366,520 Shares of NIKE, Inc. $NKE Purchased by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. bought a new position in NIKE, Inc. (NYSE:NKE) during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 366,520 shares of the footwear maker’s stock, valued at approximately $12,975,000.

A number of other hedge funds also recently made changes to their positions in NKE. FAS Wealth Partners Inc. boosted its stake in NIKE by 4.2% during the first quarter. FAS Wealth Partners Inc. now owns 6,109 shares of the footwear maker’s stock valued at $323,000 after buying an additional 249 shares during the last quarter. Elevation Wealth Partners LLC grew its holdings in NIKE by 34.6% during the 2nd quarter. Elevation Wealth Partners LLC now owns 989 shares of the footwear maker’s stock valued at $41,000 after buying an additional 254 shares in the last quarter. Midwest Professional Planners LTD. increased its stake in NIKE by 1.5% in the 1st quarter. Midwest Professional Planners LTD. now owns 17,904 shares of the footwear maker’s stock worth $946,000 after acquiring an additional 266 shares during the last quarter. Advance Capital Management Inc. increased its stake in NIKE by 7.1% in the 1st quarter. Advance Capital Management Inc. now owns 4,203 shares of the footwear maker’s stock worth $222,000 after acquiring an additional 279 shares during the last quarter. Finally, Elmwood Wealth Management Inc. increased its stake in NIKE by 2.7% in the 2nd quarter. Elmwood Wealth Management Inc. now owns 10,666 shares of the footwear maker’s stock worth $438,000 after acquiring an additional 279 shares during the last quarter. 64.25% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have recently issued reports on NKE. Weiss Ratings cut NIKE from a “sell (d+)” rating to a “sell (d)” rating in a report on Tuesday, October 6th. Wolfe Research began coverage on shares of NIKE in a report on Wednesday, October 21st. They issued an “underperform” rating and a $28.00 target price for the company. Morgan Stanley set a $27.00 price target on shares of NIKE and gave the stock an “underweight” rating in a research report on Friday, October 2nd. DZ Bank cut shares of NIKE from a “strong-buy” rating to a “strong sell” rating in a research report on Friday, October 2nd. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $33.00 price target on shares of NIKE in a research note on Friday, October 9th. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, twenty-one have issued a Hold rating and eleven have given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Reduce” and an average price target of $40.93.

NIKE Stock Down 1.7%

Shares of NYSE NKE opened at $38.47 on Wednesday. NIKE, Inc. has a 1 year low of $31.97 and a 1 year high of $69.14. The firm has a 50-day simple moving average of $36.86 and a two-hundred day simple moving average of $46.00. The company has a market cap of $57.15 billion, a P/E ratio of 25.08, a PEG ratio of 4.57 and a beta of 1.01. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.07 and a quick ratio of 1.39.

NIKE (NYSE:NKE) last released its earnings results on Thursday, October 1st. The footwear maker reported $0.48 earnings per share for the quarter, topping 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 business 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 earnings per share. The business’s revenue was down 4.3% compared to the same quarter last year. NIKE has set its FY 2027 guidance at 1.150-1.350 EPS. Research analysts anticipate that NIKE, Inc. will post 1.22 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. Stockholders of record on Tuesday, September 1st were issued a $0.41 dividend. The ex-dividend date was Tuesday, September 1st. This represents a $1.64 dividend on an annualized basis and a dividend yield of 4.3%. NIKE’s dividend payout ratio is presently 78.85%.

Insider Transactions at NIKE

In other news, EVP Philip McCartney sold 2,559 shares of the firm’s stock in a transaction that occurred 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 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 sale was disclosed in a legal filing with the SEC, which can be accessed 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 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 completion of the transaction, the chief operating officer directly owned 104,862 shares in the company, valued at approximately $3,941,762.58. This trade represents a 3.38% 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 ninety days, insiders have sold 11,097 shares of company stock worth $438,843. Insiders own 1.10% of the company’s stock.

Key NIKE News

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: Nike has raised its dividend for 24 consecutive years, and its yield is about 4.2%, which may appeal to income-focused investors. However, the dividend has not yet persuaded the market that the turnaround is on track. Why I Still Wouldn’t Buy Nike Stock in November
• Neutral Sentiment: An article considers what Warren Buffett might do with Nike, but its takeaway is that the investment case depends on how long shareholders are willing to wait for the turnaround—not on a specific new catalyst. What Would Warren Buffett Do With Nike Stock Down 38% in 2026?
• Negative Sentiment: Recent coverage highlights that NKE shares have fallen 38% in 2026 and that sales are expected to decline noticeably in fiscal 2027. That outlook reinforces concerns that the turnaround may take time to produce results. What Would Warren Buffett Do With Nike Stock Down 38% in 2026?
• Negative Sentiment: An investor-letter discussion attributes some erosion of Nike’s competitive dominance to supply-chain decisions and other missteps, adding to concerns about its ability to regain momentum. How Supply Chain Democratization & Missteps Weakened Nike’s Dominance

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.