Patten & Patten Inc. TN Grows Stake in NIKE, Inc. $NKE

Patten & Patten Inc. TN raised its position in shares of NIKE, Inc. (NYSE:NKE) by 27.1% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 43,486 shares of the footwear maker’s stock after purchasing an additional 9,274 shares during the quarter. Patten & Patten Inc. TN’s holdings in NIKE were worth $3,032,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of NKE. Brighton Jones LLC raised its holdings in shares of NIKE by 388.5% during the fourth quarter. Brighton Jones LLC now owns 202,411 shares of the footwear maker’s stock valued at $15,316,000 after purchasing an additional 160,980 shares during the last quarter. Caxton Associates LLP purchased a new stake in NIKE during the first quarter valued at $311,000. McAdam LLC increased its position in NIKE by 10.9% during the second quarter. McAdam LLC now owns 4,523 shares of the footwear maker’s stock valued at $321,000 after acquiring an additional 443 shares during the last quarter. American National Bank & Trust lifted its holdings in NIKE by 19.3% in the second quarter. American National Bank & Trust now owns 6,861 shares of the footwear maker’s stock valued at $487,000 after acquiring an additional 1,110 shares during the period. Finally, ST Germain D J Co. Inc. boosted its position in NIKE by 6.4% in the second quarter. ST Germain D J Co. Inc. now owns 15,599 shares of the footwear maker’s stock worth $1,108,000 after purchasing an additional 935 shares during the last quarter. Institutional investors own 64.25% of the company’s stock.

NIKE Price Performance

Shares of NYSE:NKE opened at $64.97 on Friday. The company has a market capitalization of $96.19 billion, a P/E ratio of 38.22, a P/E/G ratio of 3.36 and a beta of 1.28. NIKE, Inc. has a 1-year low of $52.28 and a 1-year high of $82.44. The firm’s 50 day simple moving average is $63.91 and its two-hundred day simple moving average is $69.02. 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 (NYSE:NKE) last announced its quarterly earnings data on Thursday, December 18th. The footwear maker reported $0.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.16. The firm had revenue of $12.43 billion during the quarter, compared to analysts’ expectations of $12.19 billion. NIKE had a net margin of 5.43% and a return on equity of 18.43%. The company’s revenue for the quarter was up .6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.78 earnings per share. Research analysts expect that NIKE, Inc. will post 2.05 EPS for the current fiscal year.

NIKE Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 2nd. Shareholders of record on Monday, December 1st were issued a dividend of $0.41 per share. This is a boost from NIKE’s previous quarterly dividend of $0.40. This represents a $1.64 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend was Monday, December 1st. NIKE’s payout ratio is 96.47%.

More NIKE News

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: Investors are revising expectations for NIKE’s strategic turnaround after coverage describing the company’s “Win Now” overhaul — management actions (store, inventory and go‑to‑market changes) are being framed as improving growth and margin visibility. This story supports a constructive view on execution improving near‑term results. How Nike’s “Win Now” Overhaul At NIKE (NKE) Has Changed Its Investment Story
• Positive Sentiment: Distribution expansion: DoorDash’s partnership to sell footwear/apparel through ~1,000 Hibbett stores increases Nike’s omnichannel reach and could boost sales convenience and liquidate slow inventory — a tangible channel tailwind if adoption scales. DoorDash Taps 1,000 Hibbett Stores In Push For Instant Retail
• Neutral Sentiment: KeyCorp lowered its price target (from $90 to $75) but kept an overweight rating — that reduces upside expectations versus prior targets but still signals analyst confidence in mid‑term recovery; this is a mixed catalyst for the stock. Nike price target lowered by KeyCorp
• Neutral Sentiment: Analyst roundups and valuation pieces note NIKE’s premium multiple and recent trading volatility — helpful context for investors but not an immediate directional catalyst. Analysts Offer Insights on Consumer Cyclical Companies: Nike (NKE)
• Neutral Sentiment: Personal‑finance pieces showing how large a position you’d need for a target dividend (and Dogs of the Dow lists) raise investor interest in yield but don’t change NIKE’s payout profile materially. These stories can attract income‑seeking flow but are not fundamental drivers. How much to invest in Nike stock for $1,000 in annual dividends (2026)
• Neutral Sentiment: Valuation/coverage articles highlighting recent choppiness and a valuation premium may weigh on sentiment if results don’t accelerate, but they largely restate current market positioning. Evaluating Nike (NKE) Shares As Recent Trading Choppiness Highlights Valuation Premium
• Negative Sentiment: Bearish analysis warns NIKE has “too little room for error” — high expectations and a premium multiple mean small execution misses could pressure earnings and the stock. This type of critique can amplify selling if subsequent guidance disappoints. Nike: Too Little Room For Error
• Negative Sentiment: Opinion pieces questioning whether NIKE will regain its former outperformance highlight multi‑year investor losses and structural concerns, which may keep sentiment cautious and limit a sustained rally until clearer evidence of durable growth appears. Will Nike Stock Ever Be a Winner Again?

Insiders Place Their Bets

In other NIKE news, Director Jorgen Vig Knudstorp acquired 16,150 shares of the company’s stock in a transaction dated Friday, November 7th. The stock was purchased at an average price of $62.09 per share, with a total value of $1,002,753.50. Following the completion of the purchase, the director directly owned 21,388 shares in the company, valued at approximately $1,327,980.92. The trade was a 308.32% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Elliott Hill bought 16,388 shares of the business’s stock in a transaction that occurred on Monday, December 29th. The shares were acquired at an average price of $61.10 per share, with a total value of $1,001,306.80. Following the transaction, the chief executive officer directly owned 241,587 shares of the company’s stock, valued at $14,760,965.70. This represents a 7.28% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders bought 91,229 shares of company stock valued at $5,452,640. Insiders own 0.80% of the company’s stock.

Wall Street Analysts Forecast Growth

NKE has been the subject of several research reports. Sanford C. Bernstein reaffirmed a “buy” rating and set a $85.00 price target on shares of NIKE in a research report on Tuesday, January 6th. JPMorgan Chase & Co. cut their target price on shares of NIKE from $100.00 to $86.00 and set a “buy” rating for the company in a research report on Monday, November 17th. Morgan Stanley set a $72.00 target price on shares of NIKE and gave the company a “positive” rating in a report on Wednesday, October 1st. Oppenheimer reiterated an “outperform” rating on shares of NIKE in a research report on Wednesday, December 17th. Finally, KeyCorp dropped their price target on shares of NIKE from $90.00 to $75.00 and set an “overweight” rating on the stock in a research note on Thursday. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, twelve have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $74.65.

NIKE 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).