Matthew Friend Sells 2,463 Shares of NIKE (NYSE:NKE) Stock

Key Points

• NIKE CFO Matthew Friend sold 2,463 shares at an average price of $41.60, totaling $102,460.80. The sale was made under a pre-arranged Rule 10b5-1 plan, leaving him with 82,165 shares.
• NIKE reported quarterly earnings of $0.20 per share, beating estimates of $0.11, while revenue reached $10.97 billion. However, revenue declined 1.1% year over year, reflecting ongoing business weakness.
• Analysts maintain a consensus “Hold” rating after several price-target cuts, with an average target of $53.53. NIKE also declared a quarterly dividend of $0.41 per share, implying an annualized yield of approximately 3.9%.

NIKE, Inc. (NYSE:NKE - Get Free Report) CFO Matthew Friend sold 2,463 shares of the 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 sale, the chief financial officer directly owned 82,165 shares of the company's stock, valued at $3,418,064. This represents a 2.91% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

NIKE Stock Performance

NYSE NKE traded down $0.34 on Friday, reaching $41.66. 19,592,702 shares of the stock were exchanged, compared to its average volume of 20,959,270. 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 one year low of $40.00 and a one year high of $80.17. The firm has a market capitalization of $61.81 billion, a PE ratio of 19.94, a PEG ratio of 1.88 and a beta of 1.11. The company's 50-day simple moving average is $43.28 and its two-hundred day simple moving average is $49.61.

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 for the quarter, topping analysts' consensus estimates of $0.11 by $0.09. The business had revenue of $10.97 billion during the quarter, compared to analyst estimates of $10.85 billion. NIKE had a net margin of 6.70% and a return on equity of 16.54%. The company's revenue was down 1.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.14 earnings per share. Analysts expect that NIKE, Inc. will post 1.74 EPS for the current fiscal year.

NIKE Dividend Announcement

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

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in NKE. J. Stern & Co. LLP lifted its stake in shares of NIKE by 49,010.4% in the 4th quarter. J. Stern & Co. LLP now owns 48,054,542 shares of the footwear maker's stock valued at $3,061,555,000 after purchasing an additional 47,956,692 shares during the last quarter. Norges Bank purchased a new position in shares of NIKE in the 4th quarter worth approximately $829,956,000. Harris Associates L P bought a new position in shares of NIKE during the 2nd quarter valued at approximately $621,525,000. Capital World Investors increased its position in shares of NIKE by 16.2% during the 4th quarter. Capital World Investors now owns 49,069,951 shares of the footwear maker's stock valued at $3,126,246,000 after purchasing an additional 6,830,938 shares during the last quarter. Finally, Jasper Ridge Partners L.P. raised its holdings in NIKE by 2,492.4% during the 4th quarter. Jasper Ridge Partners L.P. now owns 4,883,229 shares of the footwear maker's stock valued at $311,111,000 after buying an additional 4,694,859 shares during the period. Institutional investors own 64.25% of the company's stock.

Analysts Set New Price Targets

A number of brokerages recently weighed in on NKE. Piper Sandler dropped their target price on shares of NIKE from $50.00 to $45.00 and set a "neutral" rating for the company in a research report on Wednesday, July 1st. Bank of America decreased their price target on shares of NIKE from $55.00 to $47.00 and set a "neutral" rating on the stock in a research note on Wednesday, July 1st. Stifel Nicolaus set a $45.00 price objective on shares of NIKE and gave the company a "hold" rating in a report on Wednesday, July 1st. DZ Bank reaffirmed a "buy" rating on shares of NIKE in a report on Tuesday, June 30th. Finally, Wall Street Zen upgraded NIKE from a "sell" rating to a "hold" rating in a research report on Saturday, May 16th. 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 company. According to MarketBeat, the company currently 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

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).

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