NIKE, Inc. $NKE Shares Purchased by Azzad Asset Management Inc. ADV

Azzad Asset Management Inc. ADV grew its stake in shares of NIKE, Inc. (NYSE:NKE) by 92.7% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 59,705 shares of the footwear maker’s stock after acquiring an additional 28,728 shares during the quarter. Azzad Asset Management Inc. ADV’s holdings in NIKE were worth $3,154,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. Westerkirk Capital Inc. increased its position in NIKE by 52.4% during the 4th quarter. Westerkirk Capital Inc. now owns 131,220 shares of the footwear maker’s stock worth $8,360,000 after purchasing an additional 45,100 shares in the last quarter. Mizuho Markets Cayman LP purchased a new position in NIKE in the third quarter valued at approximately $34,200,000. OMERS ADMINISTRATION Corp lifted its position in NIKE by 77.9% during the fourth quarter. OMERS ADMINISTRATION Corp now owns 2,526,179 shares of the footwear maker’s stock valued at $160,943,000 after buying an additional 1,106,499 shares in the last quarter. PFA Pension Forsikringsaktieselskab acquired a new position in NIKE during the fourth quarter valued at approximately $43,188,000. Finally, Nicholas Company Inc. grew its stake in NIKE by 33.3% during the fourth quarter. Nicholas Company Inc. now owns 123,652 shares of the footwear maker’s stock worth $7,878,000 after buying an additional 30,890 shares during the period. 64.25% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on NKE shares. Needham & Company LLC reissued a “hold” rating on shares of NIKE in a research report on Thursday, June 4th. Truist Financial reduced their target price on shares of NIKE from $69.00 to $57.00 and set a “buy” rating on the stock in a report on Wednesday, April 1st. Zacks Research cut shares of NIKE from a “hold” rating to a “strong sell” rating in a research report on Monday, June 1st. UBS Group set a $48.00 price target on NIKE and gave the company a “neutral” rating in a report on Wednesday, July 1st. Finally, Jefferies Financial Group cut their price objective on NIKE from $90.00 to $75.00 and set a “buy” rating on the stock in a research report on Wednesday, July 1st. Thirteen research analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $54.80.

NIKE Trading Down 0.3%

NYSE NKE opened at $42.74 on Friday. The stock has a market cap of $63.30 billion, a P/E ratio of 20.45, a PEG ratio of 2.48 and a beta of 1.12. The company’s fifty day simple moving average is $43.71 and its 200-day simple moving average is $52.46. The company has a current ratio of 1.96, a quick ratio of 1.36 and a debt-to-equity ratio of 0.40. NIKE, Inc. has a 52 week low of $40.00 and a 52 week high of $80.17.

NIKE (NYSE:NKE) last released its quarterly earnings results on Tuesday, June 30th. The footwear maker reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.09. NIKE had a net margin of 6.70% and a return on equity of 16.54%. The business had revenue of $10.97 billion during the quarter, compared to analyst estimates of $10.85 billion. During the same period last year, the business earned $0.14 EPS. The business’s revenue was down 1.1% on a year-over-year basis. Equities research analysts predict that NIKE, Inc. will post 1.76 EPS for the current fiscal year.

NIKE Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 1st. Stockholders of record on Monday, June 1st were paid a dividend of $0.41 per share. The ex-dividend date 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 currently 78.47%.

NIKE News Summary

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

Insider Activity

In other NIKE news, CEO Elliott Hill bought 23,660 shares of the company’s stock in a transaction dated Monday, April 13th. The shares were acquired at an average cost of $42.27 per share, with a total value of $1,000,108.20. Following the completion of the transaction, the chief executive officer owned 265,247 shares in the company, valued at $11,211,990.69. The trade was a 9.79% increase in their ownership of the stock. The transaction 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 business’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $46.18, for a total value of $803,439.64. Following the completion of the transaction, the executive vice president owned 53,133 shares in the company, valued at approximately $2,453,681.94. This trade represents 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 owned by company insiders.

NIKE Profile

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).