Allspring Global Investments Holdings LLC Has $53.01 Million Position in NIKE, Inc. $NKE

Allspring Global Investments Holdings LLC lessened its holdings in shares of NIKE, Inc. (NYSE:NKE) by 5.8% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 837,742 shares of the footwear maker’s stock after selling 51,354 shares during the period. Allspring Global Investments Holdings LLC owned 0.06% of NIKE worth $53,012,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Twin Peaks Wealth Advisors LLC acquired a new position in NIKE during the 2nd quarter worth about $31,000. Guerra Advisors Inc acquired a new stake in NIKE in the 3rd quarter valued at about $34,000. Gordian Capital Singapore Pte Ltd bought a new position in shares of NIKE in the third quarter worth about $35,000. Accredited Wealth Management LLC raised its stake in shares of NIKE by 268.6% in the third quarter. Accredited Wealth Management LLC now owns 516 shares of the footwear maker’s stock worth $36,000 after acquiring an additional 376 shares during the last quarter. Finally, Matrix Trust Co lifted its position in shares of NIKE by 43.6% during the fourth quarter. Matrix Trust Co now owns 596 shares of the footwear maker’s stock worth $38,000 after purchasing an additional 181 shares in the last quarter. 64.25% of the stock is currently owned by institutional investors and hedge funds.

NIKE Price Performance

NKE opened at $44.72 on Thursday. The company has a fifty day moving average price of $59.27 and a two-hundred day moving average price of $63.53. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.40 and a current ratio of 2.06. NIKE, Inc. has a 52 week low of $44.56 and a 52 week high of $80.17. The firm has a market capitalization of $66.21 billion, a PE ratio of 29.62, a P/E/G ratio of 2.78 and a beta of 1.31.

NIKE (NYSE:NKE) last posted its quarterly earnings results on Tuesday, March 31st. The footwear maker reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.06. NIKE had a return on equity of 16.56% and a net margin of 4.84%.The company had revenue of $11.28 billion for the quarter, compared to the consensus estimate of $11.23 billion. During the same quarter in the prior year, the business posted $0.54 EPS. The firm’s quarterly revenue was up .1% on a year-over-year basis. As a group, analysts anticipate that NIKE, Inc. will post 2.05 earnings per share for the current year.

NIKE Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 1st. Shareholders of record on Monday, March 2nd were paid a $0.41 dividend. The ex-dividend date of this dividend was Monday, March 2nd. This represents a $1.64 annualized dividend and a yield of 3.7%. NIKE’s dividend payout ratio is presently 96.47%.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. Piper Sandler decreased their price target on shares of NIKE from $75.00 to $60.00 and set an “overweight” rating on the stock in a research note on Wednesday. Daiwa Securities Group reduced their price objective on NIKE from $75.00 to $61.00 in a report on Tuesday, December 23rd. Needham & Company LLC lowered NIKE from a “buy” rating to a “hold” rating in a research report on Thursday, January 8th. Argus lowered their target price on NIKE from $85.00 to $70.00 in a research note on Tuesday, December 23rd. Finally, Weiss Ratings upgraded NIKE from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, January 12th. Nineteen analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $64.43.

NIKE News Roundup

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: Q3 beat on the headlines — NIKE reported $11.28B in revenue and $0.35 EPS, modestly above consensus, showing the turnaround program is producing some topline stability and earnings beats. Business Wire: NIKE Q3 release
• Positive Sentiment: Product and regional pockets of strength — North America and running categories showed improvement, supporting management’s claim that parts of the turnaround are working. Reuters: Q3 sales beat
• Neutral Sentiment: Mixed analyst reaction — Several firms cut price targets and ratings while others reaffirmed buys; the street is divided on timing and magnitude of the recovery. Expect more target revisions as guidance is digested. Benzinga: analyst cuts
• Negative Sentiment: Weak guidance is the main driver — NIKE guided Q4 revenue lower (management now expects a decline rather than growth), signaling the turnaround will take longer and removing near‑term certainty. CNBC: guidance and turnaround outlook
• Negative Sentiment: China slump — management projects a sharp drop in Greater China sales (around the guidance window), worsening a key market and pressuring revenue and margin recovery. Invezz: China sales impact
• Negative Sentiment: Margin and cost headwinds — tariffs, promotions and inventory cleanup weighed on gross margin and guidance for margin recovery is delayed, increasing near‑term earnings risk. Zacks: margin pressures
• Negative Sentiment: Market reaction and analyst downgrades — heavy trading, multiple price‑target cuts and downgrades accelerated the selloff and pushed the stock to multi‑year/52‑week lows. Investopedia: stock reaction

About NIKE

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).