Magnus Financial Group 13F: Exits NIKE (NKE) Stake

Magnus Financial Group completely exited its stake in NIKE, Inc. NKE, selling all 14,355 shares it held according to a Form 13F filing on October 21, 2026. The move follows similar complete exits by other large funds as institutional portfolios adjust their holdings in the athletic apparel maker.

NKE NIKE, Inc.

$37.53 ▼ -39.12% year to date

1M 3M YTD

Daily close · Oct 21, 2026

What Changed in Magnus Financial Group's NIKE Position

Magnus Financial Group sold out of its entire position in the footwear and apparel giant, dropping its holdings from 14,355 shares down to zero. The complete liquidation closed out the firm's investment in the company entirely.

Other Institutional Activity in NIKE

Other major investment managers also scaled back their exposure to the footwear brand recently. Fundsmith closed its entire position by shedding 5,770,181 shares. ARS Wealth Advisors Group sold out of its holdings by shedding 6,284 shares. Sustainable Growth Advisers also completely exited its stake, selling 2,433,226 shares.

NIKE, Inc. Stock Down 0.5%

The stock recently traded around $37.67 as of October 22, 2026, sitting above its 50-day moving average of $37.30 but well below its 52-week high of $70.44. On the day of the filing, the shares closed at $37.53.

Recent Earnings

NIKE generated $45.89 billion in trailing-twelve-month revenue with earnings of $2.08 per share. The company reported a net profit margin of 6.7% and a return on equity of 21.6%, with year-over-year revenue declining by 4.3%. The next earnings report is scheduled for December 17, 2026.

Dividend

The company pays an annual dividend of $1.64 per share, giving it a dividend yield of 4.37% based on recent trading levels. The payout ratio sits at 78.8% of earnings.

Insider Buying and Selling at NIKE, Inc.

Company insiders executed several stock sales during the late summer months. President Amy Montagne sold 4,867 shares on August 7, 2026, for a total value of $204,657. Officer Robert Leinwand sold 3,646 shares on September 9, 2026, valued at $137,053. Officer Philip Mccartney sold 2,559 shares on September 9, 2026, for $96,193. Chief Operating Officer Venkatesh Alagirisamy sold 3,671 shares on the same day for $137,993.

Analysts Set New Price Targets

Wall Street firms updated their views on the stock in early October 2026. Freedom Broker upgraded the stock to a Buy with a $51 price target on October 2. UBS maintained a Neutral rating while lowering its target to $34. Telsey Advisory Group kept a Market Perform rating with a $35 target. Citigroup maintained a Neutral rating and lowered its target to $32. Barclays kept an Overweight rating with a target of $37 on October 5. The stock carries a consensus hold rating and a mean price target of $36.51 from 36 analysts.

About NIKE

Headquartered in Beaverton, Oregon, NIKE designs and markets athletic footwear, apparel, and equipment worldwide. The company sells its products under well-known brands including Jordan, Converse, and its namesake label, serving customers across North America, Europe, Asia, and Latin America.

Bottom Line

Investors will look toward the upcoming December earnings release for fresh details on revenue trends and turnaround efforts. The stock continues to trade near the lower end of its 52-week range as institutions review their positions.