43,894 Shares of NIKE, Inc. $NKE Purchased by Kessler Investment Group LLC

Kessler Investment Group LLC acquired a new stake in NIKE, Inc. (NYSE:NKE) in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 43,894 shares of the footwear maker’s stock, valued at approximately $1,554,000.

A number of other institutional investors also recently bought and sold shares of NKE. Cornerstone Financial Management LLC acquired a new position in NIKE during the 4th quarter valued at approximately $26,000. Sankala Group LLC purchased a new stake in shares of NIKE during the fourth quarter valued at $26,000. Scarborough Advisors LLC purchased a new stake in shares of NIKE during the first quarter valued at $25,000. Meeder Asset Management Inc. increased its position in shares of NIKE by 108.4% in the 1st quarter. Meeder Asset Management Inc. now owns 548 shares of the footwear maker’s stock valued at $29,000 after acquiring an additional 285 shares during the period. Finally, Atlas Wealth LLC acquired a new position in shares of NIKE in the 1st quarter valued at $31,000. 64.25% of the stock is currently owned by institutional investors and hedge funds.

NIKE News Summary

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: NIKE’s performance business—products designed for sports and athletic activity—continues to grow, providing a potential foundation for recovery even as lifestyle categories and major sneaker franchises struggle. Why You Need To Pay Attention To Nike Stock
• Positive Sentiment: Management is emphasizing higher-quality products, tighter inventory and supply-chain improvements. The resulting higher dividend yield—recently reported near a record 4.8%—could attract income-oriented investors if cash flow remains sufficient to support the payout. Nike’s Dividend Yield Surges to a Record 4.8%
• Positive Sentiment: Reports that NIKE may return to Formula 1 sponsorships in 2027 offer a potential marketing and growth opportunity, although the plan remains speculative and would likely take time to affect results. Nike Eyes Bringing the Swoosh Back to Formula 1

Wall Street Analysts Forecast Growth

A number of brokerages have commented on NKE. Royal Bank Of Canada lowered their price target on NIKE from $45.00 to $40.00 and set a “sector perform” rating for the company in a research report on Tuesday, September 29th. CICC Research cut their price objective on NIKE from $58.00 to $44.80 and set a “neutral” rating on the stock in a report on Thursday, July 2nd. Morgan Stanley set a $27.00 price objective on NIKE and gave the stock an “underweight” rating in a research note on Friday, October 2nd. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $30.00 target price (down from $38.00) on shares of NIKE in a report on Friday, October 2nd. Finally, Telsey Advisory Group set a $35.00 target price on NIKE and gave the company a “market perform” rating in a research report on Friday, October 2nd. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, twenty-one have issued a Hold rating and ten have given a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Reduce” and a consensus target price of $41.19.

Insider Buying and Selling

In other NIKE news, insider Amy Montagne sold 4,867 shares of the company’s stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $42.05, for a total value of $204,657.35. Following the sale, the insider owned 57,436 shares in the company, valued at approximately $2,415,183.80. This represents a 7.81% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Matthew Friend sold 2,463 shares of the firm’s stock in a transaction that occurred 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 sale, the chief financial officer directly owned 82,165 shares in the company, valued at $3,418,064. The trade was a 2.91% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 14,974 shares of company stock valued at $600,126. Insiders own 1.10% of the company’s stock.

NIKE Stock Performance

NKE traded up $0.04 during midday trading on Thursday, hitting $34.41. 13,820,199 shares of the company were exchanged, compared to its average volume of 24,515,520. The company’s 50 day simple moving average is $38.37 and its 200 day simple moving average is $42.38. The firm has a market capitalization of $51.04 billion, a price-to-earnings ratio of 16.57, a price-to-earnings-growth ratio of 3.04 and a beta of 1.09. NIKE, Inc. has a 1-year low of $31.97 and a 1-year high of $70.44. 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 (NYSE:NKE) last issued its quarterly earnings data on Thursday, October 1st. The footwear maker reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.05. NIKE had a return on equity of 15.94% and a net margin of 6.74%.The business had revenue of $11.21 billion during the quarter, compared to analysts’ expectations of $11.32 billion. During the same quarter in the previous year, the firm posted $0.49 EPS. The company’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. As a group, sell-side analysts predict that NIKE, Inc. will post 1.26 earnings per share for the current 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 issued a $0.41 dividend. The ex-dividend date of this dividend was Tuesday, September 1st. This represents a $1.64 dividend on an annualized basis and a yield of 4.8%. NIKE’s payout ratio is presently 78.85%.

About NIKE

NIKE, Inc is a global sportswear company that designs, develops, markets and sells athletic footwear, apparel, equipment, accessories and related services. Its products are marketed under the NIKE, Jordan and Converse brands and are used across a broad range of sports and lifestyle activities, including running, basketball, football, training and outdoor pursuits.

The company distributes its products through a combination of wholesale partners, NIKE-owned retail stores and digital platforms.