NIKE, Inc. $NKE Stock Bought by Schaper Benz & Wise Investment Counsel Inc. WI

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

Other hedge funds have also made changes to their positions in the company. Castleview Partners LLC boosted its stake in shares of NIKE by 104.2% during the 3rd quarter. Castleview Partners LLC now owns 14,875 shares of the footwear maker’s stock valued at $527,000 after buying an additional 7,592 shares during the period. Stokes Capital Advisors LLC purchased a new stake in shares of NIKE during the third quarter worth $204,000. GK Wealth Management LLC acquired a new stake in NIKE during the third quarter valued at $45,000. Bullock Wealth Management Group boosted its position in NIKE by 15.2% during the third quarter. Bullock Wealth Management Group now owns 3,028 shares of the footwear maker’s stock valued at $106,000 after purchasing an additional 400 shares during the last quarter. Finally, Wedmont Private Capital grew its stake in NIKE by 114.6% in the third quarter. Wedmont Private Capital now owns 16,000 shares of the footwear maker’s stock valued at $556,000 after purchasing an additional 8,546 shares in the last quarter. 64.25% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Philip McCartney sold 2,559 shares of the firm’s 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 sale, the executive vice president directly owned 78,121 shares of the company’s stock, valued at approximately $2,936,568.39. This trade represents a 3.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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 dated Wednesday, September 9th. The stock was sold at an average price of $37.59, for a total value of $137,992.89. Following the completion of the transaction, the chief operating officer owned 104,862 shares in the company, valued at $3,941,762.58. The trade was 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 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 insiders.

NIKE Trading Down 0.0%

Shares of NKE stock opened at $34.74 on Friday. NIKE, Inc. has a 12 month low of $31.97 and a 12 month high of $70.44. The company has a market cap of $51.53 billion, a PE ratio of 16.70, a price-to-earnings-growth ratio of 3.05 and a beta of 1.09. 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 business’s 50 day moving average is $38.08 and its two-hundred day moving average is $42.20.

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

NIKE Announces Dividend

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

Analyst Ratings Changes

NKE has been the topic of several research reports. Barclays set a $37.00 target price on NIKE and gave the stock an “overweight” rating in a research report on Monday. Guggenheim reissued a “buy” rating and issued a $50.00 price target (down from $60.00) on shares of NIKE in a research note on Friday, October 2nd. Truist Financial set a $29.00 price objective on NIKE and gave the stock a “hold” rating in a report on Friday, October 2nd. Evercore cut their price objective on shares of NIKE from $46.00 to $28.00 in a research report on Monday, September 28th. Finally, Wall Street Zen cut shares of NIKE from a “hold” rating to a “sell” rating in a research note on Saturday, October 3rd. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, twenty-one have issued a Hold rating and ten have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and an average target price of $41.07.

Key Headlines Impacting 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

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.