Laurel Wealth Advisors LLC Sells 30,715 Shares of NIKE, Inc. $NKE

Key Points

• Laurel Wealth Advisors cut its NIKE position by 62.6%, selling 30,715 shares and retaining 18,356 shares valued at approximately $650,000. Institutional investors overall own 64.25% of NIKE.
• Analyst sentiment remains cautious, with a consensus “Reduce” rating and a $40.93 target price. Recent coverage included Wolfe Research’s “Underperform” rating and lowered price targets from other firms.
• NIKE beat quarterly EPS estimates but reported 4.3% year-over-year revenue decline to $11.21 billion. The company pays a $0.41 quarterly dividend, yielding about 4.4%, though its 78.85% payout ratio highlights the importance of improving cash generation.

Laurel Wealth Advisors LLC cut its position in NIKE, Inc. (NYSE:NKE - Free Report) by 62.6% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 18,356 shares of the footwear maker's stock after selling 30,715 shares during the period. Laurel Wealth Advisors LLC's holdings in NIKE were worth $650,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in NKE. State Street Corp increased its position 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 valued at $2,636,104,000 after buying an additional 4,052,428 shares in the last quarter. Flossbach Von Storch SE bought a new position in NIKE during the second quarter worth about $488,714,000. Amundi lifted its holdings in NIKE by 59.4% during the second quarter. Amundi now owns 6,460,398 shares of the footwear maker's stock worth $265,199,000 after acquiring an additional 2,406,609 shares in the last quarter. Van ECK Associates Corp lifted its holdings in NIKE by 4.8% during the second quarter. Van ECK Associates Corp now owns 6,257,863 shares of the footwear maker's stock worth $256,885,000 after acquiring an additional 286,395 shares in the last quarter. Finally, Swiss National Bank grew its stake in NIKE by 7.3% in the first quarter. Swiss National Bank now owns 3,496,700 shares of the footwear maker's stock valued at $184,696,000 after acquiring an additional 237,600 shares during the period. 64.25% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. CICC Research lowered their price target on NIKE from $58.00 to $44.80 and set a "neutral" rating for the company in a report on Thursday, July 2nd. Piper Sandler set a $28.00 price objective on NIKE and gave the company a "neutral" rating in a report on Friday, October 2nd. Wolfe Research started coverage on NIKE in a report on Wednesday, October 21st. They set an "underperform" rating and a $28.00 price objective on the stock. Wells Fargo & Company set a $30.00 price objective on NIKE and gave the company an "equal weight" rating in a research report on Friday, October 2nd. Finally, Wall Street Zen cut NIKE from a "hold" rating to a "sell" rating in a research note on Saturday, October 3rd. 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 assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Reduce" and a consensus target price of $40.93.

Insider Transactions at NIKE

In related news, EVP Philip McCartney sold 2,559 shares of NIKE stock in a transaction that occurred on Wednesday, September 9th. The stock was sold at an average price of $37.59, for a total value of $96,192.81. Following the sale, the executive vice president owned 78,121 shares of the company's stock, valued at approximately $2,936,568.39. This trade represents a 3.17% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Venkatesh Alagirisamy sold 3,671 shares of the business's 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 $137,992.89. Following the completion of the sale, the chief operating officer owned 104,862 shares in the company, valued at $3,941,762.58. The trade was a 3.38% 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 over the last three months. 1.10% of the stock is currently owned by corporate insiders.

Trending Headlines about NIKE

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: NIKE’s upcoming Investor Day could provide greater clarity on its product, leadership, geographic and brand-recovery strategies. The company is also pursuing its “Pace Transformation,” which targets approximately $2.5 billion in cumulative savings through fiscal 2031 and could improve margins if successfully executed. NIKE Investor Day announcement NIKE Pace Transformation analysis
• Neutral Sentiment: At roughly $37 per share, NIKE’s dividend yield has become unusually attractive relative to government bonds, which may support income-oriented demand. However, the valuation depends on whether the company can restore sales growth and generate enough cash to comfortably fund the payout. NIKE dividend analysis
• Negative Sentiment: Analysts and market commentary remain cautious. Wolfe Research initiated coverage with an Underperform rating, while the consensus price target was reduced. Recent comparisons also favor adidas, which is reportedly benefiting from stronger sales, digital momentum and improving profitability. Wolfe Research NIKE rating NIKE versus adidas growth comparison
• Negative Sentiment: The latest earnings showed the core problem: revenue declined 4.3% year over year and came in below expectations, despite an earnings-per-share beat. Investors are therefore focused on whether innovation and cost cuts can reverse declining demand. The dividend may also be at risk if cash generation remains below distributions. NIKE dividend risk analysis

NIKE Trading Down 1.1%

NKE opened at $37.15 on Thursday. The stock has a market capitalization of $55.17 billion, a P/E ratio of 17.86, a P/E/G ratio of 4.37 and a beta of 1.09. NIKE, Inc. has a 12 month low of $31.97 and a 12 month high of $69.14. The firm's fifty day simple moving average is $37.02 and its 200 day simple moving average is $46.54. 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 (NYSE:NKE - Get Free Report) last announced its earnings results on Thursday, October 1st. The footwear maker reported $0.48 earnings per share for the quarter, topping analysts' consensus estimates of $0.43 by $0.05. The firm had revenue of $11.21 billion during the quarter, compared to analyst estimates of $11.32 billion. NIKE had a net margin of 6.74% and a return on equity of 15.94%. The company's revenue for the quarter was down 4.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.49 EPS. NIKE has set its FY 2027 guidance at 1.150-1.350 EPS. As a group, research analysts anticipate that NIKE, Inc. will post 1.22 EPS for the current fiscal year.

NIKE Dividend Announcement

The company also recently disclosed 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 annualized dividend and a dividend yield of 4.4%. The ex-dividend date of this dividend was Tuesday, September 1st. NIKE's dividend payout ratio is currently 78.85%.

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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