First National Bank of Omaha Sells 58,762 Shares of NIKE, Inc. $NKE

Key Points

• First National Bank of Omaha cut its NIKE stake by 55.8% in the second quarter, selling 58,762 shares and retaining 46,614 shares valued at approximately $1.93 million.
• Institutional ownership remains substantial at 64.25%, with several major investors—including Capital World Investors and Jasper Ridge Partners—boosting their positions while other funds made new investments.
• NIKE’s latest earnings and revenue exceeded estimates, but revenue declined 1.1% year over year amid weak China sales and digital performance. Analysts maintain a consensus “Hold” rating with a $53.53 price target, while the company declared a quarterly dividend of $0.41 per share, yielding about 4%.

First National Bank of Omaha lessened its position in NIKE, Inc. (NYSE:NKE - Free Report) by 55.8% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 46,614 shares of the footwear maker's stock after selling 58,762 shares during the quarter. First National Bank of Omaha's holdings in NIKE were worth $1,934,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in NKE. J. Stern & Co. LLP lifted its position in NIKE by 49,010.4% during the fourth quarter. J. Stern & Co. LLP now owns 48,054,542 shares of the footwear maker's stock valued at $3,061,555,000 after buying an additional 47,956,692 shares during the period. Norges Bank bought a new position in shares of NIKE in the 4th quarter worth about $829,956,000. Harris Associates L P bought a new stake in NIKE during the second quarter worth about $621,525,000. Capital World Investors boosted its stake in NIKE by 16.2% during the fourth quarter. Capital World Investors now owns 49,069,951 shares of the footwear maker's stock worth $3,126,246,000 after acquiring an additional 6,830,938 shares in the last quarter. Finally, Jasper Ridge Partners L.P. grew its holdings in NIKE by 2,492.4% in the fourth quarter. Jasper Ridge Partners L.P. now owns 4,883,229 shares of the footwear maker's stock worth $311,111,000 after purchasing an additional 4,694,859 shares during the period. 64.25% of the stock is currently owned by institutional investors.

Key NIKE News

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: Recent quarterly results offered some support: earnings and revenue exceeded consensus estimates, wholesale sales improved—particularly in North America—and gross margin benefited from lower tariff-related costs. Management is also emphasizing product innovation and improved marketplace execution as part of its turnaround plan. Why Nike Stock Is Up
• Positive Sentiment: Some investors view the selloff as an opportunity, citing Nike’s global brand, approximately 4% dividend yield and potential for a 25th consecutive annual dividend increase. Analysts’ median price target is reported near $47.50, implying meaningful upside if the turnaround gains traction. Nike Dividend Article
• Positive Sentiment: Several company insiders have recently purchased shares, including CEO Elliott Hill, while Capital World Investors and JPMorgan increased their institutional holdings. These transactions may signal confidence that valuation and expectations have become more attractive, although institutional positioning remains mixed.
• Neutral Sentiment: Technical analysts see the possibility of a short-term rebound after the steep decline. However, JPMorgan reportedly expects stabilization only by fiscal 2028—not a full recovery—suggesting investors may need to tolerate a prolonged restructuring period. JPMorgan Nike Outlook
• Negative Sentiment: Weak China sales, sluggish Nike Direct performance and declining digital revenue continue to pressure growth. Competition from brands such as On and Lululemon is intensifying, while Nike’s forward valuation remains above the sector median despite falling sales. Nike Performance and Competition
• Negative Sentiment: Nike is reportedly pulling back from its small neighborhood-store concept, highlighting ongoing efforts to reduce complexity and adjust its retail strategy. Analysts and commentators warn the shares could fall below $30 if the turnaround continues to disappoint. Nike Neighborhood Store Strategy

Insiders Place Their Bets

In other news, EVP Philip Mccartney sold 17,398 shares of the company's stock in a transaction on Friday, June 12th. The stock was sold at an average price of $46.18, for a total transaction of $803,439.64. Following the transaction, 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 the SEC website. 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, COO Venkatesh Alagirisamy sold 890 shares of the stock in a transaction on Wednesday, August 5th. The shares were 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 in the company, valued at $3,112,512. This trade represents a 1.18% 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 three months. Company insiders own 1.10% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Sanford C. Bernstein reissued an "outperform" rating and issued a $68.00 price target (down from $72.00) on shares of NIKE in a research report on Wednesday, July 29th. Robert W. Baird reaffirmed an "outperform" rating and set a $70.00 price objective on shares of NIKE in a research report on Wednesday, July 1st. BTIG Research reiterated a "buy" rating and set a $55.00 price objective on shares of NIKE in a research note on Wednesday, July 1st. Berenberg Bank set a $49.00 target price on NIKE and gave the stock a "hold" rating in a report on Friday, July 3rd. Finally, Deutsche Bank Aktiengesellschaft increased their target price on NIKE from $43.00 to $45.00 and gave the stock a "hold" rating in a research note on Friday, July 17th. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, eighteen have assigned a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $53.53.

NIKE Trading Up 2.4%

NYSE:NKE opened at $41.03 on Thursday. The stock has a market cap of $60.88 billion, a price-to-earnings ratio of 19.63, a PEG ratio of 1.78 and a beta of 1.11. 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 company's 50 day moving average price is $42.67 and its 200-day moving average price is $48.14. NIKE, Inc. has a 52 week low of $38.86 and a 52 week high of $80.17.

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 (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.09. The business had revenue of $10.97 billion for the quarter, compared to analysts' expectations of $10.85 billion. NIKE had a return on equity of 16.54% and a net margin of 6.70%.The firm's quarterly revenue was down 1.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.14 EPS. On average, equities research analysts forecast that NIKE, Inc. will post 1.74 earnings per share for the current fiscal year.

NIKE Announces Dividend

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source