Inlet Private Wealth LLC Buys 37,685 Shares of NIKE, Inc. $NKE

Inlet Private Wealth LLC purchased a new position in shares of NIKE, Inc. (NYSE:NKE) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 37,685 shares of the footwear maker’s stock, valued at approximately $1,334,000.

Several other institutional investors and hedge funds also recently modified their holdings of NKE. State Street Corp increased its holdings in shares of NIKE by 6.8% during the second quarter. State Street Corp now owns 63,598,789 shares of the footwear maker’s stock valued at $2,636,104,000 after purchasing an additional 4,052,428 shares during the period. Flossbach Von Storch SE bought a new stake in shares of NIKE during the second quarter valued at about $488,714,000. Amundi lifted its holdings in NIKE by 59.4% in the second quarter. Amundi now owns 6,460,398 shares of the footwear maker’s stock worth $265,199,000 after purchasing an additional 2,406,609 shares during the period. Van ECK Associates Corp lifted its holdings in NIKE by 4.8% in the second quarter. Van ECK Associates Corp now owns 6,257,863 shares of the footwear maker’s stock worth $256,885,000 after purchasing an additional 286,395 shares during the period. Finally, Swiss National Bank lifted its holdings in NIKE by 7.3% in the first quarter. Swiss National Bank now owns 3,496,700 shares of the footwear maker’s stock worth $184,696,000 after purchasing an additional 237,600 shares during the period. Institutional investors own 64.25% of the company’s stock.

Insider Buying and Selling at NIKE

In other news, EVP Philip McCartney sold 2,559 shares of NIKE 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 $96,192.81. Following the transaction, the executive vice president owned 78,121 shares of the company’s stock, valued at $2,936,568.39. The trade was a 3.17% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Matthew Friend sold 2,463 shares of NIKE stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $41.60, for a total transaction of $102,460.80. Following the completion of the transaction, the chief financial officer directly owned 82,165 shares in the company, valued at $3,418,064. This represents a 2.91% decrease in their position. The SEC filing for this sale provides additional information. 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 valued at $600,126 in the last ninety days. 1.10% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

NKE has been the subject of a number of recent analyst reports. Robert W. Baird decreased their target price 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. Truist Financial set a $29.00 price target on shares of NIKE and gave the stock a “hold” rating in a research report on Friday, October 2nd. Stifel Nicolaus reduced their price target on shares of NIKE from $40.00 to $36.00 and set a “hold” rating for the company in a research note on Friday, October 2nd. Royal Bank Of Canada decreased their price objective on shares of NIKE from $45.00 to $40.00 and set a “sector perform” rating for the company in a report on Tuesday, September 29th. Finally, Raymond James Financial reiterated a “market perform” rating on shares of NIKE in a report on Tuesday, September 29th. 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 eleven have issued a Sell rating to the stock. Based on data from MarketBeat, NIKE has a consensus rating of “Reduce” and a consensus price target of $41.07.

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

NIKE Trading Down 1.0%

Shares of NIKE stock opened at $37.51 on Thursday. 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 has a market cap of $55.72 billion, a price-to-earnings ratio of 18.04, a price-to-earnings-growth ratio of 4.44 and a beta of 1.09. The business has a fifty day simple moving average of $37.25 and a 200-day simple moving average of $41.35. NIKE, Inc. has a fifty-two week low of $31.97 and a fifty-two week high of $70.44.

NIKE (NYSE:NKE) last announced its earnings results on Thursday, October 1st. The footwear maker reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.05. NIKE had a return on equity of 15.94% and a net margin of 6.74%. The business had revenue of $11.21 billion during the quarter, compared to analysts’ expectations of $11.32 billion. During the same quarter last year, the business posted $0.49 earnings per share. The company’s quarterly revenue 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, equities analysts forecast that NIKE, Inc. will post 1.22 EPS for the current fiscal year.

NIKE Announces Dividend

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

NIKE Company 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.