NikeNKE
About: Nike is the largest athletic footwear and apparel brand in the world. Key categories include basketball, running, and football (soccer). Footwear generates about two thirds of its sales. Its brands include Nike, Jordan (premium athletic footwear and clothing), and Converse (casual footwear). Nike sells products worldwide through company-owned stores, franchised stores, and third-party retailers. The firm also operates e-commerce platforms in more than 40 countries. Nearly all its production is outsourced to contract manufacturers in more than 30 countries. Nike was founded in 1964 and is based in Beaverton, Oregon.
Employees: 79,400
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
38% more funds holding in top 10
Funds holding in top 10: 21 [Q2] → 29 (+8) [Q3]
8% more capital invested
Capital invested by funds: $75.7B [Q2] → $82B (+$6.23B) [Q3]
0% less funds holding
Funds holding: 2,161 [Q2] → 2,155 (-6) [Q3]
3% less first-time investments, than exits
New positions opened: 227 | Existing positions closed: 233
4.96% less ownership
Funds ownership: 81.65% [Q2] → 76.69% (-4.96%) [Q3]
27% less call options, than puts
Call options by funds: $3.68B | Put options by funds: $5.03B
30% less repeat investments, than reductions
Existing positions increased: 707 | Existing positions reduced: 1,008
Research analyst outlook
16 Wall Street Analysts provided 1 year price targets over the past 3 months
16 analyst ratings
Stifel Jim Duffy 62% 1-year accuracy 21 / 34 met price target | 3%downside $75 | Hold Maintained | 20 Dec 2024 |
Truist Securities Joseph Civello 79% 1-year accuracy 15 / 19 met price target | 17%upside $90 | Buy Maintained | 20 Dec 2024 |
UBS Jay Sole 69% 1-year accuracy 31 / 45 met price target | 5%downside $73 | Neutral Maintained | 20 Dec 2024 |
Barclays Adrienne Yih 49% 1-year accuracy 46 / 94 met price target | 9%downside $70 | Equal-Weight Maintained | 20 Dec 2024 |
Wells Fargo Ike Boruchow 62% 1-year accuracy 28 / 45 met price target | 17%upside $90 | Overweight Maintained | 20 Dec 2024 |
Financial journalist opinion
Based on 100 articles about NKE published over the past 30 days
