Heritage Investors Management Corp Sells 48,767 Shares of NIKE, Inc. $NKE

Heritage Investors Management Corp cut its holdings in shares of NIKE, Inc. (NYSE:NKE) by 16.8% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 242,151 shares of the footwear maker’s stock after selling 48,767 shares during the quarter. Heritage Investors Management Corp’s holdings in NIKE were worth $8,572,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in NKE. FAS Wealth Partners Inc. grew its position in shares of NIKE by 4.2% during the first quarter. FAS Wealth Partners Inc. now owns 6,109 shares of the footwear maker’s stock worth $323,000 after purchasing an additional 249 shares in the last quarter. Elevation Wealth Partners LLC raised its stake in NIKE by 34.6% during the 2nd quarter. Elevation Wealth Partners LLC now owns 989 shares of the footwear maker’s stock valued at $41,000 after purchasing an additional 254 shares during the period. Midwest Professional Planners LTD. lifted its holdings in NIKE by 1.5% in the 1st quarter. Midwest Professional Planners LTD. now owns 17,904 shares of the footwear maker’s stock worth $946,000 after purchasing an additional 266 shares in the last quarter. Advance Capital Management Inc. boosted its stake in NIKE by 7.1% in the 1st quarter. Advance Capital Management Inc. now owns 4,203 shares of the footwear maker’s stock worth $222,000 after purchasing an additional 279 shares during the period. Finally, Elmwood Wealth Management Inc. boosted its stake in NIKE by 2.7% in the 2nd quarter. Elmwood Wealth Management Inc. now owns 10,666 shares of the footwear maker’s stock worth $438,000 after purchasing an additional 279 shares during the period. 64.25% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at NIKE

In related news, COO Venkatesh Alagirisamy sold 3,671 shares of the firm’s stock in a transaction on Wednesday, September 9th. The shares were sold at an average price of $37.59, for a total value of $137,992.89. Following the completion of the transaction, the chief operating officer directly owned 104,862 shares of the company’s stock, valued at approximately $3,941,762.58. This trade represents a 3.38% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Matthew Friend sold 2,463 shares of the business’s stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $41.60, for a total transaction of $102,460.80. Following the completion of the sale, the chief financial officer owned 82,165 shares in the company, valued at $3,418,064. This represents a 2.91% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 14,974 shares of company stock valued at $600,126 over the last quarter. 1.10% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Wolfe Research initiated coverage on shares of NIKE in a report on Wednesday, October 21st. They set an “underperform” rating and a $28.00 price objective for the company. Robert W. Baird lowered their target price on shares of NIKE from $44.00 to $36.00 and set a “neutral” rating on the stock in a report on Friday, October 2nd. Truist Financial set a $29.00 target price on shares of NIKE and gave the stock a “hold” rating in a report on Friday, October 2nd. Telsey Advisory Group set a $35.00 target price on shares of NIKE and gave the stock a “market perform” rating in a research report on Friday, October 2nd. Finally, Bank of America reaffirmed an “underperform” rating and set a $24.00 target price (down from $30.00) on shares of NIKE in a research note on Friday, October 2nd. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, twenty-one have given a Hold rating and eleven have assigned a Sell rating to the stock. According to data from MarketBeat, NIKE currently has an average rating of “Reduce” and an average target price of $40.93.

Key Headlines Impacting NIKE

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: Bernstein maintains a Buy rating. The continued bullish stance provides support for NKE, with the firm apparently viewing the current selloff and valuation reset as an opportunity. Bernstein Sticks to Its Buy Rating for Nike
• Positive Sentiment: NIKE is expanding its India strategy with the Vegam Run shoe. The company is targeting India’s growing running market as a potential new growth engine, which could help diversify its business and offset weakness in China. Nike deepens India push with new running shoe
• Neutral Sentiment: Analyst opinion remains unusually split. Recent price-target changes range from cuts into the mid-$20s to upgrades toward $50, producing a modest fair-value reduction overall. The disagreement reflects both bargain-hunting interest and limited visibility on a return to sustainable growth. Nike Stock Sees Modest Fair Value Cut As Analysts Stay Split
• Neutral Sentiment: Competitive comparisons remain unfavorable. NKE gained in recent sessions but underperformed several apparel and footwear peers, keeping attention on whether rivals such as HOKA, UGG and On can capture more category growth. Nike stock underperforms competitors
• Negative Sentiment: The turnaround is taking longer than expected. Portfolio commentary points to prolonged recovery timelines, increasing pressure on investors to reassess their holdings and wait for clearer evidence of renewed growth. Prolonged Turnaround Timelines Prompt Portfolio Realignment
• Negative Sentiment: Long-term shareholder returns have lagged. A $1,000 investment in NKE ten years ago would reportedly be worth only $853 including dividends, highlighting the stock’s weak performance and the market’s skepticism about management’s ability to restore its former momentum. Nike ten-year investment performance
• Negative Sentiment: China weakness remains a major risk. Declining Chinese sales and weak revenue are limiting confidence in the recovery, while a reported consensus price-target reduction reinforces concerns about valuation and near-term execution. Nike unveils Vegam Run amid China sales slump

NIKE Price Performance

Shares of NIKE stock opened at $38.68 on Monday. The stock has a 50 day moving average of $36.94 and a 200 day moving average of $46.27. NIKE, Inc. has a 12 month low of $31.97 and a 12 month high of $69.14. The firm has a market cap of $57.45 billion, a PE ratio of 18.60, a PEG ratio of 4.52 and a beta of 1.01. The company has a current ratio of 2.07, a quick ratio of 1.39 and a debt-to-equity ratio of 0.39.

NIKE (NYSE:NKE) last released its quarterly earnings results on Thursday, October 1st. The footwear maker reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.05. NIKE had a return on equity of 15.94% and a net margin of 6.74%. The business had revenue of $11.21 billion during the quarter, compared to analysts’ expectations of $11.32 billion. During the same quarter last year, the business posted $0.49 EPS. The firm’s revenue for the quarter was down 4.3% compared to the same quarter last year. NIKE has set its FY 2027 guidance at 1.150-1.350 EPS. On average, research analysts expect that NIKE, Inc. will post 1.22 EPS for the current fiscal year.

NIKE Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Stockholders of record on Tuesday, September 1st were given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date was Tuesday, September 1st. NIKE’s dividend payout ratio is currently 78.85%.

About NIKE

NIKE, Inc is a global athletic footwear, apparel, equipment and accessories company headquartered near Beaverton, Oregon. The company designs, develops, markets and sells products under the Nike, Jordan and Converse brands, serving athletes and consumers across a broad range of sports and lifestyle categories.

NIKE’s product portfolio includes athletic and casual footwear, performance and lifestyle apparel, sports equipment, accessories and digital fitness-related offerings. The company distributes its products through company-owned retail stores, digital platforms and wholesale partners, while also operating direct-to-consumer and membership programs.

The company traces its origins to 1964, when Phil Knight and Bill Bowerman founded Blue Ribbon Sports.