Venkatesh Alagirisamy Sells 890 Shares of NIKE (NYSE:NKE) Stock

Key Points

• NIKE COO Venkatesh Alagirisamy sold 890 shares at $41.60 each, worth $37,024, reducing his direct ownership by 1.18%. The transaction was executed under a pre-arranged Rule 10b5-1 plan.
• NIKE shares traded near $41.66, close to their 52-week low of $40.00. The company recently beat quarterly earnings and revenue estimates, although revenue declined 1.1% year over year.
• NIKE declared a quarterly dividend of $0.41 per share, representing a 3.9% annualized yield. Analysts maintain a consensus “Hold” rating, with concerns about the China reset, store closures and a prolonged turnaround.

NIKE, Inc. (NYSE:NKE - Get Free Report) COO Venkatesh Alagirisamy sold 890 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the chief operating officer directly owned 74,820 shares of the company's stock, valued at approximately $3,112,512. The trade was a 1.18% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

NIKE Stock Performance

Shares of NKE stock traded down $0.34 during midday trading on Friday, hitting $41.66. 19,592,702 shares of the company were exchanged, compared to its average volume of 20,959,270. NIKE, Inc. has a 52 week low of $40.00 and a 52 week high of $80.17. The firm has a market capitalization of $61.81 billion, a P/E ratio of 19.94, a PEG ratio of 1.88 and a beta of 1.11. The firm's 50 day moving average price is $43.28 and its two-hundred day moving average price is $49.61. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.36 and a current ratio of 1.96.

NIKE (NYSE:NKE - Get Free Report) last announced its 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 company had revenue of $10.97 billion for the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same quarter last year, the company earned $0.14 earnings per share. As a group, equities research analysts anticipate that NIKE, Inc. will post 1.74 earnings per share for the current year.

NIKE Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 1st will be given a dividend of $0.41 per share. The ex-dividend date is Tuesday, September 1st. This represents a $1.64 annualized dividend and a yield of 3.9%. NIKE's dividend payout ratio (DPR) is presently 78.47%.

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 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

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of NKE. Main Street Financial Solutions LLC increased its stake in NIKE by 4.2% in the 2nd quarter. Main Street Financial Solutions LLC now owns 3,441 shares of the footwear maker's stock valued at $244,000 after buying an additional 139 shares during the last quarter. Diligent Investors LLC increased its position in shares of NIKE by 4.3% during the fourth quarter. Diligent Investors LLC now owns 3,719 shares of the footwear maker's stock valued at $237,000 after acquiring an additional 153 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in NIKE by 4.3% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 3,978 shares of the footwear maker's stock worth $253,000 after acquiring an additional 163 shares during the period. ANB Bank lifted its holdings in NIKE by 0.7% during the fourth quarter. ANB Bank now owns 25,451 shares of the footwear maker's stock worth $1,621,000 after acquiring an additional 165 shares during the period. Finally, Cornerstone Wealth Management LLC boosted its position in NIKE by 4.4% in the fourth quarter. Cornerstone Wealth Management LLC now owns 3,970 shares of the footwear maker's stock worth $253,000 after purchasing an additional 169 shares during the last quarter. Institutional investors own 64.25% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently commented on NKE shares. DZ Bank restated a "buy" rating on shares of NIKE in a research note on Tuesday, June 30th. Wells Fargo & Company dropped their price objective on shares of NIKE from $45.00 to $40.00 and set an "equal weight" rating for the company in a research note on Wednesday, July 1st. CICC Research cut their price objective on shares of NIKE from $58.00 to $44.80 and set a "neutral" rating for the company in a report on Thursday, July 2nd. UBS Group set a $48.00 target price on shares of NIKE and gave the stock a "neutral" rating in a research report on Wednesday, July 1st. Finally, BTIG Research reaffirmed a "buy" rating and set a $55.00 target price on shares of NIKE in a report on Wednesday, July 1st. One equities 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 assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $53.53.

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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