NIKE, Inc. $NKE Stock Acquired by Park National Corp OH

Key Points

• Park National Corp OH increased its NIKE stake by 25.2% in the third quarter, adding 140,387 shares to hold 698,565 shares valued at approximately $24.7 million. Institutional investors collectively own 64.25% of NIKE.
• Analyst sentiment remains cautious, with NIKE carrying a consensus “Hold” rating and an average price target of $41.80; recent targets ranged from $19 to $49.
• NIKE shares traded near $33.64, close to their 52-week low, after quarterly EPS beat estimates but revenue missed and fell 4.3% year over year. The company maintained a $0.41 quarterly dividend, equivalent to a 4.9% annualized yield.

Park National Corp OH grew its position in NIKE, Inc. (NYSE:NKE - Free Report) by 25.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 698,565 shares of the footwear maker's stock after purchasing an additional 140,387 shares during the period. Park National Corp OH's holdings in NIKE were worth $24,729,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the company. TCM Advisors LLC raised its position in NIKE by 1.8% in the fourth quarter. TCM Advisors LLC now owns 11,218 shares of the footwear maker's stock worth $715,000 after acquiring an additional 200 shares during the period. FAS Wealth Partners Inc. increased its position in NIKE by 4.2% in the first quarter. FAS Wealth Partners Inc. now owns 6,109 shares of the footwear maker's stock worth $323,000 after buying an additional 249 shares during the last quarter. Elevation Wealth Partners LLC raised its stake in shares of NIKE by 34.6% in the second quarter. Elevation Wealth Partners LLC now owns 989 shares of the footwear maker's stock valued at $41,000 after buying an additional 254 shares during the period. Midwest Professional Planners LTD. raised its stake in shares of NIKE by 1.5% in the first quarter. Midwest Professional Planners LTD. now owns 17,904 shares of the footwear maker's stock valued at $946,000 after buying an additional 266 shares during the period. Finally, Advance Capital Management Inc. lifted its position in shares of NIKE by 7.1% during the 1st quarter. Advance Capital Management Inc. now owns 4,203 shares of the footwear maker's stock valued at $222,000 after buying an additional 279 shares during the last quarter. 64.25% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently weighed in on NKE shares. Berenberg Bank set a $49.00 price objective on NIKE and gave the stock a "hold" rating in a report on Friday, July 3rd. BMO Capital Markets reiterated an "underperform" rating and issued a $25.00 target price on shares of NIKE in a research note on Friday. BNP Paribas Exane set a $19.00 price target on shares of NIKE and gave the company an "underperform" rating in a research report on Friday. Rothschild & Co Redburn reduced their price objective on shares of NIKE from $45.00 to $37.00 and set a "sell" rating for the company in a research note on Friday, July 17th. Finally, DZ Bank restated a "buy" rating on shares of NIKE in a research report on Tuesday, June 30th. One investment analyst has rated the stock with a Strong Buy rating, eight have given a Buy rating, twenty-two have given a Hold rating and eight have issued a Sell rating to the stock. According to MarketBeat.com, NIKE currently has a consensus rating of "Hold" and an average price target of $41.80.

Insider Transactions at NIKE

In related news, COO Venkatesh Alagirisamy sold 3,671 shares of the firm's stock in a transaction dated Wednesday, September 9th. The stock was sold at an average price of $37.59, for a total transaction of $137,992.89. Following the transaction, the chief operating officer directly owned 104,862 shares of the company's stock, valued at approximately $3,941,762.58. This trade represents a 3.38% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Matthew Friend sold 2,463 shares of the stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $41.60, for a total transaction of $102,460.80. Following the transaction, the chief financial officer owned 82,165 shares in the company, valued at $3,418,064. The trade was a 2.91% decrease in their ownership of the stock. 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 have sold a total of 14,974 shares of company stock valued at $600,126 over the last 90 days. Company insiders own 1.10% of the company's stock.

NIKE News Summary

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: NIKE plans to generate approximately $2.5 billion in “Pace” savings through fiscal 2031 while continuing to fund product innovation and marketing. Cost controls could support margins if management can stabilize demand. NIKE's Cost Controls vs. Growth Investments: Right Tradeoff?
• Positive Sentiment: Some investors see potential long-term support from NIKE’s strong balance sheet, debt reduction and nearly 4.8% dividend yield. A rare Wall Street upgrade and a separate upgrade to “Buy” provide limited counterpoints to the broader bearish sentiment. Could Nike’s Brutal Sell-Off Finally Be Running Out of Steam? Nike stock receives rare Wall Street bullish upgrade
• Neutral Sentiment: NIKE’s earnings report beat consensus EPS estimates, but revenue missed expectations and declined year over year. The company also announced restructuring that is expected to include layoffs, highlighting the scale of the turnaround effort. Is Buying Nike Stock Now a Brilliant Move or a Disaster Waiting to Happen?
• Negative Sentiment: Management expects fiscal 2027 revenue to decline by a high-single-digit percentage, with weakness expected to persist through 2028. China sales reportedly dropped 26%, while core brands, international growth and inventory management remain challenged. Nike's Earnings Are a Disaster
• Negative Sentiment: Multiple firms, including Williams Trading, Needham, JPMorgan, Citigroup, BTIG, Stifel and Baird, have issued “Hold” ratings, reduced price targets or pessimistic forecasts. Heavy bearish options activity indicates traders are positioning for further weakness. Struggling Nike Stock Popular Amongst Options Bears
• Negative Sentiment: Commentary also questions whether the dividend is fully supported by free cash flow and argues that the stock may remain expensive relative to declining earnings, despite its substantial decline from prior highs. Nike: The Falling Knife Masterclass

NIKE Price Performance

NYSE:NKE traded down $0.23 during trading hours on Monday, hitting $33.64. 41,563,237 shares of the company's stock traded hands, compared to its average volume of 24,218,762. NIKE, Inc. has a 52 week low of $31.97 and a 52 week high of $72.39. The business's fifty day simple moving average is $38.88 and its two-hundred day simple moving average is $42.79. 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 firm has a market cap of $49.91 billion, a P/E ratio of 16.18, a P/E/G ratio of 2.58 and a beta of 1.09.

NIKE (NYSE:NKE - Get Free Report) last released its quarterly earnings results on Thursday, October 1st. The footwear maker reported $0.48 earnings per share 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 analysts' expectations of $11.32 billion. NIKE had a return on equity of 15.94% and a net margin of 6.74%.The company's revenue was down 4.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.49 EPS. NIKE has set its FY 2027 guidance at 1.150-1.350 EPS. On average, research analysts anticipate that NIKE, Inc. will post 1.46 earnings per share for the current fiscal year.

NIKE Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Stockholders of record on Tuesday, September 1st were issued a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date was Tuesday, September 1st. NIKE's dividend payout ratio is presently 78.85%.

About NIKE

NIKE, Inc is a global sportswear company that designs, develops, markets and sells athletic footwear, apparel, equipment, accessories and related services. Its products are marketed under the NIKE, Jordan and Converse brands and are used across a broad range of sports and lifestyle activities, including running, basketball, football, training and outdoor pursuits.

The company distributes its products through a combination of wholesale partners, NIKE-owned retail stores and digital platforms.

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