Murphy Pohlad Asset Management LLC Sells 19,650 Shares of NIKE, Inc. $NKE

Murphy Pohlad Asset Management LLC lessened its holdings in NIKE, Inc. (NYSE:NKE) by 41.3% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 27,985 shares of the footwear maker’s stock after selling 19,650 shares during the quarter. Murphy Pohlad Asset Management LLC’s holdings in NIKE were worth $991,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of NKE. OneDigital Investment Advisors LLC raised its stake in shares of NIKE by 32.8% during the second quarter. OneDigital Investment Advisors LLC now owns 244,296 shares of the footwear maker’s stock valued at $10,028,000 after acquiring an additional 60,375 shares in the last quarter. Douglas Lane & Associates LLC grew its stake in NIKE by 57.7% in the third quarter. Douglas Lane & Associates LLC now owns 1,521,611 shares of the footwear maker’s stock worth $53,865,000 after purchasing an additional 556,798 shares in the last quarter. B.A. Schrock Wealth Management Inc. bought a new position in NIKE in the third quarter worth approximately $1,153,000. Quantitative Investment Management LLC bought a new position in NIKE in the second quarter worth approximately $2,459,000. Finally, Deutsche Bank AG increased its holdings in NIKE by 8.0% during the 2nd quarter. Deutsche Bank AG now owns 3,566,634 shares of the footwear maker’s stock worth $146,410,000 after purchasing an additional 264,576 shares during the period. Hedge funds and other institutional investors own 64.25% of the company’s stock.

Insider Activity

In other NIKE news, COO Venkatesh Alagirisamy sold 3,671 shares of NIKE stock in a transaction 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 completion of the transaction, the chief operating officer owned 104,862 shares of the company’s stock, valued at approximately $3,941,762.58. The trade was a 3.38% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Matthew Friend sold 2,463 shares of the firm’s 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 completion of the sale, the chief financial officer directly owned 82,165 shares in the company, valued at approximately $3,418,064. The trade was a 2.91% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 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 quarter. Company insiders own 1.10% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on NKE. Citigroup cut their price target on NIKE from $39.00 to $32.00 and set a “neutral” rating on the stock in a research note on Friday, October 2nd. BTIG Research reiterated a “buy” rating and set a $50.00 target price on shares of NIKE in a report on Thursday. China Renaissance dropped their target price on shares of NIKE from $50.30 to $47.30 and set a “hold” rating on the stock in a report on Thursday, July 2nd. Wells Fargo & Company set a $30.00 target price on shares of NIKE and gave the company an “equal weight” rating in a research report on Friday, October 2nd. Finally, Needham & Company LLC restated a “hold” rating on shares of NIKE 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 given a Hold rating and eleven have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average target price of $40.93.

NIKE Stock Performance

Shares of NIKE stock traded down $1.00 during midday trading on Friday, hitting $37.31. The company had a trading volume of 25,846,404 shares, compared to its average volume of 43,175,696. The stock has a market cap of $55.42 billion, a price-to-earnings ratio of 17.94, a PEG ratio of 4.49 and a beta of 1.09. The company has a quick ratio of 1.39, a current ratio of 2.07 and a debt-to-equity ratio of 0.39. The company has a fifty day simple moving average of $37.12 and a 200 day simple moving average of $41.28. NIKE, Inc. has a 12-month low of $31.97 and a 12-month 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 analysts’ consensus estimates of $0.43 by $0.05. The company had revenue of $11.21 billion during the quarter, compared to analysts’ expectations of $11.32 billion. NIKE had a return on equity of 15.94% and a net margin of 6.74%. The firm’s revenue was down 4.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.49 EPS. NIKE has set its FY 2027 guidance at 1.150-1.350 EPS. As a group, analysts predict that NIKE, Inc. will post 1.22 earnings per share for the current fiscal year.

NIKE Dividend Announcement

The company 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. This represents a $1.64 annualized dividend and a dividend yield of 4.4%. The ex-dividend date of this dividend was Tuesday, September 1st. NIKE’s payout ratio is 78.85%.

Key Headlines Impacting NIKE

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.