Quintet Private Bank Europe S.A. Buys 46,755 Shares of NIKE, Inc. $NKE

Key Points

• Quintet Private Bank Europe S.A. nearly doubled its NIKE stake, purchasing 46,755 additional shares in the third quarter and bringing its holdings to 95,536 shares valued at approximately $3.38 million.
• NIKE’s latest quarter beat earnings expectations with EPS of $0.48 versus $0.43 projected, but revenue fell 4.3% year over year to $11.21 billion. The stock traded near $34.37, close to its 52-week low, while analysts held a consensus “Reduce” rating.
• NIKE maintains a quarterly dividend of $0.41, equivalent to a 4.8% annualized yield, though its payout ratio is relatively high at 78.85%; insiders sold nearly $600,000 of stock over the past 90 days.

Quintet Private Bank Europe S.A. raised its stake in NIKE, Inc. (NYSE:NKE - Free Report) by 95.8% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 95,536 shares of the footwear maker's stock after buying an additional 46,755 shares during the quarter. Quintet Private Bank Europe S.A.'s holdings in NIKE were worth $3,382,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. J. Stern & Co. LLP boosted its holdings in NIKE by 49,010.4% in the 4th quarter. J. Stern & Co. LLP now owns 48,054,542 shares of the footwear maker's stock valued at $3,061,555,000 after purchasing an additional 47,956,692 shares during the last quarter. Flossbach Von Storch SE acquired a new stake in NIKE during the second quarter worth $488,714,000. State Street Corp raised its position in NIKE by 6.8% in the second quarter. State Street Corp now owns 63,598,789 shares of the footwear maker's stock valued at $2,636,104,000 after purchasing an additional 4,052,428 shares during the period. Employees Provident Fund Board acquired a new position in shares of NIKE in the 4th quarter valued at $186,079,000. Finally, Confluence Investment Management LLC grew its holdings in shares of NIKE by 873.8% during the 3rd quarter. Confluence Investment Management LLC now owns 2,720,616 shares of the footwear maker's stock worth $96,310,000 after purchasing an additional 2,441,233 shares during the period. Hedge funds and other 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’s performance business—products designed for sports and athletic activity—continues to grow, providing a potential foundation for recovery even as lifestyle categories and major sneaker franchises struggle. Why You Need To Pay Attention To Nike Stock
• Positive Sentiment: Management is emphasizing higher-quality products, tighter inventory and supply-chain improvements. The resulting higher dividend yield—recently reported near a record 4.8%—could attract income-oriented investors if cash flow remains sufficient to support the payout. Nike's Dividend Yield Surges to a Record 4.8%
• Positive Sentiment: Reports that NIKE may return to Formula 1 sponsorships in 2027 offer a potential marketing and growth opportunity, although the plan remains speculative and would likely take time to affect results. Nike Eyes Bringing the Swoosh Back to Formula 1

Insider Activity

In other news, COO Venkatesh Alagirisamy sold 3,671 shares of the stock in a transaction dated Wednesday, September 9th. The stock was sold at an average price of $37.59, for a total value of $137,992.89. Following the transaction, the chief operating officer owned 104,862 shares in the company, valued at approximately $3,941,762.58. This represents a 3.38% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Amy Montagne sold 4,867 shares of the business's stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $42.05, for a total value of $204,657.35. Following the sale, the insider 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 SEC filing for this sale provides additional information. Insiders sold a total of 14,974 shares of company stock valued at $600,126 in the last 90 days. Company insiders own 1.10% of the company's stock.

NIKE Stock Up 0.0%

NKE stock traded up $0.01 during mid-day trading on Thursday, reaching $34.37. The company had a trading volume of 14,984,431 shares, compared to its average volume of 24,520,086. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.39 and a current ratio of 2.07. The company has a market capitalization of $50.98 billion, a price-to-earnings ratio of 16.52, a price-to-earnings-growth ratio of 3.04 and a beta of 1.09. The firm has a fifty day simple moving average of $38.37 and a 200 day simple moving average of $42.38. NIKE, Inc. has a fifty-two week low of $31.97 and a fifty-two week high of $70.44.

NIKE (NYSE:NKE - Get Free Report) last announced its quarterly earnings data on Thursday, October 1st. The footwear maker reported $0.48 EPS for the quarter, topping analysts' consensus estimates of $0.43 by $0.05. The business had revenue of $11.21 billion during the quarter, compared to the consensus estimate of $11.32 billion. NIKE had a return on equity of 15.94% and a net margin of 6.74%.The business's revenue for the quarter was down 4.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.49 earnings per share. NIKE has set its FY 2027 guidance at 1.150-1.350 EPS. Analysts forecast that NIKE, Inc. will post 1.26 earnings per share for the current fiscal year.

NIKE Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Stockholders of record on Tuesday, September 1st were issued a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date was Tuesday, September 1st. NIKE's dividend payout ratio (DPR) is presently 78.85%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the stock. CICC Research reduced their price objective on shares of NIKE from $58.00 to $44.80 and set a "neutral" rating on the stock in a report on Thursday, July 2nd. Wells Fargo & Company set a $30.00 price objective on shares of NIKE and gave the stock an "equal weight" rating in a research report on Friday, October 2nd. Citigroup cut their target price on NIKE from $39.00 to $32.00 and set a "neutral" rating on the stock in a research report on Friday, October 2nd. HSBC decreased their price target on NIKE from $48.00 to $40.00 and set a "hold" rating on the stock in a research note on Monday, September 28th. Finally, Argus raised NIKE to a "strong-buy" rating in a research note on Wednesday, July 15th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, twenty-one have given a Hold rating and ten have given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Reduce" and an average price target of $41.19.

NIKE Company Profile

NIKE, Inc is a global sportswear company that designs, develops, markets and sells athletic footwear, apparel, equipment, accessories and related services. Its products are marketed under the NIKE, Jordan and Converse brands and are used across a broad range of sports and lifestyle activities, including running, basketball, football, training and outdoor pursuits.

The company distributes its products through a combination of wholesale partners, NIKE-owned retail stores and digital platforms.

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