NIKE, Inc. $NKE Shares Bought by MGO One Seven LLC

MGO One Seven LLC raised its stake in NIKE, Inc. (NYSE:NKE) by 127.7% in the 3rd quarter, Holdings Channel reports. The institutional investor owned 42,545 shares of the footwear maker’s stock after buying an additional 23,859 shares during the period. MGO One Seven LLC’s holdings in NIKE were worth $1,506,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in NKE. FAS Wealth Partners Inc. raised its holdings in shares of 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 acquiring an additional 249 shares during the period. Elevation Wealth Partners LLC boosted its position in shares of NIKE by 34.6% during the 2nd quarter. Elevation Wealth Partners LLC now owns 989 shares of the footwear maker’s stock valued at $41,000 after acquiring an additional 254 shares during the last quarter. Midwest Professional Planners LTD. boosted its position in shares of NIKE by 1.5% during the 1st quarter. Midwest Professional Planners LTD. now owns 17,904 shares of the footwear maker’s stock valued at $946,000 after acquiring an additional 266 shares during the last quarter. Elmwood Wealth Management Inc. boosted its position in shares of NIKE by 2.7% during the 2nd 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 last quarter. Finally, Verus Capital Partners LLC grew its holdings in shares of NIKE by 2.2% in the first quarter. Verus Capital Partners LLC now owns 13,375 shares of the footwear maker’s stock valued at $706,000 after purchasing an additional 283 shares during the period. 64.25% of the stock is currently owned by hedge funds and other institutional investors.

NIKE Stock Performance

Shares of NIKE stock opened at $40.48 on Thursday. NIKE, Inc. has a 52 week low of $31.97 and a 52 week high of $69.14. The business’s fifty day simple moving average is $36.88 and its 200-day simple moving average is $45.88. The firm has a market cap of $60.13 billion, a PE ratio of 24.67, a price-to-earnings-growth ratio of 4.49 and a beta of 1.01. 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) 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. The business had revenue of $11.21 billion during 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 period in the prior year, the business posted $0.49 EPS. NIKE has set its FY 2027 guidance at 1.150-1.350 EPS. Equities analysts forecast that NIKE, Inc. will post 1.22 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms recently issued reports on NKE. Royal Bank Of Canada cut their price objective on shares of NIKE from $45.00 to $40.00 and set a “sector perform” rating for the company in a research report on Tuesday, September 29th. Piper Sandler set a $28.00 target price on shares of NIKE and gave the company a “neutral” rating in a report on Friday, October 2nd. Wolfe Research began coverage on shares of NIKE in a report on Wednesday, October 21st. They issued an “underperform” rating and a $28.00 target price on the stock. Wall Street Zen cut shares of NIKE from a “hold” rating to a “sell” rating in a research note on Saturday, October 3rd. Finally, Guggenheim restated a “buy” rating and set a $50.00 price target on shares of NIKE in a report on Thursday, October 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 issued a Sell rating to the company. According to data from MarketBeat.com, NIKE presently has a consensus rating of “Reduce” and a consensus price target of $40.93.

NIKE News Roundup

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: A market-wide rebound in beaten-down consumer stocks helped lift Nike alongside peers; the move appears driven more by improving sector sentiment than by a new Nike-specific announcement. Article: Nike Climbs as Dow Rally Lifts Consumer Stocks
• Neutral Sentiment: Nike’s Sport Offense reset, fresh product launches and focus on performance categories could help restore momentum and protect full-price sales. However, the strategy’s success remains unproven, and weakness in Sportswear is still a concern. Article: NIKE’s Product Reset
• Neutral Sentiment: Stifel reiterated its Hold rating ahead of Investor Day, signaling limited conviction in the near-term upside. The event could provide investors with more detail on Nike’s turnaround plans. Article: Stifel Reiterates Hold Rating on Nike into Investor Day
• Negative Sentiment: Recent gains may have made the risk-reward less attractive, according to one analysis, despite Nike’s still-high dividend yield. That reflects ongoing concern that the recovery may take time. Article: Nike’s Dividend Yield Is Still Attractive, But I Can’t Say the Same About NKE Stock
• Negative Sentiment: Turnaround risks persist: coverage notes sales and near-term earnings pressure, with fiscal 2027 sales expected to decline. Product launches and restructuring may help, but investors are still waiting for evidence of a sustained recovery. Article: Will Product Reset Change Nike’s Narrative

Insider Buying and Selling at NIKE

In other NIKE news, EVP Philip McCartney sold 2,559 shares of the company’s stock in a transaction dated Wednesday, September 9th. The shares were sold at an average price of $37.59, for a total value of $96,192.81. Following the transaction, the executive vice president owned 78,121 shares of the company’s stock, valued at $2,936,568.39. This represents a 3.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Amy Montagne sold 4,867 shares of the stock in a transaction dated Friday, August 7th. The stock was 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 of the company’s stock, valued at approximately $2,415,183.80. This trade represents a 7.81% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 11,097 shares of company stock valued at $438,843 over the last 90 days. 1.10% of the stock is owned by 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.