NIKE, Inc. $NKE Stock: First Citizens Bank & Trust Co. Increases Stake

First Citizens Bank & Trust Co. lifted its stake in NIKE, Inc. (NYSE:NKE) by 89.3% in the 3rd quarter, HoldingsChannel reports. The firm owned 34,697 shares of the footwear maker’s stock after buying an additional 16,368 shares during the quarter. First Citizens Bank & Trust Co.’s holdings in NIKE were worth $1,228,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Roberts Wealth Advisors LLC lifted its position in NIKE by 2.0% during the third quarter. Roberts Wealth Advisors LLC now owns 71,428 shares of the footwear maker’s stock valued at $2,529,000 after buying an additional 1,406 shares during the period. KMG Fiduciary Partners LLC lifted its holdings in shares of NIKE by 29.1% during the third quarter. KMG Fiduciary Partners LLC now owns 36,731 shares of the footwear maker’s stock valued at $1,300,000 after purchasing an additional 8,290 shares during the last quarter. B. Riley Wealth Advisors Inc. lifted its holdings in shares of NIKE by 48.1% during the third quarter. B. Riley Wealth Advisors Inc. now owns 8,155 shares of the footwear maker’s stock valued at $289,000 after purchasing an additional 2,648 shares during the last quarter. JGP Wealth Management LLC lifted its holdings in shares of NIKE by 13.1% during the third quarter. JGP Wealth Management LLC now owns 144,141 shares of the footwear maker’s stock valued at $5,103,000 after purchasing an additional 16,704 shares during the last quarter. Finally, Schaper Benz & Wise Investment Counsel Inc. WI boosted its position in shares of NIKE by 14.2% in the 3rd quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 224,419 shares of the footwear maker’s stock worth $7,944,000 after purchasing an additional 27,972 shares in the last quarter. Hedge funds and other institutional investors own 64.25% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on the company. BMO Capital Markets restated an “underperform” rating and issued a $25.00 price target on shares of NIKE in a research note on Friday, October 2nd. Freedom Broker raised NIKE from a “hold” rating to a “buy” rating and reduced their price objective for the company from $54.00 to $51.00 in a research report on Friday, October 2nd. Bank of America reiterated an “underperform” rating and set a $24.00 price objective (down from $30.00) on shares of NIKE in a research note on Friday, October 2nd. UBS Group reissued a “neutral” rating and issued a $34.00 target price (down from $42.00) on shares of NIKE in a report on Friday, October 2nd. Finally, Barclays set a $37.00 target price on NIKE and gave the stock an “overweight” rating in a report on Monday, October 5th. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, twenty-one have assigned a Hold rating and ten have assigned a Sell rating to the company. Based on data from MarketBeat, NIKE currently has a consensus rating of “Reduce” and an average price target of $41.07.

NIKE Stock Up 5.3%

NYSE:NKE opened at $37.19 on Friday. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.39 and a current ratio of 2.07. The firm has a market cap of $55.23 billion, a P/E ratio of 17.88, a P/E/G ratio of 3.99 and a beta of 1.09. NIKE, Inc. has a fifty-two week low of $31.97 and a fifty-two week high of $70.44. The firm has a 50-day simple moving average of $37.57 and a two-hundred day simple moving average of $41.65.

NIKE (NYSE:NKE) last issued its earnings results on Thursday, October 1st. The footwear maker reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.05. The firm 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 business’s revenue was down 4.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.49 earnings per share. NIKE has set its FY 2027 guidance at 1.150-1.350 EPS. Analysts predict that NIKE, Inc. will post 1.26 earnings per share for the current fiscal year.

NIKE Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Investors of record on Tuesday, September 1st were given a dividend of $0.41 per share. The ex-dividend date of this dividend was Tuesday, September 1st. This represents a $1.64 annualized dividend and a dividend yield of 4.4%. NIKE’s dividend payout ratio (DPR) is 78.85%.

Insider Activity

In related news, CFO Matthew Friend sold 2,463 shares of the business’s stock in a transaction that occurred 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 completion of the transaction, the chief financial officer directly owned 82,165 shares in the company, valued at $3,418,064. The trade was a 2.91% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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 that occurred on Wednesday, September 9th. The stock was sold at an average price of $37.59, for a total transaction of $96,192.81. Following the completion of the transaction, the executive vice president owned 78,121 shares of the company’s stock, valued at approximately $2,936,568.39. The trade was a 3.17% 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 sold 14,974 shares of company stock worth $600,126 over the last three months. 1.10% of the stock is currently owned by insiders.

NIKE News Roundup

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: Investors seeking value boosted heavily sold consumer stocks, including Nike, as concerns about excessive AI spending prompted a shift away from technology shares. These Consumer Stocks Are Getting a Lift as Investors Rotate Out of Tech
• Positive Sentiment: Options activity was unusually strong, with traders purchasing approximately 181,646 NKE call options—about 27% above average volume—signaling increased bullish speculation, although it does not guarantee lasting gains.
• Neutral Sentiment: Recent commentary highlights Nike’s potential appeal as a turnaround and value investment after its steep decline, while noting that management still has to execute on its recovery strategy. Investigating one stock at a time before buying: Nike
• Negative Sentiment: Nike’s fundamental outlook remains challenging. Recent quarterly revenue declined 4.3% year over year to $11.21 billion, while Greater China sales reportedly fell 22%; management is also restructuring as sales weaken and costs rise. Nike Is Restructuring the Business
• Negative Sentiment: Investors face longer-term risks to income and valuation: Nike’s free cash flow may no longer fully cover its dividend, raising concerns ahead of the next dividend announcement after 24 consecutive years of increases. Nike Has Raised Its Dividend for 24 Straight Years

NIKE Company Profile

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.