Cacti Asset Management LLC Cuts Stock Holdings in NIKE, Inc. $NKE

Cacti Asset Management LLC decreased its position in shares of NIKE, Inc. (NYSE:NKE) by 92.3% in the 3rd quarter, HoldingsChannel reports. The fund owned 26,690 shares of the footwear maker’s stock after selling 322,092 shares during the period. Cacti Asset Management LLC’s holdings in NIKE were worth $957,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of NKE. Scarborough Advisors LLC bought a new position in shares of NIKE in the 1st quarter worth $25,000. Cornerstone Financial Management LLC acquired a new position in NIKE during the fourth quarter worth $26,000. Sankala Group LLC acquired a new position in NIKE during the fourth quarter worth $26,000. Meeder Asset Management Inc. lifted its stake in shares of NIKE by 108.4% in the first quarter. Meeder Asset Management Inc. now owns 548 shares of the footwear maker’s stock valued at $29,000 after buying an additional 285 shares in the last quarter. Finally, Atlas Wealth LLC bought a new position in shares of NIKE in the first quarter valued at $31,000. 64.25% of the stock is owned by institutional investors and hedge funds.

Insider Activity at NIKE

In other news, insider Amy Montagne sold 4,867 shares of the firm’s stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $42.05, for a total transaction of $204,657.35. Following the completion of the sale, the insider owned 57,436 shares in the company, valued at $2,415,183.80. This trade represents a 7.81% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, COO Venkatesh Alagirisamy sold 3,671 shares of the firm’s stock in a transaction 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 sale, the chief operating officer directly owned 104,862 shares of the company’s stock, valued at $3,941,762.58. This represents a 3.38% decrease in their ownership of the stock. 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 three months, insiders have sold 14,974 shares of company stock worth $600,126. 1.10% of the stock is currently owned by corporate insiders.

NIKE News Summary

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: Record short interest—estimated at about 87 million shares—could amplify any rally if Nike reports results or guidance above expectations and forces bearish investors to cover positions. NKE short-interest article
• Positive Sentiment: Investors are watching new products, including WNBA star Caitlin Clark’s Caitlin 1 signature shoe, as potential evidence that Nike can rebuild product momentum and reconnect with consumers. Some retail investors remain constructive and view the selloff as an opportunity to reinvest. Caitlin 1 catalyst article
• Neutral Sentiment: Options markets imply a sizable post-earnings move, reflecting unusually high uncertainty rather than a clear directional outlook. Consensus expectations reportedly call for approximately $0.44 in EPS and $11.34 billion in revenue, with investors focused on China sales, margins, inventories, and management’s recovery timeline. Nike earnings expectations article
• Negative Sentiment: Bank of America cautioned that weak sales, margin pressure, and a delayed turnaround could push NKE lower. Analysts have also reduced price targets and expect conservative guidance, suggesting that even an earnings beat may not be enough without stronger signs of recovery. Bank of America Nike outlook
• Negative Sentiment: Previews generally expect year-over-year declines in quarterly earnings and revenue, reinforcing concerns that Nike’s turnaround is progressing too slowly and that the company may struggle to regain market share. Traders are therefore positioned for the stock to potentially test new multiyear lows after the report. Nike earnings preview

Analyst Ratings Changes

Several equities research analysts have recently commented on the stock. UBS Group set a $42.00 target price on shares of NIKE and gave the stock a “neutral” rating in a research report on Thursday, September 17th. Royal Bank Of Canada cut their price target on NIKE from $45.00 to $40.00 and set a “sector perform” rating for the company in a research note on Tuesday. BNP Paribas Exane reissued an “underperform” rating on shares of NIKE in a research note on Wednesday, July 22nd. JPMorgan Chase & Co. restated a “sell” rating on shares of NIKE in a report on Monday, August 31st. Finally, Argus raised NIKE to a “strong-buy” rating in a research report on Wednesday, July 15th. One analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, twenty-one have given a Hold rating and seven have issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $46.62.

NIKE Stock Up 1.7%

NYSE:NKE traded up $0.62 on Thursday, hitting $36.02. The stock had a trading volume of 22,178,592 shares, compared to its average volume of 23,009,238. NIKE, Inc. has a 1 year low of $35.15 and a 1 year high of $76.97. The firm’s fifty day simple moving average is $39.16 and its two-hundred day simple moving average is $43.07. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.36 and a current ratio of 1.96. The stock has a market cap of $53.43 billion, a P/E ratio of 17.22, a price-to-earnings-growth ratio of 2.02 and a beta of 1.10.

NIKE (NYSE:NKE) last announced its quarterly earnings data on Tuesday, June 30th. The footwear maker reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.09. The firm had revenue of $10.97 billion during the quarter, compared to the consensus estimate of $10.85 billion. NIKE had a return on equity of 16.54% and a net margin of 6.70%.The business’s revenue for the quarter was down 1.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.14 EPS. Analysts predict that NIKE, Inc. will post 1.64 earnings per share for the current year.

NIKE Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Tuesday, September 1st will be given a dividend of $0.41 per share. The ex-dividend date is Tuesday, September 1st. This represents a $1.64 annualized dividend and a yield of 4.6%. NIKE’s dividend payout ratio is presently 78.47%.

About NIKE

NIKE, Inc is a global sportswear company that designs, develops, markets and sells athletic footwear, apparel, equipment, accessories and related services. Its products are marketed under the NIKE, Jordan and Converse brands and are used across a broad range of sports and lifestyle activities, including running, basketball, football, training and outdoor pursuits.

The company distributes its products through a combination of wholesale partners, NIKE-owned retail stores and digital platforms.