Amy Montagne Sells 4,867 Shares of NIKE (NYSE:NKE) Stock

NIKE, Inc. (NYSE:NKE) insider Amy Montagne sold 4,867 shares of the firm’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 in the company, valued at approximately $2,415,183.80. This trade represents a 7.81% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink.

NIKE Stock Down 1.8%

NKE stock opened at $40.57 on Thursday. The company has a 50 day moving average price of $42.99 and a two-hundred day moving average price of $48.95. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.36 and a current ratio of 1.96. The stock has a market capitalization of $60.19 billion, a P/E ratio of 19.41, a PEG ratio of 1.83 and a beta of 1.11. NIKE, Inc. has a one year low of $40.00 and a one year high of $80.17.

NIKE (NYSE:NKE) last issued 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. The company had revenue of $10.97 billion for the quarter, compared to analyst estimates of $10.85 billion. NIKE had a return on equity of 16.54% and a net margin of 6.70%.The business’s revenue for the quarter was down 1.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.14 EPS. As a group, sell-side analysts expect that NIKE, Inc. will post 1.74 EPS for the current year.

NIKE Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 1st will be paid a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend is Tuesday, September 1st. NIKE’s dividend payout ratio (DPR) is presently 78.47%.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. The Goldman Sachs Group cut their price objective on shares of NIKE from $46.00 to $42.00 and set a “neutral” rating on the stock in a report on Wednesday, July 1st. China Renaissance lowered their target price on shares of NIKE from $50.30 to $47.30 and set a “hold” rating for the company in a report on Thursday, July 2nd. Telsey Advisory Group set a $47.00 price target on shares of NIKE and gave the stock a “market perform” rating in a research report on Wednesday, July 1st. Berenberg Bank set a $49.00 price target on shares of NIKE and gave the stock a “hold” rating in a research note on Friday, July 3rd. Finally, Zacks Research lowered shares of NIKE from a “hold” rating to a “strong sell” rating in a report on Monday, June 1st. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, eighteen have issued a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $53.53.

More NIKE News

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: NIKE’s quarterly dividend could receive another modest increase. The company has delivered 24 consecutive years of dividend growth, and a higher payout would support the stock’s income appeal, although the current payout ratio is already relatively high. NIKE Dividend: Why a Small Increase Could Be on the Way
• Positive Sentiment: The company’s latest earnings report exceeded consensus expectations for both earnings per share and revenue. However, the revenue decline indicates that the beat was not accompanied by renewed top-line growth.
• Neutral Sentiment: NIKE’s turnaround remains the central investor focus. Efforts to improve product innovation, inventory management, international logistics and brand momentum could eventually restore growth and reduce markdowns, but the timing and effectiveness of the recovery remain uncertain. Why Is Nike the Consumer Name Markets Track Through Its Turnaround?
• Negative Sentiment: Analyst concerns intensified after Seeking Alpha downgraded NIKE, arguing that a return to full-price selling and normalized profitability will take time. A separate Zacks Research revision lowered its FY2029 EPS estimate to $2.56 from $2.63 and maintained a “Strong Sell” rating. Nike: Full Price Recovery Will Take Time
• Negative Sentiment: Greater China remains a major weakness. Local competitors are taking market share, while rival brands are reporting stronger regional growth, raising concerns about NIKE’s revenue trajectory and brand strength in an important market. China’s Athleisure Boom Is Not Lifting Every Brand Equally
• Negative Sentiment: NIKE underperformed during a broader footwear-sector selloff as investors questioned consumer demand, competition and the pace of the recovery. Insider Amy Montagne also sold 4,867 shares, reducing her holdings by 7.81%; she nevertheless retained a substantial position. Amy Montagne Sells NIKE Shares

Hedge Funds Weigh In On NIKE

Several hedge funds and other institutional investors have recently modified their holdings of the company. Pinnacle Holdings LLC purchased a new stake in shares of NIKE during the 2nd quarter worth about $396,000. Kiltearn Partners LLP acquired a new stake in NIKE during the 2nd quarter worth approximately $4,564,000. Madison Asset Management LLC purchased a new position in NIKE in the second quarter valued at approximately $3,370,000. Flossbach Von Storch SE purchased a new position in NIKE in the second quarter valued at approximately $488,714,000. Finally, Main Street Financial Solutions LLC acquired a new position in NIKE during the second quarter valued at approximately $311,000. 64.25% of the stock is owned by institutional investors and hedge funds.

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).