Bank of New York Mellon Corp Sells 8,307,074 Shares of NIKE, Inc. $NKE

Bank of New York Mellon Corp reduced its position in shares of NIKE, Inc. (NYSE:NKE - Free Report) by 54.6% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 6,896,401 shares of the footwear maker's stock after selling 8,307,074 shares during the quarter. Bank of New York Mellon Corp owned about 0.46% of NIKE worth $283,097,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Cornerstone Financial Management LLC bought a new stake in NIKE during the 4th quarter valued at $26,000. Sankala Group LLC acquired a new stake in shares of NIKE in the 4th quarter worth about $26,000. J.Safra Asset Management Corp acquired a new stake in shares of NIKE in the 4th quarter worth about $29,000. Kemnay Advisory Services Inc. bought a new position in NIKE in the 4th quarter valued at about $30,000. Finally, Scarborough Advisors LLC acquired a new position in NIKE during the 1st quarter valued at about $25,000. Institutional investors own 64.25% of the company's stock.

Insiders Place Their Bets

In other news, insider Amy Montagne sold 4,867 shares of the firm's stock in a transaction on Friday, August 7th. The stock was sold at an average price of $42.05, for a total transaction of $204,657.35. Following the completion of the sale, the insider directly owned 57,436 shares of the company's stock, valued at $2,415,183.80. This trade represents a 7.81% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Matthew Friend sold 2,463 shares of NIKE stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $41.60, for a total value of $102,460.80. Following the sale, the chief financial officer owned 82,165 shares in the company, valued at $3,418,064. The trade was a 2.91% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 26,142 shares of company stock worth $1,169,380 over the last 90 days. Company insiders own 1.10% of the company's stock.

Key Stories Impacting NIKE

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 brokerages have commented on NKE. Needham & Company LLC reissued a "hold" rating on shares of NIKE in a report on Thursday, June 4th. Zacks Research upgraded NIKE from a "strong sell" rating to a "hold" rating in a report on Wednesday. Berenberg Bank set a $49.00 target price on NIKE and gave the company a "hold" rating in a research report on Friday, July 3rd. Robert W. Baird reiterated an "outperform" rating and set a $70.00 price target on shares of NIKE in a report on Wednesday, July 1st. Finally, Bank of America decreased their price target on NIKE from $55.00 to $47.00 and set a "neutral" rating for the company in a report on Wednesday, July 1st. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, nineteen have given a Hold rating and four have given a Sell rating to the stock. According to MarketBeat, NIKE has an average rating of "Hold" and a consensus price target of $53.53.

NIKE Price Performance

NIKE stock opened at $40.75 on Friday. NIKE, Inc. has a 52 week low of $38.86 and a 52 week high of $80.17. The company's 50 day moving average price is $42.47 and its two-hundred day moving average price is $47.93. The company has a quick ratio of 1.36, a current ratio of 1.96 and a debt-to-equity ratio of 0.40. The stock has a market cap 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.

NIKE (NYSE:NKE - Get Free Report) last announced 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. The firm had revenue of $10.97 billion for the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.14 EPS. On average, equities analysts predict that NIKE, Inc. will post 1.74 earnings per share for the current year.

NIKE Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 1st will be paid a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date is Tuesday, September 1st. NIKE's dividend payout ratio is 78.47%.

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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