Key Points
- NIKE insider Amy Montagne sold 4,867 shares at an average price of $42.05, generating $204,657.35 and reducing her position by 7.81%; she still owns 57,436 shares.
- NIKE reported quarterly EPS of $0.20, exceeding the $0.11 consensus estimate, while revenue of $10.97 billion also topped expectations. However, revenue declined 1.1% year over year amid ongoing turnaround challenges.
- Shares opened at $41.29, near the company’s 12-month low, while NIKE announced a $0.41 quarterly dividend yielding about 4.0%. Analysts maintain a consensus “Hold” rating with an average price target of $53.53, citing China weakness and competitive pressures.
NIKE, Inc. (NYSE:NKE - Get Free Report) insider Amy Montagne sold 4,867 shares of the company'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 value of $204,657.35. Following the transaction, the insider directly owned 57,436 shares of the company's stock, valued at approximately $2,415,183.80. This trade represents a 7.81% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
NIKE Price Performance
NYSE NKE opened at $41.29 on Wednesday. The firm's 50 day moving average is $43.06 and its 200-day moving average is $49.13. The company has a quick ratio of 1.36, a current ratio of 1.96 and a debt-to-equity ratio of 0.40. The company has a market capitalization of $61.25 billion, a PE ratio of 19.76, a price-to-earnings-growth ratio of 1.87 and a beta of 1.11. NIKE, Inc. has a 12-month low of $40.00 and a 12-month high of $80.17.
NIKE (NYSE:NKE - Get Free Report) last announced its earnings results on Tuesday, June 30th. The footwear maker reported $0.20 EPS for the quarter, topping the consensus estimate of $0.11 by $0.09. The business had revenue of $10.97 billion during the quarter, compared to analysts' expectations of $10.85 billion. NIKE had a net margin of 6.70% and a return on equity of 16.54%. The firm's revenue was down 1.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.14 earnings per share. Equities research analysts anticipate that NIKE, Inc. will post 1.74 earnings per share for the current fiscal year.
NIKE Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Tuesday, September 1st will be paid a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date is Tuesday, September 1st. NIKE's dividend payout ratio is currently 78.47%.
Institutional Investors Weigh In On NIKE
Several hedge funds have recently bought and sold shares of NKE. Cornerstone Financial Management LLC bought a new stake in NIKE in the fourth quarter valued at approximately $26,000. Sankala Group LLC bought a new position in shares of NIKE during the 4th quarter worth approximately $26,000. J.Safra Asset Management Corp acquired a new position in shares of NIKE during the 4th quarter worth approximately $29,000. Kemnay Advisory Services Inc. acquired a new position in shares of NIKE during the 4th quarter worth approximately $30,000. Finally, Scarborough Advisors LLC bought a new stake in NIKE in the 1st quarter valued at $25,000. 64.25% of the stock is currently owned by institutional investors and hedge funds.
Key NIKE News
Here are the key news stories impacting NIKE this week:
- Positive Sentiment: NIKE’s planned signature shoe partnership with basketball star Victor Wembanyama could strengthen its connection with younger consumers and support a refreshed basketball strategy. The investment provides a potential growth catalyst as the company seeks to rebuild momentum. What Does Nike Gain From Its Victor Wembanyama Signature Shoe Bet?
- Positive Sentiment: NIKE is upgrading its international logistics network to improve inventory flow, reduce markdowns and support profit margins. Successful execution could help offset ongoing pressure on international sales. Are International Logistics Improvements Paying Off for NIKE?
- Neutral Sentiment: Investors continue to closely track NIKE’s turnaround, including its efforts to improve product innovation, manage inventory and restore brand momentum. Commentary comparing NIKE with other struggling footwear companies highlights both its scale and the challenges facing the sector. Why Is Nike the Consumer Name Markets Track Through Its Turnaround? Nike, Lululemon, Deckers, and On Holding Have All Plunged
- Neutral Sentiment: NIKE announced changes in key finance roles, including the planned resignation of Vice President and Chief Accounting Officer Johanna Nielsen. The transition may draw attention to financial controls and execution, although no immediate business impact was reported. Nike Announces Leadership Changes in Key Finance Roles
- Negative Sentiment: NIKE continues to lose ground in Greater China, where local competitors are gaining share while brands such as Lululemon and Amer Sports report stronger regional growth. Persistent China weakness is a major concern for revenue and brand momentum. China’s Athleisure Boom Is Not Lifting Every Brand Equally
- Negative Sentiment: NIKE underperformed the broader market amid a selloff in footwear stocks, reflecting investor concerns about demand, competition and the pace of its recovery. An insider’s sale of 4,867 shares adds a modest negative signal, though the executive retained a substantial stake. Nike Suffers a Larger Drop Than the General Market NIKE Insider Sale Filing
Analyst Upgrades and Downgrades
Several analysts recently issued reports on NKE shares. Argus upgraded NIKE to a "strong-buy" rating in a report on Wednesday, July 15th. Bank of America decreased their price target on NIKE from $55.00 to $47.00 and set a "neutral" rating for the company in a research note on Wednesday, July 1st. Oppenheimer lowered their price target on NIKE from $120.00 to $60.00 and set an "outperform" rating on the stock in a research report on Friday, June 26th. DZ Bank reiterated a "buy" rating on shares of NIKE in a research note on Tuesday, June 30th. Finally, Telsey Advisory Group set a $47.00 price objective on NIKE and gave the company a "market perform" rating in a report on Wednesday, July 1st. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, eighteen have issued a Hold rating and five have given a Sell rating to the company's stock. According to MarketBeat, NIKE presently has a consensus rating of "Hold" and an average price target of $53.53.
View Our Latest Stock Analysis on NIKE
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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