140,387 NIKE, Inc. $NKE Shares Purchased by Park National Corp OH

Park National Corp OH lifted its holdings in NIKE, Inc. (NYSE:NKE) by 25.2% during the third quarter, Holdings Channel reports. The institutional investor owned 698,565 shares of the footwear maker’s stock after acquiring an additional 140,387 shares during the quarter. Park National Corp OH’s holdings in NIKE were worth $24,729,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. State Street Corp raised its stake in NIKE by 2.2% during the fourth quarter. State Street Corp now owns 59,315,606 shares of the footwear maker’s stock valued at $3,802,807,000 after buying an additional 1,275,494 shares during the last quarter. Capital World Investors grew its stake in shares of NIKE by 16.2% in the fourth quarter. Capital World Investors now owns 49,069,951 shares of the footwear maker’s stock worth $3,126,246,000 after acquiring an additional 6,830,938 shares during the last quarter. J. Stern & Co. LLP increased its holdings in shares of NIKE by 49,010.4% during the fourth quarter. J. Stern & Co. LLP now owns 48,054,542 shares of the footwear maker’s stock valued at $3,061,555,000 after acquiring an additional 47,956,692 shares in the last quarter. Janus Henderson Group PLC increased its holdings in shares of NIKE by 12.5% during the fourth quarter. Janus Henderson Group PLC now owns 7,887,609 shares of the footwear maker’s stock valued at $502,537,000 after acquiring an additional 874,662 shares in the last quarter. Finally, Flossbach Von Storch SE purchased a new position in shares of NIKE in the 2nd quarter worth about $488,714,000. 64.25% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

NKE has been the topic of several analyst reports. Deutsche Bank Aktiengesellschaft dropped their target price on shares of NIKE from $45.00 to $37.00 and set a “hold” rating on the stock in a research note on Monday, September 28th. Truist Financial set a $29.00 price objective on shares of NIKE and gave the stock a “hold” rating in a report on Friday. Wall Street Zen cut NIKE from a “hold” rating to a “sell” rating in a research report on Saturday. Piper Sandler set a $28.00 target price on NIKE and gave the stock a “neutral” rating in a report on Friday. Finally, BMO Capital Markets reaffirmed an “underperform” rating and set a $25.00 price target on shares of NIKE in a report on Friday. One equities research analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating, twenty-two have given a Hold rating and eight have assigned a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $41.80.

Insider Buying and Selling

In related news, CFO Matthew Friend sold 2,463 shares of the business’s stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $41.60, for a total value of $102,460.80. Following 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 position. The sale 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, COO Venkatesh Alagirisamy sold 3,671 shares of the company’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 transaction, the chief operating officer owned 104,862 shares in the company, valued at $3,941,762.58. This trade represents a 3.38% decrease in their ownership of the stock. 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. Insiders sold a total of 14,974 shares of company stock worth $600,126 in the last three months. Company insiders own 1.10% of the company’s stock.

NIKE Trading Down 0.7%

Shares of NIKE stock traded down $0.23 during trading on Monday, hitting $33.64. The stock had a trading volume of 41,563,237 shares, compared to its average volume of 24,218,762. NIKE, Inc. has a 12 month low of $31.97 and a 12 month high of $72.39. 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 stock has a market cap of $49.91 billion, a PE ratio of 16.18, a PEG ratio of 2.58 and a beta of 1.09. The firm’s fifty day simple moving average is $38.88 and its 200-day simple moving average is $42.79.

NIKE (NYSE:NKE) last issued its quarterly earnings data on Thursday, October 1st. The footwear maker reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.05. The company 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 firm’s revenue for the quarter was down 4.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.49 earnings per share. NIKE has set its FY 2027 guidance at 1.150-1.350 EPS. As a group, sell-side analysts expect that NIKE, Inc. will post 1.46 EPS for the current fiscal year.

NIKE Dividend Announcement

The business 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 4.9%. The ex-dividend date was Tuesday, September 1st. NIKE’s payout ratio is currently 78.85%.

NIKE News Roundup

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: NIKE plans to generate approximately $2.5 billion in “Pace” savings through fiscal 2031 while continuing to fund product innovation and marketing. Cost controls could support margins if management can stabilize demand. NIKE’s Cost Controls vs. Growth Investments: Right Tradeoff?
• Positive Sentiment: Some investors see potential long-term support from NIKE’s strong balance sheet, debt reduction and nearly 4.8% dividend yield. A rare Wall Street upgrade and a separate upgrade to “Buy” provide limited counterpoints to the broader bearish sentiment. Could Nike’s Brutal Sell-Off Finally Be Running Out of Steam? Nike stock receives rare Wall Street bullish upgrade
• Neutral Sentiment: NIKE’s earnings report beat consensus EPS estimates, but revenue missed expectations and declined year over year. The company also announced restructuring that is expected to include layoffs, highlighting the scale of the turnaround effort. 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, with weakness expected to persist through 2028. China sales reportedly dropped 26%, while core brands, international growth and inventory management remain challenged. Nike’s Earnings Are a Disaster
• Negative Sentiment: Multiple firms, including Williams Trading, Needham, JPMorgan, Citigroup, BTIG, Stifel and Baird, have issued “Hold” ratings, reduced price targets or pessimistic forecasts. Heavy bearish options activity indicates traders are positioning for further weakness. Struggling Nike Stock Popular Amongst Options Bears
• Negative Sentiment: Commentary also questions whether the dividend is fully supported by free cash flow and argues that the stock may remain expensive relative to declining earnings, despite its substantial decline from prior highs. Nike: The Falling Knife Masterclass

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.