Machina Capital S.A.S. Makes New $1.75 Million Investment in NIKE, Inc. $NKE

Machina Capital S.A.S. acquired a new position in NIKE, Inc. (NYSE:NKE) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 25,123 shares of the footwear maker’s stock, valued at approximately $1,752,000.

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

More NIKE News

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: Broader market momentum lifted NKE along with peers — traders cited index strength as a near-term catalyst supporting the stock’s move higher. Why Is Nike Stock Surging On Wednesday?
• Positive Sentiment: Nike relaunched its ACG outdoor brand, a product/brand initiative that could help diversify revenue and improve consumer relevance in outdoor/apparel categories over time. Nike Relaunches ACG As Outdoor Brand
• Neutral Sentiment: Analysts note ongoing wholesale channel reset may pressure near-term revenue and margins even as Nike pursues tighter distribution and performance-focused growth — outcome depends on execution timing. Can NIKE Reignite Growth Amid Ongoing Wholesale Reset Pressures?
• Negative Sentiment: The U.S. Equal Employment Opportunity Commission has opened a formal investigation and sought subpoenas alleging Nike’s DEI programs produced disparate treatment against white employees and applicants; the EEOC has filed to compel records (back to 2018) including hiring, layoffs, mentoring rosters and whether race/ethnicity data affected pay/compensation. This creates legal, regulatory and reputational risk and could prompt remedies, costs or operational changes — investors should monitor court filings and any management commentary. Nike facing US probe over alleged discrimination against white workers

Wall Street Analysts Forecast Growth

NKE has been the topic of several recent analyst reports. Barclays restated a “neutral” rating on shares of NIKE in a report on Thursday, January 15th. Wells Fargo & Company set a $65.00 target price on NIKE and gave the stock an “overweight” rating in a report on Friday, December 19th. Citigroup reiterated a “neutral” rating and issued a $65.00 price target (down from $70.00) on shares of NIKE in a research note on Friday, December 19th. Bank of America lowered their price objective on NIKE from $84.00 to $73.00 and set a “buy” rating for the company in a research note on Friday, December 19th. Finally, Raymond James Financial reiterated a “market perform” rating on shares of NIKE in a report on Monday, December 15th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, twelve have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $74.61.

NIKE Price Performance

NYSE NKE opened at $64.14 on Thursday. The business’s fifty day moving average is $63.91 and its 200 day moving average is $68.46. NIKE, Inc. has a fifty-two week low of $52.28 and a fifty-two week high of $82.44. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.40 and a current ratio of 2.06. The company has a market capitalization of $94.95 billion, a PE ratio of 37.73, a price-to-earnings-growth ratio of 3.12 and a beta of 1.27.

NIKE (NYSE:NKE) last posted its quarterly earnings data on Thursday, December 18th. The footwear maker reported $0.53 EPS for the quarter, topping the consensus estimate of $0.37 by $0.16. The firm had revenue of $12.43 billion for the quarter, compared to the consensus estimate of $12.19 billion. NIKE had a return on equity of 18.43% and a net margin of 5.43%.The business’s revenue for the quarter was up .6% compared to the same quarter last year. During the same quarter last year, the company earned $0.78 earnings per share. Sell-side analysts predict that NIKE, Inc. will post 2.05 earnings per share for the current year.

NIKE Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 2nd. Investors of record on Monday, December 1st were issued a $0.41 dividend. The ex-dividend date of this dividend was Monday, December 1st. This represents a $1.64 annualized dividend and a yield of 2.6%. This is an increase from NIKE’s previous quarterly dividend of $0.40. NIKE’s payout ratio is currently 96.47%.

Insider Transactions at NIKE

In other NIKE news, Director Timothy D. Cook bought 50,000 shares of the business’s stock in a transaction that occurred on Monday, December 22nd. The stock was purchased at an average price of $58.97 per share, for a total transaction of $2,948,500.00. Following the completion of the transaction, the director owned 105,480 shares of the company’s stock, valued at $6,220,155.60. This trade represents a 90.12% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Jorgen Vig Knudstorp acquired 16,150 shares of NIKE stock in a transaction dated Friday, November 7th. The shares were bought at an average price of $62.09 per share, for a total transaction of $1,002,753.50. Following the transaction, the director owned 21,388 shares of the company’s stock, valued at approximately $1,327,980.92. The trade was a 308.32% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders have purchased 91,229 shares of company stock valued at $5,452,640. 0.80% of the stock is owned by corporate insiders.

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).