NIKE, Inc. $NKE Stock Bought by Douglas Lane & Associates LLC

Douglas Lane & Associates LLC raised its stake in shares of NIKE, Inc. (NYSE:NKE) by 57.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,521,611 shares of the footwear maker’s stock after buying an additional 556,798 shares during the period. Douglas Lane & Associates LLC’s holdings in NIKE were worth $53,865,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the stock. J. Stern & Co. LLP lifted its stake in shares of NIKE by 49,010.4% in the fourth quarter. J. Stern & Co. LLP now owns 48,054,542 shares of the footwear maker’s stock worth $3,061,555,000 after buying an additional 47,956,692 shares during the last quarter. Flossbach Von Storch SE acquired a new stake in NIKE in the 2nd quarter valued at approximately $488,714,000. State Street Corp increased its position in NIKE by 6.8% in 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 during the period. Employees Provident Fund Board acquired a new position in shares of NIKE during the fourth quarter worth approximately $186,079,000. Finally, Confluence Investment Management LLC boosted its position in shares of NIKE by 873.8% in the third quarter. Confluence Investment Management LLC now owns 2,720,616 shares of the footwear maker’s stock valued at $96,310,000 after acquiring an additional 2,441,233 shares during the period. Institutional investors and hedge funds own 64.25% of the company’s stock.

Insider Buying and Selling at NIKE

In other news, CFO Matthew Friend sold 2,463 shares of NIKE stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $41.60, for a total transaction of $102,460.80. Following the completion of the sale, the chief financial officer owned 82,165 shares in the company, valued at $3,418,064. The trade was a 2.91% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, 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 business’s stock in a transaction that occurred on Wednesday, September 9th. The stock was sold at an average price of $37.59, for a total transaction of $137,992.89. Following the sale, the chief operating officer directly owned 104,862 shares of the company’s stock, valued at approximately $3,941,762.58. This trade represents a 3.38% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 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 over the last quarter. Company insiders own 1.10% of the company’s stock.

Trending Headlines about NIKE

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: Nike beat analysts’ fiscal Q1 earnings estimate, reporting $0.48 per share versus the $0.43 consensus. Profit margins also improved despite lower revenue, suggesting cost controls and operational improvements are beginning to support profitability. NIKE’s Shares Fall More Than 2% Post Q1 Earnings: What’s Ahead?
• Positive Sentiment: Reports that Nike could return to Formula One sponsorships in 2027 offer a potential marketing and growth initiative as the company seeks to rebuild consumer demand and strengthen its brand. Nike Eyes Bringing the Swoosh Back to Formula 1
• Neutral Sentiment: Heavy investor searches for NKE indicate elevated market attention, but search activity alone does not establish a change in the company’s fundamentals or valuation. Investors Heavily Search NIKE
• Negative Sentiment: Revenue declined year over year and missed expectations, while management’s fiscal 2027 outlook appears cautious. Analysts continue to characterize the recovery as a prolonged turnaround rather than a near-term rebound.
• Negative Sentiment: Greater China remains Nike’s biggest weakness, with falling sales and persistent competitive and consumer-demand challenges. Nike also reduced the amount of regional and China-specific information disclosed in its latest filing, adding uncertainty for investors. Why Is Nike Giving Investors Less Insight Into China Sales?
• Negative Sentiment: Fiscal 2027 earnings guidance is below the dividend commitment, raising questions about payout sustainability if profits remain weak. Combined with a multiyear revenue decline, this is reinforcing bearish views on NKE despite its substantially lower share price. Nike Guided Earnings Below Its Dividend

NIKE Price Performance

Shares of NIKE stock traded up $0.21 during trading on Friday, reaching $34.95. The company’s stock had a trading volume of 15,347,807 shares, compared to its average volume of 24,620,713. NIKE, Inc. has a one year low of $31.97 and a one year high of $70.44. The stock has a 50-day moving average price of $38.22 and a two-hundred day moving average price of $42.25. The stock has a market capitalization of $51.84 billion, a P/E ratio of 16.80, a price-to-earnings-growth ratio of 3.02 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 (NYSE:NKE) last issued its quarterly earnings results 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 net margin of 6.74% and a return on equity of 15.94%. The business had revenue of $11.21 billion during the quarter, compared to analyst estimates of $11.32 billion. During the same quarter last year, the business posted $0.49 earnings per share. NIKE’s revenue for the quarter was down 4.3% compared to the same quarter last year. NIKE has set its FY 2027 guidance at 1.150-1.350 EPS. As a group, sell-side analysts anticipate that NIKE, Inc. will post 1.26 EPS for the current fiscal year.

NIKE Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 1st. Shareholders of record on Tuesday, September 1st were issued a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 4.7%. The ex-dividend date of this dividend was Tuesday, September 1st. NIKE’s payout ratio is currently 78.85%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on NKE shares. Morgan Stanley set a $27.00 price target on shares of NIKE and gave the company an “underweight” rating in a report on Friday, October 2nd. Freedom Broker upgraded NIKE from a “hold” rating to a “buy” rating and reduced their price objective for the stock from $54.00 to $51.00 in a research report on Friday, October 2nd. Benchmark upgraded NIKE to a “hold” rating in a research report on Tuesday, September 22nd. BMO Capital Markets reaffirmed an “underperform” rating and issued a $25.00 target price on shares of NIKE in a research report on Friday, October 2nd. Finally, Royal Bank Of Canada dropped their price objective 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. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, twenty-one have assigned a Hold rating and ten have assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Reduce” and a consensus price target of $41.07.

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.