NIKE stock is trading -12.5% below its average target price of $86.48 after marking a 1.4% during today's morning session. Analysts are giving the Large-Cap Footwear & Accessories company an average rating of buy and target prices ranging from $50.0 to $120.0 per share.
NIKE's short interest — meaning the percentage of the share float that is being shorted — is lower than average at 2.7%. The stock's short ratio is 2.36. The company's insiders own 1.7% of its outstanding shares, which indicates a strong alignment between management and shareholder interests.
Another number to watch is the company's rate of institutional share ownership, which now stands at 81.8%. In conclusion, we believe there is positive market sentiment regarding NIKE.
Institutions Invested in NIKE
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2024-09-30 | Vanguard Group Inc | 9% | 110,521,756 | $8,363,181,074 |
| 2024-09-30 | Blackrock Inc. | 8% | 92,225,372 | $6,978,693,730 |
| 2024-09-30 | State Street Corporation | 5% | 57,916,789 | $4,382,563,317 |
| 2024-09-30 | Wellington Management Group, LLP | 2% | 27,442,145 | $2,076,547,061 |
| 2024-09-30 | Geode Capital Management, LLC | 2% | 25,029,380 | $1,893,973,138 |
| 2024-09-30 | Capital World Investors | 2% | 22,257,310 | $1,684,210,606 |
| 2024-09-30 | Morgan Stanley | 2% | 19,786,145 | $1,497,217,555 |
| 2024-09-30 | Bank Of New York Mellon Corporation | 1% | 17,246,064 | $1,305,009,631 |
| 2024-09-30 | Capital International Investors | 1% | 17,239,101 | $1,304,482,741 |
| 2024-09-30 | Pershing Square Capital Management, L.P. | 1% | 16,280,338 | $1,231,933,146 |
