NIKE, Inc. $NKE Stock Bought by Douglas Lane & Associates LLC

Douglas Lane & Associates LLC raised its holdings in shares of NIKE, Inc. (NYSE:NKE) by 57.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,521,611 shares of the footwear maker’s stock after purchasing an additional 556,798 shares during the period. Douglas Lane & Associates LLC owned 0.10% of NIKE worth $53,865,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in NKE. Farther Finance Advisors LLC raised its position in shares of NIKE by 57.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 55,310 shares of the footwear maker’s stock valued at $1,958,000 after purchasing an additional 20,256 shares during the last quarter. Everhart Financial Group Inc. acquired a new stake in shares of NIKE during the third quarter worth $204,000. Quintet Private Bank Europe S.A. increased its position in shares of NIKE by 95.8% in the 3rd quarter. Quintet Private Bank Europe S.A. now owns 95,536 shares of the footwear maker’s stock valued at $3,382,000 after acquiring an additional 46,755 shares during the period. Kessler Investment Group LLC acquired a new position in shares of NIKE in the 3rd quarter valued at $1,554,000. Finally, Wealth Enhancement Trust Services Inc. lifted its position in NIKE by 24.2% during the 3rd quarter. Wealth Enhancement Trust Services Inc. now owns 1,878 shares of the footwear maker’s stock worth $66,000 after acquiring an additional 366 shares during the period. 64.25% of the stock is currently owned by hedge funds and other institutional investors.

Trending Headlines about NIKE

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: Nike beat analysts’ fiscal Q1 earnings estimate, reporting $0.48 per share versus the $0.43 consensus. Profit margins also improved despite lower revenue, suggesting cost controls and operational improvements are beginning to support profitability. NIKE’s Shares Fall More Than 2% Post Q1 Earnings: What’s Ahead?
• Positive Sentiment: Reports that Nike could return to Formula One sponsorships in 2027 offer a potential marketing and growth initiative as the company seeks to rebuild consumer demand and strengthen its brand. Nike Eyes Bringing the Swoosh Back to Formula 1
• Neutral Sentiment: Heavy investor searches for NKE indicate elevated market attention, but search activity alone does not establish a change in the company’s fundamentals or valuation. Investors Heavily Search NIKE
• Negative Sentiment: Revenue declined year over year and missed expectations, while management’s fiscal 2027 outlook appears cautious. Analysts continue to characterize the recovery as a prolonged turnaround rather than a near-term rebound.
• Negative Sentiment: Greater China remains Nike’s biggest weakness, with falling sales and persistent competitive and consumer-demand challenges. Nike also reduced the amount of regional and China-specific information disclosed in its latest filing, adding uncertainty for investors. Why Is Nike Giving Investors Less Insight Into China Sales?
• Negative Sentiment: Fiscal 2027 earnings guidance is below the dividend commitment, raising questions about payout sustainability if profits remain weak. Combined with a multiyear revenue decline, this is reinforcing bearish views on NKE despite its substantially lower share price. Nike Guided Earnings Below Its Dividend

NIKE Trading Up 0.6%

NKE traded up $0.21 during trading on Friday, hitting $34.95. 15,347,807 shares of the company’s stock were exchanged, compared to its average volume of 24,620,713. The company has a current ratio of 2.07, a quick ratio of 1.39 and a debt-to-equity ratio of 0.39. NIKE, Inc. has a 1 year low of $31.97 and a 1 year high of $70.44. The firm has a market cap of $51.84 billion, a P/E ratio of 16.80, a price-to-earnings-growth ratio of 3.02 and a beta of 1.09. The stock has a 50 day moving average price of $38.22 and a 200 day moving average price of $42.25.

NIKE (NYSE:NKE) last posted its quarterly 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. The firm had revenue of $11.21 billion for 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%. The firm’s quarterly revenue was down 4.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.49 earnings per share. NIKE has set its FY 2027 guidance at 1.150-1.350 EPS. As a group, analysts expect that NIKE, Inc. will post 1.26 EPS for the current fiscal year.

NIKE Dividend Announcement

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 4.7%. The ex-dividend date was Tuesday, September 1st. NIKE’s payout ratio is currently 78.85%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on NKE shares. Truist Financial set a $29.00 price objective on NIKE and gave the stock a “hold” rating in a research report on Friday, October 2nd. DZ Bank cut shares of NIKE from a “strong-buy” rating to a “strong sell” rating in a research report on Friday, October 2nd. Raymond James Financial restated a “market perform” rating on shares of NIKE in a research note on Tuesday, September 29th. Argus raised shares of NIKE to a “strong-buy” rating in a research report on Wednesday, July 15th. Finally, Berenberg Bank set a $27.50 target price on NIKE and gave the company a “sell” rating in a research report on Tuesday. One 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 issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus price target of $41.07.

Insider Activity at NIKE

In other news, COO Venkatesh Alagirisamy sold 3,671 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 $137,992.89. Following the transaction, the chief operating officer owned 104,862 shares of the company’s stock, valued at $3,941,762.58. The trade was a 3.38% 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, EVP Philip McCartney sold 2,559 shares of the company’s stock in a transaction 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 completion of the transaction, the executive vice president directly owned 78,121 shares in the company, valued at $2,936,568.39. This represents a 3.17% decrease in their position. 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 quarter, insiders have sold 14,974 shares of company stock worth $600,126. 1.10% of the stock is currently owned by corporate insiders.

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.