20,561 NIKE, Inc. $NKE Shares Sold by HBW Advisory Services LLC

HBW Advisory Services LLC cut its position in shares of NIKE, Inc. (NYSE:NKE) by 54.4% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 17,225 shares of the footwear maker’s stock after selling 20,561 shares during the period. HBW Advisory Services LLC’s holdings in NIKE were worth $610,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. OneDigital Investment Advisors LLC grew its holdings in shares of NIKE by 32.8% during the 2nd quarter. OneDigital Investment Advisors LLC now owns 244,296 shares of the footwear maker’s stock worth $10,028,000 after purchasing an additional 60,375 shares during the period. Douglas Lane & Associates LLC increased its position in NIKE by 57.7% during the 3rd 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. acquired a new stake in NIKE during the 3rd quarter worth approximately $1,153,000. Quantitative Investment Management LLC purchased a new position in NIKE in the second quarter valued at approximately $2,459,000. Finally, Deutsche Bank AG raised its holdings in NIKE by 8.0% in the second quarter. Deutsche Bank AG now owns 3,566,634 shares of the footwear maker’s stock valued at $146,410,000 after buying an additional 264,576 shares during the period. 64.25% of the stock is currently owned by hedge funds and other institutional investors.

More NIKE News

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: Investors seeking value boosted heavily sold consumer stocks, including Nike, as concerns about excessive AI spending prompted a shift away from technology shares. These Consumer Stocks Are Getting a Lift as Investors Rotate Out of Tech
• Positive Sentiment: Options activity was unusually strong, with traders purchasing approximately 181,646 NKE call options—about 27% above average volume—signaling increased bullish speculation, although it does not guarantee lasting gains.
• Neutral Sentiment: Recent commentary highlights Nike’s potential appeal as a turnaround and value investment after its steep decline, while noting that management still has to execute on its recovery strategy. Investigating one stock at a time before buying: Nike
• Negative Sentiment: Nike’s fundamental outlook remains challenging. Recent quarterly revenue declined 4.3% year over year to $11.21 billion, while Greater China sales reportedly fell 22%; management is also restructuring as sales weaken and costs rise. Nike Is Restructuring the Business
• Negative Sentiment: Investors face longer-term risks to income and valuation: Nike’s free cash flow may no longer fully cover its dividend, raising concerns ahead of the next dividend announcement after 24 consecutive years of increases. Nike Has Raised Its Dividend for 24 Straight Years

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on NKE shares. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $30.00 price target (down from $38.00) on shares of NIKE in a research report on Friday, October 2nd. CICC Research decreased their price objective on shares of NIKE from $58.00 to $44.80 and set a “neutral” rating for the company in a research note on Thursday, July 2nd. Guggenheim reissued a “buy” rating and issued a $50.00 price objective (down from $60.00) on shares of NIKE in a research report on Friday, October 2nd. Berenberg Bank set a $27.50 price objective on shares of NIKE and gave the stock a “sell” rating in a research report on Tuesday, October 6th. Finally, China Renaissance cut their target price on shares of NIKE from $50.30 to $47.30 and set a “hold” rating on the stock in a research note on Thursday, July 2nd. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, twenty-one have given a Hold rating and ten have given a Sell rating to the company. According to data from MarketBeat, NIKE currently has an average rating of “Reduce” and a consensus price target of $41.07.

Insider Buying and Selling

In other NIKE news, CFO Matthew Friend sold 2,463 shares of the 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 owned 82,165 shares of the company’s stock, valued at $3,418,064. This trade represents a 2.91% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Philip McCartney sold 2,559 shares of NIKE 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 $96,192.81. Following the sale, the executive vice president owned 78,121 shares in the company, valued at $2,936,568.39. This represents a 3.17% 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. Over the last quarter, insiders sold 14,974 shares of company stock valued at $600,126. Insiders own 1.10% of the company’s stock.

NIKE Price Performance

Shares of NYSE NKE opened at $37.19 on Friday. NIKE, Inc. has a 1-year low of $31.97 and a 1-year high of $70.44. The business has a 50-day moving average of $37.57 and a 200-day moving average of $41.65. 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 company has a market capitalization of $55.23 billion, a price-to-earnings ratio of 17.88, a PEG ratio of 3.99 and a beta of 1.09.

NIKE (NYSE:NKE) last posted its earnings results on Thursday, October 1st. The footwear maker reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.05. The business had revenue of $11.21 billion during the quarter, compared to analyst estimates of $11.32 billion. NIKE had a return on equity of 15.94% and a net margin of 6.74%. The company’s revenue for the quarter was down 4.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.49 earnings per share. NIKE has set its FY 2027 guidance at 1.150-1.350 EPS. On average, equities analysts anticipate that NIKE, Inc. will post 1.26 EPS for the current fiscal year.

NIKE Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Investors of record on Tuesday, September 1st were given a dividend of $0.41 per share. The ex-dividend date of this dividend was Tuesday, September 1st. This represents a $1.64 annualized dividend and a yield of 4.4%. NIKE’s payout ratio is 78.85%.

NIKE Company 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.