Penn Davis Mcfarland 13F: Exits NIKE (NKE) Stake

Penn Davis Mcfarland completely closed out its position in NIKE, Inc. NYSE:NKE, parting ways with its remaining 61,621 shares. The exit was revealed in a Form 13F regulatory filing submitted to the Securities and Exchange Commission on October 23, 2026. The filing covers portfolio adjustments made during the third quarter.

NKE NIKE, Inc.

$37.30 ▼ -39.50% year to date

1M 3M YTD

Daily close · Oct 23, 2026

What Changed in Penn Davis Mcfarland's NIKE Position

Penn Davis Mcfarland cut its holdings by 61,621 shares, dropping its ownership to zero. The firm previously held 61,621 shares. Selling out completely means the fund no longer holds any exposure to the athletic footwear and apparel maker.

Other Institutional Activity in NIKE

Other institutional managers made sharp adjustments to their NIKE positions around the same filing deadline. ARS Wealth Advisors Group sold out its position, cutting 6,284 shares to end with zero shares valued at $0. Sustainable Growth Advisers also closed its stake entirely, dropping 2,433,226 shares to leave its holdings at zero. Verity & Verity significantly grew its holdings by 295,884 shares, ending with 303,736 shares worth about $10,752,254. Magnus Financial Group closed its position as well, shedding 14,355 shares to finish with zero shares.

NIKE, Inc. Stock Down 0.5%

NIKE shares recently traded around $37.33 as of October 24, 2026, sitting close to the closing price of $37.30 recorded on the filing date of October 23, 2026. The stock trades above its 50-day moving average of $37.25, while remaining below its 200-day moving average of $46.87. Over the past year, shares have traded between a low of $31.97 and a high of $70.44.

Recent Earnings

NIKE generated $45,890,998,272 in trailing-twelve-month revenue with earnings of $2.08 per share. The company posted a net profit margin of 6.7% and a return on equity of 21.6%. Year-over-year revenue declined 4.3%. The company's next quarterly earnings report is scheduled for release on December 17, 2026. NIKE currently carries a price-to-earnings ratio of 18.42 and a forward price-to-earnings ratio of 24.04.

Dividend

NIKE pays an annual dividend rate of $1.64 per share, translating to a dividend yield of 4.28%. The company's dividend payout ratio stands at 78.8%.

Insider Buying and Selling at NIKE, Inc.

Company insiders completed multiple transactions in recent months. President Amy Montagne sold 4,867 shares on August 7, 2026, at an average price of $42.05 for a total value of $204,657. Officer Robert Leinwand sold 3,646 shares on September 9, 2026, at $37.59 per share, totaling $137,053. Officer Philip Mccartney sold 2,559 shares on September 9, 2026, at $37.59 per share, worth $96,193. Chief Operating Officer Venkatesh Alagirisamy sold 3,671 shares on September 9, 2026, at $37.59 per share for a total of $137,993.

Analysts Set New Price Targets

Wall Street coverage features a mix of rating updates from major firms. On October 5, 2026, Barclays maintained its Overweight rating with a price target of $37.0, lowered from $48.0. Guggenheim reiterated its Buy rating with a $50.0 price target on October 22, 2026. Wolfe Research initiated coverage on October 22, 2026, with an Underperform rating and a $28.0 price target. Barclays updated its stance on October 22, 2026, maintaining an Overweight rating while lifting its target to $45.0 from $37.0. BTIG reiterated a Buy rating with a $50.0 price target on October 22, 2026. Across 37 analyst opinions, the stock carries a consensus hold rating and a mean price target of $36.50.

About NIKE

Headquartered in Beaverton, Oregon, NIKE designs, develops, markets, and distributes athletic footwear, apparel, equipment, and accessories worldwide. The company serves consumers globally through major brands including Jordan, Converse, and its namesake line. Institutional portfolio shifts like this one reflect ongoing rebalancing across consumer cyclical holdings.

Bottom Line

Penn Davis Mcfarland's decision to exit its stake removes NIKE from the fund's portfolio. Investors will watch upcoming earnings reports and shifting analyst targets to gauge the footwear maker's turnaround progress.