Laurel Wealth Advisors LLC Sells 30,715 Shares of NIKE, Inc. $NKE

Laurel Wealth Advisors LLC cut its holdings in shares of NIKE, Inc. (NYSE:NKE) by 62.6% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 18,356 shares of the footwear maker’s stock after selling 30,715 shares during the period. Laurel Wealth Advisors LLC’s holdings in NIKE were worth $650,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of NKE. State Street Corp grew its holdings in shares of NIKE by 6.8% in 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 in the last quarter. Flossbach Von Storch SE acquired a new stake in shares of NIKE in the second quarter valued at about $488,714,000. Amundi increased its position in shares of NIKE by 59.4% in the second quarter. Amundi now owns 6,460,398 shares of the footwear maker’s stock valued at $265,199,000 after acquiring an additional 2,406,609 shares during the last quarter. Van ECK Associates Corp raised its holdings in NIKE by 4.8% during the second quarter. Van ECK Associates Corp now owns 6,257,863 shares of the footwear maker’s stock worth $256,885,000 after acquiring an additional 286,395 shares in the last quarter. Finally, Swiss National Bank raised its holdings in NIKE by 7.3% during the first quarter. Swiss National Bank now owns 3,496,700 shares of the footwear maker’s stock worth $184,696,000 after acquiring an additional 237,600 shares in the last quarter. 64.25% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, COO Venkatesh Alagirisamy sold 3,671 shares of the business’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 transaction of $137,992.89. Following the transaction, the chief operating officer directly 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Matthew Friend sold 2,463 shares of the stock in a transaction 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 owned 82,165 shares in the company, valued at approximately $3,418,064. This trade represents a 2.91% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 14,974 shares of company stock valued at $600,126. Corporate insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the company. DZ Bank cut NIKE from a “strong-buy” rating to a “strong sell” rating in a research note on Friday, October 2nd. Wolfe Research initiated coverage on NIKE in a report on Wednesday, October 21st. They issued an “underperform” rating and a $28.00 price objective for the company. Williams Trading cut shares of NIKE from a “strong-buy” rating to a “hold” rating in a research note on Friday, October 2nd. Bank of America reissued an “underperform” rating and issued a $24.00 target price (down from $30.00) on shares of NIKE in a research note on Friday, October 2nd. Finally, Guggenheim restated a “buy” rating and set a $50.00 target price on shares of NIKE in a report on Thursday, October 22nd. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, twenty-one have issued a Hold rating and eleven have issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus target price of $40.93.

Key Stories Impacting NIKE

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: NIKE’s upcoming Investor Day could provide greater clarity on its product, leadership, geographic and brand-recovery strategies. The company is also pursuing its “Pace Transformation,” which targets approximately $2.5 billion in cumulative savings through fiscal 2031 and could improve margins if successfully executed. NIKE Investor Day announcement NIKE Pace Transformation analysis
• Neutral Sentiment: At roughly $37 per share, NIKE’s dividend yield has become unusually attractive relative to government bonds, which may support income-oriented demand. However, the valuation depends on whether the company can restore sales growth and generate enough cash to comfortably fund the payout. NIKE dividend analysis
• Negative Sentiment: Analysts and market commentary remain cautious. Wolfe Research initiated coverage with an Underperform rating, while the consensus price target was reduced. Recent comparisons also favor adidas, which is reportedly benefiting from stronger sales, digital momentum and improving profitability. Wolfe Research NIKE rating NIKE versus adidas growth comparison
• Negative Sentiment: The latest earnings showed the core problem: revenue declined 4.3% year over year and came in below expectations, despite an earnings-per-share beat. Investors are therefore focused on whether innovation and cost cuts can reverse declining demand. The dividend may also be at risk if cash generation remains below distributions. NIKE dividend risk analysis

NIKE Trading Down 1.1%

Shares of NYSE:NKE opened at $37.15 on Thursday. NIKE, Inc. has a 52-week low of $31.97 and a 52-week high of $69.14. The company has a market capitalization of $55.17 billion, a P/E ratio of 17.86, a price-to-earnings-growth ratio of 4.37 and a beta of 1.09. The company has a 50-day simple moving average of $37.02 and a 200 day simple moving average of $46.54. 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 quarterly earnings results on Thursday, October 1st. The footwear maker reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.05. The firm had revenue of $11.21 billion for the quarter, compared to the consensus estimate of $11.32 billion. NIKE had a return on equity of 15.94% and a net margin of 6.74%. The business’s revenue was down 4.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.49 earnings per share. NIKE has set its FY 2027 guidance at 1.150-1.350 EPS. Sell-side analysts forecast that NIKE, Inc. will post 1.22 earnings per share for the current year.

NIKE Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Stockholders of record on Tuesday, September 1st were given a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date of this dividend was Tuesday, September 1st. NIKE’s dividend payout ratio (DPR) is presently 78.85%.

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.