Pacer Advisors Inc. Sells 33,772 Shares of NIKE, Inc. $NKE

Key Points

• Pacer Advisors reduced its NIKE stake by 35.7%, selling 33,772 shares and retaining 60,787 shares valued at approximately $3.21 million. Institutional investors collectively own 64.25% of NKE.
• NIKE shares opened at $41.91, near their 52-week low of $40.00, while analyst sentiment remains mixed: the consensus rating is Hold with a $53.53 target price.
• NIKE exceeded quarterly earnings expectations with $0.20 EPS versus $0.11 forecast, but revenue fell 1.1% year over year to $10.97 billion, underscoring ongoing turnaround and growth concerns.

Pacer Advisors Inc. decreased its stake in shares of NIKE, Inc. (NYSE:NKE - Free Report) by 35.7% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 60,787 shares of the footwear maker's stock after selling 33,772 shares during the period. Pacer Advisors Inc.'s holdings in NIKE were worth $3,211,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Brighton Jones LLC grew its holdings in NIKE by 388.5% in the 4th quarter. Brighton Jones LLC now owns 202,411 shares of the footwear maker's stock valued at $15,316,000 after buying an additional 160,980 shares during the last quarter. Caxton Associates LLP acquired a new position in shares of NIKE during the first quarter worth approximately $311,000. United Bank boosted its position in shares of NIKE by 11.3% in the second quarter. United Bank now owns 17,067 shares of the footwear maker's stock valued at $1,212,000 after acquiring an additional 1,736 shares during the period. NewEdge Advisors LLC boosted its position in shares of NIKE by 0.3% in the second quarter. NewEdge Advisors LLC now owns 64,161 shares of the footwear maker's stock valued at $4,558,000 after acquiring an additional 197 shares during the period. Finally, CIBC Asset Management Inc boosted its position in shares of NIKE by 6.5% in the second quarter. CIBC Asset Management Inc now owns 191,268 shares of the footwear maker's stock valued at $13,588,000 after acquiring an additional 11,646 shares during the period. 64.25% of the stock is owned by institutional investors.

Key NIKE News

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 payout supports the stock’s income appeal and signals continued confidence in the company’s cash-generation capacity. NIKE Declares Quarterly Dividend
• Positive Sentiment: NIKE is emphasizing performance products, innovation, athlete engagement and sport-focused execution as long-term growth drivers. The strategy could improve product momentum and brand relevance if it translates into stronger demand. NIKE Bets on Performance Products
• Neutral Sentiment: The stock recently posted a 2.22% one-day gain despite a weaker broader market, but that move has not changed the larger picture: shares have fallen sharply in 2026 and are trading close to their 52-week low. NIKE Recent Trading Performance
• Negative Sentiment: JPMorgan cut NIKE to Sell and separately reiterated an Underweight rating, arguing that the turnaround may take longer than expected. The downgrade increases pressure on the shares and highlights concerns about near-term earnings and revenue recovery. JPMorgan Cuts NIKE to Sell
• Negative Sentiment: Investors are reassessing NIKE’s China reset and planned U.S. store closures, which could weigh on revenue, earnings and operating costs before benefits from restructuring emerge. Analysts also contend the stock still appears expensive relative to fair value despite its substantial decline. NIKE China Reset and Store Closures
• Negative Sentiment: NIKE’s underperformance versus the S&P 500 is described as the widest in roughly 25 years, reflecting persistent strategic missteps, limited product innovation and China-related challenges. This reinforces the view that a meaningful recovery will require sustained execution. NIKE Long-Term Underperformance

Wall Street Analysts Forecast Growth

NKE has been the topic of a number of research reports. Stifel Nicolaus set a $45.00 target price on shares of NIKE and gave the stock a "hold" rating in a research report on Wednesday, July 1st. BNP Paribas Exane reissued an "underperform" rating on shares of NIKE in a report on Wednesday, July 22nd. Rothschild & Co Redburn decreased their price target on shares of NIKE from $45.00 to $37.00 and set a "sell" rating on the stock in a research report on Friday, July 17th. Oppenheimer dropped their price objective on shares of NIKE from $120.00 to $60.00 and set an "outperform" rating on the stock in a report on Friday, June 26th. Finally, DZ Bank restated a "buy" rating on shares of NIKE in a report on Tuesday, June 30th. One research 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 given a Sell rating to the company. According to MarketBeat, NIKE has a consensus rating of "Hold" and a consensus target price of $53.53.

Insiders Place Their Bets

In related news, EVP Philip Mccartney sold 17,398 shares of the business'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 completion of the transaction, the executive vice president owned 53,133 shares in the company, valued at $2,453,681.94. The trade was a 24.67% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at 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. 1.10% of the stock is owned by company insiders.

NIKE Trading Down 1.3%

NKE stock opened at $41.91 on Friday. NIKE, Inc. has a 1-year low of $40.00 and a 1-year high of $80.17. 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 business's 50 day moving average is $43.28 and its 200-day moving average is $49.61. The firm has a market cap of $62.18 billion, a P/E ratio of 20.05, a P/E/G ratio of 1.88 and a beta of 1.11.

NIKE (NYSE:NKE - Get Free Report) last posted its 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. NIKE had a net margin of 6.70% and a return on equity of 16.54%. The business had revenue of $10.97 billion for the quarter, compared to analyst estimates of $10.85 billion. During the same quarter in the prior year, the firm earned $0.14 EPS. The firm's quarterly revenue was down 1.1% compared to the same quarter last year. Equities analysts anticipate that NIKE, Inc. will post 1.74 earnings per share for the current fiscal year.

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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