NIKE, Inc. $NKE Shares Purchased by Amundi

Key Points

• Amundi increased its NIKE stake by 59.4% in the second quarter, adding 2.4 million shares to own 6.46 million shares valued at approximately $265.2 million. Institutional investors collectively own 64.25% of NIKE.
• Analyst sentiment remains cautious, with NIKE receiving an overall “Hold” rating and an average price target of $52.94. Recent targets range from $45 to $55, while the stock opened at $38.39 and remains near its 52-week low.
• NIKE exceeded quarterly earnings expectations with $0.20 in EPS versus the $0.11 consensus and reported $10.97 billion in revenue, though sales declined 1.1% year over year. The company also declared a quarterly dividend of $0.41 per share, representing a 4.3% annualized yield.

Amundi boosted its holdings in NIKE, Inc. (NYSE:NKE - Free Report) by 59.4% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 6,460,398 shares of the footwear maker's stock after acquiring an additional 2,406,609 shares during the quarter. Amundi owned about 0.44% of NIKE worth $265,199,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of NKE. Carlson Financial Inc. boosted its holdings in NIKE by 43.7% during the second quarter. Carlson Financial Inc. now owns 18,146 shares of the footwear maker's stock worth $745,000 after buying an additional 5,522 shares in the last quarter. California State Teachers Retirement System increased its holdings in NIKE by 4,052.9% in the second quarter. California State Teachers Retirement System now owns 75,611,801 shares of the footwear maker's stock valued at $3,103,864,000 after buying an additional 73,791,103 shares in the last quarter. Studio Investment Management LLC purchased a new position in NIKE in the second quarter valued at about $647,000. Wedmont Private Capital lifted its position in shares of NIKE by 29.8% during the 2nd quarter. Wedmont Private Capital now owns 7,454 shares of the footwear maker's stock valued at $331,000 after acquiring an additional 1,710 shares during the period. Finally, Nilsine Partners LLC lifted its position in shares of NIKE by 203.1% during the 2nd quarter. Nilsine Partners LLC now owns 47,213 shares of the footwear maker's stock valued at $1,938,000 after acquiring an additional 31,637 shares during the period. Institutional investors and hedge funds own 64.25% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on NKE shares. Weiss Ratings upgraded NIKE from a "sell (d)" rating to a "sell (d+)" rating in a report on Friday, July 17th. Deutsche Bank Aktiengesellschaft lifted their price objective on NIKE from $43.00 to $45.00 and gave the stock a "hold" rating in a report on Friday, July 17th. Evercore set a $46.00 target price on NIKE and gave the stock an "in-line" rating in a research report on Tuesday, June 23rd. BTIG Research reissued a "buy" rating and issued a $55.00 target price on shares of NIKE in a report on Wednesday, July 1st. Finally, DZ Bank reissued a "buy" rating on shares of NIKE in a report on Tuesday, June 30th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, twenty have given a Hold rating and four have issued a Sell rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $52.94.

NIKE Stock Performance

NYSE NKE opened at $38.39 on Tuesday. NIKE, Inc. has a fifty-two week low of $37.95 and a fifty-two week high of $76.97. The stock has a market cap of $56.95 billion, a price-to-earnings ratio of 18.37, a price-to-earnings-growth ratio of 1.88 and a beta of 1.10. The business has a fifty day moving average of $41.52 and a 200-day moving average of $45.98. The company has a quick ratio of 1.36, a current ratio of 1.96 and a debt-to-equity ratio of 0.40.

NIKE (NYSE:NKE - Get Free Report) last posted its quarterly earnings data 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 return on equity of 16.54% and a net margin of 6.70%.The business had revenue of $10.97 billion for the quarter, compared to analyst estimates of $10.85 billion. During the same quarter last year, the company earned $0.14 earnings per share. The business's revenue for the quarter was down 1.1% compared to the same quarter last year. As a group, analysts predict that NIKE, Inc. will post 1.74 earnings per share for the current fiscal year.

NIKE Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Tuesday, September 1st will be given a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend is Tuesday, September 1st. NIKE's payout ratio is currently 78.47%.

Insider Activity

In other NIKE news, insider Amy Montagne sold 4,867 shares of NIKE stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $42.05, for a total value of $204,657.35. Following the completion of the sale, the insider directly owned 57,436 shares of the company's stock, valued at approximately $2,415,183.80. The trade was a 7.81% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Matthew Friend sold 2,463 shares of NIKE stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $41.60, for a total transaction of $102,460.80. Following the completion of the sale, the chief financial officer directly owned 82,165 shares of the company's stock, valued at $3,418,064. The trade was a 2.91% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 26,142 shares of company stock worth $1,169,380. Corporate insiders own 1.10% of the company's stock.

Key Headlines Impacting NIKE

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: Some early signs of recovery are emerging in China, particularly in running, football and premium retail. However, the improvement remains preliminary and is offset by significant sales declines and ongoing inventory cleanup. NIKE's China Business: Recovery Story or Ongoing Challenge?
• Positive Sentiment: Insider activity is mixed but includes purchases by CEO Elliott Hill and other directors and executives, which may indicate confidence that the depressed valuation offers long-term value. The median analyst price target of $47.50 also remains above recent trading levels, although estimates vary widely. Nike Stock Opinions on Earnings Miss and S&P 100 Removal
• Neutral Sentiment: Analysts and investors appear cautious, viewing the recovery as a multi-year effort requiring better product execution, stronger digital sales and improved regional performance. Nike’s dividend continues to attract some longer-term investors, but it has not overcome concerns about earnings quality and cash-flow deterioration.
• Negative Sentiment: S&P Dow Jones Indices will remove Nike from the S&P 100 effective September 21, ending an approximately 18-year membership. The change reflects the company’s sharp decline in market value and could reduce its visibility among index-tracking investors. Nike to lose S&P 100 place as stock sinks to 12-year low
• Negative Sentiment: Recent commentary highlights earnings concerns, elevated prices for basic apparel, weakness in China and digital sales, and intensifying competition from brands and retailers such as Lululemon and Dick’s Sporting Goods. These issues reinforce fears that the turnaround will take several years. Nike Has Tumbled in 2026: Is It Time to Switch?

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).

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