NIKE, Inc. $NKE Stock Acquired by Vest Financial LLC

Vest Financial LLC increased its position in shares of NIKE, Inc. (NYSE:NKE) by 9.3% during the third quarter, Holdings Channel.com reports. The fund owned 182,796 shares of the footwear maker’s stock after acquiring an additional 15,492 shares during the quarter. Vest Financial LLC’s holdings in NIKE were worth $6,471,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Scarborough Advisors LLC acquired a new stake in NIKE in the 1st quarter valued at about $25,000. Meeder Asset Management Inc. grew its stake in shares of NIKE by 108.4% in the 1st quarter. Meeder Asset Management Inc. now owns 548 shares of the footwear maker’s stock worth $29,000 after purchasing an additional 285 shares during the last quarter. Atlas Wealth LLC acquired a new position in shares of NIKE in the 1st quarter worth approximately $31,000. University of Texas Texas AM Investment Management Co. acquired a new position in shares of NIKE in the 2nd quarter worth approximately $33,000. Finally, Main Street Group LTD bought a new stake in shares of NIKE in the 1st quarter worth approximately $36,000. 64.25% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

NKE has been the subject of several recent research reports. Weiss Ratings lowered shares of NIKE from a “sell (d+)” rating to a “sell (d)” rating in a research note on Tuesday, October 6th. Bank of America restated an “underperform” rating and set a $24.00 target price (down from $30.00) on shares of NIKE in a report on Friday, October 2nd. Evercore decreased their price target on shares of NIKE from $46.00 to $28.00 in a research report on Monday, September 28th. Wells Fargo & Company set a $30.00 target price on NIKE and gave the stock an “equal weight” rating in a research report on Friday, October 2nd. Finally, Stifel Nicolaus cut their price target on shares of NIKE from $40.00 to $36.00 and set a “hold” rating on the stock in a report on Friday, October 2nd. One research 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 given a Sell rating to the stock. Based on data from MarketBeat, NIKE currently has a consensus rating of “Reduce” and an average price target of $40.93.

NIKE Price Performance

NYSE NKE opened at $38.26 on Friday. The company has a quick ratio of 1.39, a current ratio of 2.07 and a debt-to-equity ratio of 0.39. NIKE, Inc. has a 12-month low of $31.97 and a 12-month high of $70.44. The company has a 50 day moving average price of $37.19 and a two-hundred day moving average price of $41.31. The stock has a market capitalization of $56.83 billion, a PE ratio of 24.06, a price-to-earnings-growth ratio of 4.40 and a beta of 1.09.

NIKE (NYSE:NKE) last issued its quarterly earnings data on Thursday, October 1st. The footwear maker reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.43 by $0.05. NIKE had a net margin of 6.74% and a return on equity of 15.94%. The firm had revenue of $11.21 billion during the quarter, compared to analysts’ expectations of $11.32 billion. During the same period in the prior year, the company posted $0.49 earnings per share. 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. As a group, equities analysts predict that NIKE, Inc. will post 1.22 earnings per share for the current fiscal year.

NIKE Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Stockholders of record on Tuesday, September 1st were paid a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date was Tuesday, September 1st. NIKE’s payout ratio is presently 78.85%.

Key Headlines Impacting NIKE

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: Several analysts expressed greater optimism: Guggenheim and BTIG Research reaffirmed “buy” ratings with $50 price targets, while Barclays raised its target to $45 and said the shares may be near a bottom. Argus Research also initiated or reiterated a buy view. These targets imply substantial potential upside from recent levels. Guggenheim rating
• Positive Sentiment: Recent quarterly results reportedly exceeded earnings expectations, helping support hopes that Nike’s brand reset, improved wholesale relationships and restructuring efforts can eventually stabilize growth. The stock remains well above its 52-week low after a prolonged decline. Nike fiscal first-quarter beat
• Positive Sentiment: Nike’s nearly 25-year dividend-growth record and forward yield of roughly 4.4% add income appeal for long-term investors, though the dividend’s sustainability depends on a successful recovery. Nike dividend analysis

Insider Activity

In other NIKE news, COO Venkatesh Alagirisamy sold 3,671 shares of the company’s stock in a transaction dated Wednesday, September 9th. The shares were sold at an average price of $37.59, for a total transaction of $137,992.89. Following the completion of the sale, the chief operating officer directly owned 104,862 shares in the company, valued at $3,941,762.58. This represents a 3.38% decrease in their ownership of the stock. The transaction was disclosed in a legal filing 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 stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $41.60, for a total value of $102,460.80. Following the sale, the chief financial officer owned 82,165 shares of the company’s stock, valued at approximately $3,418,064. The trade was 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 sold 14,974 shares of company stock worth $600,126 in the last 90 days. Insiders own 1.10% of the company’s stock.

About NIKE

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.