NikeNKE
Market Cap: $118B
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 Q2 SEC filings by fund managers ($100M+ AUM)
5% more funds holding in top 10
Funds holding in top 10: 20 [Q1] → 21 (+1) [Q2]
0.69% less ownership
Funds ownership: 80.53% [Q1] → 79.84% (-0.69%) [Q2]
5% less call options, than puts
Call options by funds: $3.46B | Put options by funds: $3.62B
7% less funds holding
Funds holding: 2,291 [Q1] → 2,142 (-149) [Q2]
14% less repeat investments, than reductions
Existing positions increased: 805 | Existing positions reduced: 936
20% less capital invested
Capital invested by funds: $92.2B [Q1] → $74.1B (-$18.1B) [Q2]
49% less first-time investments, than exits
New positions opened: 153 | Existing positions closed: 302
Research analyst outlook
32 Wall Street Analysts provided 1 year price targets over the past 3 months
32 analyst ratings
Stifel Jim Duffy 59% 1-year accuracy 23 / 39 met price target | 0%downside $79 | Hold Maintained | 26 Aug 2024 |
Piper Sandler Anna Andreeva 50% 1-year accuracy 23 / 46 met price target | 1%upside $80 | Neutral Assumed | 23 Aug 2024 |
Williams Trading Sam Poser 42% 1-year accuracy 5 / 12 met price target | 18%upside $93 | Buy Upgraded | 16 Aug 2024 |
TD Cowen John Kernan 47% 1-year accuracy 20 / 43 met price target | 10%downside $71 | Hold Maintained | 25 Jul 2024 |
RBC Capital Piral Dadhania 0% 1-year accuracy 0 / 2 met price target | 5%downside $75 | Sector Perform Maintained | 3 Jul 2024 |
Financial journalist opinion
Based on 103 articles about NKE published over the past 30 days