NIKE, Inc. $NKE Holdings Cut by Fortis Group Advisors LLC

Posted by John Perry on May 22nd, 2026

Fortis Group Advisors LLC lowered its holdings in NIKE, Inc. (NYSE:NKE – Free Report) by 99.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 470 shares of the footwear maker’s stock after selling 59,459 shares during the period. Fortis Group Advisors LLC’s holdings in NIKE were worth $30,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of NKE. Harris Associates L P bought a new position in NIKE in the second quarter worth about $621,525,000. Jennison Associates LLC lifted its holdings in NIKE by 42.3% in the third quarter. Jennison Associates LLC now owns 11,838,528 shares of the footwear maker’s stock worth $825,501,000 after acquiring an additional 3,518,666 shares during the last quarter. Ameriprise Financial Inc. lifted its holdings in NIKE by 129.4% in the second quarter. Ameriprise Financial Inc. now owns 5,849,636 shares of the footwear maker’s stock worth $411,951,000 after acquiring an additional 3,299,155 shares during the last quarter. Flossbach Von Storch SE lifted its holdings in NIKE by 29.3% in the fourth quarter. Flossbach Von Storch SE now owns 12,753,317 shares of the footwear maker’s stock worth $812,514,000 after acquiring an additional 2,886,856 shares during the last quarter. Finally, Sustainable Growth Advisers LP bought a new position in NIKE in the third quarter worth about $190,182,000. Institutional investors own 64.25% of the company’s stock.

NIKE Price Performance

NYSE NKE opened at $44.40 on Friday. NIKE, Inc. has a 12 month low of $41.35 and a 12 month high of $80.17. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.14 and a quick ratio of 1.45. The firm has a market capitalization of $65.75 billion, a PE ratio of 29.40, a P/E/G ratio of 2.34 and a beta of 1.12. The company’s 50 day simple moving average is $46.81 and its 200 day simple moving average is $57.41.

NIKE (NYSE:NKE – Get Free Report) last posted its quarterly earnings data on Tuesday, March 31st. The footwear maker reported $0.35 EPS for the quarter, beating analysts’ consensus estimates of $0.29 by $0.06. NIKE had a net margin of 4.84% and a return on equity of 16.41%. The business had revenue of $11.28 billion for the quarter, compared to analyst estimates of $11.23 billion. During the same quarter last year, the business earned $0.54 earnings per share. The business’s revenue for the quarter was up .1% on a year-over-year basis. As a group, equities research analysts forecast that NIKE, Inc. will post 1.51 EPS for the current fiscal year.

NIKE Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Monday, June 1st will be paid a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date is Monday, June 1st. NIKE’s dividend payout ratio (DPR) is currently 108.61%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on NKE. Barclays cut their target price on shares of NIKE from $73.00 to $67.00 and set an “overweight” rating on the stock in a report on Wednesday, April 1st. CICC Research cut shares of NIKE from an “outperform” rating to a “market perform” rating and cut their target price for the stock from $69.00 to $58.00 in a report on Monday, April 6th. Deutsche Bank Aktiengesellschaft dropped their price target on shares of NIKE from $54.00 to $51.00 and set a “hold” rating on the stock in a research note on Wednesday, April 1st. Evercore dropped their price target on shares of NIKE from $69.00 to $57.00 and set an “outperform” rating on the stock in a research note on Wednesday, April 1st. Finally, China Renaissance dropped their price target on shares of NIKE from $74.60 to $50.30 and set a “hold” rating on the stock in a research note on Thursday, April 2nd. Sixteen investment analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, NIKE presently has an average rating of “Hold” and an average price target of $62.04.

Get Our Latest Stock Analysis on NKE

Insider Activity at NIKE

In other NIKE news, CEO Elliott Hill purchased 23,660 shares of the firm’s stock in a transaction on Monday, April 13th. The shares were purchased at an average price of $42.27 per share, for a total transaction of $1,000,108.20. Following the completion of the transaction, the chief executive officer owned 265,247 shares in the company, valued at $11,211,990.69. This represents a 9.79% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Timothy D. Cook purchased 25,000 shares of the firm’s stock in a transaction on Friday, April 10th. The stock was acquired at an average price of $42.43 per share, for a total transaction of $1,060,750.00. Following the transaction, the director owned 130,480 shares of the company’s stock, valued at $5,536,266.40. The trade was a 23.70% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have acquired 64,441 shares of company stock worth $2,734,204 over the last ninety days. Insiders own 0.80% of the company’s stock.

NIKE News Summary

Here are the key news stories impacting NIKE this week:

Positive Sentiment: NIKE shares are benefiting from a shift into consumer and cyclical stocks as market breadth improves, helping lift sentiment around the name. Nike Stock Is Testing A Level That Could Define The Next Move
Positive Sentiment: Lower energy prices and softer long-term Treasury yields are helping consumer discretionary stocks, including NIKE, by easing inflation worries and supporting expectations for resilient consumer spending. Nike Stock Soars As Energy Prices And Bond Yields Drop
Neutral Sentiment: NIKE remains a heavily watched stock, with recent articles and trending searches suggesting investors are actively reassessing the name rather than reacting to a single fundamental catalyst. NIKE, Inc. (NKE) Is a Trending Stock: Facts to Know Before Betting on It
Neutral Sentiment: Analyst and commentary pieces are focused on whether NIKE is ready for a turnaround, but they do not point to a clear near-term catalyst on their own. Is Nike Stock (NKE) Ready for a Turnaround?
Negative Sentiment: Some recent analysis remains cautious, arguing NIKE is still not cheap enough or that the operating environment is tough, which could limit upside if investors demand clearer evidence of a rebound. Nike: Not Cheap Enough Yet

NIKE Company Profile

(Free Report)

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).