NIKE, Inc. $NKE Shares Sold by Jacobs & Co. CA

Key Points

• Jacobs & Co. CA reduced its NIKE position by 23.3% in the second quarter, selling 39,349 shares and retaining 129,614 shares valued at approximately $5.32 million. Institutional investors and hedge funds collectively own 64.25% of NKE.
• NIKE reported quarterly earnings of $0.20 per share, beating estimates of $0.11, while revenue reached $10.97 billion but declined 1.1% year over year. The stock traded near $41.66, close to its 12-month low, and analysts maintained a consensus “Hold” rating with a $53.53 target price.
• The company declared a quarterly dividend of $0.41 per share, implying an annualized yield of about 3.9%. Insiders sold shares under pre-arranged Rule 10b5-1 plans, including executive sales totaling $964,723 over the past 90 days.

Jacobs & Co. CA trimmed its holdings in NIKE, Inc. (NYSE:NKE - Free Report) by 23.3% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 129,614 shares of the footwear maker's stock after selling 39,349 shares during the quarter. Jacobs & Co. CA's holdings in NIKE were worth $5,320,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in NKE. Westerkirk Capital Inc. boosted its holdings in NIKE by 52.4% in the 4th quarter. Westerkirk Capital Inc. now owns 131,220 shares of the footwear maker's stock valued at $8,360,000 after purchasing an additional 45,100 shares during the last quarter. OMERS ADMINISTRATION Corp increased its holdings in shares of NIKE by 77.9% during the 4th 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. PFA Pension Forsikringsaktieselskab acquired a new stake in shares of NIKE during the 4th quarter worth approximately $43,188,000. Nicholas Company Inc. raised its position 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 buying an additional 30,890 shares during the period. Finally, Stoneridge Investment Partners LLC raised its position 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 valued at $5,023,000 after buying an additional 73,021 shares during the period. 64.25% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at NIKE

In related news, EVP Philip Mccartney sold 17,398 shares of the firm's stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $46.18, for a total value of $803,439.64. Following the sale, the executive vice president owned 53,133 shares of the company's stock, valued at $2,453,681.94. This trade represents a 24.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, 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, CFO Matthew Friend sold 2,463 shares of NIKE stock in a transaction that occurred 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 completion of the transaction, the chief financial officer owned 82,165 shares of the company's stock, valued at $3,418,064. This represents a 2.91% decrease in their position. 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. Insiders have sold a total of 21,275 shares of company stock valued at $964,723 over the last 90 days. 1.10% of the stock is owned by corporate insiders.

NIKE Trading Down 0.8%

NYSE:NKE opened at $41.66 on Friday. 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 PE ratio of 19.94, a price-to-earnings-growth ratio of 1.85 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. The stock has a fifty day moving average price of $43.18 and a 200 day moving average price of $49.55.

NIKE (NYSE:NKE - Get Free Report) last issued its quarterly earnings results on Tuesday, June 30th. The footwear maker reported $0.20 earnings per share for the quarter, topping the consensus estimate 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%.NIKE's revenue was down 1.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.14 EPS. Sell-side analysts anticipate that NIKE, Inc. will post 1.74 earnings per share for the current fiscal year.

NIKE Dividend Announcement

The company also recently announced 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 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date is Tuesday, September 1st. NIKE's dividend payout ratio is presently 78.47%.

Wall Street Analyst Weigh In

NKE has been the subject of several analyst reports. Berenberg Bank set a $49.00 price objective on NIKE and gave the stock a "hold" rating in a research report on Friday, July 3rd. Evercore set a $46.00 target price on NIKE and gave the company an "in-line" rating in a research report on Tuesday, June 23rd. Barclays decreased their price target on NIKE from $67.00 to $52.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 1st. Argus upgraded NIKE to a "strong-buy" rating in a report on Wednesday, July 15th. Finally, BTIG Research reissued a "buy" rating and set a $55.00 price objective on shares of NIKE in a research report on Wednesday, July 1st. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, eighteen have assigned a Hold rating and five have issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $53.53.

Key Stories Impacting 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

NIKE 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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