NIKE, Inc. $NKE Shares Sold by Ninety One UK Ltd

Ninety One UK Ltd lessened its stake in NIKE, Inc. (NYSE:NKE) by 77.2% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 88,630 shares of the footwear maker’s stock after selling 300,003 shares during the quarter. Ninety One UK Ltd’s holdings in NIKE were worth $3,138,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in the stock. Turtle Creek Wealth Advisors LLC lifted its holdings in NIKE by 95.4% during the third quarter. Turtle Creek Wealth Advisors LLC now owns 9,780 shares of the footwear maker’s stock valued at $346,000 after purchasing an additional 4,776 shares in the last quarter. Fort Washington Investment Advisors Inc. OH grew its position in shares of NIKE by 0.9% in the third quarter. Fort Washington Investment Advisors Inc. OH now owns 848,687 shares of the footwear maker’s stock valued at $30,044,000 after purchasing an additional 7,249 shares during the period. B.A. Schrock Wealth Management Inc. purchased a new stake in shares of NIKE during the third quarter worth about $1,153,000. Mitchell & Pahl Private Wealth LLC increased its stake in shares of NIKE by 16.6% during the third quarter. Mitchell & Pahl Private Wealth LLC now owns 35,677 shares of the footwear maker’s stock worth $1,263,000 after purchasing an additional 5,075 shares in the last quarter. Finally, Sanders Morris Harris LLC purchased a new stake in shares of NIKE during the third quarter worth about $2,869,000. 64.25% of the stock is currently owned by institutional investors and hedge funds.

NIKE Trading Up 5.3%

Shares of NKE opened at $37.19 on Friday. NIKE, Inc. has a 52-week low of $31.97 and a 52-week high of $70.44. The company has a quick ratio of 1.39, a current ratio of 2.07 and a debt-to-equity ratio of 0.39. The firm’s fifty day moving average is $37.57 and its two-hundred day moving average is $41.65. The stock has a market cap of $55.23 billion, a PE ratio of 17.88, a price-to-earnings-growth ratio of 3.99 and a beta of 1.09.

NIKE (NYSE:NKE) last released its earnings results on Thursday, October 1st. The footwear maker reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.05. The business had revenue of $11.21 billion during the quarter, compared to analyst estimates of $11.32 billion. NIKE had a net margin of 6.74% and a return on equity of 15.94%. The company’s revenue for the quarter was down 4.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.49 earnings per share. NIKE has set its FY 2027 guidance at 1.150-1.350 EPS. Research analysts forecast that NIKE, Inc. will post 1.26 earnings per share for the current fiscal year.

NIKE Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Investors of record on Tuesday, September 1st were given a dividend of $0.41 per share. The ex-dividend date was Tuesday, September 1st. This represents a $1.64 dividend on an annualized basis and a yield of 4.4%. NIKE’s payout ratio is presently 78.85%.

NIKE News Roundup

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: Investors seeking value boosted heavily sold consumer stocks, including Nike, as concerns about excessive AI spending prompted a shift away from technology shares. These Consumer Stocks Are Getting a Lift as Investors Rotate Out of Tech
• Positive Sentiment: Options activity was unusually strong, with traders purchasing approximately 181,646 NKE call options—about 27% above average volume—signaling increased bullish speculation, although it does not guarantee lasting gains.
• Neutral Sentiment: Recent commentary highlights Nike’s potential appeal as a turnaround and value investment after its steep decline, while noting that management still has to execute on its recovery strategy. Investigating one stock at a time before buying: Nike
• Negative Sentiment: Nike’s fundamental outlook remains challenging. Recent quarterly revenue declined 4.3% year over year to $11.21 billion, while Greater China sales reportedly fell 22%; management is also restructuring as sales weaken and costs rise. Nike Is Restructuring the Business
• Negative Sentiment: Investors face longer-term risks to income and valuation: Nike’s free cash flow may no longer fully cover its dividend, raising concerns ahead of the next dividend announcement after 24 consecutive years of increases. Nike Has Raised Its Dividend for 24 Straight Years

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on NKE shares. UBS Group restated a “neutral” rating and set a $34.00 price target (down from $42.00) on shares of NIKE in a research report on Friday, October 2nd. Telsey Advisory Group set a $35.00 price objective on NIKE and gave the stock a “market perform” rating in a report on Friday, October 2nd. Freedom Broker upgraded NIKE from a “hold” rating to a “buy” rating and cut their price objective for the stock from $54.00 to $51.00 in a research note on Friday, October 2nd. Oppenheimer set a $52.00 price objective on NIKE and gave the stock an “outperform” rating in a research note on Wednesday, September 23rd. Finally, Williams Trading cut NIKE from a “strong-buy” rating to a “hold” rating in a report on Friday, October 2nd. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, twenty-one have issued a Hold rating and ten have assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus target price of $41.07.

Insider Buying and Selling at NIKE

In related news, insider Amy Montagne sold 4,867 shares of the business’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $42.05, for a total transaction of $204,657.35. Following the transaction, the insider directly owned 57,436 shares in the company, valued at approximately $2,415,183.80. The trade was a 7.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Matthew Friend sold 2,463 shares of the company’s stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $41.60, for a total transaction of $102,460.80. Following the sale, the chief financial officer directly owned 82,165 shares of the company’s stock, valued at approximately $3,418,064. This represents a 2.91% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 14,974 shares of company stock valued at $600,126. Insiders own 1.10% of the company’s stock.

NIKE Profile

NIKE, Inc is a global sportswear company that designs, develops, markets and sells athletic footwear, apparel, equipment, accessories and related services. Its products are marketed under the NIKE, Jordan and Converse brands and are used across a broad range of sports and lifestyle activities, including running, basketball, football, training and outdoor pursuits.

The company distributes its products through a combination of wholesale partners, NIKE-owned retail stores and digital platforms.