43,894 Shares of NIKE, Inc. $NKE Acquired by Kessler Investment Group LLC

Kessler Investment Group LLC acquired a new stake in shares of NIKE, Inc. (NYSE:NKE) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 43,894 shares of the footwear maker’s stock, valued at approximately $1,554,000.

Several other large investors also recently added to or reduced their stakes in the stock. State Street Corp increased its holdings in NIKE by 6.8% during the 2nd quarter. State Street Corp now owns 63,598,789 shares of the footwear maker’s stock worth $2,636,104,000 after purchasing an additional 4,052,428 shares during the period. J. Stern & Co. LLP lifted its holdings in shares of NIKE by 49,010.4% in the 4th quarter. J. Stern & Co. LLP now owns 48,054,542 shares of the footwear maker’s stock worth $3,061,555,000 after buying an additional 47,956,692 shares during the period. Flossbach Von Storch SE bought a new position in shares of NIKE during the 2nd quarter worth $488,714,000. Janus Henderson Group PLC grew its position in shares of NIKE by 12.5% during the 4th quarter. Janus Henderson Group PLC now owns 7,887,609 shares of the footwear maker’s stock worth $502,537,000 after buying an additional 874,662 shares in the last quarter. Finally, Amundi increased its stake in shares of NIKE by 59.4% during the second quarter. Amundi now owns 6,460,398 shares of the footwear maker’s stock valued at $265,199,000 after buying an additional 2,406,609 shares during the period. 64.25% of the stock is owned by hedge funds and other institutional investors.

Key NIKE News

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: NIKE’s performance business—products designed for sports and athletic activity—continues to grow, providing a potential foundation for recovery even as lifestyle categories and major sneaker franchises struggle. Why You Need To Pay Attention To Nike Stock
• Positive Sentiment: Management is emphasizing higher-quality products, tighter inventory and supply-chain improvements. The resulting higher dividend yield—recently reported near a record 4.8%—could attract income-oriented investors if cash flow remains sufficient to support the payout. Nike’s Dividend Yield Surges to a Record 4.8%
• Positive Sentiment: Reports that NIKE may return to Formula 1 sponsorships in 2027 offer a potential marketing and growth opportunity, although the plan remains speculative and would likely take time to affect results. Nike Eyes Bringing the Swoosh Back to Formula 1

Insider Activity

In other NIKE news, insider Amy Montagne sold 4,867 shares of NIKE stock in a transaction 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 transaction, the insider directly owned 57,436 shares of the company’s stock, valued at approximately $2,415,183.80. The trade was a 7.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Venkatesh Alagirisamy sold 3,671 shares of the company’s stock in a transaction on Wednesday, September 9th. The stock was sold at an average price of $37.59, for a total value of $137,992.89. Following the transaction, the chief operating officer directly owned 104,862 shares in the company, valued at approximately $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. Over the last three months, insiders sold 14,974 shares of company stock worth $600,126. 1.10% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on NKE shares. Piper Sandler set a $28.00 price objective on NIKE and gave the company a “neutral” rating in a report on Friday, October 2nd. Deutsche Bank Aktiengesellschaft dropped their target price on shares of NIKE from $45.00 to $37.00 and set a “hold” rating on the stock in a report on Monday, September 28th. Evercore cut their target price on shares of NIKE from $46.00 to $28.00 in a research report on Monday, September 28th. BNP Paribas Exane set a $19.00 price target on shares of NIKE and gave the company an “underperform” rating in a report on Friday, October 2nd. Finally, BTIG Research lowered their price target on shares of NIKE from $55.00 to $50.00 and set a “buy” rating for the company in a research report on Friday, October 2nd. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, twenty-one have assigned a Hold rating and ten have given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Reduce” and an average target price of $41.19.

NIKE Stock Up 0.1%

NKE stock traded up $0.04 during trading on Thursday, reaching $34.41. 13,820,199 shares of the company traded hands, compared to its average volume of 24,515,520. NIKE, Inc. has a 12 month low of $31.97 and a 12 month high of $70.44. The business has a 50 day simple moving average of $38.37 and a 200 day simple moving average of $42.38. The company has a market capitalization of $51.04 billion, a price-to-earnings ratio of 16.57, a price-to-earnings-growth ratio of 3.04 and a beta of 1.09. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.39 and a current ratio of 2.07.

NIKE (NYSE:NKE) last announced its earnings results on Thursday, October 1st. The footwear maker reported $0.48 EPS 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 the consensus estimate of $11.32 billion. NIKE had a net margin of 6.74% and a return on equity of 15.94%. The firm’s revenue was down 4.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.49 earnings per share. NIKE has set its FY 2027 guidance at 1.150-1.350 EPS. On average, equities research analysts anticipate that NIKE, Inc. will post 1.26 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. Investors of record on Tuesday, September 1st were paid a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 4.8%. The ex-dividend date was Tuesday, September 1st. NIKE’s payout ratio is 78.85%.

About NIKE

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.