Corient Private Wealth LP Cuts Stock Position in NIKE, Inc. $NKE

Corient Private Wealth LP lessened its holdings in NIKE, Inc. (NYSE:NKE - Free Report) by 18.1% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 439,681 shares of the footwear maker's stock after selling 96,960 shares during the period. Corient Private Wealth LP's holdings in NIKE were worth $18,051,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of NKE. Westerkirk Capital Inc. boosted its holdings in shares of NIKE by 52.4% in the 4th quarter. Westerkirk Capital Inc. now owns 131,220 shares of the footwear maker's stock worth $8,360,000 after purchasing an additional 45,100 shares during the period. OMERS ADMINISTRATION Corp lifted its position in NIKE by 77.9% in the fourth quarter. OMERS ADMINISTRATION Corp now owns 2,526,179 shares of the footwear maker's stock worth $160,943,000 after buying an additional 1,106,499 shares during the last quarter. OneDigital Investment Advisors LLC lifted its position in NIKE by 32.8% in the second quarter. OneDigital Investment Advisors LLC now owns 244,296 shares of the footwear maker's stock worth $10,028,000 after buying an additional 60,375 shares during the last quarter. Deutsche Bank AG boosted its stake in NIKE by 8.0% during the second quarter. Deutsche Bank AG now owns 3,566,634 shares of the footwear maker's stock worth $146,410,000 after buying an additional 264,576 shares during the period. Finally, Nomura Asset Management Co. Ltd. boosted its stake in shares of NIKE by 17.2% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 731,159 shares of the footwear maker's stock worth $46,582,000 after purchasing an additional 107,282 shares during the period. Hedge funds and other institutional investors own 64.25% of the company's stock.

Insider Activity

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 value of $204,657.35. Following the completion of the sale, the insider 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Venkatesh Alagirisamy sold 3,671 shares of the business's stock in a transaction on Wednesday, September 9th. The stock was sold at an average price of $37.59, for a total value of $137,992.89. Following the transaction, the chief operating officer owned 104,862 shares in the company, valued at approximately $3,941,762.58. This trade represents a 3.38% 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. Over the last three months, insiders sold 14,974 shares of company stock worth $600,126. 1.10% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have recently commented on NKE. Truist Financial set a $42.00 price target on shares of NIKE and gave the stock a "hold" rating in a report on Wednesday, August 26th. China Renaissance decreased their price objective on NIKE from $50.30 to $47.30 and set a "hold" rating for the company in a report on Thursday, July 2nd. CICC Research lowered their price objective on shares of NIKE from $58.00 to $44.80 and set a "neutral" rating for the company in a research note on Thursday, July 2nd. Sanford C. Bernstein reiterated an "outperform" rating and set a $68.00 target price (down from $72.00) on shares of NIKE in a report on Wednesday, July 29th. Finally, Stifel Nicolaus set a $45.00 target price on shares of NIKE and gave the company a "hold" rating in a research report on Wednesday, July 1st. One research analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating, twenty-one have assigned a Hold rating and six have given a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $49.18.

NIKE Trading Up 0.7%

NKE opened at $37.04 on Tuesday. The firm has a market cap of $54.95 billion, a price-to-earnings ratio of 17.72, a PEG ratio of 1.80 and a beta of 1.10. 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 12 month low of $36.55 and a 12 month high of $76.97. The stock has a fifty day moving average price of $40.92 and a 200-day moving average price of $45.00.

NIKE (NYSE:NKE - Get Free Report) last issued 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 company 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 firm's revenue for the quarter was down 1.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.14 earnings per share. As a group, 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 disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Tuesday, September 1st will be paid a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a dividend yield of 4.4%. The ex-dividend date is Tuesday, September 1st. NIKE's payout ratio is 78.47%.

Trending Headlines about NIKE

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: Some insiders have purchased NIKE shares, while the stock’s approximately 4% dividend yield and depressed valuation could attract contrarian investors. However, insider activity overall remains mixed. Nike Stock Opinions on Long-Term Performance Challenges
• Neutral Sentiment: Investors are looking ahead to NIKE’s earnings report early next month, which could provide an important update on demand trends, China, margins, and progress under the turnaround plan. Should You Buy Nike Stock Before October 1?
• Neutral Sentiment: Despite the recent selloff, some market participants believe extremely negative sentiment could create upside if NIKE delivers better-than-expected results or restores growth. Analysts’ price targets remain widely dispersed, reflecting significant uncertainty.
• Negative Sentiment: Citigroup lowered its price target from $45 to $39 and retained a neutral rating, signaling limited confidence in a rapid recovery despite projected upside from the current level.
• Negative Sentiment: NIKE faces weak consumer demand, ongoing China challenges, and mounting concerns about its turnaround. The stock has fallen more than 75% from its high and is down roughly 40% in 2026, making it one of the Dow’s weakest performers. NKE Stock Slips as Turnaround Struggles Mount
• Negative Sentiment: Institutional positioning has been unfavorable: more funds reduced their holdings than added shares in the latest quarter, while reported large-stake reductions have reinforced selling pressure. Nike Stock Plummets Following Institutional Selloff
• Negative Sentiment: Recent quarterly revenue declined about 1.1% year over year, underscoring the growth problem investors want management to solve. While earnings exceeded expectations, the broader sales trend remains a concern.

NIKE Company Profile

NIKE, Inc is a global athletic footwear, apparel and equipment company headquartered near Beaverton, Oregon. The company designs, develops and markets products under the NIKE, Jordan and Converse brands, serving athletes and consumers across a broad range of sports and lifestyle categories.

NIKE's offerings include athletic and casual footwear, sportswear, apparel, accessories and athletic equipment. The company distributes its products through company-owned retail stores, digital platforms, wholesale partners and independent distributors.

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