Key Points
- NIKE COO Venkatesh Alagirisamy sold 890 shares at an average price of $41.60, totaling $37,024. The sale was conducted under a pre-arranged Rule 10b5-1 plan and reduced his ownership by 1.18%.
- NIKE’s latest quarterly results exceeded expectations, with EPS of $0.20 versus the $0.11 consensus and revenue of $10.97 billion. However, revenue declined 1.1% year over year, and the stock was trading near its 12-month low.
- The company declared a quarterly dividend of $0.41 per share, equivalent to a 3.9% annualized yield. Analysts maintain a consensus “Hold” rating with a $53.53 price target amid concerns about NIKE’s turnaround, China reset and store closures.
NIKE, Inc. (NYSE:NKE - Get Free Report) EVP Philip Mccartney sold 524 shares of the firm's stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $41.60, for a total value of $21,798.40. Following the completion of the transaction, the executive vice president owned 52,115 shares in the company, valued at approximately $2,167,984. This represents a 1.00% decrease in their position. The transaction was disclosed in a legal filing 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.
Philip Mccartney also recently made the following trade(s):
- On Friday, June 12th, Philip Mccartney sold 17,398 shares of NIKE stock. The shares were sold at an average price of $46.18, for a total transaction of $803,439.64.
NIKE Stock Down 0.8%
Shares of NYSE NKE opened at $41.66 on Friday. NIKE, Inc. has a 1 year low of $40.00 and a 1 year high of $80.17. The firm's 50-day moving average is $43.18 and its 200-day moving average is $49.55. 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 firm has a market capitalization of $61.81 billion, a PE ratio of 19.94, a price-to-earnings-growth ratio of 1.86 and a beta of 1.11.
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 for the quarter, topping 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 the consensus estimate of $10.85 billion. During the same period in the previous year, the firm posted $0.14 earnings per share. NIKE's revenue for the quarter was down 1.1% compared to the same quarter last year. Equities analysts expect that NIKE, Inc. will post 1.74 EPS for the current year.
NIKE Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders 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 dividend yield of 3.9%. NIKE's payout ratio is presently 78.47%.
Institutional Investors Weigh In On NIKE
Several large investors have recently modified their holdings of NKE. Westerkirk Capital Inc. boosted its position in shares of NIKE by 52.4% during the fourth quarter. Westerkirk Capital Inc. now owns 131,220 shares of the footwear maker's stock valued at $8,360,000 after buying an additional 45,100 shares during the last quarter. OMERS ADMINISTRATION Corp boosted its holdings in NIKE by 77.9% during the 4th quarter. OMERS ADMINISTRATION Corp now owns 2,526,179 shares of the footwear maker's stock worth $160,943,000 after acquiring an additional 1,106,499 shares during the last quarter. PFA Pension Forsikringsaktieselskab bought a new stake in shares of NIKE in the 4th quarter worth $43,188,000. Nicholas Company Inc. raised its holdings in shares of NIKE by 33.3% in the fourth quarter. Nicholas Company Inc. now owns 123,652 shares of the footwear maker's stock valued at $7,878,000 after purchasing an additional 30,890 shares during the last quarter. Finally, Stoneridge Investment Partners LLC lifted its position in shares of NIKE by 1,253.6% during the fourth quarter. Stoneridge Investment Partners LLC now owns 78,846 shares of the footwear maker's stock valued at $5,023,000 after purchasing an additional 73,021 shares in the last quarter. 64.25% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
A number of equities research analysts recently commented on NKE shares. The Goldman Sachs Group decreased their price objective on NIKE from $46.00 to $42.00 and set a "neutral" rating for the company in a research note on Wednesday, July 1st. Evercore set a $46.00 target price on NIKE and gave the stock an "in-line" rating in a research report on Tuesday, June 23rd. BNP Paribas Exane reiterated an "underperform" rating on shares of NIKE in a research report on Wednesday, July 22nd. JPMorgan Chase & Co. reissued an "underweight" rating and set a $40.00 price objective (down from $47.00) on shares of NIKE in a research note on Tuesday. Finally, Stifel Nicolaus set a $45.00 price objective on shares of NIKE and gave the company a "hold" rating in a report on Wednesday, July 1st. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, eighteen have given a Hold rating and five have given a Sell rating to the company. Based on data from MarketBeat, NIKE presently has a consensus rating of "Hold" and a consensus target price of $53.53.
Get Our Latest Report on NIKE
Key NIKE News
Here are the key news stories impacting NIKE this week:
- Positive Sentiment: NIKE declared a quarterly dividend of $0.41 per share, payable October 1 to shareholders of record September 1. The annualized payout of $1.64 represents an approximately 3.9% yield and provides continued income support for investors. NIKE Declares $0.41 Quarterly Dividend
- Positive Sentiment: NIKE is emphasizing performance products, innovation, athlete engagement and sport-focused execution as part of its effort to restore longer-term growth. The strategy could help offset near-term demand weakness if product momentum improves. NIKE Bets on Performance Products
- Neutral Sentiment: Brokerages collectively maintain a “Hold” recommendation, suggesting analysts see limited near-term catalysts but that the stock’s depressed valuation may already reflect some of the company’s difficulties. Consensus Hold Recommendation
- Negative Sentiment: JPMorgan lowered its stance to “Sell” and reiterated an underweight view, citing a longer-than-expected turnaround. The downgrade adds pressure to the stock and signals concerns about weak demand and delayed earnings recovery. JPMorgan Cuts Nike to Sell
- Negative Sentiment: Investors continue to focus on NIKE’s China reset and planned U.S. store closures, which could weigh on near-term revenue, earnings and operating margins. Analysts have also questioned whether the shares remain expensive relative to fair value despite substantial declines during 2026. NIKE China Reset and Store Closures
- Negative Sentiment: NIKE’s CFO, COO and an executive vice president each sold shares at $41.60. Because all three transactions were executed under pre-arranged Rule 10b5-1 plans and represented relatively small reductions in ownership, the sales are a modest negative signal rather than evidence of discretionary insider selling. NIKE Insider Sale Filing
NIKE Company Profile
(
Get 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).
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