KBC Group NV Sells 14,958 Shares of NIKE, Inc. $NKE

KBC Group NV trimmed its holdings in shares of NIKE, Inc. (NYSE:NKE) by 6.2% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 225,349 shares of the footwear maker’s stock after selling 14,958 shares during the quarter. KBC Group NV’s holdings in NIKE were worth $11,903,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Koss Olinger Consulting LLC lifted its holdings in NIKE by 48.3% in the 1st quarter. Koss Olinger Consulting LLC now owns 19,978 shares of the footwear maker’s stock worth $1,055,000 after purchasing an additional 6,510 shares during the last quarter. SEB Asset Management AB bought a new position in shares of NIKE in the first quarter valued at approximately $13,025,000. Swiss National Bank lifted its stake in shares of NIKE by 7.3% in the first quarter. Swiss National Bank now owns 3,496,700 shares of the footwear maker’s stock worth $184,696,000 after buying an additional 237,600 shares during the last quarter. Legacy Wealth Advisors LLC acquired a new stake in shares of NIKE in the first quarter worth $324,000. Finally, Spartan Wealth Advisory Services LLC bought a new stake in shares of NIKE during the 1st quarter worth $385,000. 64.25% of the stock is currently owned by institutional investors.

NIKE News Roundup

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: NIKE is aiming to regain pricing power and reduce marketplace clutter in China by steering online sales toward its own website, app, and select flagship storefronts, which could strengthen brand presentation if it works. After tackling discounts in China, Nike still needs to win back shoppers
• Positive Sentiment: Some analysts still see meaningful upside longer term, with coverage citing a potentially attractive valuation despite the stock’s recent weakness. Nike Continues a Troubled 2026 But Has Potential to Double According to Morningstar
• Neutral Sentiment: NIKE’s latest earnings beat expectations, but revenue still declined year over year, leaving the turnaround narrative intact rather than clearly resolved.
• Negative Sentiment: Wall Street skepticism is growing after NIKE said it will end online distribution through several China partners starting in 2027, with analysts warning that sales could be pressured and market share could slip during the transition. NKE Stock Slips As Nike’s China E-Commerce Reset Draws Wall Street Skepticism
• Negative Sentiment: Reuters and other reports say Nike has been losing sales in China for eight straight quarters, and the overhaul highlights how dependent the turnaround is on winning back shoppers in a highly competitive market. Nike to tighten online sales in China amid ‘cluttered’ marketplace
• Negative Sentiment: Zacks Research cut multiple forward earnings estimates and kept a “Strong Sell” rating, reinforcing concerns that NIKE’s recovery may take longer than investors hoped. NIKE, Inc. stock news

NIKE Price Performance

Shares of NIKE stock opened at $42.22 on Thursday. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.96 and a quick ratio of 1.36. The company has a market cap of $62.52 billion, a PE ratio of 20.20, a price-to-earnings-growth ratio of 1.91 and a beta of 1.12. The firm has a fifty day moving average price of $43.70 and a two-hundred day moving average price of $51.37. NIKE, Inc. has a fifty-two week low of $40.00 and a fifty-two week high of $80.17.

NIKE (NYSE:NKE) last posted its quarterly earnings data on Tuesday, June 30th. The footwear maker reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.09. The company had revenue of $10.97 billion for the quarter, compared to the consensus estimate of $10.85 billion. NIKE had a net margin of 6.70% and a return on equity of 16.54%. The business’s revenue was down 1.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.14 EPS. Analysts expect that NIKE, Inc. will post 1.74 EPS for the current year.

NIKE Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 1st. Investors of record on Monday, June 1st were paid a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 3.9%. The ex-dividend date was Monday, June 1st. NIKE’s payout ratio is currently 78.47%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on NKE shares. Telsey Advisory Group set a $47.00 target price on shares of NIKE and gave the company a “market perform” rating in a research note on Wednesday, July 1st. Jefferies Financial Group decreased their price target on shares of NIKE from $90.00 to $75.00 and set a “buy” rating for the company in a report on Wednesday, July 1st. Truist Financial lowered their price target on NIKE from $69.00 to $57.00 and set a “buy” rating on the stock in a research report on Wednesday, April 1st. CICC Research dropped their price objective on NIKE from $58.00 to $44.80 and set a “neutral” rating on the stock in a research note on Thursday, July 2nd. Finally, Oppenheimer cut their price objective on NIKE from $120.00 to $60.00 and set an “outperform” rating for the company in a research report on Friday, June 26th. One analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, nineteen have given a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $53.86.

Insider Buying and Selling

In other NIKE news, EVP Philip Mccartney sold 17,398 shares of the company’s stock in a transaction that occurred on 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 of the company’s stock, valued at $2,453,681.94. This represents a 24.67% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 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. 1.10% of the stock is currently owned by company insiders.

NIKE Company 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).