NIKE, Inc. $NKE Stock Purchased by Soltis Investment Advisors LLC

Key Points

• Soltis Investment Advisors increased its NIKE stake by 43.5% in the third quarter, bringing its holdings to 289,438 shares worth approximately $10.25 million. Institutional investors and hedge funds collectively own 64.25% of NKE.
• Analyst sentiment remains cautious: NIKE has a consensus “Reduce” rating and an average price target of $40.93, with 21 Hold and 11 Sell ratings among analysts surveyed.
• NIKE’s latest quarterly revenue fell 4.3% year over year to $11.21 billion, though earnings per share exceeded estimates. Shares opened at $38.37, while the company maintained a $0.41 quarterly dividend, equal to a 4.3% annualized yield.

Soltis Investment Advisors LLC increased its holdings in shares of NIKE, Inc. (NYSE:NKE - Free Report) by 43.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 289,438 shares of the footwear maker's stock after purchasing an additional 87,804 shares during the period. Soltis Investment Advisors LLC's holdings in NIKE were worth $10,246,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in NKE. OneDigital Investment Advisors LLC lifted its position in shares of NIKE by 32.8% during the second quarter. OneDigital Investment Advisors LLC now owns 244,296 shares of the footwear maker's stock worth $10,028,000 after purchasing an additional 60,375 shares in the last quarter. Douglas Lane & Associates LLC boosted its stake in shares of NIKE by 57.7% in the third quarter. Douglas Lane & Associates LLC now owns 1,521,611 shares of the footwear maker's stock valued at $53,865,000 after purchasing an additional 556,798 shares during the period. B.A. Schrock Wealth Management Inc. purchased a new position in shares of NIKE in the third quarter valued at $1,153,000. Quantitative Investment Management LLC purchased a new position in shares of NIKE in the second quarter valued at $2,459,000. Finally, Deutsche Bank AG boosted its stake in shares of NIKE by 8.0% in the second quarter. Deutsche Bank AG now owns 3,566,634 shares of the footwear maker's stock valued at $146,410,000 after purchasing an additional 264,576 shares during the period. 64.25% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Raymond James Financial reaffirmed a "market perform" rating on shares of NIKE in a research note on Tuesday, September 29th. Williams Trading lowered shares of NIKE from a "strong-buy" rating to a "hold" rating in a report on Friday, October 2nd. Benchmark raised shares of NIKE to a "hold" rating in a research report on Tuesday, September 22nd. Wall Street Zen downgraded NIKE from a "hold" rating to a "sell" rating in a research note on Saturday, October 3rd. Finally, Telsey Advisory Group set a $35.00 target price on NIKE and gave the company a "market perform" rating in a research note on Friday, October 2nd. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, twenty-one have issued a Hold rating and eleven have given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of "Reduce" and an average price target of $40.93.

Insider Activity at NIKE

In other NIKE news, insider Amy Montagne sold 4,867 shares of the stock in a transaction on Friday, August 7th. The shares were sold at an average price of $42.05, for a total transaction of $204,657.35. Following the transaction, the insider directly owned 57,436 shares in the company, valued at $2,415,183.80. This represents a 7.81% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, CFO Matthew Friend sold 2,463 shares of the firm's stock in a transaction 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 transaction, the chief financial officer directly owned 82,165 shares of the company's stock, valued at approximately $3,418,064. This represents 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. Over the last quarter, insiders have sold 14,974 shares of company stock valued at $600,126. 1.10% of the stock is owned by insiders.

Key Headlines Impacting NIKE

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: NIKE introduced the “Vegam Run” running shoe in India, targeting the country’s expanding running and fitness market. The initiative could help diversify growth away from China, where sales have been declining, and strengthen NIKE’s position in a strategically important market. Reuters article
• Positive Sentiment: Bernstein maintained its Buy rating, signaling that at least one major analyst continues to see value in NIKE’s turnaround potential despite near-term operating challenges. Bernstein rating article
• Neutral Sentiment: NIKE’s shares gained but lagged some competing stocks, suggesting the move was not driven by a broad re-rating of the athletic-apparel sector. MarketWatch performance article
• Negative Sentiment: Analysts and investors remain concerned that NIKE’s turnaround will take longer than expected. Portfolio commentary points to pressure on revenue, brand momentum and investor expectations, prompting some investors to reconsider their holdings. Yahoo Finance turnaround article
• Negative Sentiment: Comparisons with adidas highlight NIKE’s weaker recent sales and profitability trajectory, while competitors such as HOKA and UGG are also being monitored for their ability to capture market share. Zacks comparison article
• Negative Sentiment: A sharply reduced consensus price target and questions about whether NIKE’s dividend remains adequately supported by future cash flow underscore valuation and balance-sheet risks. Consensus target article

NIKE Stock Performance

Shares of NKE opened at $38.37 on Friday. The firm has a market cap of $56.99 billion, a price-to-earnings ratio of 18.45, a PEG ratio of 4.34 and a beta of 1.09. 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 business's 50 day moving average is $36.97 and its two-hundred day moving average is $46.41. NIKE, Inc. has a 52-week low of $31.97 and a 52-week high of $69.14.

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, topping analysts' consensus estimates of $0.43 by $0.05. NIKE had a net margin of 6.74% and a return on equity of 15.94%. The business had revenue of $11.21 billion during the quarter, compared to the consensus estimate of $11.32 billion. During the same quarter last year, the company earned $0.49 earnings per share. The business'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. Analysts forecast that NIKE, Inc. will post 1.22 EPS for the current fiscal year.

NIKE Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Investors 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 annualized dividend and a yield of 4.3%. 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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