Inlet Private Wealth LLC Makes New $1.33 Million Investment in NIKE, Inc. $NKE

Key Points

• Inlet Private Wealth bought 37,685 NIKE shares worth approximately $1.33 million during the third quarter. Institutional investors own 64.25% of the company, while insiders have recently sold shares.
• NIKE reported quarterly EPS of $0.48, beating estimates of $0.43, but revenue fell 4.3% year over year to $11.21 billion. Analysts remain cautious, with a consensus “Reduce” rating and an average price target of $41.07.
• The company paid a quarterly dividend of $0.41 per share, equivalent to a 4.4% annualized yield. However, weak demand, limited product momentum, competition and restructuring efforts continue to weigh on the turnaround outlook.

Inlet Private Wealth LLC purchased a new stake in NIKE, Inc. (NYSE:NKE - Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 37,685 shares of the footwear maker's stock, valued at approximately $1,334,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. State Street Corp boosted its stake in NIKE by 6.8% during 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 during the last quarter. Flossbach Von Storch SE acquired a new position in NIKE during the 2nd quarter worth $488,714,000. Amundi increased its position in shares of NIKE by 59.4% in the 2nd quarter. Amundi now owns 6,460,398 shares of the footwear maker's stock worth $265,199,000 after purchasing an additional 2,406,609 shares during the last quarter. Van ECK Associates Corp increased its position in shares of NIKE by 4.8% in the 2nd quarter. Van ECK Associates Corp now owns 6,257,863 shares of the footwear maker's stock worth $256,885,000 after purchasing an additional 286,395 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its position in shares of NIKE by 92.3% in the 3rd quarter. Assenagon Asset Management S.A. now owns 4,789,274 shares of the footwear maker's stock worth $169,540,000 after purchasing an additional 2,298,400 shares during the last quarter. 64.25% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Amy Montagne sold 4,867 shares of the 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 of the company's stock, valued at $2,415,183.80. This trade represents a 7.81% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Matthew Friend sold 2,463 shares of NIKE stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $41.60, for a total transaction 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 represents a 2.91% 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. In the last three months, insiders sold 14,974 shares of company stock worth $600,126. 1.10% of the stock is owned by insiders.

NIKE Trading Down 1.0%

Shares of NYSE NKE opened at $37.51 on Thursday. The company has a market cap of $55.72 billion, a price-to-earnings ratio of 18.04, a price-to-earnings-growth ratio of 4.44 and a beta of 1.09. NIKE, Inc. has a 12-month low of $31.97 and a 12-month high of $70.44. The company has a current ratio of 2.07, a quick ratio of 1.39 and a debt-to-equity ratio of 0.39. The stock's 50 day simple moving average is $37.25 and its 200 day simple moving average is $41.35.

NIKE (NYSE:NKE - Get Free Report) last released its quarterly earnings data 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 business's revenue for the quarter was down 4.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.49 EPS. NIKE has set its FY 2027 guidance at 1.150-1.350 EPS. Equities research analysts expect that NIKE, Inc. will post 1.22 EPS for the current year.

NIKE Announces Dividend

The company also recently declared 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 annualized dividend and a dividend yield of 4.4%. NIKE's payout ratio is 78.85%.

Analyst Upgrades and Downgrades

NKE has been the topic of a number of recent analyst reports. Guggenheim restated a "buy" rating and issued a $50.00 target price (down from $60.00) on shares of NIKE in a research note on Friday, October 2nd. Benchmark upgraded NIKE to a "hold" rating in a research note on Tuesday, September 22nd. Barclays set a $37.00 price objective on NIKE and gave the company an "overweight" rating in a report on Monday, October 5th. Needham & Company LLC reissued a "hold" rating on shares of NIKE in a report on Friday, October 2nd. Finally, BNP Paribas Exane set a $19.00 price objective on NIKE and gave the company an "underperform" rating in a research note on Friday, October 2nd. One investment analyst has rated the stock with a Strong Buy rating, seven have issued 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 a consensus rating of "Reduce" and a consensus price target of $41.07.

NIKE News Roundup

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: Valuation and income appeal are attracting some investor interest. NIKE trades at roughly 18 times earnings, below the broader market’s multiple, while its dividend yield is approximately 4.4% after the stock’s sharp decline. Historical seasonality could also support a potential November recovery. Nike Now Yields More Than Procter & Gamble and Twice as Much as Coca-Cola
• Positive Sentiment: The average brokerage price target is about $41.07, modestly above recent trading levels, suggesting analysts see some recovery potential if management can execute its product and portfolio reset. NIKE Stock Has Average Price Target of $41.07
• Neutral Sentiment: NIKE retains a powerful global brand, extensive digital reach and a broad product portfolio. However, investors are weighing those strengths against the more defensive positioning of steadier consumer companies such as Procter & Gamble. Nike vs. Procter & Gamble
• Negative Sentiment: The core turnaround remains under pressure: management expects fiscal 2027 sales to decline, while stagnant demand, weak product momentum and intense competition have limited visibility into a recovery. Restructuring and layoffs may reduce costs, but they also highlight the scale of the turnaround challenge. Nike Restructuring and Layoffs
• Negative Sentiment: Zacks Research issued a “Strong Sell” rating and cut EPS estimates across fiscal 2027–2029, including reducing fiscal 2027 EPS from $1.69 to $1.26 and fiscal 2029 EPS from $2.56 to $2.00. These revisions reinforce concerns that earnings recovery may take longer than expected. NIKE Analyst Estimates

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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