ARS Wealth Advisors Group 13F: Exits NIKE (NKE) Stake

ARS Wealth Advisors Group has sold all its shares in NIKE, Inc. (NYSE: NKE), cutting its position completely in a filing on October 16, 2026. The fund reported a sale of 6,284 shares, which had a total value of about $232,207 at the time of the filing.

What Changed in ARS Wealth Advisors Group's NIKE Position

ARS Wealth Advisors Group completely exited its investment in NIKE, selling its entire stake of 6,284 shares for a 100% decrease. This marks a full divestment, showing a significant shift in the fund's strategy regarding the athletic footwear giant.

Other Institutional Activity in NIKE

Blackrock Inc. trimmed its holdings in NIKE, reducing its stake by 9,988,124 shares and holding 81,814,490 shares valued at about $3.04 billion. Vanguard Capital Management LLC added 936,218 shares, bringing its total to 78,309,610 shares worth about $2.91 billion. Capital World Investors grew its stake by 21,578,771 shares, ending with 72,055,429 shares valued at about $2.68 billion. State Street Corporation increased its position by 4,054,936 shares, totaling 63,598,789 shares worth about $2.36 billion. Vanguard Portfolio Management LLC added 17,298,309 shares, holding 45,777,579 shares worth about $1.70 billion.

NIKE, Inc. Stock Up 5.0%

NIKE shares recently traded around $37.05, which is about 1.6% below its 50-day moving average of $37.64. The stock is also 22% below its 200-day moving average of $47.52, reflecting a continued struggle in a difficult market environment. Currently, the shares are approximately 47.4% below their 52-week high of $70.44 but still 15.9% above the 52-week low of $31.97.

Recent Earnings

In its latest earnings, NIKE reported a trailing twelve-month revenue of about $45.89 billion and an EPS of $2.08. With a net margin of 6.7% and a return on equity (ROE) of 21.6%, the company continues to demonstrate its profitability, despite the challenges it faces in growth as shown by a revenue growth of -4.3% year over year. The next earnings report is expected on December 17, 2026.

Insider Buying and Selling at NIKE, Inc.

Recent insider sales at NIKE include President Amy Montagne, who sold 4,867 shares at an average price of $42.05 on August 7, 2026, totaling about $204,657. Also, Officer Robert Leinwand sold 3,646 shares at $37.59 for a total of $137,053 on September 9, 2026. This was followed the same day by Officer Philip McCartney, who sold 2,559 shares at the same price for a total of $96,193, and Chief Operating Officer Venkatesh Alagirisamy, who sold 3,671 shares at $37.59, amounting to $137,993.

Analysts Set New Price Targets

On October 2, 2026, Freedom Broker upgraded NIKE to a 'Buy' rating with a target price of $51. UBS maintained a 'Neutral' rating with a target of $34, while Telsey Advisory Group kept a 'Market Perform' rating at $35. Citigroup also maintained a 'Neutral' rating with a target of $32. Barclays has an 'Overweight' rating with a target of $37. The consensus among analysts reflects a 'Hold' recommendation with a mean price target of $37.67.

About NIKE

NIKE, Inc. is a leading company in the athletic footwear and apparel market, offering products under well-known brands such as NIKE, Jordan, and Converse. The company designs and markets athletic products for men, women, and children globally. After exiting its investment, it will be noteworthy to see if ARS Wealth Advisors Group shifts its focus toward other opportunities in this challenging market landscape.

Bottom Line

ARS Wealth Advisors Group's complete exit from NIKE shows a strategic retreat amid a difficult phase for the company. Investors will want to watch for further developments in earnings reports and more institutional filings to gauge market sentiment. Keep in mind that the filing reflects holdings as of the reporting period and may not represent the investor’s current position. Keep in mind that 13F filings are backward-looking: they show holdings as of the end of the reporting quarter and may not represent the fund's current position.