NIKE, Inc. $NKE Stock Position Cut by Murphy Pohlad Asset Management LLC

Murphy Pohlad Asset Management LLC lessened its stake in NIKE, Inc. (NYSE:NKE) by 41.3% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 27,985 shares of the footwear maker’s stock after selling 19,650 shares during the period. Murphy Pohlad Asset Management LLC’s holdings in NIKE were worth $991,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Farmers & Merchants Investments Inc. boosted its holdings in shares of NIKE by 1.9% in the third quarter. Farmers & Merchants Investments Inc. now owns 212,204 shares of the footwear maker’s stock worth $7,512,000 after buying an additional 3,896 shares during the last quarter. Fifth Third Wealth Advisors LLC grew its position in NIKE by 13.3% during the third quarter. Fifth Third Wealth Advisors LLC now owns 22,886 shares of the footwear maker’s stock valued at $810,000 after buying an additional 2,684 shares during the period. Yousif Capital Management LLC increased its holdings in NIKE by 4.2% during the third quarter. Yousif Capital Management LLC now owns 136,111 shares of the footwear maker’s stock valued at $4,818,000 after buying an additional 5,548 shares during the last quarter. MBL Wealth LLC increased its holdings in NIKE by 30.8% during the third quarter. MBL Wealth LLC now owns 10,328 shares of the footwear maker’s stock valued at $366,000 after buying an additional 2,430 shares during the last quarter. Finally, Monetary Solutions Ltd increased its holdings in NIKE by 6,250.0% during the third quarter. Monetary Solutions Ltd now owns 1,016 shares of the footwear maker’s stock valued at $36,000 after buying an additional 1,000 shares during the last quarter. 64.25% of the stock is currently owned by hedge funds and other institutional investors.

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

Insider Activity at NIKE

In other news, EVP Philip McCartney sold 2,559 shares of NIKE stock in a transaction dated Wednesday, September 9th. The stock was sold at an average price of $37.59, for a total value of $96,192.81. Following the sale, the executive vice president directly 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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 value 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. 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. In the last 90 days, insiders have sold 14,974 shares of company stock valued at $600,126. 1.10% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research firms have weighed in on NKE. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $33.00 price target on shares of NIKE in a research report on Friday, October 9th. Truist Financial set a $29.00 price objective on shares of NIKE and gave the company a “hold” rating in a research report on Friday, October 2nd. Evercore reduced their price objective on NIKE from $46.00 to $28.00 in a research note on Monday, September 28th. Benchmark raised NIKE to a “hold” rating in a report on Tuesday, September 22nd. Finally, Weiss Ratings downgraded NIKE from a “sell (d+)” rating to a “sell (d)” rating in a research report on Tuesday, October 6th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, twenty-one have issued a Hold rating and eleven have issued a Sell rating to the company’s stock. According to MarketBeat, NIKE currently has a consensus rating of “Reduce” and a consensus price target of $40.93.

NIKE Price Performance

Shares of NYSE:NKE traded down $1.00 during trading on Friday, hitting $37.31. 25,846,404 shares of the company’s stock were exchanged, compared to its average volume of 43,175,696. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.07 and a quick ratio of 1.39. NIKE, Inc. has a 52-week low of $31.97 and a 52-week high of $70.44. The business’s 50-day simple moving average is $37.12 and its 200 day simple moving average is $41.28. The company has a market cap of $55.42 billion, a price-to-earnings ratio of 17.94, a PEG ratio of 4.49 and a beta of 1.09.

NIKE (NYSE:NKE) last posted its quarterly earnings results on Thursday, October 1st. The footwear maker reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.05. NIKE had a return on equity of 15.94% and a net margin of 6.74%. The company had revenue of $11.21 billion for the quarter, compared to analysts’ expectations of $11.32 billion. During the same period in the previous year, the firm earned $0.49 EPS. The firm’s 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. As a group, equities analysts predict that NIKE, Inc. will post 1.22 EPS for the current year.

NIKE Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Tuesday, September 1st were issued a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date was Tuesday, September 1st. NIKE’s payout ratio is currently 78.85%.

NIKE 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.