NIKE, Inc. $NKE Stock Sold by Heritage Investors Management Corp

Heritage Investors Management Corp cut its stake in shares of NIKE, Inc. (NYSE:NKE) by 16.8% during the third quarter, HoldingsChannel reports. The firm owned 242,151 shares of the footwear maker’s stock after selling 48,767 shares during the quarter. Heritage Investors Management Corp’s holdings in NIKE were worth $8,572,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. OneDigital Investment Advisors LLC raised its holdings in NIKE by 32.8% during 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 worth $53,865,000 after buying an additional 556,798 shares during the last quarter. B.A. Schrock Wealth Management Inc. purchased a new position in NIKE during the third quarter worth $1,153,000. Quantitative Investment Management LLC purchased a new position in NIKE during the second quarter worth $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 currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other NIKE news, EVP Philip McCartney sold 2,559 shares of NIKE stock in a transaction dated Wednesday, September 9th. The stock was 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 in the company, valued at $2,936,568.39. The trade was a 3.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Matthew Friend sold 2,463 shares of the business’s stock in a transaction dated 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 owned 82,165 shares of the company’s stock, valued at $3,418,064. This represents a 2.91% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders have sold 14,974 shares of company stock valued at $600,126. Company insiders own 1.10% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have weighed in on NKE. Needham & Company LLC reiterated a “hold” rating on shares of NIKE in a research report on Friday, October 2nd. JPMorgan Chase & Co. dropped their price objective on NIKE from $40.00 to $33.00 and set an “underweight” rating for the company in a report on Friday, October 2nd. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $33.00 target price on shares of NIKE in a research note on Friday, October 9th. Wells Fargo & Company set a $30.00 price target on NIKE and gave the company an “equal weight” rating in a research note on Friday, October 2nd. Finally, Evercore cut their target price on shares of NIKE from $46.00 to $28.00 in a research report on Monday, September 28th. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, twenty-one have issued a Hold rating and eleven have given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus price target of $40.93.

NIKE Stock Up 0.0%

NIKE stock opened at $38.68 on Monday. The business has a fifty day moving average of $36.94 and a two-hundred day moving average of $46.27. 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 $57.45 billion, a P/E ratio of 18.60, a P/E/G ratio of 4.52 and a beta of 1.01. NIKE, Inc. has a twelve month low of $31.97 and a twelve month high of $69.14.

NIKE (NYSE:NKE) last announced its 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. NIKE had a return on equity of 15.94% and a net margin of 6.74%. The business had revenue of $11.21 billion for the quarter, compared to analysts’ expectations of $11.32 billion. During the same quarter last year, the firm earned $0.49 EPS. The business’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, analysts forecast 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 paid a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date was Tuesday, September 1st. NIKE’s dividend payout ratio is 78.85%.

Key Headlines Impacting NIKE

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: Bernstein maintains a Buy rating. The continued bullish stance provides support for NKE, with the firm apparently viewing the current selloff and valuation reset as an opportunity. Bernstein Sticks to Its Buy Rating for Nike
• Positive Sentiment: NIKE is expanding its India strategy with the Vegam Run shoe. The company is targeting India’s growing running market as a potential new growth engine, which could help diversify its business and offset weakness in China. Nike deepens India push with new running shoe
• Neutral Sentiment: Analyst opinion remains unusually split. Recent price-target changes range from cuts into the mid-$20s to upgrades toward $50, producing a modest fair-value reduction overall. The disagreement reflects both bargain-hunting interest and limited visibility on a return to sustainable growth. Nike Stock Sees Modest Fair Value Cut As Analysts Stay Split
• Neutral Sentiment: Competitive comparisons remain unfavorable. NKE gained in recent sessions but underperformed several apparel and footwear peers, keeping attention on whether rivals such as HOKA, UGG and On can capture more category growth. Nike stock underperforms competitors
• Negative Sentiment: The turnaround is taking longer than expected. Portfolio commentary points to prolonged recovery timelines, increasing pressure on investors to reassess their holdings and wait for clearer evidence of renewed growth. Prolonged Turnaround Timelines Prompt Portfolio Realignment
• Negative Sentiment: Long-term shareholder returns have lagged. A $1,000 investment in NKE ten years ago would reportedly be worth only $853 including dividends, highlighting the stock’s weak performance and the market’s skepticism about management’s ability to restore its former momentum. Nike ten-year investment performance
• Negative Sentiment: China weakness remains a major risk. Declining Chinese sales and weak revenue are limiting confidence in the recovery, while a reported consensus price-target reduction reinforces concerns about valuation and near-term execution. Nike unveils Vegam Run amid China sales slump

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.