MGO One Seven LLC Acquires 23,859 Shares of NIKE, Inc. $NKE

MGO One Seven LLC increased its holdings in NIKE, Inc. (NYSE:NKE) by 127.7% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 42,545 shares of the footwear maker’s stock after purchasing an additional 23,859 shares during the quarter. MGO One Seven LLC’s holdings in NIKE were worth $1,506,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of NKE. OneDigital Investment Advisors LLC grew its stake in NIKE by 32.8% in the 2nd quarter. OneDigital Investment Advisors LLC now owns 244,296 shares of the footwear maker’s stock valued at $10,028,000 after acquiring an additional 60,375 shares during the period. Douglas Lane & Associates LLC increased its holdings in NIKE by 57.7% in the 3rd quarter. Douglas Lane & Associates LLC now owns 1,521,611 shares of the footwear maker’s stock worth $53,865,000 after acquiring an additional 556,798 shares in the last quarter. B.A. Schrock Wealth Management Inc. acquired a new position in NIKE during the third quarter worth $1,153,000. Quantitative Investment Management LLC acquired a new position in NIKE during the second quarter worth $2,459,000. Finally, Deutsche Bank AG raised its position in NIKE by 8.0% during the second quarter. Deutsche Bank AG now owns 3,566,634 shares of the footwear maker’s stock worth $146,410,000 after acquiring an additional 264,576 shares during the period. Hedge funds and other institutional investors own 64.25% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on NKE shares. Citigroup decreased their price objective on shares of NIKE from $39.00 to $32.00 and set a “neutral” rating on the stock in a report on Friday, October 2nd. Royal Bank Of Canada cut their target price on shares of NIKE from $45.00 to $40.00 and set a “sector perform” rating for the company in a research note on Tuesday, September 29th. Wolfe Research initiated coverage on shares of NIKE in a research note on Wednesday, October 21st. They set an “underperform” rating and a $28.00 target price for the company. Rothschild & Co Redburn reduced their price target on shares of NIKE from $45.00 to $37.00 and set a “sell” rating for the company in a research report on Friday, July 17th. Finally, Morgan Stanley set a $27.00 price target on shares of NIKE and gave the company an “underweight” rating in a research note on Friday, October 2nd. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, twenty-one have issued a Hold rating and eleven have assigned a Sell rating to the stock. Based on data from MarketBeat.com, NIKE has a consensus rating of “Reduce” and a consensus price target of $40.93.

NIKE Stock Up 5.2%

Shares of NKE opened at $40.48 on Thursday. The stock has a 50 day moving average price of $36.88 and a 200 day moving average price of $45.88. NIKE, Inc. has a one year low of $31.97 and a one year high of $69.14. 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 stock has a market capitalization of $60.13 billion, a price-to-earnings ratio of 24.67, a PEG ratio of 4.49 and a beta of 1.01.

NIKE (NYSE:NKE) last announced its quarterly earnings data 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 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 analyst estimates of $11.32 billion. During the same quarter last year, the firm posted $0.49 EPS. The firm’s revenue for the quarter was down 4.3% on a year-over-year basis. NIKE has set its FY 2027 guidance at 1.150-1.350 EPS. Equities research analysts forecast that NIKE, Inc. will post 1.22 earnings per share for the current fiscal year.

Insider Activity

In other news, EVP Philip McCartney sold 2,559 shares of the firm’s stock in a transaction dated Wednesday, September 9th. The shares were sold at an average price of $37.59, for a total value of $96,192.81. Following the transaction, the executive vice president directly owned 78,121 shares of the company’s stock, valued at approximately $2,936,568.39. This trade represents a 3.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Amy Montagne sold 4,867 shares of the business’s stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $42.05, for a total transaction of $204,657.35. Following the transaction, the insider owned 57,436 shares in the company, valued at $2,415,183.80. The trade was a 7.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 11,097 shares of company stock worth $438,843 over the last three months. Insiders own 1.10% of the company’s stock.

NIKE News Summary

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: A market-wide rebound in beaten-down consumer stocks helped lift Nike alongside peers; the move appears driven more by improving sector sentiment than by a new Nike-specific announcement. Article: Nike Climbs as Dow Rally Lifts Consumer Stocks
• Neutral Sentiment: Nike’s Sport Offense reset, fresh product launches and focus on performance categories could help restore momentum and protect full-price sales. However, the strategy’s success remains unproven, and weakness in Sportswear is still a concern. Article: NIKE’s Product Reset
• Neutral Sentiment: Stifel reiterated its Hold rating ahead of Investor Day, signaling limited conviction in the near-term upside. The event could provide investors with more detail on Nike’s turnaround plans. Article: Stifel Reiterates Hold Rating on Nike into Investor Day
• Negative Sentiment: Recent gains may have made the risk-reward less attractive, according to one analysis, despite Nike’s still-high dividend yield. That reflects ongoing concern that the recovery may take time. Article: Nike’s Dividend Yield Is Still Attractive, But I Can’t Say the Same About NKE Stock
• Negative Sentiment: Turnaround risks persist: coverage notes sales and near-term earnings pressure, with fiscal 2027 sales expected to decline. Product launches and restructuring may help, but investors are still waiting for evidence of a sustained recovery. Article: Will Product Reset Change Nike’s Narrative

NIKE Company 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.