5 Companies that are Buying Back Their Stock in 2022

3. NIKE, Inc. (NYSE:NKE)

Stock Buyback Amount: $18,000,000,000

Number of Hedge Fund Holders: 72

NIKE, Inc. (NYSE:NKE) is a footwear company providing athletic and casual footwear, apparel, and accessories. It is based in Beaverton, Oregon.

An Outperform rating as reiterated on NIKE, Inc. (NYSE:NKE) shares by analyst John Kernan on September 12. The analyst also placed a $124 price target on the stock.

NIKE, Inc. (NYSE:NKE) has authorized a share repurchase program of $18 billion, covering 11% of its shares, this June. The program is meant to span over four years, and is replacing the company’s previous share repurchase program of $15 billion, meant to end in 2023.

NIKE, Inc. (NYSE:NKE) had 72 hedge funds long its stock in the second quarter. Their total stake value was $3.3 billion.