NIKE, Inc. $NKE Shares Sold by Corient Private Wealth LP

Corient Private Wealth LP lowered its holdings in NIKE, Inc. (NYSE:NKE) by 9.3% in the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 486,724 shares of the footwear maker’s stock after selling 49,917 shares during the period. Corient Private Wealth LP’s holdings in NIKE were worth $19,983,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in NKE. Main Street Financial Solutions LLC boosted its position in NIKE by 4.2% in the 2nd quarter. Main Street Financial Solutions LLC now owns 3,441 shares of the footwear maker’s stock valued at $244,000 after buying an additional 139 shares during the period. ANB Bank grew its stake in shares of NIKE by 0.7% in the fourth quarter. ANB Bank now owns 25,451 shares of the footwear maker’s stock worth $1,621,000 after acquiring an additional 165 shares in the last quarter. Cornerstone Wealth Management LLC increased its position in shares of NIKE by 4.4% during the fourth quarter. Cornerstone Wealth Management LLC now owns 3,970 shares of the footwear maker’s stock worth $253,000 after acquiring an additional 169 shares during the period. Activest Wealth Management increased its position in shares of NIKE by 27.4% during the fourth quarter. Activest Wealth Management now owns 810 shares of the footwear maker’s stock worth $52,000 after acquiring an additional 174 shares during the period. Finally, Blue Bell Private Wealth Management LLC raised its stake in shares of NIKE by 14.1% in the fourth quarter. Blue Bell Private Wealth Management LLC now owns 1,416 shares of the footwear maker’s stock valued at $90,000 after acquiring an additional 175 shares in the last quarter. 64.25% of the stock is owned by hedge funds and other institutional investors.

NIKE News Roundup

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: Traders purchased 182,729 NKE call options, 59% above typical daily call volume. The activity may reflect increased bullish speculation, although options positioning does not guarantee sustained buying in the shares.
• Positive Sentiment: Grupo SBF extended its exclusive Nike distribution agreement in Brazil through 2034. The longer arrangement provides continued access to an important Latin American market and supports Nike’s regional distribution network. Grupo SBF Extends Exclusive Nike Distribution Deal in Brazil to 2034
• Neutral Sentiment: NIKE said it will release fiscal first-quarter 2027 results on October 1 after the market close, followed by a management conference call. Investors will look for evidence that the company’s turnaround is improving sales, inventory levels and margins. NIKE Announces First Quarter Fiscal 2027 Earnings and Conference Call
• Neutral Sentiment: NIKE appointed Walmart veteran Jane Ewing as chief commercial officer to help lead its comeback. The hire could strengthen execution and retail strategy, but investors are likely to want measurable results before assigning significant value to the turnaround. Nike Taps Walmart Veteran to Help Drive Comeback
• Negative Sentiment: Reports say Nike’s China business continues to shrink as domestic competitors gain market share and the brand struggles to remain locally relevant. China weakness threatens a key source of long-term growth. Why America’s Biggest Brands Keep Losing in China
• Negative Sentiment: Analysts and market commentary continue to cite soft consumer confidence, weaker traffic, excess legacy inventory and doubts about product innovation. These concerns reinforce expectations for a prolonged recovery and have contributed to reduced price targets and bearish sentiment.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. UBS Group set a $48.00 target price on NIKE and gave the company a “neutral” rating in a report on Wednesday, July 1st. Royal Bank Of Canada restated a “sector perform” rating and set a $45.00 price target on shares of NIKE in a report on Tuesday. Wall Street Zen raised NIKE from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. CICC Research decreased their price objective on NIKE from $58.00 to $44.80 and set a “neutral” rating for the company in a research note on Thursday, July 2nd. Finally, Zacks Research raised NIKE from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 19th. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, twenty have issued a Hold rating and four have issued a Sell rating to the company’s stock. According to data from MarketBeat, NIKE currently has an average rating of “Hold” and an average price target of $52.94.

Insider Activity at NIKE

In other NIKE news, CFO Matthew Friend sold 2,463 shares of the firm’s stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $41.60, for a total transaction of $102,460.80. Following the sale, the chief financial officer owned 82,165 shares of the company’s stock, valued at approximately $3,418,064. This trade represents a 2.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Amy Montagne sold 4,867 shares of the business’s stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $42.05, for a total transaction of $204,657.35. Following the sale, the insider owned 57,436 shares of the company’s stock, valued at $2,415,183.80. This represents a 7.81% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 26,142 shares of company stock worth $1,169,380 in the last ninety days. Company insiders own 1.10% of the company’s stock.

NIKE Stock Up 2.9%

Shares of NYSE NKE opened at $39.57 on Friday. The business has a 50-day moving average of $41.91 and a two-hundred day moving average of $47.11. The company has a market capitalization of $58.70 billion, a price-to-earnings ratio of 18.93, a price-to-earnings-growth ratio of 1.71 and a beta of 1.11. NIKE, Inc. has a 1 year low of $38.17 and a 1 year high of $79.13. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.96 and a quick ratio of 1.36.

NIKE (NYSE:NKE) last released its quarterly earnings data on Tuesday, June 30th. The footwear maker reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.09. NIKE had a return on equity of 16.54% and a net margin of 6.70%.The business had revenue of $10.97 billion for the quarter, compared to the consensus estimate of $10.85 billion. During the same quarter in the prior year, the business posted $0.14 EPS. The business’s revenue for the quarter was down 1.1% on a year-over-year basis. On average, analysts forecast that NIKE, Inc. will post 1.74 earnings per share for the current fiscal year.

NIKE Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Tuesday, September 1st will be issued a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend is Tuesday, September 1st. NIKE’s dividend payout ratio is 78.47%.

About NIKE

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).