NIKE, Inc. $NKE Shares Purchased by Assenagon Asset Management S.A.

Key Points

• Assenagon Asset Management increased its NIKE stake by 140.5% in the second quarter, adding 1.46 million shares to own approximately 2.49 million shares valued at $102.25 million. Institutional investors collectively hold 64.25% of NIKE’s stock.
• NIKE beat quarterly earnings expectations with EPS of $0.20 versus the $0.11 consensus and revenue of $10.97 billion, although revenue declined 1.1% year over year. The stock was trading near its 12-month low at $41.66.
• NIKE declared a quarterly dividend of $0.41 per share, equivalent to a 3.9% annualized yield, while analysts maintained a consensus “Hold” rating with an average price target of $53.53 amid concerns about the company’s turnaround and weak demand.

Assenagon Asset Management S.A. increased its holdings in shares of NIKE, Inc. (NYSE:NKE - Free Report) by 140.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,490,874 shares of the footwear maker's stock after acquiring an additional 1,455,045 shares during the period. Assenagon Asset Management S.A. owned approximately 0.17% of NIKE worth $102,250,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. Westerkirk Capital Inc. lifted its position in NIKE by 52.4% during the fourth quarter. Westerkirk Capital Inc. now owns 131,220 shares of the footwear maker's stock worth $8,360,000 after buying an additional 45,100 shares during the period. OMERS ADMINISTRATION Corp grew its holdings in NIKE by 77.9% in the 4th quarter. OMERS ADMINISTRATION Corp now owns 2,526,179 shares of the footwear maker's stock valued at $160,943,000 after buying an additional 1,106,499 shares during the period. PFA Pension Forsikringsaktieselskab acquired a new position in shares of NIKE during the 4th quarter valued at about $43,188,000. Nicholas Company Inc. increased its stake in shares of NIKE by 33.3% during the 4th quarter. Nicholas Company Inc. now owns 123,652 shares of the footwear maker's stock valued at $7,878,000 after acquiring an additional 30,890 shares during the last quarter. Finally, Stoneridge Investment Partners LLC lifted its holdings in shares of NIKE by 1,253.6% during the 4th quarter. Stoneridge Investment Partners LLC now owns 78,846 shares of the footwear maker's stock worth $5,023,000 after acquiring an additional 73,021 shares during the period. Hedge funds and other institutional investors own 64.25% of the company's stock.

NIKE Stock Performance

NKE stock opened at $41.66 on Friday. The stock's 50 day simple moving average is $43.18 and its 200 day simple moving average is $49.55. NIKE, Inc. has a 12-month low of $40.00 and a 12-month high of $80.17. The firm has a market cap of $61.81 billion, a P/E ratio of 19.94, a P/E/G ratio of 1.86 and a beta of 1.11. 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 (NYSE:NKE - Get Free Report) last posted its quarterly earnings results on Tuesday, June 30th. The footwear maker reported $0.20 earnings per share (EPS) for the quarter, topping 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 net margin of 6.70% and a return on equity of 16.54%. The company's revenue for the quarter was down 1.1% on a year-over-year basis. During the same period last year, the firm posted $0.14 EPS. As a group, equities research analysts predict that NIKE, Inc. will post 1.74 EPS for the current year.

NIKE Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Tuesday, September 1st will be issued a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend is Tuesday, September 1st. NIKE's dividend payout ratio is 78.47%.

Analysts Set New Price Targets

NKE has been the topic of a number of research analyst reports. The Goldman Sachs Group decreased their price target on shares of NIKE from $46.00 to $42.00 and set a "neutral" rating on the stock in a report on Wednesday, July 1st. Evercore set a $46.00 price objective on NIKE and gave the stock an "in-line" rating in a report on Tuesday, June 23rd. BTIG Research reaffirmed a "buy" rating and issued a $55.00 target price on shares of NIKE in a research report on Wednesday, July 1st. Jefferies Financial Group reduced their target price on NIKE from $90.00 to $75.00 and set a "buy" rating on the stock in a report on Wednesday, July 1st. Finally, Robert W. Baird reissued an "outperform" rating and set a $70.00 price target on shares of NIKE in a research report on Wednesday, July 1st. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, eighteen have assigned a Hold rating and five have issued a Sell rating to the company's stock. According to MarketBeat, NIKE has a consensus rating of "Hold" and an average target price of $53.53.

Trending Headlines about NIKE

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: NIKE declared a quarterly dividend of $0.41 per share, payable October 1 to shareholders of record September 1. The annualized payout of $1.64 represents an approximately 3.9% yield and provides continued income support for investors. NIKE Declares $0.41 Quarterly Dividend
• Positive Sentiment: NIKE is emphasizing performance products, innovation, athlete engagement and sport-focused execution as part of its effort to restore longer-term growth. The strategy could help offset near-term demand weakness if product momentum improves. NIKE Bets on Performance Products
• Neutral Sentiment: Brokerages collectively maintain a “Hold” recommendation, suggesting analysts see limited near-term catalysts but that the stock’s depressed valuation may already reflect some of the company’s difficulties. Consensus Hold Recommendation
• Negative Sentiment: JPMorgan lowered its stance to “Sell” and reiterated an underweight view, citing a longer-than-expected turnaround. The downgrade adds pressure to the stock and signals concerns about weak demand and delayed earnings recovery. JPMorgan Cuts Nike to Sell
• Negative Sentiment: Investors continue to focus on NIKE’s China reset and planned U.S. store closures, which could weigh on near-term revenue, earnings and operating margins. Analysts have also questioned whether the shares remain expensive relative to fair value despite substantial declines during 2026. NIKE China Reset and Store Closures
• Negative Sentiment: NIKE’s CFO, COO and an executive vice president each sold shares at $41.60. Because all three transactions were executed under pre-arranged Rule 10b5-1 plans and represented relatively small reductions in ownership, the sales are a modest negative signal rather than evidence of discretionary insider selling. NIKE Insider Sale Filing

Insider Activity at NIKE

In other NIKE news, 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 transaction of $102,460.80. Following the sale, the chief financial officer owned 82,165 shares of the company's stock, valued at $3,418,064. The trade was a 2.91% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Venkatesh Alagirisamy sold 890 shares of NIKE 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. The trade was a 1.18% decrease in their position. 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 a total of 21,275 shares of company stock worth $964,723 in the last three months. 1.10% of the stock is owned by company insiders.

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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