15,174 NIKE, Inc. $NKE Shares Sold by Pinnacle Wealth Planning Services Inc.

Pinnacle Wealth Planning Services Inc. trimmed its position in NIKE, Inc. (NYSE:NKE) by 12.6% in the 3rd quarter, according to the company in its most recent disclosure 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 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of NKE. Flossbach Von Storch SE purchased a new position in NIKE in the second quarter worth $488,714,000. State Street Corp increased its position in shares of NIKE by 6.8% during the second quarter. State Street Corp now owns 63,598,789 shares of the footwear maker’s stock worth $2,636,104,000 after purchasing an additional 4,052,428 shares in the last quarter. Confluence Investment Management LLC lifted its holdings in shares of NIKE by 873.8% during the 3rd quarter. Confluence Investment Management LLC now owns 2,720,616 shares of the footwear maker’s stock valued at $96,310,000 after purchasing an additional 2,441,233 shares during the last quarter. Equity Investment Corp purchased a new stake in shares of NIKE during the 2nd quarter valued at $99,531,000. Finally, Amundi lifted its holdings in shares of NIKE by 59.4% during the 2nd quarter. Amundi now owns 6,460,398 shares of the footwear maker’s stock valued at $265,199,000 after purchasing an additional 2,406,609 shares during the last quarter. 64.25% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have commented on NKE. Citigroup decreased their price target on NIKE from $39.00 to $32.00 and set a “neutral” rating for the company in a research note on Friday, October 2nd. Bank of America restated an “underperform” rating and set a $24.00 price target (down from $30.00) on shares of NIKE in a research note on Friday, October 2nd. Guggenheim restated a “buy” rating and set a $50.00 price objective on shares of NIKE in a report on Thursday, October 22nd. Barclays restated an “overweight” rating and set a $45.00 price objective (up from $37.00) on shares of NIKE in a report on Thursday, October 22nd. Finally, Williams Trading lowered shares of NIKE from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 2nd. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, twenty-one have assigned a Hold rating and eleven have given a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Reduce” and a consensus price target 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 Trading Down 1.1%

NYSE NKE opened at $37.15 on Thursday. NIKE, Inc. has a 1 year low of $31.97 and a 1 year high of $69.14. 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 company has a market capitalization of $55.17 billion, a PE ratio of 17.86, a P/E/G ratio of 4.37 and a beta of 1.09. The company has a fifty day moving average of $37.02 and a 200 day moving average of $46.54.

NIKE (NYSE:NKE) last announced its quarterly earnings results on Thursday, October 1st. The footwear maker reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.05. The company had revenue of $11.21 billion for 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 firm’s revenue for the quarter was down 4.3% compared to the same quarter last year. During the same period last year, the firm earned $0.49 EPS. NIKE has set its FY 2027 guidance at 1.150-1.350 EPS. Research analysts forecast that NIKE, Inc. will post 1.22 earnings per share for the current year.

NIKE Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 1st. Investors 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 4.4%. The ex-dividend date of this dividend was Tuesday, September 1st. NIKE’s dividend payout ratio (DPR) is 78.85%.

Insider Buying and Selling

In other NIKE news, COO Venkatesh Alagirisamy sold 3,671 shares of the company’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 value of $137,992.89. Following the sale, the chief operating officer owned 104,862 shares in the company, valued at approximately $3,941,762.58. This represents a 3.38% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Matthew Friend sold 2,463 shares of the company’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 value of $102,460.80. Following the completion of the sale, the chief financial officer owned 82,165 shares in the company, valued at approximately $3,418,064. This represents a 2.91% 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 14,974 shares of company stock valued at $600,126 in the last three months. 1.10% of the stock is currently owned by insiders.

NIKE 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.