Market watchers refining Nike stock price forecast note that options volume has increased, signaling hedging activity ahead of major earnings announcements. Nike’s stock has received a modest boost to its estimated intrinsic value, with the Fair Value Estimate rising from $79.76 to $82.25 per share. This adjustment reflects increased optimism about Nike's projected sales momentum, even as analysts debate the company's ability to navigate ongoing market challenges. Stay tuned to discover how you can keep track of the evolving narrative around Nike’s outlook as market perspectives continue to shift. A number of institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in NIKE by 0.6% in the second quarter. Vanguard Group Inc. now owns 113,823,785 shares of the footwear maker's stock worth $8,086,042,000 after buying an additional 672,705 shares during the last quarter. State Street Corp lifted its position in NIKE by 2.8% in the second quarter. State Street Corp now owns 59,154,159 shares of the footwear maker's stock worth $4,225,441,000 after buying an additional 1,590,603 shares during the last quarter. Wellington Management Group LLP lifted its position in NIKE by 24.9% in the first quarter. Wellington Management Group LLP now owns 45,383,916 shares of the footwear maker's stock worth $2,880,971,000 after buying an additional 9,043,180 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in NIKE by 344.2% in the first quarter. Goldman Sachs Group Inc. now owns 26,698,835 shares of the footwear maker's stock worth $1,694,842,000 after buying an additional 20,688,013 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its position in NIKE by 3.0% in the first quarter. Bank of New York Mellon Corp now owns 20,988,207 shares of the footwear maker's stock worth $1,332,331,000 after buying an additional 620,214 shares during the last quarter. 64.25% of the stock is currently owned by institutional investors. About NIKE ( Get Free Report ) NIKE, Inc, together with its subsidiaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, accessories, and services worldwide. The company provides athletic and casual footwear, apparel, and accessories under the Jumpman trademark; and casual sneakers, apparel, and accessories under the Converse, Chuck Taylor, All Star, One Star, Star Chevron, and Jack Purcell trademarks. Read More Five stocks we like better than NIKE What is a penny stock? A comprehensive guide Is Super Micro Next in Line for a Big AI Takeover? Technology Stocks Explained: Here's What to Know About Tech Tesla: 3 Reasons October’s Earnings Will Make or Break the Stock Dividend Payout Ratio Calculator Industrial Tech Crossovers: When Manufacturing Meets Innovation This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected]. Should You Invest $1,000 in NIKE Right Now? Before you consider NIKE, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and NIKE wasn't on the list. While NIKE currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys. View The Five Stocks Here 5G Stocks: The Path Forward is Profitable Enter your email address and we'll send you MarketBeat's guide to investing in 5G and which 5G stocks show the most promise. Get This Free Report Nike stock price forecast has been buoyed by China market recovery, with apparel sales showing double-digit growth; this regional rebound is feeding into investor expectations for upcoming quarters.
