Greenleaf Trust Has $5.92 Million Stake in NIKE, Inc. $NKE

Greenleaf Trust raised its stake in shares of NIKE, Inc. (NYSE:NKE) by 12.7% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 144,139 shares of the footwear maker’s stock after purchasing an additional 16,226 shares during the quarter. Greenleaf Trust’s holdings in NIKE were worth $5,917,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in NKE. Cornerstone Financial Management LLC bought a new position in NIKE during the fourth quarter valued at about $26,000. Sankala Group LLC bought a new stake in shares of NIKE in the 4th quarter worth approximately $26,000. J.Safra Asset Management Corp bought a new stake in shares of NIKE in the 4th quarter worth approximately $29,000. Kemnay Advisory Services Inc. acquired a new stake in shares of NIKE during the 4th quarter worth approximately $30,000. Finally, Scarborough Advisors LLC acquired a new stake in shares of NIKE during the 1st quarter worth approximately $25,000. Institutional investors and hedge funds own 64.25% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Argus upgraded NIKE to a “strong-buy” rating in a research report on Wednesday, July 15th. Oppenheimer reduced their target price on NIKE from $120.00 to $60.00 and set an “outperform” rating for the company in a research report on Friday, June 26th. Stifel Nicolaus set a $45.00 price target on shares of NIKE and gave the stock a “hold” rating in a research note on Wednesday, July 1st. Sanford C. Bernstein reissued an “outperform” rating and issued a $68.00 price target (down from $72.00) on shares of NIKE in a report on Wednesday, July 29th. Finally, Citigroup restated a “neutral” rating on shares of NIKE in a research note on Wednesday, July 22nd. One analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, twenty have assigned a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat, NIKE has a consensus rating of “Hold” and an average target price of $52.94.

Key Headlines Impacting NIKE

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: Traders purchased 182,729 NKE call options, 59% above typical daily call volume. The activity may reflect increased bullish speculation, although options positioning does not guarantee sustained buying in the shares.
• Positive Sentiment: Grupo SBF extended its exclusive Nike distribution agreement in Brazil through 2034. The longer arrangement provides continued access to an important Latin American market and supports Nike’s regional distribution network. Grupo SBF Extends Exclusive Nike Distribution Deal in Brazil to 2034
• Neutral Sentiment: NIKE said it will release fiscal first-quarter 2027 results on October 1 after the market close, followed by a management conference call. Investors will look for evidence that the company’s turnaround is improving sales, inventory levels and margins. NIKE Announces First Quarter Fiscal 2027 Earnings and Conference Call
• Neutral Sentiment: NIKE appointed Walmart veteran Jane Ewing as chief commercial officer to help lead its comeback. The hire could strengthen execution and retail strategy, but investors are likely to want measurable results before assigning significant value to the turnaround. Nike Taps Walmart Veteran to Help Drive Comeback
• Negative Sentiment: Reports say Nike’s China business continues to shrink as domestic competitors gain market share and the brand struggles to remain locally relevant. China weakness threatens a key source of long-term growth. Why America’s Biggest Brands Keep Losing in China
• Negative Sentiment: Analysts and market commentary continue to cite soft consumer confidence, weaker traffic, excess legacy inventory and doubts about product innovation. These concerns reinforce expectations for a prolonged recovery and have contributed to reduced price targets and bearish sentiment.

NIKE Trading Up 2.9%

Shares of NKE opened at $39.57 on Friday. NIKE, Inc. has a 1 year low of $38.17 and a 1 year high of $79.13. 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 50 day simple moving average of $41.91 and a 200-day simple moving average of $47.11. The stock has a market cap of $58.70 billion, a PE ratio of 18.93, a PEG ratio of 1.76 and a beta of 1.11.

NIKE (NYSE:NKE) last posted its earnings results on Tuesday, June 30th. The footwear maker reported $0.20 EPS for the quarter, topping the consensus estimate of $0.11 by $0.09. The business had revenue of $10.97 billion during 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 last year, the company earned $0.14 EPS. On average, sell-side analysts predict that NIKE, Inc. will post 1.74 EPS for the current fiscal year.

NIKE Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 1st will be issued a dividend of $0.41 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $1.64 dividend on an annualized basis and a dividend yield of 4.1%. NIKE’s dividend payout ratio (DPR) is presently 78.47%.

Insider Buying and Selling

In other news, CFO Matthew Friend sold 2,463 shares of the business’s stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $41.60, for a total value of $102,460.80. Following the sale, the chief financial officer owned 82,165 shares in the company, valued at approximately $3,418,064. The trade was a 2.91% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Philip Mccartney sold 17,398 shares of the company’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $46.18, for a total transaction of $803,439.64. Following the completion of the sale, the executive vice president directly owned 53,133 shares in the company, valued at approximately $2,453,681.94. The trade was a 24.67% decrease in their position. The disclosure for this sale is available in the SEC filing. 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 sold a total of 26,142 shares of company stock valued at $1,169,380 in the last ninety days. Insiders own 1.10% of the company’s stock.

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).