NIKE, Inc. $NKE Shares Bought by Conning Inc.

Conning Inc. grew its holdings in NIKE, Inc. (NYSE:NKE) by 21.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 120,527 shares of the footwear maker’s stock after purchasing an additional 21,036 shares during the period. Conning Inc.’s holdings in NIKE were worth $4,267,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the business. FAS Wealth Partners Inc. boosted its holdings in NIKE by 4.2% in 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 grew its stake in NIKE by 34.6% in the 2nd quarter. Elevation Wealth Partners LLC now owns 989 shares of the footwear maker’s stock valued at $41,000 after buying an additional 254 shares in the last quarter. Midwest Professional Planners LTD. raised its holdings in 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 period. Advance Capital Management Inc. raised its holdings in NIKE by 7.1% during the 1st 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. raised its holdings in 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 period. 64.25% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

NKE has been the topic of several recent research reports. Argus upgraded NIKE to a “strong-buy” rating in a research report on Wednesday, July 15th. Telsey Advisory Group set a $35.00 price target on NIKE and gave the company a “market perform” rating in a research report on Friday, October 2nd. Jefferies Financial Group set a $60.00 price target on NIKE in a research report on Friday, October 2nd. China Renaissance decreased their price objective on NIKE from $50.30 to $47.30 and set a “hold” rating on the stock in a research note on Thursday, July 2nd. Finally, Guggenheim reissued a “buy” rating and set a $50.00 price objective on shares of NIKE in a report on Thursday, October 22nd. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, twenty-one have assigned a Hold rating and eleven have assigned a Sell rating to the stock. Based on data from MarketBeat, NIKE currently has an average rating of “Reduce” and a consensus target price of $40.93.

NIKE Stock Down 1.1%

Shares of NYSE NKE opened at $37.15 on Thursday. The company has a current ratio of 2.07, a quick ratio of 1.39 and a debt-to-equity ratio of 0.39. The business has a 50-day moving average of $37.02 and a 200-day moving average of $46.54. The firm has a market capitalization of $55.17 billion, a price-to-earnings ratio of 17.86, a PEG ratio of 4.37 and a beta of 1.09. NIKE, Inc. has a 12 month low of $31.97 and a 12 month high of $69.14.

NIKE (NYSE:NKE) last announced its earnings results on Thursday, October 1st. The footwear maker reported $0.48 earnings per share for the quarter, beating 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 for the quarter, compared to the consensus estimate of $11.32 billion. During the same period last year, the firm posted $0.49 earnings per share. NIKE’s quarterly revenue was down 4.3% on a year-over-year basis. NIKE has set its FY 2027 guidance at 1.150-1.350 EPS. Sell-side analysts expect that NIKE, Inc. will post 1.22 earnings per share for the current fiscal year.

NIKE Dividend Announcement

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

Insider Activity at NIKE

In other news, CFO Matthew Friend sold 2,463 shares of the firm’s stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $41.60, for a total transaction of $102,460.80. Following the sale, the chief financial officer owned 82,165 shares in the company, valued at approximately $3,418,064. This trade represents a 2.91% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed 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 NIKE stock in a transaction 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 sale, the executive vice president directly 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. Additional details regarding this sale are available in the official SEC disclosure. 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 quarter. 1.10% of the stock is currently owned by corporate insiders.

Key Stories Impacting NIKE

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: NIKE’s upcoming Investor Day could provide greater clarity on its product, leadership, geographic and brand-recovery strategies. The company is also pursuing its “Pace Transformation,” which targets approximately $2.5 billion in cumulative savings through fiscal 2031 and could improve margins if successfully executed. NIKE Investor Day announcement NIKE Pace Transformation analysis
• Neutral Sentiment: At roughly $37 per share, NIKE’s dividend yield has become unusually attractive relative to government bonds, which may support income-oriented demand. However, the valuation depends on whether the company can restore sales growth and generate enough cash to comfortably fund the payout. NIKE dividend analysis
• Negative Sentiment: Analysts and market commentary remain cautious. Wolfe Research initiated coverage with an Underperform rating, while the consensus price target was reduced. Recent comparisons also favor adidas, which is reportedly benefiting from stronger sales, digital momentum and improving profitability. Wolfe Research NIKE rating NIKE versus adidas growth comparison
• Negative Sentiment: The latest earnings showed the core problem: revenue declined 4.3% year over year and came in below expectations, despite an earnings-per-share beat. Investors are therefore focused on whether innovation and cost cuts can reverse declining demand. The dividend may also be at risk if cash generation remains below distributions. NIKE dividend risk analysis

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.