NIKE, Inc. $NKE Shares Newly Acquired by Skylands Capital LLC

Key Points

• Skylands Capital acquired 57,600 NIKE shares in the third quarter, valued at approximately $2.04 million. Institutional investors collectively own 64.25% of the company, with several large funds increasing their positions.
• Analyst sentiment remains cautious: NIKE has a consensus rating of “Reduce” and an average price target of $41.07, compared with shares opening at $37.51.
• NIKE beat quarterly EPS estimates but reported a 4.3% year-over-year revenue decline. The company pays a $0.41 quarterly dividend, representing a 4.4% yield, while its turnaround remains pressured by weak demand, competition and restructuring efforts.

Skylands Capital LLC bought a new stake in NIKE, Inc. (NYSE:NKE - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 57,600 shares of the footwear maker's stock, valued at approximately $2,039,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. State Street Corp boosted 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 purchasing an additional 4,052,428 shares during the period. Flossbach Von Storch SE purchased a new position in NIKE during the 2nd quarter worth approximately $488,714,000. Amundi increased its position 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 buying an additional 2,406,609 shares during the period. Van ECK Associates Corp increased its position 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 buying an additional 286,395 shares during the period. Finally, Assenagon Asset Management S.A. increased its position in NIKE by 92.3% during the third quarter. Assenagon Asset Management S.A. now owns 4,789,274 shares of the footwear maker's stock worth $169,540,000 after buying an additional 2,298,400 shares during the period. 64.25% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on NKE shares. Oppenheimer set a $52.00 price objective on NIKE and gave the company an "outperform" rating in a research note on Wednesday, September 23rd. Benchmark upgraded shares of NIKE to a "hold" rating in a research report on Tuesday, September 22nd. KeyCorp reaffirmed a "sector weight" rating on shares of NIKE in a report on Friday, October 2nd. Morgan Stanley set a $27.00 target price on shares of NIKE and gave the company an "underweight" rating in a report on Friday, October 2nd. Finally, Rothschild & Co Redburn reduced their price target on shares of NIKE from $45.00 to $37.00 and set a "sell" rating for the company in a research report on Friday, July 17th. One research 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. According to data from MarketBeat, the stock currently has an average rating of "Reduce" and a consensus price target of $41.07.

NIKE Stock Performance

Shares of NKE stock opened at $37.51 on Thursday. The stock has a market capitalization of $55.72 billion, a PE ratio of 18.04, a price-to-earnings-growth ratio of 4.44 and a beta of 1.09. NIKE, Inc. has a 52-week low of $31.97 and a 52-week high of $70.44. The stock's 50-day moving average price is $37.25 and its 200 day moving average price is $41.35. The company has a quick ratio of 1.39, a current ratio of 2.07 and a debt-to-equity ratio of 0.39.

NIKE (NYSE:NKE - Get Free Report) last posted its quarterly earnings data on Thursday, October 1st. The footwear maker reported $0.48 EPS for the quarter, beating the consensus estimate of $0.43 by $0.05. NIKE had a return on equity of 15.94% and a net margin of 6.74%. The firm had revenue of $11.21 billion during the quarter, compared to the consensus estimate of $11.32 billion. During the same period in the prior year, the business earned $0.49 EPS. The firm's 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. As a group, equities research analysts forecast that NIKE, Inc. will post 1.22 EPS for the current year.

NIKE Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Stockholders of record on Tuesday, September 1st were issued a $0.41 dividend. 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 presently 78.85%.

Insider Buying and Selling

In other news, CFO Matthew Friend sold 2,463 shares of the company'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 owned 82,165 shares in the company, valued at $3,418,064. This represents a 2.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Venkatesh Alagirisamy sold 3,671 shares of the company's 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 $137,992.89. Following the sale, the chief operating officer owned 104,862 shares of the company's stock, valued at $3,941,762.58. This trade represents a 3.38% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 14,974 shares of company stock worth $600,126. 1.10% of the stock is currently owned by company insiders.

More NIKE News

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

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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