Rockland Trust Co. Grows Stock Holdings in NIKE, Inc. $NKE

Rockland Trust Co. grew its position in NIKE, Inc. (NYSE:NKE) by 14.9% in the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 633,768 shares of the footwear maker’s stock after purchasing an additional 82,308 shares during the quarter. Rockland Trust Co.’s holdings in NIKE were worth $22,435,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. TCM Advisors LLC raised its position in NIKE by 1.8% during the fourth quarter. TCM Advisors LLC now owns 11,218 shares of the footwear maker’s stock valued at $715,000 after purchasing an additional 200 shares in the last quarter. FAS Wealth Partners Inc. boosted its holdings in shares of NIKE by 4.2% in the 1st quarter. FAS Wealth Partners Inc. now owns 6,109 shares of the footwear maker’s stock valued at $323,000 after purchasing an additional 249 shares in the last quarter. Elevation Wealth Partners LLC boosted its holdings in shares of NIKE by 34.6% in the 2nd quarter. Elevation Wealth Partners LLC now owns 989 shares of the footwear maker’s stock valued at $41,000 after purchasing an additional 254 shares in the last quarter. Midwest Professional Planners LTD. raised its holdings in shares of NIKE by 1.5% during the 1st quarter. Midwest Professional Planners LTD. now owns 17,904 shares of the footwear maker’s stock worth $946,000 after buying an additional 266 shares in the last quarter. Finally, Advance Capital Management Inc. raised its holdings in shares of NIKE by 7.1% during the 1st quarter. Advance Capital Management Inc. now owns 4,203 shares of the footwear maker’s stock worth $222,000 after buying an additional 279 shares in the last quarter. Institutional investors own 64.25% of the company’s stock.

Insider Buying and Selling

In related news, EVP Philip McCartney sold 2,559 shares of the company’s 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 sale, 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Venkatesh Alagirisamy sold 3,671 shares of the stock in a transaction that occurred on Wednesday, September 9th. The shares were sold at an average price of $37.59, for a total transaction of $137,992.89. Following the sale, the chief operating officer directly owned 104,862 shares of the company’s stock, valued at $3,941,762.58. This 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 14,974 shares of company stock valued at $600,126 in the last ninety days. Insiders own 1.10% of the company’s stock.

Key Stories Impacting NIKE

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: NIKE’s strong balance sheet, debt reduction and liquidity provide financial flexibility during the restructuring and could support a longer-term recovery. A small number of analysts remain bullish, including Freedom Broker, which upgraded the shares to “Buy.” Could Nike’s Brutal Sell-Off Finally Be Running Out of Steam?
• Neutral Sentiment: NIKE beat fiscal first-quarter earnings expectations, reporting $0.48 per share versus the $0.43 consensus, but revenue fell short of estimates at $11.21 billion and declined 4.3% year over year. The company also announced restructuring actions expected to include layoffs, making the potential benefits uncertain. Is Buying Nike Stock Now a Brilliant Move or a Disaster Waiting to Happen?
• Negative Sentiment: Management expects fiscal 2027 revenue to decline by a high-single-digit percentage, signaling that the recovery will take longer than anticipated. China sales dropped 26%, while core brands, inventory levels and broader demand remain under pressure. Nike’s Earnings Are a Disaster
• Negative Sentiment: Analyst sentiment has deteriorated, with Williams Trading cutting NIKE to “Hold” and JPMorgan, Citi, BTIG and Stifel lowering expectations or price targets. Investors are also questioning valuation and dividend sustainability because projected earnings are falling and free cash flow may not fully cover distributions. NIKE Cut to Hold at Williams Trading

Analyst Upgrades and Downgrades

NKE has been the topic of several research analyst reports. Sanford C. Bernstein reaffirmed an “outperform” rating and issued a $45.00 price objective on shares of NIKE in a research note on Friday. Barclays set a $37.00 target price on NIKE and gave the stock an “overweight” rating in a research note on Monday. Piper Sandler set a $28.00 price target on shares of NIKE and gave the company a “neutral” rating in a research note on Friday. Bank of America reaffirmed an “underperform” rating and set a $24.00 price target (down from $30.00) on shares of NIKE in a report on Friday. Finally, Citigroup lowered their price objective on shares of NIKE from $39.00 to $32.00 and set a “neutral” rating for the company in a research report on Friday. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, twenty-two have assigned a Hold rating and eight have assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $41.80.

NIKE Trading Down 0.8%

NYSE:NKE traded down $0.26 during trading hours on Monday, hitting $33.61. 40,190,363 shares of the company were exchanged, compared to its average volume of 24,214,264. The stock has a market capitalization of $49.87 billion, a price-to-earnings ratio of 16.14, a price-to-earnings-growth ratio of 2.58 and a beta of 1.09. 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 one year low of $31.97 and a one year high of $72.39. The company has a fifty day simple moving average of $38.88 and a 200 day simple moving average of $42.79.

NIKE (NYSE:NKE) last released its quarterly earnings results on Thursday, October 1st. The footwear maker reported $0.48 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $11.32 billion. During the same quarter in the previous year, the company posted $0.49 EPS. The business’s revenue was down 4.3% on a year-over-year basis. NIKE has set its FY 2027 guidance at 1.150-1.350 EPS. Sell-side analysts expect that NIKE, Inc. will post 1.46 EPS for the current fiscal year.

NIKE Announces Dividend

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 $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date of this dividend was Tuesday, September 1st. NIKE’s payout ratio is currently 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.