NIKE, Inc. $NKE Stake Trimmed by Washington Trust Advisors Inc.

Washington Trust Advisors Inc. cut its stake in NIKE, Inc. (NYSE:NKE) by 98.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 912 shares of the footwear maker’s stock after selling 59,053 shares during the quarter. Washington Trust Advisors Inc.’s holdings in NIKE were worth $32,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. State Street Corp grew its position in shares of NIKE by 6.8% during the 2nd quarter. State Street Corp now owns 63,598,789 shares of the footwear maker’s stock valued at $2,636,104,000 after acquiring an additional 4,052,428 shares during the period. Flossbach Von Storch SE purchased a new position in shares of NIKE in the 2nd quarter valued at about $488,714,000. Amundi increased its stake in shares of NIKE by 59.4% in the 2nd quarter. Amundi now owns 6,460,398 shares of the footwear maker’s stock valued at $265,199,000 after purchasing an additional 2,406,609 shares in the last quarter. Van ECK Associates Corp raised its holdings in NIKE by 4.8% in the 2nd quarter. Van ECK Associates Corp now owns 6,257,863 shares of the footwear maker’s stock worth $256,885,000 after purchasing an additional 286,395 shares during the period. Finally, Swiss National Bank raised its holdings in NIKE by 7.3% in the 1st quarter. Swiss National Bank now owns 3,496,700 shares of the footwear maker’s stock worth $184,696,000 after purchasing an additional 237,600 shares during the period. Institutional investors and hedge funds own 64.25% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Stifel Nicolaus lowered their price target on NIKE from $40.00 to $36.00 and set a “hold” rating on the stock in a research report on Friday, October 2nd. Robert W. Baird decreased their price objective on shares of NIKE from $44.00 to $36.00 and set a “neutral” rating on the stock in a report on Friday, October 2nd. Rothschild & Co Redburn dropped their target price on shares of NIKE from $45.00 to $37.00 and set a “sell” rating on the stock in a research report on Friday, July 17th. Bank of America reiterated an “underperform” rating and issued a $24.00 target price (down from $30.00) on shares of NIKE in a research report on Friday, October 2nd. Finally, Zacks Research cut shares of NIKE from a “hold” rating to a “strong sell” rating in a research note on Thursday, October 1st. One 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 assigned a Sell rating to the company. According to MarketBeat.com, NIKE has an average rating of “Reduce” and a consensus price target of $40.93.

NIKE Stock Performance

Shares of NYSE:NKE opened at $37.31 on Friday. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.07 and a quick ratio of 1.39. The business’s 50 day moving average price is $37.12 and its 200-day moving average price is $41.28. The firm has a market capitalization of $55.42 billion, a PE ratio of 17.94, a P/E/G ratio of 4.37 and a beta of 1.09. NIKE, Inc. has a 1 year low of $31.97 and a 1 year high of $70.44.

NIKE (NYSE:NKE) last issued its quarterly earnings results on Thursday, October 1st. The footwear maker reported $0.48 EPS for the quarter, topping 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 firm had revenue of $11.21 billion during the quarter, compared to analysts’ expectations of $11.32 billion. During the same period in the previous year, the business earned $0.49 earnings per share. The firm’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 research analysts expect that NIKE, Inc. will post 1.22 earnings per share for the current fiscal year.

NIKE Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Stockholders of record on Tuesday, September 1st were issued 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 dividend yield of 4.4%. NIKE’s dividend payout ratio is presently 78.85%.

Insider Buying and Selling at NIKE

In related news, EVP Philip McCartney sold 2,559 shares of the stock in a transaction that occurred on Wednesday, September 9th. The stock was 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 approximately $2,936,568.39. This represents a 3.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Venkatesh Alagirisamy sold 3,671 shares of the firm’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 sale, the chief operating officer directly owned 104,862 shares of the company’s stock, valued at approximately $3,941,762.58. This trade represents a 3.38% 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 a total of 14,974 shares of company stock worth $600,126 in the last 90 days. 1.10% of the stock is currently owned by insiders.

Key NIKE News

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: Guggenheim and BTIG Research reaffirmed Buy ratings and $50 price targets, implying substantial upside from current levels. Barclays also raised its target to $45 and said the shares may be near a bottom. Guggenheim rating Barclays raises Nike price target
• Positive Sentiment: Investors continue to look for evidence that Nike’s brand reset is gaining traction. Recent quarterly earnings exceeded EPS expectations, while rebuilding wholesale relationships and managing inventory could support a longer-term recovery. Nike turnaround article
• Positive Sentiment: Nike plans to bring back a popular retro lifestyle shoe next year, a move that could provide incremental support for consumer interest and its lifestyle business. Nike retro shoe return
• Neutral Sentiment: Nike will hold an Investor Day on November 16–17, with key presentations webcast on November 17. Investors may look for updated targets and details on the turnaround strategy. Nike 2026 Investor Day webcast
• Negative Sentiment: Wolfe Research initiated coverage with an Underperform rating and a $28 price target, citing roughly 25% potential downside. The sharply lower target adds to investor concerns about the pace of earnings recovery.
• Negative Sentiment: A sector-wide retail selloff pushed athletic-apparel stocks lower, with Nike declining alongside Lululemon and Under Armour. This indicates broader concerns about discretionary consumer demand, not solely company-specific weakness. Athletic apparel stock selloff
• Negative Sentiment: Analysts remain concerned about slowing digital sales, weaker direct-to-consumer performance in Greater China, ongoing sales declines and continued competitive pressure in China. UBS maintained a Neutral rating, underscoring uncertainty over the recovery timeline. Nike digital sales slowdown

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.