NIKE, Inc. $NKE Stock: Gables Capital Management Inc. Raises Stake

Gables Capital Management Inc. lifted its holdings in shares of NIKE, Inc. (NYSE:NKE) by 3,145.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,850 shares of the footwear maker’s stock after purchasing an additional 17,300 shares during the quarter. Gables Capital Management Inc.’s holdings in NIKE were worth $632,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. Gen Wealth Partners Inc increased its holdings in shares of NIKE by 39.7% in the 3rd quarter. Gen Wealth Partners Inc now owns 39,572 shares of the footwear maker’s stock worth $1,401,000 after buying an additional 11,252 shares during the last quarter. AlphaCore Capital LLC raised its position in shares of NIKE by 72.1% during the 3rd quarter. AlphaCore Capital LLC now owns 17,730 shares of the footwear maker’s stock valued at $629,000 after buying an additional 7,427 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of NIKE by 31.0% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 71,994 shares of the footwear maker’s stock worth $2,531,000 after acquiring an additional 17,047 shares during the last quarter. StoneRidge PMG Advisors LLC bought a new stake in shares of NIKE during the 3rd quarter worth $1,758,000. Finally, Missouri Trust & Investment Co lifted its holdings in shares of NIKE by 23.6% during the 3rd quarter. Missouri Trust & Investment Co now owns 32,547 shares of the footwear maker’s stock worth $1,152,000 after acquiring an additional 6,215 shares during the last quarter. 64.25% of the stock is currently owned by institutional investors.

NIKE Price Performance

Shares of NIKE stock opened at $38.65 on Wednesday. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.07 and a quick ratio of 1.39. The business’s 50 day simple moving average is $36.90 and its two-hundred day simple moving average is $45.37. The stock has a market capitalization of $57.41 billion, a P/E ratio of 25.56, a price-to-earnings-growth ratio of 4.66 and a beta of 1.01. NIKE, Inc. has a one year low of $31.97 and a one year high of $69.14.

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 the consensus estimate of $0.43 by $0.05. The firm had revenue of $11.21 billion during the quarter, compared to the consensus estimate of $11.32 billion. NIKE had a return on equity of 15.94% and a net margin of 6.74%. The business’s revenue was down 4.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.49 earnings per share. NIKE has set its FY 2027 guidance at 1.150-1.350 EPS. Analysts forecast that NIKE, Inc. will post 1.22 EPS for the current year.

NIKE News Roundup

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: NIKE’s global “Pace” restructuring is intended to simplify operations, improve decision-making and supply-chain flexibility, and deliver a targeted $2.5 billion in savings. The benefits depend on successful execution, and restructuring costs could temper the gains. NIKE Reshapes Its Global Operations: Will Agility Improve?
• Positive Sentiment: NIKE has raised its dividend for 24 consecutive years, and its reported yield is about 4.2%, which may appeal to income-oriented investors. The yield alone does not resolve concerns about the company’s growth outlook. Here’s How Many Shares of Nike You Would Need for $1,000 in Yearly Dividends
• Neutral Sentiment: A valuation article highlights the debate over whether NIKE’s long-term cash flows support its current valuation after a steep multiyear share-price decline. It does not establish a clear near-term catalyst. Nike (NKE) Stock Trades Near Fair Value On Cash Flow
• Neutral Sentiment: NIKE appointed Dan McKenzie as vice president and chief accounting officer, a finance leadership update with no stated change to its outlook. Nike Appoints Dan McKenzie as Chief Accounting Officer
• Negative Sentiment: Bank of America cut its earnings forecasts and pushed its expected sales inflection back to the third quarter of fiscal 2028, signaling a longer recovery and continued difficulty rebuilding growth. That delay is a key near-term overhang for the stock. Nike sales recovery pushed back as Bank of America cuts earnings forecast

Analysts Set New Price Targets

A number of research firms recently commented on NKE. Evercore reduced their target price on NIKE from $46.00 to $28.00 in a research note on Monday, September 28th. Benchmark upgraded NIKE to a “hold” rating in a research report on Tuesday, September 22nd. KeyCorp reaffirmed a “sector weight” rating on shares of NIKE in a research note on Friday, October 2nd. Telsey Advisory Group set a $35.00 price objective on NIKE and gave the stock a “market perform” rating in a report on Friday, October 2nd. Finally, Wolfe Research started coverage on NIKE in a report on Wednesday, October 21st. They issued an “underperform” rating and a $28.00 price objective for the company. 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 twelve have issued a Sell rating to the company’s stock. Based on data from MarketBeat, NIKE presently has an average rating of “Reduce” and a consensus target price of $40.83.

Insider Buying and Selling at NIKE

In related news, EVP Philip McCartney sold 2,559 shares of the company’s stock in a transaction on Wednesday, September 9th. The shares were sold at an average price of $37.59, for a total transaction of $96,192.81. Following the completion of the sale, the executive vice president directly owned 78,121 shares in the company, valued at $2,936,568.39. This represents a 3.17% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Venkatesh Alagirisamy sold 3,671 shares of the company’s stock in a transaction on Wednesday, September 9th. The shares were sold at an average price of $37.59, for a total transaction of $137,992.89. Following the sale, the chief operating officer owned 104,862 shares of the company’s stock, valued at $3,941,762.58. This represents a 3.38% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 1.10% of the stock is owned by insiders.

NIKE Company Profile

NIKE, Inc. designs, develops, markets and sells athletic footwear, apparel, equipment and accessories for sports and fitness, as well as lifestyle products. Its portfolio includes the Nike and Jordan brands, and it owns Converse, which sells casual footwear, apparel and accessories. The company sells products worldwide through wholesale partners and its own retail stores and digital platforms. Its offerings serve customers across a range of sports and activities, including running, basketball, soccer and training.