NIKE, Inc. $NKE Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. lessened its stake in NIKE, Inc. (NYSE:NKE) by 10.5% during the 1st quarter, HoldingsChannel reports. The firm owned 988,283 shares of the footwear maker’s stock after selling 115,352 shares during the quarter. PNC Financial Services Group Inc.’s holdings in NIKE were worth $52,201,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in NKE. Cornerstone Financial Management LLC acquired a new stake in NIKE during the fourth quarter valued at $26,000. Sankala Group LLC acquired a new stake in shares of NIKE during the 4th quarter valued at about $26,000. J.Safra Asset Management Corp purchased a new position in shares of NIKE in the 4th quarter valued at about $29,000. Kemnay Advisory Services Inc. acquired a new position in NIKE in the 4th quarter worth about $30,000. Finally, Scarborough Advisors LLC purchased a new position in NIKE during the first quarter worth approximately $25,000. 64.25% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Williams Trading reduced their target price on NIKE from $80.00 to $57.00 and set a “buy” rating for the company in a research note on Wednesday, April 1st. BTIG Research reaffirmed a “buy” rating and set a $55.00 price objective on shares of NIKE in a report on Wednesday, July 1st. Truist Financial cut their target price on shares of NIKE from $69.00 to $57.00 and set a “buy” rating for the company in a research note on Wednesday, April 1st. Piper Sandler decreased their price target on shares of NIKE from $50.00 to $45.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 1st. Finally, Oppenheimer cut their price objective on NIKE from $120.00 to $60.00 and set an “outperform” rating for the company in a research note on Friday, June 26th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, nineteen have issued a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $53.86.

NIKE Trading Down 2.9%

Shares of NIKE stock opened at $40.99 on Friday. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.96 and a quick ratio of 1.36. The stock’s 50 day simple moving average is $43.68 and its 200-day simple moving average is $51.21. The stock has a market cap of $60.70 billion, a P/E ratio of 19.61, a P/E/G ratio of 1.87 and a beta of 1.12. NIKE, Inc. has a 1-year low of $40.00 and a 1-year high of $80.17.

NIKE (NYSE:NKE) last announced its quarterly earnings data on Tuesday, June 30th. The footwear maker reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.09. The firm 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%.The firm’s revenue was down 1.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.14 earnings per share. Analysts predict that NIKE, Inc. will post 1.74 EPS for the current fiscal year.

NIKE Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 1st. Investors of record on Monday, June 1st were issued a $0.41 dividend. The ex-dividend date of this dividend was Monday, June 1st. This represents a $1.64 dividend on an annualized basis and a dividend yield of 4.0%. NIKE’s dividend payout ratio is currently 78.47%.

NIKE News Roundup

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: NIKE said it made “significant progress” in fiscal 2026 and is pursuing a broad operational transformation to strengthen long-term growth and profitability, which could support a turnaround over time. Nike CEO outlines transformation strategy after operational reset in fiscal 2026 (NYSE:NKE)
• Positive Sentiment: Several analysts lifted longer-term earnings estimates, suggesting some confidence that Nike can eventually rebuild profitability after its reset. NIKE price and analyst updates
• Neutral Sentiment: Commentary around Nike trading at a low valuation versus prior peak earnings is helping the bull case, but it does not change the near-term operating challenges. Nike Stock for the Next 10 Years: Buy, Hold, or Avoid?
• Negative Sentiment: Nike’s China online distribution overhaul has drawn skepticism because it could pressure sales trends and risk additional market-share losses in a key region. After tackling discounts in China, Nike still needs to win back shoppers
• Negative Sentiment: Multiple Zacks Research notes cut near- and medium-term EPS estimates and kept a “Strong Sell” rating, reinforcing concerns that earnings recovery may take longer than expected. NIKE analyst estimate revisions

Insider Transactions at NIKE

In other NIKE news, EVP Philip Mccartney sold 17,398 shares of NIKE stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $46.18, for a total transaction of $803,439.64. Following the transaction, the executive vice president directly owned 53,133 shares of the company’s stock, valued at $2,453,681.94. The trade was a 24.67% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through 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. Insiders own 1.10% of the company’s stock.

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).