NIKE, Inc. $NKE Stock: Ramsay Stattman Vela & Price Inc. Trims Position

Ramsay Stattman Vela & Price Inc. decreased its stake in NIKE, Inc. (NYSE:NKE) by 88.8% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,675 shares of the footwear maker’s stock after selling 53,075 shares during the period. Ramsay Stattman Vela & Price Inc.’s holdings in NIKE were worth $236,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Scarborough Advisors LLC purchased a new position in shares of NIKE in the 1st quarter valued at $25,000. Sankala Group LLC purchased a new stake in NIKE in the fourth quarter valued at $26,000. Meeder Asset Management Inc. lifted its position in NIKE by 108.4% in the first quarter. Meeder Asset Management Inc. now owns 548 shares of the footwear maker’s stock valued at $29,000 after acquiring an additional 285 shares during the last quarter. Atlas Wealth LLC purchased a new stake in NIKE in the first quarter valued at $31,000. Finally, University of Texas Texas AM Investment Management Co. acquired a new position in NIKE in the second quarter valued at $33,000. Institutional investors and hedge funds own 64.25% of the company’s stock.

NIKE News Summary

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: An analyst argues that Nike’s recent product-development weakness is recoverable and that the shares are undervalued after a steep decline from their peak. This provides a potential re-rating catalyst if new products and sales trends improve. Analyst says Nike will recover and shares are undervalued
• Positive Sentiment: Nike’s roughly 4.4% dividend yield and share price well below its historical peak may attract income-oriented and value investors, particularly if the company can stabilize earnings and maintain the payout. Coca-Cola and Nike high-yield dividend comparison
• Neutral Sentiment: Nike was included in recent luxury-goods and apparel-stock watchlists, increasing visibility but offering no new company-specific catalyst or change to its fundamentals. Top Luxury Goods Stocks To Watch Best Apparel Stocks Worth Watching
• Negative Sentiment: Zacks issued a negative forecast for Nike’s earnings, reinforcing concerns about slower demand, product execution and near-term profit growth. This contrasts with the longer-term recovery thesis and may limit upside until earnings estimates improve. Zacks Research Issues Negative Forecast for NIKE Earnings
• Negative Sentiment: A separate dividend comparison favored Coca-Cola over Nike, suggesting investors may view Nike’s higher yield as compensation for greater business and earnings risk rather than as a clear buy signal. Why only one high-yield dividend stock is a buy

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 stock was sold at an average price of $42.05, for a total value of $204,657.35. Following the transaction, the insider owned 57,436 shares in the company, valued at $2,415,183.80. The trade was a 7.81% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, COO Venkatesh Alagirisamy sold 3,671 shares of the company’s stock in a transaction that occurred 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 sale, the chief operating officer directly owned 104,862 shares of the company’s stock, valued at approximately $3,941,762.58. This represents a 3.38% decrease in their ownership of the stock. 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 worth $600,126 over the last three months. 1.10% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on NKE shares. BTIG Research dropped their price objective on NIKE from $55.00 to $50.00 and set a “buy” rating on the stock in a report on Friday, October 2nd. KeyCorp reissued a “sector weight” rating on shares of NIKE in a report on Friday, October 2nd. Wells Fargo & Company set a $30.00 target price on NIKE and gave the company an “equal weight” rating in a report on Friday, October 2nd. Needham & Company LLC reissued a “hold” rating on shares of NIKE in a research report on Friday, October 2nd. Finally, China Renaissance decreased their target price on NIKE from $50.30 to $47.30 and set a “hold” rating for the company in a research report on Thursday, July 2nd. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, twenty-one have issued a Hold rating and ten have assigned a Sell rating to the company’s stock. According to MarketBeat, NIKE currently has a consensus rating of “Reduce” and an average target price of $41.07.

NIKE Stock Up 0.3%

NKE stock opened at $37.22 on Tuesday. The company has a market cap of $55.29 billion, a price-to-earnings ratio of 17.90, a price-to-earnings-growth ratio of 4.19 and a beta of 1.09. The company has a fifty day moving average price of $37.38 and a 200 day moving average price of $41.45. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.07 and a quick ratio of 1.39. NIKE, Inc. has a 12 month low of $31.97 and a 12 month high of $70.44.

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

NIKE Announces Dividend

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