NIKE (NYSE:NKE) Shares Unloaded Rep. Kevin Hern

Key Points

• Rep. Kevin Hern sold between $1,001 and $15,000 of NIKE shares from his traditional IRA on August 13, alongside sales of several other stocks in late August.
• NIKE shares opened at $38.21, near their one-year low of $37.97. The company recently beat quarterly earnings estimates, but revenue declined 1.1% year over year and analysts maintain a consensus “Hold” rating with a $52.94 price target.
• NIKE declared a quarterly dividend of $0.41 per share, equivalent to a 4.3% annualized yield. Investors remain divided between a potential turnaround driven by inventory reductions and margins, and concerns over weak demand and continued underperformance.

Representative Kevin Hern (Republican-Oklahoma) recently sold shares of NIKE, Inc. NYSE: NKE. In a filing disclosed on September 01st, the Representative disclosed that they had sold between $1,001 and $15,000 in NIKE stock on August 13th. The trade occurred in the Representative's "KEVIN HERN TRADITIONAL IRA" account.

Representative Kevin Hern also recently made the following trade(s):

• Sold $1,001 - $15,000 in shares of Marsh & McLennan Companies NYSE: MRSH on 8/24/2026.
• Sold $15,001 - $50,000 in shares of Medtronic NYSE: MDT on 8/24/2026.
• Sold $50,001 - $100,000 in shares of Home Depot NYSE: HD on 8/24/2026.
• Sold $50,001 - $100,000 in shares of Procter & Gamble NYSE: PG on 8/24/2026.
• Sold $1,001 - $15,000 in shares of Lowe's Companies NYSE: LOW on 8/24/2026.
• Sold $15,001 - $50,000 in shares of Microsoft NASDAQ: MSFT on 8/21/2026.
• Sold $1,001 - $15,000 in shares of Veralto NYSE: VLTO on 8/21/2026.
• Sold $15,001 - $50,000 in shares of Honeywell Aerospace NASDAQ: HONA on 8/19/2026.
• Sold $1,001 - $15,000 in shares of Colgate-Palmolive NYSE: CL on 8/19/2026.
• Sold $1,001 - $15,000 in shares of Biogen NASDAQ: BIIB on 8/18/2026.

NIKE Price Performance

NYSE:NKE opened at $38.21 on Thursday. 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. The firm has a market cap of $56.68 billion, a price-to-earnings ratio of 18.28, a PEG ratio of 1.87 and a beta of 1.10. The firm's fifty day moving average is $41.67 and its two-hundred day moving average is $46.51.

NIKE (NYSE:NKE - Get Free Report) last released its quarterly earnings data on Tuesday, June 30th. The footwear maker reported $0.20 earnings per share for the quarter, beating analysts' consensus estimates of $0.11 by $0.09. The business had revenue of $10.97 billion during 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 company's revenue was down 1.1% on a year-over-year basis. During the same quarter last year, the business posted $0.14 EPS. Research 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. Investors of record on Tuesday, September 1st will be given a dividend of $0.41 per share. The ex-dividend date is Tuesday, September 1st. This represents a $1.64 dividend on an annualized basis and a yield of 4.3%. NIKE's payout ratio is currently 78.47%.

Key Headlines Impacting NIKE

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: NIKE’s depressed valuation and improving margins are fueling a turnaround case. Recent inventory reductions, newer footwear launches and supply-chain initiatives could reduce discounting and support profitability over time. Nike Stock Is Down 78% From Its All-Time High
• Positive Sentiment: Some investors view NKE’s steep 2026 underperformance as a potential long-term buying opportunity if management can restore brand momentum, improve product trends and stabilize margins. Nike Presents a Turnaround Bet after 2026 Slump
• Neutral Sentiment: The inventory cleanup is creating near-term pressure through excess-product markdowns, but it could deliver longer-term gains by reducing bloated stock levels and improving gross margins. NIKE's Inventory Cleanup: Short-Term Pain, Long-Term Gain Ahead?
• Negative Sentiment: J.P. Morgan reaffirmed its “sell” rating, reinforcing concerns that the recovery is not yet established and that the stock may not have reached a durable bottom. J.P. Morgan Remains a Sell on Nike
• Negative Sentiment: Bearish commentary points to continued underperformance versus the broader market, uncertain consumer demand and four fundamental reasons suggesting that NKE has not definitively bottomed. Why Nike Stock Hasn't Bottomed Yet

Hedge Funds Weigh In On NIKE

A number of hedge funds have recently bought and sold shares of NKE. Main Street Financial Solutions LLC raised its stake 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 buying an additional 139 shares during the period. ANB Bank grew its stake in NIKE by 0.7% in the 4th quarter. ANB Bank now owns 25,451 shares of the footwear maker's stock valued at $1,621,000 after acquiring an additional 165 shares during the period. Cornerstone Wealth Management LLC grew its stake in NIKE by 4.4% in the 4th quarter. Cornerstone Wealth Management LLC now owns 3,970 shares of the footwear maker's stock valued at $253,000 after acquiring an additional 169 shares during the period. Blue Bell Private Wealth Management LLC increased its holdings in NIKE by 14.1% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 1,416 shares of the footwear maker's stock worth $90,000 after acquiring an additional 175 shares in the last quarter. Finally, Laird Norton Wetherby Wealth Management LLC raised its position in NIKE by 0.8% during the third quarter. Laird Norton Wetherby Wealth Management LLC now owns 23,293 shares of the footwear maker's stock worth $1,624,000 after acquiring an additional 181 shares during the period. Hedge funds and other institutional investors own 64.25% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on NKE shares. BTIG Research reaffirmed a "buy" rating and set a $55.00 target price on shares of NIKE in a report on Wednesday, July 1st. Robert W. Baird restated an "outperform" rating and issued a $70.00 price objective on shares of NIKE in a research report on Wednesday, July 1st. Sanford C. Bernstein reaffirmed 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. Truist Financial set a $42.00 price objective on shares of NIKE and gave the stock a "hold" rating in a research note on Wednesday, August 26th. Finally, Telsey Advisory Group set a $47.00 target price on shares of NIKE and gave the company a "market perform" rating in a research note on Wednesday, July 1st. One investment analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, twenty have given a Hold rating and four have issued a Sell rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $52.94.

Insider Activity at NIKE

In other 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 value of $204,657.35. Following 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Philip Mccartney sold 17,398 shares of the business's stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $46.18, for a total transaction of $803,439.64. Following the sale, the executive vice president directly owned 53,133 shares of the company's stock, valued at $2,453,681.94. This 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 three months, insiders sold 26,142 shares of company stock valued at $1,169,380. 1.10% of the stock is currently owned by company insiders.

About Representative Hern

Kevin Hern (Republican Party) is a member of the U.S. House, representing Oklahoma's 1st Congressional District. He assumed office on November 13, 2018. His current term ends on January 3, 2027. Hern (Republican Party) is running for re-election to the U.S. House to represent Oklahoma's 1st Congressional District. He declared candidacy for the 2026 election. Kevin Hern went into business as a McDonald's franchisee in 1999. He acquired 10 McDonald's franchises by 2012. He served on the McDonald's National Leadership Team for 13 years, including the tax policy team, the insurance corporation, and as chairman of the economics team. From 2011 to 2015, he was chairman of the finance committee of the Oklahoma Turnpike Authority.

NIKE Company 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).

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