91,600 Shares in NIKE, Inc. $NKE Bought by Grace & White Inc. NY

Key Points

• Grace & White Inc. NY acquired 91,600 NIKE shares in the third quarter, valued at approximately $3.24 million. Institutional investors collectively own 64.25% of the company.
• Analyst sentiment remains cautious: NIKE has an average “Reduce” rating and a consensus price target of $40.93, with recent downgrades from HSBC, Citigroup and Zacks.
• NIKE reported quarterly EPS of $0.48, exceeding estimates, but revenue fell 4.3% year over year to $11.21 billion. The company also maintains a quarterly dividend of $0.41 per share, producing a 4.4% annualized yield.

Grace & White Inc. NY acquired a new stake in NIKE, Inc. (NYSE:NKE - Free Report) in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund acquired 91,600 shares of the footwear maker's stock, valued at approximately $3,243,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. State Street Corp lifted 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 worth $2,636,104,000 after purchasing an additional 4,052,428 shares in the last quarter. Flossbach Von Storch SE acquired a new stake in NIKE in the 2nd quarter valued at $488,714,000. Amundi grew its position in NIKE by 59.4% in the 2nd quarter. Amundi now owns 6,460,398 shares of the footwear maker's stock valued at $265,199,000 after purchasing an additional 2,406,609 shares during the period. Van ECK Associates Corp increased its stake in NIKE by 4.8% during the 2nd quarter. Van ECK Associates Corp now owns 6,257,863 shares of the footwear maker's stock valued at $256,885,000 after purchasing an additional 286,395 shares in the last quarter. Finally, Swiss National Bank increased its stake in NIKE by 7.3% during the 1st quarter. Swiss National Bank now owns 3,496,700 shares of the footwear maker's stock valued at $184,696,000 after purchasing an additional 237,600 shares in the last quarter. 64.25% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

NKE has been the topic of a number of recent research reports. BTIG Research reaffirmed a "buy" rating and issued a $50.00 price objective on shares of NIKE in a research note on Thursday. KeyCorp reissued a "sector weight" rating on shares of NIKE in a research report on Friday, October 2nd. HSBC lowered their target price on shares of NIKE from $48.00 to $40.00 and set a "hold" rating on the stock in a report on Monday, September 28th. Citigroup dropped their price target on shares of NIKE from $39.00 to $32.00 and set a "neutral" rating on the stock in a research report on Friday, October 2nd. Finally, Zacks Research downgraded NIKE from a "hold" rating to a "strong sell" rating in a research note on Thursday, October 1st. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, twenty-one have given a Hold rating and eleven have assigned a Sell rating to the company. Based on data from MarketBeat, NIKE presently has an average rating of "Reduce" and an average price target of $40.93.

NIKE Stock Down 2.6%

NKE opened at $37.31 on Friday. 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 stock has a market cap of $55.42 billion, a price-to-earnings ratio of 17.94, a PEG ratio of 4.37 and a beta of 1.09. NIKE, Inc. has a twelve month low of $31.97 and a twelve month high of $70.44. The company's 50-day moving average price is $37.12 and its two-hundred day moving average price is $41.28.

NIKE (NYSE:NKE - Get Free Report) last issued its earnings results on Thursday, October 1st. The footwear maker reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.05. The firm had revenue of $11.21 billion for 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 business's revenue was down 4.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.49 earnings per share. NIKE has set its FY 2027 guidance at 1.150-1.350 EPS. As a group, equities analysts expect that NIKE, Inc. will post 1.22 earnings per share for the current year.

NIKE Dividend Announcement

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

Insiders Place Their Bets

In other news, EVP Philip McCartney sold 2,559 shares of the stock in a transaction on Wednesday, September 9th. The shares were sold at an average price of $37.59, for a total value of $96,192.81. Following the transaction, the executive vice president owned 78,121 shares of the company's stock, valued at $2,936,568.39. This represents a 3.17% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Amy Montagne sold 4,867 shares of the firm's stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $42.05, for a total value of $204,657.35. Following the sale, the insider owned 57,436 shares in the company, valued at $2,415,183.80. The trade was a 7.81% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 14,974 shares of company stock valued at $600,126 in the last ninety days. Corporate insiders own 1.10% of the company's stock.

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 Company 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.

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