NIKE, Inc. $NKE Shares Acquired by Lone Peak Global Investors LLC

Lone Peak Global Investors LLC lifted its stake in shares of NIKE, Inc. (NYSE:NKE) by 6.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 363,889 shares of the footwear maker’s stock after acquiring an additional 20,844 shares during the quarter. Lone Peak Global Investors LLC’s holdings in NIKE were worth $14,938,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of NKE. Harbor Island Capital LLC grew its position in shares of NIKE by 48.8% during the second quarter. Harbor Island Capital LLC now owns 361,489 shares of the footwear maker’s stock worth $14,839,000 after buying an additional 118,574 shares in the last quarter. Legacy Financial Advisors Inc. raised its holdings in NIKE by 18.0% in the second quarter. Legacy Financial Advisors Inc. now owns 31,638 shares of the footwear maker’s stock valued at $1,299,000 after acquiring an additional 4,833 shares in the last quarter. Piedmont Capital Management LLC lifted its stake in NIKE by 8.2% in the second quarter. Piedmont Capital Management LLC now owns 7,363 shares of the footwear maker’s stock worth $312,000 after acquiring an additional 561 shares during the last quarter. Quantitative Investment Management LLC purchased a new position in NIKE in the second quarter worth approximately $2,459,000. Finally, Two Sigma Securities LLC grew its holdings in NIKE by 30.9% during the 2nd quarter. Two Sigma Securities LLC now owns 23,129 shares of the footwear maker’s stock worth $949,000 after acquiring an additional 5,461 shares in the last quarter. 64.25% of the stock is currently owned by hedge funds and other institutional investors.

NIKE Stock Down 2.4%

Shares of NYSE:NKE opened at $38.12 on Wednesday. The firm has a 50 day simple moving average of $41.74 and a 200-day simple moving average of $46.67. NIKE, Inc. has a twelve month low of $37.97 and a twelve month high of $76.97. 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 company has a market capitalization of $56.55 billion, a PE ratio of 18.24, a P/E/G ratio of 1.73 and a beta of 1.10.

NIKE (NYSE:NKE) last announced its quarterly 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. NIKE had a net margin of 6.70% and a return on equity of 16.54%. The firm had revenue of $10.97 billion for the quarter, compared to analyst estimates of $10.85 billion. During the same period last year, the business earned $0.14 EPS. NIKE’s revenue for the quarter was down 1.1% compared to the same quarter last year. On average, equities analysts predict that NIKE, Inc. will post 1.74 EPS for the current fiscal year.

NIKE Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders 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 dividend on an annualized basis and a dividend yield of 4.3%. NIKE’s payout ratio is 78.47%.

Analyst Ratings Changes

NKE has been the topic of a number of analyst reports. JPMorgan Chase & Co. restated a “sell” rating on shares of NIKE in a report on Monday. Wall Street Zen upgraded shares of NIKE from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. Telsey Advisory Group set a $47.00 target price on NIKE and gave the company a “market perform” rating in a report on Wednesday, July 1st. Royal Bank Of Canada restated a “sector perform” rating and issued a $45.00 price target on shares of NIKE in a research note on Tuesday, August 25th. Finally, Weiss Ratings raised NIKE from a “sell (d)” rating to a “sell (d+)” rating in a report on Friday, July 17th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, twenty have given a Hold rating and four have given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $52.94.

Insider Transactions at NIKE

In other news, EVP Philip Mccartney sold 17,398 shares of the business’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $46.18, for a total value of $803,439.64. Following the completion of the sale, the executive vice president directly owned 53,133 shares of the company’s stock, valued at approximately $2,453,681.94. The trade was a 24.67% decrease in their position. The transaction 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, COO Venkatesh Alagirisamy sold 890 shares of the firm’s stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $41.60, for a total value of $37,024.00. Following the transaction, the chief operating officer owned 74,820 shares in the company, valued at $3,112,512. This represents a 1.18% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 26,142 shares of company stock worth $1,169,380 over the last three months. 1.10% of the stock is currently owned by company insiders.

Key Stories Impacting NIKE

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: NIKE reinstated the chief commercial officer role and appointed Walmart veteran Jane Ewing, potentially strengthening its commercial execution. The company also announced a partnership with Foot Locker to launch The Crenshaw Rec, a community-focused retail and cultural hub in Los Angeles. Nike Reinstates Chief Commercial Officer Role
• Neutral Sentiment: NIKE’s inventory-reduction program is aimed at clearing excess products and reducing future discounting. While the process may pressure near-term margins, new footwear launches and supply-chain improvements could support profitability over time. NIKE Inventory Cleanup
• Negative Sentiment: JPMorgan reaffirmed its “sell” rating on NIKE, adding pressure to the shares and signaling that the firm sees limited upside at current valuation levels. JPMorgan Reaffirms Sell Rating
• Negative Sentiment: JPMorgan lowered its fiscal 2027 earnings outlook and highlighted rising competition in China, raising concerns about weaker international growth and continued earnings-estimate reductions. JPMorgan Cuts Nike 2027 Earnings Outlook
• Negative Sentiment: NIKE recently underperformed the broader market, reinforcing investor concerns about ongoing brand, demand and execution challenges. Nike Underperforms the General Market

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).