NIKE, Inc. $NKE Stock: Schaper Benz & Wise Investment Counsel Inc. WI Raises Holdings

Schaper Benz & Wise Investment Counsel Inc. WI lifted its stake in shares of NIKE, Inc. (NYSE:NKE) by 14.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 224,419 shares of the footwear maker’s stock after purchasing an additional 27,972 shares during the quarter. Schaper Benz & Wise Investment Counsel Inc. WI’s holdings in NIKE were worth $7,944,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Cornerstone Financial Management LLC acquired a new position in NIKE during the 4th quarter valued at approximately $26,000. Sankala Group LLC acquired a new stake in NIKE in the fourth quarter worth $26,000. Scarborough Advisors LLC acquired a new stake in NIKE in the first quarter worth $25,000. Meeder Asset Management Inc. lifted its stake 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 buying an additional 285 shares during the last quarter. Finally, Atlas Wealth LLC bought a new stake in NIKE in the first quarter valued at $31,000. Institutional investors own 64.25% of the company’s stock.

Insider Activity

In other NIKE news, EVP Philip McCartney sold 2,559 shares of the firm’s stock in a transaction dated Wednesday, September 9th. The shares were sold at an average price of $37.59, for a total value of $96,192.81. Following the completion of the transaction, the executive vice president directly owned 78,121 shares in the company, valued at $2,936,568.39. This trade represents a 3.17% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Venkatesh Alagirisamy sold 3,671 shares of NIKE stock in a transaction that occurred on Wednesday, September 9th. The stock was sold at an average price of $37.59, for a total transaction of $137,992.89. Following the completion of the transaction, the chief operating officer directly owned 104,862 shares in the company, valued at approximately $3,941,762.58. This trade represents a 3.38% decrease in their ownership of the stock. 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. Insiders sold a total of 14,974 shares of company stock valued at $600,126 over the last ninety days. Corporate insiders own 1.10% of the company’s stock.

NIKE Stock Performance

Shares of NKE opened at $34.74 on Friday. The stock has a market capitalization of $51.53 billion, a P/E ratio of 16.70, a P/E/G ratio of 3.05 and a beta of 1.09. NIKE, Inc. has a 12-month low of $31.97 and a 12-month high of $70.44. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.07 and a quick ratio of 1.39. The firm’s 50 day moving average is $38.08 and its 200-day moving average is $42.20.

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

NIKE Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Tuesday, September 1st were issued a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 4.7%. The ex-dividend date was Tuesday, September 1st. NIKE’s payout ratio is presently 78.85%.

Wall Street Analysts Forecast Growth

NKE has been the subject of several recent research reports. BTIG Research lowered their price target on shares of NIKE from $55.00 to $50.00 and set a “buy” rating for the company in a research report on Friday, October 2nd. DZ Bank cut shares of NIKE from a “strong-buy” rating to a “strong sell” rating in a research report on Friday, October 2nd. Citigroup cut their price target on NIKE from $39.00 to $32.00 and set a “neutral” rating on the stock in a report on Friday, October 2nd. Raymond James Financial reissued a “market perform” rating on shares of NIKE in a report on Tuesday, September 29th. Finally, Weiss Ratings downgraded NIKE from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, twenty-one have given a Hold rating and ten have given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Reduce” and an average price target of $41.07.

Trending Headlines about NIKE

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: NIKE reported fiscal first-quarter adjusted earnings of $0.48 per share, exceeding the $0.43 analyst consensus. Management is also pursuing growth initiatives, including a possible return to Formula 1 sponsorships in 2027. NIKE’s Shares Fall More Than 2% Post Q1 Earnings: What’s Ahead? Nike Eyes Bringing the Swoosh Back to Formula 1
• Neutral Sentiment: Heavy investor search interest and inclusion on apparel-stock watchlists may increase visibility, but these items do not indicate a change in NIKE’s fundamentals. Investors Heavily Search NIKE Apparel Stocks To Add to Your Watchlist
• Negative Sentiment: Revenue was $11.21 billion, below the $11.32 billion consensus and down 4.3% year over year. The earnings beat therefore came alongside weakening demand, while fiscal 2027 EPS guidance of $1.15 to $1.35 suggests a prolonged recovery.
• Negative Sentiment: Greater China remains a major concern, with falling sales and limited visibility after NIKE reorganized its regional reporting and provided less detailed China and comparable-store-sales data. Investors may view the reduced disclosure as an additional transparency risk. Why Is Nike Giving Investors Less Insight Into China Sales?
• Negative Sentiment: Analysts and commentators continue to describe NIKE’s turnaround as lengthy, citing China pressure, declining revenue and a sales forecast that could signal further weakness. Some argue the stock is not yet attractive despite trading far below its all-time high. Nike Has a Long Turnaround Ahead One Reason to Still Avoid Nike
• Negative Sentiment: Fiscal 2027 projected earnings may fall below the company’s dividend obligation, raising questions about payout coverage even though management has backed the dividend. Nike Guided Earnings Below Its Dividend

About NIKE

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.