Grandfield & Dodd LLC Buys 16,115 Shares of NIKE, Inc. $NKE

Grandfield & Dodd LLC grew its position in NIKE, Inc. (NYSE:NKE) by 16.7% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 112,882 shares of the footwear maker’s stock after buying an additional 16,115 shares during the period. Grandfield & Dodd LLC’s holdings in NIKE were worth $4,634,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Cornerstone Financial Management LLC purchased a new stake in shares of NIKE during the fourth quarter worth about $26,000. Sankala Group LLC acquired a new stake in shares of NIKE in the fourth quarter worth $26,000. J.Safra Asset Management Corp acquired a new stake in NIKE during the 4th quarter worth about $29,000. Kemnay Advisory Services Inc. purchased a new position in NIKE during the fourth quarter valued at approximately $30,000. Finally, Scarborough Advisors LLC purchased a new position in shares of NIKE during the 1st quarter valued at approximately $25,000. 64.25% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting NIKE

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: NIKE is emphasizing athlete-led product innovation, new technologies and localized market strategies to reignite consumer demand. A stronger product pipeline could support a gradual recovery if new launches gain traction. Is NIKE Winning Back Consumers Through Product Innovation?
• Positive Sentiment: A rebound in wholesale business provides a potential offset to weaker digital and direct-to-consumer sales, although investors have so far focused more heavily on the latter weakness. China Weakness Overshadows Wholesale Rebound
• Neutral Sentiment: Reports raised questions about an alleged “cookie stuffing” scheme involving e-commerce startup Phia, which may have inserted tracking cookies without valid referrals. The allegations could affect the attribution of affiliate sales and prompt scrutiny of NIKE’s digital controls, but the financial impact remains unclear. What Does Nike Cookie Stuffing Exposure Mean For Investors?
• Negative Sentiment: Persistent weakness in direct-to-consumer sales and China, alongside pressure across international markets, has deepened doubts about the pace and effectiveness of NIKE’s turnaround. The stock has lost roughly 78% from its 2021 record high and reached its lowest level in more than a decade. Nike Shares Hit 11-Year Low as Turnaround Doubts Deepen
• Negative Sentiment: A weak revenue outlook from rival On Holding added pressure to the broader athletic-apparel sector, reinforcing concerns about consumer demand and competition. Why Is Nike Stock Falling?

Insiders Place Their Bets

In related news, COO Venkatesh Alagirisamy sold 890 shares of NIKE stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $41.60, for a total transaction of $37,024.00. Following the sale, the chief operating officer directly owned 74,820 shares in the company, valued at $3,112,512. This trade represents a 1.18% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Philip Mccartney sold 17,398 shares of NIKE stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $46.18, for a total value of $803,439.64. Following the sale, the executive vice president owned 53,133 shares in the company, valued at $2,453,681.94. This trade represents a 24.67% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 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. In the last quarter, insiders have sold 26,142 shares of company stock worth $1,169,380. Insiders own 1.10% of the company’s stock.

NIKE Stock Performance

NYSE:NKE opened at $39.11 on Tuesday. NIKE, Inc. has a 52 week low of $38.86 and a 52 week high of $80.17. The company has a market cap of $58.02 billion, a price-to-earnings ratio of 18.71, a price-to-earnings-growth ratio of 1.81 and a beta of 1.11. 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 fifty day simple moving average of $42.82 and a two-hundred day simple moving average of $48.45.

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 the consensus estimate of $0.11 by $0.09. NIKE had a return on equity of 16.54% and a net margin of 6.70%.The company 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 earned $0.14 EPS. NIKE’s revenue was down 1.1% on a year-over-year basis. As a group, equities analysts anticipate that NIKE, Inc. will post 1.74 earnings per share for the current fiscal year.

NIKE Dividend Announcement

The firm also recently announced 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 annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend is Tuesday, September 1st. NIKE’s dividend payout ratio is 78.47%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on NKE shares. Bank of America reduced their price target on NIKE from $55.00 to $47.00 and set a “neutral” rating for the company in a report on Wednesday, July 1st. Zacks Research downgraded shares of NIKE from a “hold” rating to a “strong sell” rating in a research note on Monday, June 1st. Sanford C. Bernstein reissued an “outperform” rating and set a $68.00 price objective (down from $72.00) on shares of NIKE in a research note on Wednesday, July 29th. Oppenheimer decreased their target price on shares of NIKE from $120.00 to $60.00 and set an “outperform” rating on the stock in a report on Friday, June 26th. Finally, BNP Paribas Exane reaffirmed an “underperform” rating on shares of NIKE in a research note on Wednesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, eighteen have issued a Hold rating and five have issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $53.53.

NIKE 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).