NIKE, Inc. $NKE Stock Sold by Loring Wolcott & Coolidge Fiduciary Advisors LLP MA

Key Points

• Loring Wolcott & Coolidge Fiduciary Advisors cut its NIKE stake by 52.5% in the third quarter, selling 354,003 shares and retaining 320,822 shares valued at approximately $11.36 million.
• NIKE shares opened at $37.31, near the lower end of their 52-week range of $31.97 to $70.44. The company beat quarterly EPS expectations, but revenue fell 4.3% year over year and analysts’ consensus rating remains “Reduce,” with an average price target of $40.93.
• The company’s recovery outlook remains mixed: some analysts see upside from its brand reset, while concerns persist over slowing digital sales, weakness in Greater China, competitive pressure and broader discretionary-demand weakness. NIKE also maintains a quarterly dividend of $0.41 per share, yielding about 4.4%.

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA trimmed its position in shares of NIKE, Inc. (NYSE:NKE - Free Report) by 52.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 320,822 shares of the footwear maker's stock after selling 354,003 shares during the quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA's holdings in NIKE were worth $11,357,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. FAS Wealth Partners Inc. raised its stake in NIKE by 4.2% during the 1st 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 period. Elevation Wealth Partners LLC lifted its holdings in NIKE by 34.6% during the second quarter. Elevation Wealth Partners LLC now owns 989 shares of the footwear maker's stock worth $41,000 after acquiring an additional 254 shares in the last quarter. Midwest Professional Planners LTD. lifted its holdings in NIKE by 1.5% during the first quarter. Midwest Professional Planners LTD. now owns 17,904 shares of the footwear maker's stock worth $946,000 after acquiring an additional 266 shares in the last quarter. Advance Capital Management Inc. grew its stake in NIKE by 7.1% in the first quarter. Advance Capital Management Inc. now owns 4,203 shares of the footwear maker's stock valued at $222,000 after acquiring an additional 279 shares during the period. Finally, Elmwood Wealth Management Inc. grew its stake in NIKE by 2.7% in the second quarter. Elmwood Wealth Management Inc. now owns 10,666 shares of the footwear maker's stock valued at $438,000 after acquiring an additional 279 shares during the period. Institutional investors and hedge funds own 64.25% of the company's stock.

NIKE Price Performance

Shares of NKE opened at $37.31 on Monday. The stock has a market capitalization of $55.42 billion, a P/E ratio of 17.94, a P/E/G ratio of 4.37 and a beta of 1.09. NIKE, Inc. has a twelve month low of $31.97 and a twelve month high of $70.44. The company has a 50 day moving average of $37.12 and a 200-day moving average of $41.26. 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 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.43 by $0.05. The company had revenue of $11.21 billion for the quarter, compared to the consensus estimate of $11.32 billion. NIKE had a net margin of 6.74% and a return on equity of 15.94%. The firm's revenue was down 4.3% compared to the same quarter last year. During the same period last year, the company earned $0.49 earnings per share. 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 fiscal year.

NIKE Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Investors of record on Tuesday, September 1st were given 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 yield of 4.4%. NIKE's dividend payout ratio (DPR) is 78.85%.

Key NIKE News

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

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Weiss Ratings downgraded NIKE from a "sell (d+)" rating to a "sell (d)" rating in a report on Tuesday, October 6th. Royal Bank Of Canada cut their price objective on NIKE from $45.00 to $40.00 and set a "sector perform" rating on the stock in a report on Tuesday, September 29th. Guggenheim reiterated a "buy" rating and set a $50.00 price objective on shares of NIKE in a report on Thursday. China Renaissance decreased their price objective on NIKE from $50.30 to $47.30 and set a "hold" rating for the company in a research report on Thursday, July 2nd. Finally, Benchmark raised NIKE to a "hold" rating in a research note on Tuesday, September 22nd. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, twenty-one have issued a Hold rating and eleven have given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Reduce" and an average target price of $40.93.

Insider Buying and Selling at NIKE

In other NIKE news, CFO Matthew Friend sold 2,463 shares of NIKE stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $41.60, for a total value of $102,460.80. Following the sale, the chief financial officer directly owned 82,165 shares in the company, valued at approximately $3,418,064. The trade was a 2.91% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Philip McCartney sold 2,559 shares of the business'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 $96,192.81. Following the sale, the executive vice president directly owned 78,121 shares in the company, valued at $2,936,568.39. This trade represents a 3.17% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 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 quarter. 1.10% of the stock is currently owned by corporate insiders.

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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