Ally Financial Inc. acquired a new position in NIKE, Inc. (NYSE:NKE - Free Report) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 133,000 shares of the footwear maker's stock, valued at approximately $5,460,000.
Several other institutional investors have also added to or reduced their stakes in the stock. Brighton Jones LLC lifted its stake in shares of NIKE by 388.5% in the 4th quarter. Brighton Jones LLC now owns 202,411 shares of the footwear maker's stock valued at $15,316,000 after purchasing an additional 160,980 shares during the period. Caxton Associates LLP acquired a new position in NIKE in the first quarter valued at approximately $311,000. United Bank lifted its stake in NIKE by 11.3% in the second quarter. United Bank now owns 17,067 shares of the footwear maker's stock valued at $1,212,000 after buying an additional 1,736 shares during the period. NewEdge Advisors LLC boosted its holdings in shares of NIKE by 0.3% during the 2nd quarter. NewEdge Advisors LLC now owns 64,161 shares of the footwear maker's stock worth $4,558,000 after buying an additional 197 shares in the last quarter. Finally, CIBC Asset Management Inc boosted its holdings in shares of NIKE by 6.5% during the 2nd quarter. CIBC Asset Management Inc now owns 191,268 shares of the footwear maker's stock worth $13,588,000 after buying an additional 11,646 shares in the last quarter. 64.25% of the stock is currently owned by institutional investors.
Insider Buying and Selling
In other news, EVP Philip Mccartney sold 17,398 shares of the stock in a transaction that occurred 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 completion of 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 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, insider Amy Montagne sold 4,867 shares of the firm's stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $42.05, for a total value of $204,657.35. Following the completion of the transaction, the insider owned 57,436 shares in the company, valued at $2,415,183.80. This represents a 7.81% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 26,142 shares of company stock valued at $1,169,380. 1.10% of the stock is owned by company insiders.
NIKE Stock Down 0.0%
Shares of NYSE NKE opened at $40.75 on Monday. The stock 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 company has a 50-day moving average price of $42.47 and a 200-day moving average price of $47.83. NIKE, Inc. has a 1 year low of $38.86 and a 1 year high of $80.17. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.96 and a quick ratio of 1.36.
NIKE (NYSE:NKE - Get Free Report) last posted its earnings results on Tuesday, June 30th. The footwear maker reported $0.20 earnings per share for the quarter, topping analysts' consensus estimates of $0.11 by $0.09. NIKE had a net margin of 6.70% and a return on equity of 16.54%. The company 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 business posted $0.14 EPS. The firm's revenue was down 1.1% compared to the same quarter last year. On average, equities research analysts forecast that NIKE, Inc. will post 1.74 EPS for the current fiscal year.
NIKE Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 1st will be issued a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend is Tuesday, September 1st. NIKE's payout ratio is currently 78.47%.
Analyst Upgrades and Downgrades
NKE has been the subject of several research analyst reports. Berenberg Bank set a $49.00 price objective on shares of NIKE and gave the company a "hold" rating in a research note on Friday, July 3rd. DZ Bank reissued a "buy" rating on shares of NIKE in a research note on Tuesday, June 30th. The Goldman Sachs Group reduced their price target on shares of NIKE from $46.00 to $42.00 and set a "neutral" rating for the company in a report on Wednesday, July 1st. Royal Bank Of Canada restated a "neutral" rating on shares of NIKE in a report on Wednesday, July 1st. Finally, Rothschild & Co Redburn decreased their price target on shares of NIKE from $45.00 to $37.00 and set a "sell" rating for the company in a research note on Friday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, nineteen have issued a Hold rating and four have issued a Sell rating to the company. According to MarketBeat, NIKE has a consensus rating of "Hold" and an average target price of $53.53.
Get Our Latest Stock Analysis on NKE
Key NIKE News
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.
About NIKE
(
Free Report)
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).
Further Reading
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