Flossbach Von Storch SE bought a new position in NIKE, Inc. (NYSE:NKE - Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 11,905,339 shares of the footwear maker's stock, valued at approximately $488,714,000. NIKE makes up about 2.2% of Flossbach Von Storch SE's investment portfolio, making the stock its 16th largest holding. Flossbach Von Storch SE owned 0.80% of NIKE at the end of the most recent quarter.
Several other large investors have also recently bought and sold shares of NKE. Main Street Financial Solutions LLC grew its holdings in shares of NIKE by 4.2% during the second quarter. Main Street Financial Solutions LLC now owns 3,441 shares of the footwear maker's stock worth $244,000 after purchasing an additional 139 shares during the last quarter. ANB Bank raised its holdings in NIKE by 0.7% in the 4th quarter. ANB Bank now owns 25,451 shares of the footwear maker's stock valued at $1,621,000 after buying an additional 165 shares during the last quarter. Cornerstone Wealth Management LLC raised its holdings in NIKE by 4.4% in the 4th quarter. Cornerstone Wealth Management LLC now owns 3,970 shares of the footwear maker's stock valued at $253,000 after buying an additional 169 shares during the last quarter. Caldwell Sutter Capital Inc. boosted its position in NIKE by 7.6% during the 4th quarter. Caldwell Sutter Capital Inc. now owns 2,402 shares of the footwear maker's stock worth $153,000 after buying an additional 170 shares during the period. Finally, Activest Wealth Management grew its holdings in NIKE by 27.4% during the 4th quarter. Activest Wealth Management now owns 810 shares of the footwear maker's stock worth $52,000 after acquiring an additional 174 shares during the last quarter. 64.25% of the stock is currently owned by institutional investors.
NIKE Trading Up 2.4%
NKE opened at $41.03 on Thursday. NIKE, Inc. has a twelve month low of $38.86 and a twelve month high of $80.17. The company has a quick ratio of 1.36, a current ratio of 1.96 and a debt-to-equity ratio of 0.40. The company has a fifty day moving average of $42.67 and a 200-day moving average of $48.14. The stock has a market cap of $60.88 billion, a PE ratio of 19.63, a price-to-earnings-growth ratio of 1.78 and a beta of 1.11.
NIKE (NYSE:NKE - Get Free Report) last issued its quarterly earnings results on Tuesday, June 30th. The footwear maker reported $0.20 EPS for the quarter, beating analysts' consensus estimates of $0.11 by $0.09. NIKE had a net margin of 6.70% and a return on equity of 16.54%. The business had revenue of $10.97 billion for the quarter, compared to analysts' expectations of $10.85 billion. During the same quarter in the prior year, the firm posted $0.14 earnings per share. The business's quarterly revenue was down 1.1% compared to the same quarter last year. On average, sell-side analysts predict that NIKE, Inc. will post 1.74 EPS for the current year.
NIKE Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Tuesday, September 1st will be given a dividend of $0.41 per share. The ex-dividend date is Tuesday, September 1st. This represents a $1.64 annualized dividend and a dividend yield of 4.0%. NIKE's dividend payout ratio is presently 78.47%.
Analysts Set New Price Targets
Several brokerages have issued reports on NKE. Robert W. Baird restated an "outperform" rating and issued a $70.00 price target on shares of NIKE in a research report on Wednesday, July 1st. Berenberg Bank set a $49.00 price objective on shares of NIKE and gave the stock a "hold" rating in a research note on Friday, July 3rd. Rothschild & Co Redburn decreased their price objective on NIKE from $45.00 to $37.00 and set a "sell" rating for the company in a report on Friday, July 17th. Stifel Nicolaus set a $45.00 target price on NIKE and gave the stock a "hold" rating in a research report on Wednesday, July 1st. Finally, Barclays cut their target price on NIKE from $67.00 to $52.00 and set an "overweight" rating on the stock in a report on Wednesday, July 1st. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, eighteen have assigned a Hold rating and five have assigned a Sell rating to the company. Based on data from MarketBeat, NIKE has an average rating of "Hold" and an average target price of $53.53.
View Our Latest Analysis on NKE
Key NIKE News
Here are the key news stories impacting NIKE this week:
- Positive Sentiment: Recent quarterly results offered some support: earnings and revenue exceeded consensus estimates, wholesale sales improved—particularly in North America—and gross margin benefited from lower tariff-related costs. Management is also emphasizing product innovation and improved marketplace execution as part of its turnaround plan. Why Nike Stock Is Up
- Positive Sentiment: Some investors view the selloff as an opportunity, citing Nike’s global brand, approximately 4% dividend yield and potential for a 25th consecutive annual dividend increase. Analysts’ median price target is reported near $47.50, implying meaningful upside if the turnaround gains traction. Nike Dividend Article
- Positive Sentiment: Several company insiders have recently purchased shares, including CEO Elliott Hill, while Capital World Investors and JPMorgan increased their institutional holdings. These transactions may signal confidence that valuation and expectations have become more attractive, although institutional positioning remains mixed.
- Neutral Sentiment: Technical analysts see the possibility of a short-term rebound after the steep decline. However, JPMorgan reportedly expects stabilization only by fiscal 2028—not a full recovery—suggesting investors may need to tolerate a prolonged restructuring period. JPMorgan Nike Outlook
- Negative Sentiment: Weak China sales, sluggish Nike Direct performance and declining digital revenue continue to pressure growth. Competition from brands such as On and Lululemon is intensifying, while Nike’s forward valuation remains above the sector median despite falling sales. Nike Performance and Competition
- Negative Sentiment: Nike is reportedly pulling back from its small neighborhood-store concept, highlighting ongoing efforts to reduce complexity and adjust its retail strategy. Analysts and commentators warn the shares could fall below $30 if the turnaround continues to disappoint. Nike Neighborhood Store Strategy
Insiders Place Their Bets
In other NIKE news, insider Amy Montagne sold 4,867 shares of the stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $42.05, for a total transaction of $204,657.35. Following the transaction, the insider directly owned 57,436 shares in the company, valued at approximately $2,415,183.80. This represents a 7.81% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Philip Mccartney sold 17,398 shares of the firm's stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $46.18, for a total transaction of $803,439.64. Following the sale, the executive vice president directly owned 53,133 shares of the company's stock, valued at approximately $2,453,681.94. This trade represents a 24.67% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 26,142 shares of company stock worth $1,169,380 in the last quarter. 1.10% of the stock is currently owned by company insiders.
NIKE Profile
(
Free Report)
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).
See Also
Want to see what other hedge funds are holding NKE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for NIKE, Inc. (NYSE:NKE - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
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