Skylands Capital LLC bought a new position in shares of NIKE, Inc. (NYSE:NKE – Free Report) during the 3rd quarter, Holdings Channel reports. The fund bought 57,600 shares of the footwear maker’s stock, valued at approximately $2,039,000.
Other institutional investors and hedge funds have also made changes to their positions in the company. FAS Wealth Partners Inc. increased its holdings in shares of NIKE by 4.2% in the 1st quarter. FAS Wealth Partners Inc. now owns 6,109 shares of the footwear maker’s stock valued at $323,000 after purchasing an additional 249 shares in the last quarter. Elevation Wealth Partners LLC boosted its holdings in NIKE by 34.6% during the second quarter. Elevation Wealth Partners LLC now owns 989 shares of the footwear maker’s stock worth $41,000 after buying an additional 254 shares in the last quarter. Midwest Professional Planners LTD. boosted its holdings in NIKE by 1.5% during the first quarter. Midwest Professional Planners LTD. now owns 17,904 shares of the footwear maker’s stock worth $946,000 after buying an additional 266 shares in the last quarter. Advance Capital Management Inc. boosted its holdings in NIKE by 7.1% during the first quarter. Advance Capital Management Inc. now owns 4,203 shares of the footwear maker’s stock worth $222,000 after buying an additional 279 shares in the last quarter. Finally, Elmwood Wealth Management Inc. grew its position in NIKE by 2.7% during the second quarter. Elmwood Wealth Management Inc. now owns 10,666 shares of the footwear maker’s stock worth $438,000 after buying an additional 279 shares during the period. 64.25% of the stock is owned by institutional investors and hedge funds.
NIKE Stock Performance
NYSE:NKE opened at $37.51 on Thursday. The company has a current ratio of 2.07, a quick ratio of 1.39 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $55.72 billion, a P/E ratio of 18.04, a price-to-earnings-growth ratio of 4.44 and a beta of 1.09. The firm has a 50-day moving average price of $37.25 and a two-hundred day moving average price of $41.35. NIKE, Inc. has a twelve month low of $31.97 and a twelve month high of $70.44.
NIKE (NYSE:NKE – Get Free Report) last announced its quarterly earnings results on Thursday, October 1st. The footwear maker reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.05. The company had revenue of $11.21 billion for the quarter, compared to the consensus estimate 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. As a group, research analysts expect that NIKE, Inc. will post 1.22 earnings per share for the current fiscal year.
NIKE Announces Dividend
The business also recently disclosed 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. This represents a $1.64 annualized dividend and a dividend yield of 4.4%. The ex-dividend date was Tuesday, September 1st. NIKE’s payout ratio is currently 78.85%.
Insider Buying and Selling
In related news, 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 $3,941,762.58. The trade was a 3.38% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Amy Montagne sold 4,867 shares of the company’s stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $42.05, for a total value of $204,657.35. Following the completion of the sale, 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 position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 14,974 shares of company stock valued at $600,126. 1.10% of the stock is currently owned by company insiders.
Key Headlines Impacting NIKE
Here are the key news stories impacting NIKE this week:
- Positive Sentiment: Valuation and income appeal are attracting some investor interest. NIKE trades at roughly 18 times earnings, below the broader market’s multiple, while its dividend yield is approximately 4.4% after the stock’s sharp decline. Historical seasonality could also support a potential November recovery. Nike Now Yields More Than Procter & Gamble and Twice as Much as Coca-Cola
- Positive Sentiment: The average brokerage price target is about $41.07, modestly above recent trading levels, suggesting analysts see some recovery potential if management can execute its product and portfolio reset. NIKE Stock Has Average Price Target of $41.07
- Neutral Sentiment: NIKE retains a powerful global brand, extensive digital reach and a broad product portfolio. However, investors are weighing those strengths against the more defensive positioning of steadier consumer companies such as Procter & Gamble. Nike vs. Procter & Gamble
- Negative Sentiment: The core turnaround remains under pressure: management expects fiscal 2027 sales to decline, while stagnant demand, weak product momentum and intense competition have limited visibility into a recovery. Restructuring and layoffs may reduce costs, but they also highlight the scale of the turnaround challenge. Nike Restructuring and Layoffs
- Negative Sentiment: Zacks Research issued a “Strong Sell” rating and cut EPS estimates across fiscal 2027–2029, including reducing fiscal 2027 EPS from $1.69 to $1.26 and fiscal 2029 EPS from $2.56 to $2.00. These revisions reinforce concerns that earnings recovery may take longer than expected. NIKE Analyst Estimates
Wall Street Analyst Weigh In
A number of research analysts have issued reports on the stock. Morgan Stanley set a $27.00 target price on shares of NIKE and gave the company an “underweight” rating in a report on Friday, October 2nd. KeyCorp reissued a “sector weight” rating on shares of NIKE in a research note on Friday, October 2nd. Berenberg Bank set a $27.50 price target on NIKE and gave the stock a “sell” rating in a report on Tuesday, October 6th. Royal Bank Of Canada lowered their price target on NIKE from $45.00 to $40.00 and set a “sector perform” rating on the stock in a report on Tuesday, September 29th. Finally, Wells Fargo & Company set a $30.00 price objective on NIKE and gave the company an “equal weight” rating in a research note on Friday, October 2nd. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, twenty-one have assigned a Hold rating and eleven have assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Reduce” and an average target price of $41.07.
Check Out Our Latest Stock Analysis on NIKE
NIKE Profile
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.
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