Investment House LLC Sells 28,405 Shares of NIKE, Inc. $NKE

Key Points

• Investment House LLC cut its NIKE stake by 73.5% in the third quarter, selling 28,405 shares and retaining 10,226 shares valued at approximately $362,000. Institutional investors and hedge funds collectively own 64.25% of NIKE.
• Analyst sentiment remains cautious: NIKE has an average “Reduce” rating and a $40.93 price target, with 21 Hold and 11 Sell ratings. Several firms recently lowered their targets, including Goldman Sachs to $30 and Piper Sandler to $28.
• NIKE beat quarterly EPS expectations, reporting $0.48 versus the $0.43 consensus, but revenue declined 4.3% year over year to $11.21 billion. Shares opened at $37.31, near their 52-week low, while the company maintained a quarterly dividend of $0.41 per share.

Investment House LLC lowered its stake in NIKE, Inc. (NYSE:NKE - Free Report) by 73.5% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,226 shares of the footwear maker's stock after selling 28,405 shares during the quarter. Investment House LLC's holdings in NIKE were worth $362,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. SBI Securities Co. Ltd. increased its position in shares of NIKE by 8.4% in the third quarter. SBI Securities Co. Ltd. now owns 50,388 shares of the footwear maker's stock worth $1,784,000 after acquiring an additional 3,916 shares in the last quarter. Reyes Financial Architecture Inc. acquired a new stake in shares of NIKE during the third quarter valued at approximately $26,000. Vest Financial LLC lifted its position in shares of NIKE by 9.3% in the 3rd quarter. Vest Financial LLC now owns 182,796 shares of the footwear maker's stock valued at $6,471,000 after acquiring an additional 15,492 shares in the last quarter. Skylands Capital LLC purchased a new stake in shares of NIKE in the 3rd quarter valued at approximately $2,039,000. Finally, Axxcess Wealth Management LLC purchased a new stake in shares of NIKE in the 3rd quarter valued at approximately $441,000. Institutional investors and hedge funds own 64.25% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on NKE. Stifel Nicolaus lowered their price objective on shares of NIKE from $40.00 to $36.00 and set a "hold" rating on the stock in a research report on Friday, October 2nd. Telsey Advisory Group set a $35.00 target price on NIKE and gave the company a "market perform" rating in a report on Friday, October 2nd. Piper Sandler set a $28.00 target price on NIKE and gave the stock a "neutral" rating in a research report on Friday, October 2nd. The Goldman Sachs Group reaffirmed a "neutral" rating and issued a $30.00 target price (down from $38.00) on shares of NIKE in a research report on Friday, October 2nd. Finally, HSBC lowered their price target on NIKE from $48.00 to $40.00 and set a "hold" rating on the stock in a report on Monday, September 28th. 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 given a Sell rating to the company. According to MarketBeat, the stock has an average rating of "Reduce" and an average target price of $40.93.

Insider Buying and Selling at NIKE

In other NIKE news, 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 value of $96,192.81. Following the completion of the sale, the executive vice president directly owned 78,121 shares in the company, valued at $2,936,568.39. The trade was a 3.17% decrease in their ownership of the stock. The transaction 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, CFO Matthew Friend sold 2,463 shares of the business's stock in a transaction that occurred on Wednesday, August 5th. The stock was 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 directly owned 82,165 shares of the company's stock, valued at $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. Insiders have sold 14,974 shares of company stock valued at $600,126 over the last three months. 1.10% of the stock is owned by insiders.

NIKE News Summary

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 Stock Down 2.6%

NKE opened at $37.31 on Friday. The company has a market capitalization of $55.42 billion, a PE ratio of 17.94, a price-to-earnings-growth ratio of 4.49 and a beta of 1.09. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.07 and a quick ratio of 1.39. NIKE, Inc. has a fifty-two week low of $31.97 and a fifty-two week high of $70.44. The business has a 50-day moving average of $37.12 and a 200-day moving average of $41.28.

NIKE (NYSE:NKE - Get Free Report) last announced its quarterly earnings results on Thursday, October 1st. The footwear maker reported $0.48 EPS for the quarter, beating the consensus estimate 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 return on equity of 15.94% and a net margin of 6.74%. During the same quarter in the previous year, the business posted $0.49 EPS. The firm's quarterly revenue was down 4.3% compared to the same quarter last year. NIKE has set its FY 2027 guidance at 1.150-1.350 EPS. Equities research analysts forecast that NIKE, Inc. will post 1.22 EPS for the current fiscal year.

NIKE Dividend Announcement

The firm also recently disclosed 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. This represents a $1.64 annualized dividend and a yield of 4.4%. The ex-dividend date of this dividend was Tuesday, September 1st. NIKE's dividend payout ratio (DPR) is presently 78.85%.

NIKE 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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