NIKE, Inc. $NKE Stake Cut by Ninety One UK Ltd

Ninety One UK Ltd cut its stake in NIKE, Inc. (NYSE:NKE) by 77.2% in the third quarter, Holdings Channel reports. The fund owned 88,630 shares of the footwear maker’s stock after selling 300,003 shares during the period. Ninety One UK Ltd’s holdings in NIKE were worth $3,138,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. OneDigital Investment Advisors LLC raised its holdings in NIKE by 32.8% in the 2nd quarter. OneDigital Investment Advisors LLC now owns 244,296 shares of the footwear maker’s stock valued at $10,028,000 after buying an additional 60,375 shares during the period. Douglas Lane & Associates LLC lifted its position in NIKE by 57.7% in the third quarter. Douglas Lane & Associates LLC now owns 1,521,611 shares of the footwear maker’s stock valued at $53,865,000 after buying an additional 556,798 shares during the last quarter. B.A. Schrock Wealth Management Inc. acquired a new position in NIKE in the third quarter valued at about $1,153,000. Quantitative Investment Management LLC purchased a new position in NIKE during the second quarter worth about $2,459,000. Finally, Deutsche Bank AG boosted its stake in NIKE by 8.0% during the second quarter. Deutsche Bank AG now owns 3,566,634 shares of the footwear maker’s stock worth $146,410,000 after buying an additional 264,576 shares during the period. 64.25% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

NKE has been the subject of a number of recent analyst reports. HSBC dropped their price target on shares of NIKE from $48.00 to $40.00 and set a “hold” rating for the company in a research report on Monday, September 28th. CICC Research decreased their price objective on shares of NIKE from $58.00 to $44.80 and set a “neutral” rating on the stock in a report on Thursday, July 2nd. Evercore decreased their price objective on shares of NIKE from $46.00 to $28.00 in a report on Monday, September 28th. DZ Bank cut shares of NIKE from a “strong-buy” rating to a “strong sell” rating in a research report on Friday, October 2nd. Finally, Robert W. Baird lowered their price objective on shares of NIKE from $44.00 to $36.00 and set a “neutral” rating for the company in a research report on Friday, October 2nd. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, twenty-one have assigned a Hold rating and ten have given a Sell rating to the company. According to MarketBeat, NIKE presently has a consensus rating of “Reduce” and an average target price of $41.07.

Insider Buying and Selling at NIKE

In other news, insider Amy Montagne sold 4,867 shares of the firm’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 transaction, the insider owned 57,436 shares of the company’s stock, valued at approximately $2,415,183.80. This trade represents a 7.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Philip McCartney sold 2,559 shares of the firm’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 transaction of $96,192.81. Following the completion of the transaction, the executive vice president directly owned 78,121 shares of the company’s stock, valued at approximately $2,936,568.39. The trade was a 3.17% 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. Insiders have sold 14,974 shares of company stock valued at $600,126 over the last three months. 1.10% of the stock is currently owned by company insiders.

NIKE Price Performance

NKE stock opened at $37.19 on Friday. The business’s fifty day moving average price is $37.57 and its 200 day moving average price is $41.65. NIKE, Inc. has a 12-month low of $31.97 and a 12-month high of $70.44. 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 $55.23 billion, a PE ratio of 17.88, a P/E/G ratio of 3.99 and a beta of 1.09.

NIKE (NYSE:NKE) last announced its earnings results on Thursday, October 1st. The footwear maker reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.05. NIKE had a return on equity of 15.94% and a net margin of 6.74%. The company had revenue of $11.21 billion during the quarter, compared to analysts’ expectations of $11.32 billion. During the same period last year, the business posted $0.49 EPS. NIKE’s revenue for the quarter was down 4.3% on a year-over-year basis. NIKE has set its FY 2027 guidance at 1.150-1.350 EPS. On average, sell-side analysts anticipate that NIKE, Inc. will post 1.26 EPS for the current year.

NIKE Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Tuesday, September 1st were paid 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 dividend payout ratio is 78.85%.

More NIKE News

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

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.