Canoe Financial LP Lowers Position in NIKE, Inc. $NKE

Canoe Financial LP decreased its stake in shares of NIKE, Inc. (NYSE:NKE) by 8.3% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 101,620 shares of the footwear maker’s stock after selling 9,200 shares during the quarter. Canoe Financial LP’s holdings in NIKE were worth $7,086,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of NKE. Exchange Traded Concepts LLC raised its stake in NIKE by 697.5% during the third quarter. Exchange Traded Concepts LLC now owns 228,889 shares of the footwear maker’s stock valued at $15,960,000 after purchasing an additional 200,187 shares in the last quarter. Soros Fund Management LLC grew its stake in shares of NIKE by 33.0% in the 2nd quarter. Soros Fund Management LLC now owns 302,320 shares of the footwear maker’s stock worth $21,477,000 after buying an additional 75,000 shares in the last quarter. Brighton Jones LLC increased its holdings in shares of NIKE by 54.6% in the 3rd quarter. Brighton Jones LLC now owns 104,791 shares of the footwear maker’s stock worth $7,307,000 after buying an additional 37,019 shares during the last quarter. Soltis Investment Advisors LLC raised its position in shares of NIKE by 238.8% during the 2nd quarter. Soltis Investment Advisors LLC now owns 141,356 shares of the footwear maker’s stock valued at $10,042,000 after buying an additional 99,638 shares in the last quarter. Finally, Banco Santander S.A. raised its position in shares of NIKE by 28.3% during the 2nd quarter. Banco Santander S.A. now owns 221,117 shares of the footwear maker’s stock valued at $15,708,000 after buying an additional 48,764 shares in the last quarter. 64.25% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have weighed in on NKE. Barclays set a $64.00 price objective on NIKE and gave the stock an “equal weight” rating in a research note on Friday, December 19th. Weiss Ratings restated a “hold (c-)” rating on shares of NIKE in a research report on Monday. Jefferies Financial Group reaffirmed a “buy” rating and set a $115.00 price objective on shares of NIKE in a research note on Friday, December 12th. Raymond James Financial reissued a “market perform” rating on shares of NIKE in a research note on Monday, December 15th. Finally, JPMorgan Chase & Co. lowered their target price on shares of NIKE from $100.00 to $86.00 and set a “buy” rating for the company in a report on Monday, November 17th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating, ten have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, NIKE currently has an average rating of “Moderate Buy” and an average target price of $75.84.

Key Headlines Impacting NIKE

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: Apple CEO/director Timothy Cook doubled his personal stake (~50,000 shares, ~$2.9M), a high‑visibility insider buy that lifted investor confidence and helped spark the rally. Tim Cook purchase
• Positive Sentiment: Another director, Robert Holmes Swan, also bought ~8,691 shares (~$500k), adding to the insider accumulation narrative that supports near‑term sentiment. Holmes Swan Form 4
• Positive Sentiment: Unusual call‑option activity showed traders positioning for upside, magnifying the short‑term lift in the stock. Options flow story
• Neutral Sentiment: Analyst consensus remains a “Moderate Buy” with mixed price targets; some firms reiterate constructive long‑term views while others are more cautious — useful context but not decisive by itself. Analyst consensus
• Negative Sentiment: Several analysts trimmed price targets (Argus cut to $70; Daiwa to $61), reflecting concerns about near‑term growth and margins and putting downward pressure on valuation expectations. Argus PT cut Daiwa PT cut
• Negative Sentiment: Analyst/industry writeups warn of persistent margin compression, China demand weakness and a high payout ratio — themes that drove the earlier post‑earnings selloff and limit near‑term upside. Margin concerns analysis
• Negative Sentiment: Operational hiccups (e.g., a trademark snag around a nostalgia product critical to World Cup plans) add execution risk for key seasonal initiatives. WSJ trademark hitch

NIKE Trading Up 4.8%

Shares of NKE opened at $60.08 on Friday. The firm has a market capitalization of $88.80 billion, a price-to-earnings ratio of 35.34, a PEG ratio of 2.57 and a beta of 1.29. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.06 and a quick ratio of 1.40. NIKE, Inc. has a 1-year low of $52.28 and a 1-year high of $82.44. The company has a 50-day moving average of $64.34 and a 200 day moving average of $69.29.

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

NIKE Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 2nd. Shareholders of record on Monday, December 1st will be issued a $0.41 dividend. The ex-dividend date is Monday, December 1st. This represents a $1.64 annualized dividend and a dividend yield of 2.7%. This is a positive change from NIKE’s previous quarterly dividend of $0.40. NIKE’s dividend payout ratio (DPR) is currently 96.47%.

Insider Buying and Selling at NIKE

In related news, Chairman Mark G. Parker sold 86,078 shares of the company’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 directly owned 647,615 shares of the company’s stock, valued at $41,965,452. This represents a 11.73% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Treasure Heinle sold 4,300 shares of the stock in a transaction dated Monday, October 6th. The stock was sold at an average price of $71.27, for a total transaction of $306,461.00. Following the transaction, the executive vice president owned 29,396 shares in the company, valued at approximately $2,095,052.92. The trade was a 12.76% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have purchased 74,841 shares of company stock worth $4,451,334. Insiders own 0.80% of the company’s stock.

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).