44,521 NIKE, Inc. $NKE Shares Sold by Wedbush Securities Inc.

Key Points

• Wedbush Securities cut its NIKE stake by 39.2%, selling 44,521 shares and retaining 69,116 shares valued at approximately $2.45 million. Institutional investors collectively own 64.25% of the company, with several other major firms increasing their positions.
• NIKE shares opened at $37.31, near the lower end of their 52-week range of $31.97 to $70.44. The company exceeded quarterly EPS expectations at $0.48, but revenue fell 4.3% year over year to $11.21 billion.
• Analyst sentiment remains cautious, with NIKE carrying an average “Reduce” rating and a $40.93 price target, though some firms see recovery potential. The company also maintains a quarterly dividend of $0.41 per share, representing a 4.4% annualized yield.

Wedbush Securities Inc. lowered its stake in shares of NIKE, Inc. (NYSE:NKE - Free Report) by 39.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 69,116 shares of the footwear maker's stock after selling 44,521 shares during the quarter. Wedbush Securities Inc.'s holdings in NIKE were worth $2,447,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Flossbach Von Storch SE purchased a new stake in shares of NIKE during the second quarter valued at about $488,714,000. State Street Corp raised its stake in shares of NIKE by 6.8% during the 2nd quarter. State Street Corp now owns 63,598,789 shares of the footwear maker's stock worth $2,636,104,000 after acquiring an additional 4,052,428 shares in the last quarter. Confluence Investment Management LLC raised its stake in shares of NIKE by 873.8% during the 3rd quarter. Confluence Investment Management LLC now owns 2,720,616 shares of the footwear maker's stock worth $96,310,000 after acquiring an additional 2,441,233 shares in the last quarter. Equity Investment Corp purchased a new stake in NIKE during the second quarter valued at approximately $99,531,000. Finally, Amundi lifted its position in NIKE by 59.4% during 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. 64.25% of the stock is currently owned by institutional investors.

NIKE Stock Down 2.6%

NYSE:NKE opened at $37.31 on Friday. 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 twelve month low of $31.97 and a twelve month high of $70.44. The company has a market cap of $55.42 billion, a PE ratio of 17.94, a P/E/G ratio of 4.37 and a beta of 1.09. The company's 50 day moving average is $37.12 and its two-hundred day moving average is $41.28.

NIKE (NYSE:NKE - Get Free Report) last posted its quarterly earnings results on Thursday, October 1st. The footwear maker reported $0.48 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.43 by $0.05. The business had revenue of $11.21 billion during the quarter, compared to analysts' expectations of $11.32 billion. NIKE had a net margin of 6.74% and a return on equity of 15.94%. The business's quarterly revenue was down 4.3% on a year-over-year basis. During the same quarter last year, the company posted $0.49 earnings per share. NIKE has set its FY 2027 guidance at 1.150-1.350 EPS. Analysts anticipate that NIKE, Inc. will post 1.22 EPS for the current year.

NIKE Announces Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend was Tuesday, September 1st. This represents a $1.64 dividend on an annualized basis and a dividend yield of 4.4%. NIKE's payout ratio is 78.85%.

Insider Transactions at NIKE

In related news, 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 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 on Wednesday, August 5th. The stock was sold at an average price of $41.60, for a total value of $102,460.80. Following the completion of the transaction, 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 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. Insiders sold 14,974 shares of company stock valued at $600,126 in the last quarter. Insiders own 1.10% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have issued reports on NKE. Deutsche Bank Aktiengesellschaft reaffirmed a "hold" rating and issued a $33.00 price target on shares of NIKE in a report on Friday, October 9th. KeyCorp reiterated a "sector weight" rating on shares of NIKE in a report on Friday, October 2nd. Raymond James Financial reiterated a "market perform" rating on shares of NIKE in a report on Tuesday, September 29th. Needham & Company LLC reissued a "hold" rating on shares of NIKE in a research report on Friday, October 2nd. Finally, Berenberg Bank set a $27.50 price objective on NIKE and gave the stock a "sell" rating in a research report on Tuesday, October 6th. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, twenty-one have assigned a Hold rating and eleven have issued a Sell rating to the stock. Based on data from MarketBeat.com, NIKE has an average rating of "Reduce" and an average price target of $40.93.

Key Stories 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

About NIKE

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.

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