Mcdonald Capital Investors Inc. CA Sells 76,928 Shares of NIKE, Inc. $NKE

Mcdonald Capital Investors Inc. CA lowered its holdings in shares of NIKE, Inc. (NYSE:NKE) by 10.5% during the third quarter, Holdings Channel reports. The firm owned 658,258 shares of the footwear maker’s stock after selling 76,928 shares during the period. NIKE accounts for about 1.9% of Mcdonald Capital Investors Inc. CA’s portfolio, making the stock its 16th largest position. Mcdonald Capital Investors Inc. CA’s holdings in NIKE were worth $23,302,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. State Street Corp boosted its stake in shares of NIKE by 6.8% during the 2nd quarter. State Street Corp now owns 63,598,789 shares of the footwear maker’s stock worth $2,636,104,000 after acquiring an additional 4,052,428 shares in the last quarter. Flossbach Von Storch SE acquired a new position in shares of NIKE during the 2nd quarter valued at about $488,714,000. Amundi raised its stake in shares of NIKE by 59.4% in the 2nd quarter. Amundi now owns 6,460,398 shares of the footwear maker’s stock valued at $265,199,000 after acquiring an additional 2,406,609 shares in the last quarter. Van ECK Associates Corp raised its stake in shares of NIKE by 4.8% in the 2nd quarter. Van ECK Associates Corp now owns 6,257,863 shares of the footwear maker’s stock valued at $256,885,000 after acquiring an additional 286,395 shares in the last quarter. Finally, Swiss National Bank raised its stake in shares of NIKE by 7.3% in the 1st quarter. Swiss National Bank now owns 3,496,700 shares of the footwear maker’s stock valued at $184,696,000 after acquiring an additional 237,600 shares in the last quarter. Institutional investors own 64.25% of the company’s stock.

NIKE Stock Performance

NYSE NKE opened at $37.56 on Wednesday. The company’s fifty day moving average is $37.08 and its two-hundred day moving average is $46.68. NIKE, Inc. has a 52-week low of $31.97 and a 52-week high of $69.14.

NIKE (NYSE:NKE) last announced its quarterly earnings data on Thursday, October 1st. The footwear maker reported $0.48 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 analyst estimates of $11.32 billion. During the same period in the prior year, the company posted $0.49 EPS. The firm’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. Research analysts predict that NIKE, Inc. will post 1.22 EPS for the current 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 paid a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 4.4%. The ex-dividend date was Tuesday, September 1st.

Analysts Set New Price Targets

Several research firms recently weighed in on NKE. Telsey Advisory Group set a $35.00 target price on NIKE and gave the stock a “market perform” rating in a report on Friday, October 2nd. Barclays reiterated an “overweight” rating and set a $45.00 price target (up from $37.00) on shares of NIKE in a report on Thursday, October 22nd. BMO Capital Markets reissued an “underperform” rating on shares of NIKE in a research report on Thursday, October 22nd. Bank of America reissued an “underperform” rating and issued a $24.00 price target (down from $30.00) on shares of NIKE in a research report on Friday, October 2nd. Finally, Guggenheim restated a “buy” rating and issued a $50.00 price objective on shares of NIKE in a research note on Thursday, October 22nd. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, twenty-one have given a Hold rating and eleven have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus target price of $40.93.

Insider Transactions at NIKE

In related news, COO Venkatesh Alagirisamy sold 3,671 shares of the firm’s stock in a transaction on Wednesday, September 9th. The stock was sold at an average price of $37.59, for a total value of $137,992.89. Following the completion of the transaction, the chief operating officer directly owned 104,862 shares of the company’s stock, valued at $3,941,762.58. This trade represents a 3.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 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 on Friday, August 7th. The shares were sold at an average price of $42.05, for a total transaction of $204,657.35. Following the completion of the transaction, the insider owned 57,436 shares of the company’s stock, valued at approximately $2,415,183.80. This represents a 7.81% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 14,974 shares of company stock valued at $600,126. 1.10% of the stock is currently owned by insiders.

Key Headlines Impacting NIKE

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: NIKE’s Pace Transformation program targets approximately $2.5 billion in savings through fiscal 2031. Streamlining operations and lowering expenses could improve margins and profitability if management executes successfully. Can NIKE’s Pace Transformation Reshape Its Cost Structure?
• Positive Sentiment: NIKE announced an upcoming Investor Day, giving management an opportunity to outline its turnaround strategy, growth priorities and progress under new leadership. Greater clarity could help rebuild investor confidence. Nike announced Investor Day
• Neutral Sentiment: Commentary highlights NIKE as a potential value opportunity after a sharp multiyear decline, but investors must determine whether the depressed valuation reflects a turnaround opportunity or continuing brand and sales challenges. Should You Forget Nike Stock Near a 52-Week Low?
• Negative Sentiment: Wolfe Research initiated coverage with an Underperform rating, adding to concerns about the pace of NIKE’s recovery. Separately, the consensus price target was reportedly reduced by 16.3%, signaling lower expectations among analysts. Wolfe Research initiates coverage of NIKE at underperform
• Negative Sentiment: NIKE’s high dividend yield is attracting attention, but the payout reportedly exceeds the cash the company currently generates. If weak results persist, the dividend could constrain investment or face greater long-term risk. Nike’s Dividend Now Pays Like a Treasury

About NIKE

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.