Van Eck Associates raised its Nike stake to 0.33% as Nike reports Q3 EPS of $0.70 amid revenue decline.

Van Eck Associates Corp. increased its stake in Nike Inc. by 15.1%, now owning about 0.33% valued at $431.89 million. Other institutional investors also raised their positions. Nike reported a Q3 EPS of $0.70, exceeding estimates, despite a 10.4% revenue decline to $11.59 billion. Chairman Mark Parker sold 52,487 shares for approximately $4.09 million. Analysts maintain a "Moderate Buy" rating with varying target prices.

November 03, 2024
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