NIKE, Inc. $NKE Shares Acquired by Summit Securities Group LLC

Posted by Chris Copeland on Jul 10th, 2026

Summit Securities Group LLC increased its holdings in shares of NIKE, Inc. (NYSE:NKE – Free Report) by 2,262.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 22,226 shares of the footwear maker’s stock after purchasing an additional 21,285 shares during the period. Summit Securities Group LLC’s holdings in NIKE were worth $1,174,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in NKE. Cornerstone Financial Management LLC acquired a new position in NIKE during the 4th quarter worth approximately $26,000. Sankala Group LLC acquired a new stake in NIKE in the fourth quarter valued at approximately $26,000. J.Safra Asset Management Corp acquired a new stake in NIKE in the fourth quarter valued at approximately $29,000. Kemnay Advisory Services Inc. purchased a new stake in shares of NIKE during the fourth quarter valued at approximately $30,000. Finally, Litman Gregory Wealth Management LLC purchased a new stake in shares of NIKE during the fourth quarter valued at approximately $32,000. 64.25% of the stock is currently owned by institutional investors and hedge funds.

NIKE Stock Performance

NIKE stock opened at $42.74 on Friday. NIKE, Inc. has a 52 week low of $40.00 and a 52 week high of $80.17. The company has a current ratio of 1.96, a quick ratio of 1.36 and a debt-to-equity ratio of 0.40. The stock has a market cap of $63.30 billion, a P/E ratio of 20.45, a price-to-earnings-growth ratio of 2.48 and a beta of 1.12. The stock has a 50 day moving average of $43.71 and a 200-day moving average of $52.46.

NIKE (NYSE:NKE – Get Free Report) last posted its quarterly earnings results on Tuesday, June 30th. The footwear maker reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.09. NIKE had a net margin of 6.70% and a return on equity of 16.54%. The firm had revenue of $10.97 billion for the quarter, compared to analysts’ expectations of $10.85 billion. During the same period in the prior year, the company posted $0.14 earnings per share. The firm’s quarterly revenue was down 1.1% on a year-over-year basis. On average, analysts expect that NIKE, Inc. will post 1.76 EPS for the current fiscal year.

NIKE Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 1st. Stockholders of record on Monday, June 1st were given a dividend of $0.41 per share. The ex-dividend date of this dividend was Monday, June 1st. This represents a $1.64 annualized dividend and a dividend yield of 3.8%. NIKE’s dividend payout ratio (DPR) is presently 78.47%.

Insider Transactions at NIKE

In other news, CEO Elliott Hill purchased 23,660 shares of the firm’s stock in a transaction that occurred on Monday, April 13th. The stock was acquired at an average cost of $42.27 per share, for a total transaction of $1,000,108.20. Following the completion of the purchase, the chief executive officer owned 265,247 shares of the company’s stock, valued at approximately $11,211,990.69. This trade represents a 9.79% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Philip Mccartney sold 17,398 shares of the company’s stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $46.18, for a total value of $803,439.64. Following the sale, the executive vice president owned 53,133 shares in the company, valued at $2,453,681.94. The trade was a 24.67% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. 0.80% of the stock is currently owned by company insiders.

Trending Headlines about NIKE

Here are the key news stories impacting NIKE this week:

Positive Sentiment: NIKE’s turnaround is showing traction in running, training, performance categories, and wholesale channels, which supports the longer-term recovery story. NIKE Trends to Watch as Sports Growth Fights Tariffs and China
Positive Sentiment: NIKE posted an earnings beat, and a Truist analyst reiterated a Buy rating with a $47 price target, showing some Wall Street confidence in the reset. Nike’s Management Cautious Despite Earnings Beat
Neutral Sentiment: Investors are closely watching NIKE because the name is drawing elevated attention after earnings, but the setup remains mixed. NIKE, Inc. (NKE) is Attracting Investor Attention: Here is What You Should Know
Neutral Sentiment: The company is returning cash to shareholders through dividends and buybacks, but this is not enough on its own to change the near-term stock narrative. How NIKE’s Capital Returns Show the Tax Tradeoff Between Dividends and Buybacks
Negative Sentiment: Recent commentary warns that weak estimates, channel pressure, China softness, and tariff risks make it hard to call NIKE a clear value opportunity right now. Is NKE Stock a Buy or Value Trap After Its 2026 Reset Effort?
Negative Sentiment: Analysts say NIKE’s 2026 outlook remains uneven, with weakness in Sportswear, NIKE Direct, and China still offsetting progress elsewhere. NIKE Stock Outlook 2026 as Recovery Stays Uneven Across Markets

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on NKE shares. Piper Sandler decreased their target price on shares of NIKE from $50.00 to $45.00 and set a “neutral” rating for the company in a research note on Wednesday, July 1st. Barclays dropped their price target on shares of NIKE from $67.00 to $52.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 1st. BNP Paribas Exane reiterated an “underperform” rating and issued a $23.00 price objective on shares of NIKE in a report on Wednesday, July 1st. Stifel Nicolaus set a $45.00 price objective on shares of NIKE and gave the company a “hold” rating in a research report on Wednesday, July 1st. Finally, Robert W. Baird reissued an “outperform” rating and issued a $70.00 price objective on shares of NIKE in a research report on Wednesday, July 1st. Thirteen research analysts have rated the stock with a Buy rating, nineteen have given a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, NIKE currently has an average rating of “Hold” and a consensus price target of $54.80.

Check Out Our Latest Report on NKE

NIKE Profile

(Free Report)

Nike, Inc (NYSE: NKE) is a global designer, marketer and distributor of athletic footwear, apparel, equipment and accessories. Founded in 1964 as Blue Ribbon Sports by Phil Knight and Bill Bowerman and renamed Nike in 1971, the company is headquartered near Beaverton, Oregon. Nike develops and commercializes products across performance and lifestyle categories for sports including running, basketball, soccer and training, and is known for signature technologies and design-driven product lines.

The company markets products under several primary brands, including Nike, Jordan and Converse, and sells through a combination of wholesale relationships, branded retail stores and direct-to-consumer channels such as company-operated stores and digital platforms (e.g., Nike.com and mobile apps).