NIKE, Inc. $NKE Shares Sold by Wellington Management Group LLP

Wellington Management Group LLP trimmed its stake in shares of NIKE, Inc. (NYSE:NKE) by 42.1% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 22,208,933 shares of the footwear maker’s stock after selling 16,143,310 shares during the period. Wellington Management Group LLP owned 1.50% of NIKE worth $911,677,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the stock. Main Street Financial Solutions LLC raised its position in shares of NIKE by 4.2% during the 2nd quarter. Main Street Financial Solutions LLC now owns 3,441 shares of the footwear maker’s stock worth $244,000 after purchasing an additional 139 shares during the last quarter. ANB Bank boosted its holdings in NIKE by 0.7% in the 4th 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 last quarter. Cornerstone Wealth Management LLC boosted its holdings in NIKE by 4.4% in the 4th 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. Activest Wealth Management increased its stake in NIKE by 27.4% during the 4th quarter. Activest Wealth Management now owns 810 shares of the footwear maker’s stock worth $52,000 after buying an additional 174 shares in the last quarter. Finally, Blue Bell Private Wealth Management LLC increased its stake in NIKE by 14.1% during the 4th quarter. Blue Bell Private Wealth Management LLC now owns 1,416 shares of the footwear maker’s stock worth $90,000 after buying an additional 175 shares in the last quarter. Institutional investors and hedge funds own 64.25% of the company’s stock.

Insiders Place Their Bets

In other news, CFO Matthew Friend sold 2,463 shares of the stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $41.60, for a total transaction of $102,460.80. Following the completion of the transaction, the chief financial officer directly owned 82,165 shares in the company, valued at approximately $3,418,064. This represents a 2.91% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Venkatesh Alagirisamy sold 890 shares of the firm’s stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $41.60, for a total value of $37,024.00. Following the sale, the chief operating officer directly owned 74,820 shares of the company’s stock, valued at $3,112,512. The trade was a 1.18% decrease in their ownership of the stock. 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. Insiders sold 26,142 shares of company stock worth $1,169,380 in the last three months. 1.10% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Sanford C. Bernstein restated an “outperform” rating and issued a $68.00 target price (down from $72.00) on shares of NIKE in a research report on Wednesday, July 29th. JPMorgan Chase & Co. reiterated an “underweight” rating and set a $40.00 price target (down from $47.00) on shares of NIKE in a research report on Tuesday, August 4th. Deutsche Bank Aktiengesellschaft increased their price objective on NIKE from $43.00 to $45.00 and gave the company a “hold” rating in a research note on Friday, July 17th. UBS Group set a $48.00 target price on shares of NIKE and gave the stock a “neutral” rating in a research note on Wednesday, July 1st. Finally, Zacks Research raised shares of NIKE from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 19th. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, twenty have assigned a Hold rating and four have assigned a Sell rating to the stock. According to data from MarketBeat, NIKE currently has an average rating of “Hold” and an average target price of $52.94.

NIKE News Roundup

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: Traders purchased 182,729 NKE call options, 59% above typical daily call volume. The activity may reflect increased bullish speculation, although options positioning does not guarantee sustained buying in the shares.
• Positive Sentiment: Grupo SBF extended its exclusive Nike distribution agreement in Brazil through 2034. The longer arrangement provides continued access to an important Latin American market and supports Nike’s regional distribution network. Grupo SBF Extends Exclusive Nike Distribution Deal in Brazil to 2034
• Neutral Sentiment: NIKE said it will release fiscal first-quarter 2027 results on October 1 after the market close, followed by a management conference call. Investors will look for evidence that the company’s turnaround is improving sales, inventory levels and margins. NIKE Announces First Quarter Fiscal 2027 Earnings and Conference Call
• Neutral Sentiment: NIKE appointed Walmart veteran Jane Ewing as chief commercial officer to help lead its comeback. The hire could strengthen execution and retail strategy, but investors are likely to want measurable results before assigning significant value to the turnaround. Nike Taps Walmart Veteran to Help Drive Comeback
• Negative Sentiment: Reports say Nike’s China business continues to shrink as domestic competitors gain market share and the brand struggles to remain locally relevant. China weakness threatens a key source of long-term growth. Why America’s Biggest Brands Keep Losing in China
• Negative Sentiment: Analysts and market commentary continue to cite soft consumer confidence, weaker traffic, excess legacy inventory and doubts about product innovation. These concerns reinforce expectations for a prolonged recovery and have contributed to reduced price targets and bearish sentiment.

NIKE Stock Performance

NIKE stock opened at $39.57 on Friday. The firm has a 50 day simple moving average of $41.91 and a 200-day simple moving average of $47.11. NIKE, Inc. has a 1-year low of $38.17 and a 1-year high of $79.13. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.96 and a quick ratio of 1.36. The stock has a market cap of $58.70 billion, a price-to-earnings ratio of 18.93, a price-to-earnings-growth ratio of 1.76 and a beta of 1.11.

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 analysts’ consensus estimates of $0.11 by $0.09. The business had revenue of $10.97 billion during the quarter, compared to the consensus estimate of $10.85 billion. NIKE had a net margin of 6.70% and a return on equity of 16.54%. The business’s revenue was down 1.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.14 EPS. On average, analysts expect 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. Shareholders of record on Tuesday, September 1st will be paid a dividend of $0.41 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $1.64 annualized dividend and a yield of 4.1%. NIKE’s dividend payout ratio (DPR) is 78.47%.

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).