HS Management Partners LLC Sells 144,025 Shares of NIKE, Inc. $NKE

HS Management Partners LLC decreased its holdings in shares of NIKE, Inc. (NYSE:NKE) by 63.8% during the second quarter, according to its most recent filing with the SEC. The firm owned 81,572 shares of the footwear maker’s stock after selling 144,025 shares during the period. NIKE accounts for about 1.2% of HS Management Partners LLC’s portfolio, making the stock its 24th largest position. HS Management Partners LLC’s holdings in NIKE were worth $3,349,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the business. Scarborough Advisors LLC purchased a new position in NIKE during the first quarter valued at approximately $25,000. Cornerstone Financial Management LLC purchased a new stake in NIKE during the fourth quarter worth $26,000. Sankala Group LLC purchased a new stake in NIKE during the fourth quarter worth $26,000. Meeder Asset Management Inc. boosted its position in NIKE by 108.4% during the 1st quarter. Meeder Asset Management Inc. now owns 548 shares of the footwear maker’s stock valued at $29,000 after acquiring an additional 285 shares in the last quarter. Finally, J.Safra Asset Management Corp bought a new stake in NIKE during the 4th quarter valued at $29,000. Institutional investors own 64.25% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on NKE. DZ Bank reissued a “buy” rating on shares of NIKE in a research report on Tuesday, June 30th. Weiss Ratings upgraded NIKE from a “sell (d)” rating to a “sell (d+)” rating in a research note on Friday, July 17th. Bank of America decreased their price target on shares of NIKE from $55.00 to $47.00 and set a “neutral” rating for the company in a research report on Wednesday, July 1st. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $40.00 price objective (down from $47.00) on shares of NIKE in a research report on Tuesday, August 4th. Finally, Robert W. Baird reiterated an “outperform” rating and set a $70.00 price objective on shares of NIKE in a research note on Wednesday, July 1st. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, eighteen have given a Hold rating and five have given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $53.53.

NIKE Stock Performance

Shares of NYSE NKE opened at $40.06 on Wednesday. The company has a 50 day simple moving average of $42.73 and a two-hundred day simple moving average of $48.29. The stock has a market cap of $59.43 billion, a price-to-earnings ratio of 19.17, a PEG ratio of 1.81 and a beta of 1.11. 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 12 month low of $38.86 and a 12 month high of $80.17.

NIKE (NYSE:NKE) last issued its earnings results on Tuesday, June 30th. The footwear maker reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.09. The firm had revenue of $10.97 billion during the quarter, compared to analysts’ expectations of $10.85 billion. NIKE had a net margin of 6.70% and a return on equity of 16.54%. The firm’s revenue was down 1.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.14 earnings per share. As a group, analysts predict that NIKE, Inc. will post 1.74 earnings per share for the current year.

NIKE Dividend Announcement

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

Key Headlines Impacting NIKE

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: Recent results showed improving wholesale demand, particularly in North America, alongside a sharp improvement in gross margin and better-than-expected earnings. Management’s focus on product innovation and marketplace execution is giving some investors hope that the reset under CEO Elliott Hill can eventually restore growth. Why Nike Stock Is Up Today
• Positive Sentiment: Valuation and income appeal are attracting contrarian investors. The stock offers a dividend yield near 4%, and NIKE could potentially extend its dividend-growth streak for a 25th consecutive year in 2026. Several company insiders have also purchased shares recently. Nike Stock Dividend Outlook
• Neutral Sentiment: Analyst targets imply substantial potential upside, with reports citing an average target around $50.66 and a median six-month target of $47.50. However, targets vary widely, underscoring the uncertainty surrounding the turnaround. Nike Price Target Outlook
• Negative Sentiment: Investors remain concerned that the turnaround is taking too long. NIKE has lost roughly 78% from its 2021 peak and more than $200 billion in market value, while weak direct-to-consumer demand, international pressure and a reported decline in China sales continue to weigh on sentiment. Nike Stock Hits Lowest Level Since 2014
• Negative Sentiment: A recent analyst downgrade and weak digital sales have reinforced fears that product and distribution problems will persist. Technical analysts also describe the stock’s trend as severely damaged, limiting confidence that the current rebound represents a durable bottom. What Is Dragging Nike Down?

Insider Buying and Selling

In related news, EVP Philip Mccartney sold 17,398 shares of NIKE stock in a transaction that occurred on 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 transaction, the executive vice president directly owned 53,133 shares in the company, valued at approximately $2,453,681.94. This trade represents a 24.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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. Also, insider Amy Montagne sold 4,867 shares of the business’s stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $42.05, for a total value of $204,657.35. Following the completion of the transaction, the insider directly owned 57,436 shares of the company’s stock, valued at $2,415,183.80. The trade was a 7.81% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 26,142 shares of company stock valued at $1,169,380 in the last three months. 1.10% of the stock is currently owned by insiders.

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).