Sigma Planning Corp Cuts Stock Position in NIKE, Inc. $NKE

Sigma Planning Corp decreased its holdings in shares of NIKE, Inc. (NYSE:NKE) by 54.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,277 shares of the footwear maker’s stock after selling 19,816 shares during the quarter. Sigma Planning Corp’s holdings in NIKE were worth $668,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Cornerstone Financial Management LLC bought a new position in shares of NIKE in the 4th quarter valued at about $26,000. Sankala Group LLC purchased a new position in NIKE in the fourth quarter worth about $26,000. J.Safra Asset Management Corp bought a new stake in NIKE during the fourth quarter worth approximately $29,000. Kemnay Advisory Services Inc. bought a new stake in NIKE during the fourth quarter worth approximately $30,000. Finally, Scarborough Advisors LLC bought a new stake in shares of NIKE in the 1st quarter valued at approximately $25,000. Institutional investors own 64.25% of the company’s stock.

NIKE News Summary

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: NIKE reinstated the chief commercial officer role and appointed Walmart veteran Jane Ewing, potentially strengthening its commercial execution. The company also announced a partnership with Foot Locker to launch The Crenshaw Rec, a community-focused retail and cultural hub in Los Angeles. Nike Reinstates Chief Commercial Officer Role
• Neutral Sentiment: NIKE’s inventory-reduction program is aimed at clearing excess products and reducing future discounting. While the process may pressure near-term margins, new footwear launches and supply-chain improvements could support profitability over time. NIKE Inventory Cleanup
• Negative Sentiment: JPMorgan reaffirmed its “sell” rating on NIKE, adding pressure to the shares and signaling that the firm sees limited upside at current valuation levels. JPMorgan Reaffirms Sell Rating
• Negative Sentiment: JPMorgan lowered its fiscal 2027 earnings outlook and highlighted rising competition in China, raising concerns about weaker international growth and continued earnings-estimate reductions. JPMorgan Cuts Nike 2027 Earnings Outlook
• Negative Sentiment: NIKE recently underperformed the broader market, reinforcing investor concerns about ongoing brand, demand and execution challenges. Nike Underperforms the General Market

NIKE Trading Down 2.4%

NKE opened at $38.12 on Wednesday. The stock has a market cap of $56.55 billion, a price-to-earnings ratio of 18.24, a P/E/G ratio of 1.73 and a beta of 1.10. The stock’s 50 day moving average price is $41.74 and its 200-day moving average price is $46.67. NIKE, Inc. has a one year low of $37.97 and a one year high of $76.97. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.36 and a current ratio of 1.96.

NIKE (NYSE:NKE) last issued its quarterly earnings results on Tuesday, June 30th. The footwear maker reported $0.20 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $10.97 billion during the quarter, compared to analyst estimates of $10.85 billion. During the same period last year, the company earned $0.14 EPS. NIKE’s quarterly revenue was down 1.1% compared to the same quarter last year. On average, equities analysts forecast that NIKE, Inc. will post 1.74 EPS for the current year.

NIKE Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Tuesday, September 1st will be given a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 4.3%. The ex-dividend date is Tuesday, September 1st. NIKE’s dividend payout ratio (DPR) is 78.47%.

Insiders Place Their Bets

In related news, insider Amy Montagne sold 4,867 shares of NIKE stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $42.05, for a total transaction of $204,657.35. Following the completion of the sale, the insider owned 57,436 shares in the company, valued at $2,415,183.80. This trade represents a 7.81% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Philip Mccartney sold 17,398 shares of NIKE stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $46.18, for a total transaction of $803,439.64. Following the sale, the executive vice president owned 53,133 shares of the company’s stock, valued at $2,453,681.94. The trade was 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. Insiders have sold a total of 26,142 shares of company stock valued at $1,169,380 in the last three months. 1.10% of the stock is owned by company insiders.

Analysts Set New Price Targets

A number of brokerages have recently commented on NKE. Oppenheimer dropped their target price on NIKE from $120.00 to $60.00 and set an “outperform” rating for the company in a report on Friday, June 26th. DZ Bank restated a “buy” rating on shares of NIKE in a research report on Tuesday, June 30th. Sanford C. Bernstein restated an “outperform” rating and issued a $68.00 price target (down from $72.00) on shares of NIKE in a research report on Wednesday, July 29th. Wall Street Zen raised shares of NIKE from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. Finally, Stifel Nicolaus set a $45.00 price objective on shares of NIKE and gave the company a “hold” rating in a research report on Wednesday, July 1st. One research 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 given a Sell rating to the company’s stock. Based on data from MarketBeat.com, NIKE has an average rating of “Hold” and an average price target of $52.94.

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).