Kiltearn Partners LLP Makes New Investment in NIKE, Inc. $NKE

Kiltearn Partners LLP purchased a new stake in NIKE, Inc. (NYSE:NKE) during the second quarter, Holdings Channel.com reports. The institutional investor purchased 111,171 shares of the footwear maker’s stock, valued at approximately $4,564,000. NIKE makes up about 1.1% of Kiltearn Partners LLP’s portfolio, making the stock its 24th largest holding.

Several other institutional investors and hedge funds also recently made changes to their positions in NKE. Main Street Financial Solutions LLC boosted its stake in shares of NIKE by 4.2% in the 2nd quarter. Main Street Financial Solutions LLC now owns 3,441 shares of the footwear maker’s stock valued at $244,000 after purchasing an additional 139 shares during the last quarter. ANB Bank increased its position in shares of NIKE by 0.7% during the fourth quarter. ANB Bank now owns 25,451 shares of the footwear maker’s stock worth $1,621,000 after buying an additional 165 shares during the period. Cornerstone Wealth Management LLC raised its stake in NIKE by 4.4% during the fourth quarter. Cornerstone Wealth Management LLC now owns 3,970 shares of the footwear maker’s stock worth $253,000 after buying an additional 169 shares during the last quarter. Caldwell Sutter Capital Inc. raised its stake in NIKE by 7.6% during the fourth quarter. Caldwell Sutter Capital Inc. now owns 2,402 shares of the footwear maker’s stock worth $153,000 after buying an additional 170 shares during the last quarter. Finally, Activest Wealth Management raised its stake in NIKE by 27.4% during the fourth quarter. Activest Wealth Management now owns 810 shares of the footwear maker’s stock worth $52,000 after buying an additional 174 shares during the last quarter. Institutional investors and hedge funds own 64.25% of the company’s stock.

NIKE Price Performance

Shares of NYSE NKE opened at $40.75 on Friday. The firm has a market capitalization of $60.45 billion, a P/E ratio of 19.50, a P/E/G ratio of 1.81 and a beta of 1.11. The firm’s 50-day moving average price is $42.47 and its 200-day moving average price is $47.93. The company has a current ratio of 1.96, a quick ratio of 1.36 and a debt-to-equity ratio of 0.40. NIKE, Inc. has a 1-year low of $38.86 and a 1-year high of $80.17.

NIKE (NYSE:NKE) last announced its quarterly earnings results on Tuesday, June 30th. The footwear maker reported $0.20 earnings per share (EPS) 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 business had revenue of $10.97 billion for the quarter, compared to analyst estimates of $10.85 billion. During the same quarter in the prior year, the company earned $0.14 earnings per share. The company’s quarterly revenue was down 1.1% on a year-over-year basis. Equities research analysts anticipate that NIKE, Inc. will post 1.74 earnings per share for the current fiscal year.

NIKE Announces Dividend

The company 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 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend is Tuesday, September 1st. NIKE’s dividend payout ratio is presently 78.47%.

NIKE News Summary

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: Some investors see potential value after the steep selloff. Nike’s compressed valuation could support a rebound if new products, management initiatives and operational improvements eventually restore sales momentum. Several large institutions, including Capital World Investors and JPMorgan, reportedly added shares during the latest quarter. Nike Stock Opinions on Prolonged Stock Decline
• Positive Sentiment: Zacks Research upgraded NKE from “strong sell” to “hold,” offering a modest improvement in analyst sentiment. Recent insider purchases, including shares bought by CEO Elliott Hill, may also signal confidence in the company’s long-term recovery potential. Zacks Research
• Neutral Sentiment: Analyst views remain sharply divided. Reported price targets range from $23 to $75, while the median target is about $47.50, indicating substantial potential upside but also significant uncertainty about the timing and strength of a recovery.
• Negative Sentiment: Recent commentary argues that NKE is not yet a clear bargain because structural problems could push the stock lower. Nike faces sluggish revenue growth, intensifying competition, weakness in Asia and difficulties rebuilding its direct-to-consumer business. Nike Is Back at Its 2014 Price and Still Isn’t Cheap
• Negative Sentiment: Wall Street reportedly expects earnings to decline another 18%, reinforcing concerns that the recovery will be prolonged rather than immediate. JPMorgan’s outlook reportedly calls for stabilization by fiscal 2028—not a full recovery—while analysts warn there is no quick fix. Nike Just Hit a 12-Year Low
• Negative Sentiment: Nike’s latest quarterly revenue fell about 1.1% year over year, and the company is pulling back on its small neighborhood-store concept. Institutional trading is also mixed, with more investors reducing positions than adding them, adding to the cautious tone.

Analysts Set New Price Targets

A number of analysts have commented on NKE shares. The Goldman Sachs Group cut their price target on shares of NIKE from $46.00 to $42.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 1st. Oppenheimer lowered their price objective on NIKE from $120.00 to $60.00 and set an “outperform” rating for the company in a research report on Friday, June 26th. Piper Sandler lowered their price objective on NIKE from $50.00 to $45.00 and set a “neutral” rating for the company in a research report on Wednesday, July 1st. Telsey Advisory Group set a $47.00 price objective on NIKE and gave the company a “market perform” rating in a research note on Wednesday, July 1st. Finally, BNP Paribas Exane restated an “underperform” rating on shares of NIKE in a research report on Wednesday, July 22nd. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, nineteen have assigned a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $53.53.

Insider Transactions at NIKE

In related news, EVP Philip Mccartney sold 17,398 shares of the stock in a transaction on Friday, June 12th. The stock was sold at an average price of $46.18, for a total value of $803,439.64. Following the transaction, the executive vice president directly owned 53,133 shares in the company, valued at $2,453,681.94. This trade represents a 24.67% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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. Also, CFO Matthew Friend sold 2,463 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 $102,460.80. Following the completion of the sale, the chief financial officer directly owned 82,165 shares of the company’s stock, valued at approximately $3,418,064. The trade was a 2.91% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 26,142 shares of company stock valued at $1,169,380 in the last 90 days. 1.10% of the stock is currently owned by company insiders.

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).