NIKE, Inc. $NKE Stock Sold by Pinnacle Wealth Planning Services Inc.

Pinnacle Wealth Planning Services Inc. trimmed its stake in shares of NIKE, Inc. (NYSE:NKE) by 12.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 105,085 shares of the footwear maker’s stock after selling 15,174 shares during the period. Pinnacle Wealth Planning Services Inc.’s holdings in NIKE were worth $3,720,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. State Street Corp increased its stake in 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 buying an additional 4,052,428 shares in the last quarter. Flossbach Von Storch SE acquired a new position in shares of NIKE during the second quarter valued at approximately $488,714,000. Amundi raised its holdings in shares of NIKE by 59.4% during the second 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 during the last quarter. Van ECK Associates Corp lifted its position in shares of NIKE by 4.8% in the second 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 lifted its position in shares of NIKE by 7.3% in the first 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 and hedge funds own 64.25% of the company’s stock.

Insider Buying and Selling

In other NIKE news, CFO Matthew Friend sold 2,463 shares of the business’s stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $41.60, for a total transaction of $102,460.80. Following the transaction, the chief financial officer 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 transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Venkatesh Alagirisamy sold 3,671 shares of the business’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 transaction, the chief operating officer directly owned 104,862 shares in the company, valued at $3,941,762.58. This trade represents a 3.38% decrease in their position. 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 a total of 14,974 shares of company stock worth $600,126 in the last three months. Company insiders own 1.10% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the company. Royal Bank Of Canada lowered their price target on NIKE from $45.00 to $40.00 and set a “sector perform” rating on the stock in a research note on Tuesday, September 29th. HSBC dropped their price target on NIKE from $48.00 to $40.00 and set a “hold” rating for the company in a research report on Monday, September 28th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $33.00 price objective on shares of NIKE in a research note on Friday, October 9th. Evercore decreased their price objective on NIKE from $46.00 to $28.00 in a report on Monday, September 28th. Finally, Citigroup decreased their price objective on NIKE from $39.00 to $32.00 and set a “neutral” rating on the stock in a report on Friday, October 2nd. One investment 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, NIKE has an average rating of “Reduce” and a consensus target price of $40.93.

Key NIKE News

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 Stock Down 1.1%

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

NIKE (NYSE:NKE) last released its 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 for the quarter, compared to analyst estimates 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 period last year, the company posted $0.49 EPS. NIKE has set its FY 2027 guidance at 1.150-1.350 EPS. As a group, analysts forecast that NIKE, Inc. will post 1.22 earnings per share for the current fiscal year.

NIKE Announces Dividend

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

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.