,590,603 shares in the last quarter. Invesco Ltd. boosted 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 worth $863,647,000 after buying an additional 4,840,114 shares during the period. Jennison Associates LLC increased its stake in NIKE by 42.3% in the 3rd quarter. Jennison Associates LLC now owns 11,838,528 shares of the footwear maker’s stock worth $825,501,000 after buying an additional 3,518,666 shares in the last quarter. Finally, Norges Bank bought a new stake in NIKE during the second quarter valued at about $835,063,000. Institutional investors own 64.25% of the company’s stock.

Trending Headlines about NIKE

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: Nike will cut about 775 jobs (roughly 1% of its workforce) at U.S. distribution centers as it accelerates automation to boost efficiency and profitability — a move investors typically view as supportive for margins and long‑term operating leverage. Nike to cut 775 jobs in US distribution centers, CNBC reports
• Positive Sentiment: Nike’s CEO buying shares (reported by The Motley Fool) is a bullish insider signal that can bolster investor confidence in management’s turnaround and capital allocation plan. Nike Stock Is Down, but Is It a Buy?
• Neutral Sentiment: Relative valuation pieces and comparisons to peers (e.g., Adidas) are circulating; these contextualize NKE’s P/E and growth expectations but don’t change near-term fundamentals on their own. ADDYY vs. NKE: Which Stock Is the Better Value Option?
• Negative Sentiment: Nike is investigating a claimed ransomware/data leak (reportedly ~1.4 TB) by a group called World Leaks. Cybersecurity incidents can lead to direct remediation costs, potential regulatory scrutiny and short‑term consumer/partner disruption — a clear near‑term risk to sentiment. Nike says it is investigating possible data breach

Insiders Place Their Bets

In other news, Chairman Mark G. Parker sold 86,078 shares of the firm’s stock in a transaction dated Friday, November 14th. The shares were sold at an average price of $64.80, for a total value of $5,577,854.40. Following the completion of the sale, the chairman owned 647,615 shares in the company, valued at approximately $41,965,452. This trade represents a 11.73% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Elliott Hill purchased 16,388 shares of the company’s stock in a transaction that occurred on Monday, December 29th. The shares were purchased at an average cost of $61.10 per share, with a total value of $1,001,306.80. Following the completion of the purchase, the chief executive officer owned 241,587 shares in the company, valued at $14,760,965.70. This trade represents a 7.28% increase in their position. The disclosure for this purchase is available in the SEC filing. In the last quarter, insiders have bought 91,229 shares of company stock valued at $5,452,640. 0.80% of the stock is currently owned by company insiders.

NIKE Trading Up 0.0%

Shares of NYSE NKE opened at $65.06 on Tuesday. NIKE, Inc. has a 1-year low of $52.28 and a 1-year high of $82.44. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.06 and a quick ratio of 1.40. The business’s 50 day moving average is $63.96 and its two-hundred day moving average is $68.92. The stock has a market capitalization of $96.32 billion, a P/E ratio of 38.27, a PEG ratio of 3.38 and a beta of 1.28.

NIKE (NYSE:NKE) last announced its earnings results on Thursday, December 18th. The footwear maker reported $0.53 EPS for the quarter, topping 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 firm had revenue of $12.43 billion during the quarter, compared to analysts’ expectations of $12.19 billion. During the same quarter in the previous year, the business earned $0.78 EPS. The company’s quarterly revenue was up .6% on a year-over-year basis. As a group, research analysts expect that NIKE, Inc. will post 2.05 EPS for the current year.

NIKE Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 2nd. Shareholders of record on Monday, December 1st were given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 2.5%. This is a positive change from NIKE’s previous quarterly dividend of $0.40. The ex-dividend date was Monday, December 1st. NIKE’s dividend payout ratio (DPR) is presently 96.47%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on NKE. Barclays reaffirmed a “neutral” rating on shares of NIKE in a research note on Thursday, January 15th. Morgan Stanley set a $72.00 price objective on shares of NIKE and gave the company a “positive” rating in a research report on Wednesday, October 1st. Jefferies Financial Group reissued a “buy” rating and issued a $110.00 target price on shares of NIKE in a report on Monday, January 12th. Williams Trading reduced their price target on shares of NIKE from $100.00 to $80.00 and set a “buy” rating on the stock in a report on Friday, December 19th. Finally, Citigroup restated a “neutral” rating and set a $65.00 price objective (down previously from $70.00) on shares of NIKE in a research report on Friday, December 19th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, twelve have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $74.65.

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).