Oppenheimer Asset Management Inc. Sells 18,781 Shares of NIKE, Inc. $NKE

Oppenheimer Asset Management Inc. cut its stake in NIKE, Inc. (NYSE:NKE) by 79.0% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 5,007 shares of the footwear maker’s stock after selling 18,781 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in NIKE were worth $206,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in NKE. Hardy Reed LLC grew its holdings in NIKE by 11.9% during the 2nd quarter. Hardy Reed LLC now owns 6,625 shares of the footwear maker’s stock valued at $272,000 after buying an additional 706 shares in the last quarter. Oppenheimer & Co. Inc. lifted its holdings in shares of NIKE by 24.8% in the second quarter. Oppenheimer & Co. Inc. now owns 93,761 shares of the footwear maker’s stock worth $3,849,000 after buying an additional 18,617 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of NIKE by 20.5% in the second quarter. Massachusetts Financial Services Co. MA now owns 4,785 shares of the footwear maker’s stock valued at $196,000 after acquiring an additional 814 shares during the period. Lester Murray Antman dba SimplyRich boosted its position in shares of NIKE by 47.2% in the second quarter. Lester Murray Antman dba SimplyRich now owns 36,182 shares of the footwear maker’s stock valued at $1,485,000 after acquiring an additional 11,608 shares during the period. Finally, Ballast Inc. grew its stake in NIKE by 78.2% during the second quarter. Ballast Inc. now owns 45,737 shares of the footwear maker’s stock valued at $1,878,000 after acquiring an additional 20,076 shares in the last quarter. 64.25% of the stock is currently owned by institutional investors.

NIKE Stock Performance

NIKE stock opened at $40.06 on Wednesday. NIKE, Inc. has a fifty-two week low of $38.86 and a fifty-two week high of $80.17. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.36 and a current ratio of 1.96. The stock has a market cap of $59.43 billion, a P/E ratio of 19.17, a price-to-earnings-growth ratio of 1.81 and a beta of 1.11. The firm’s fifty day moving average price is $42.73 and its 200-day moving average price is $48.29.

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

NIKE Dividend Announcement

The company also recently disclosed 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 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend is Tuesday, September 1st. NIKE’s dividend payout ratio (DPR) is currently 78.47%.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on NKE shares. Telsey Advisory Group set a $47.00 target price on shares of NIKE and gave the stock a “market perform” rating in a report on Wednesday, July 1st. Robert W. Baird reissued an “outperform” rating and issued a $70.00 price target on shares of NIKE in a report on Wednesday, July 1st. Wells Fargo & Company reduced their price target on shares of NIKE from $45.00 to $40.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 1st. UBS Group set a $48.00 price target on shares of NIKE and gave the stock a “neutral” rating in a report on Wednesday, July 1st. Finally, Evercore set a $46.00 price objective on NIKE and gave the stock an “in-line” rating in a research report on Tuesday, June 23rd. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, eighteen have assigned a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat, NIKE presently has an average rating of “Hold” and an average target price of $53.53.

Trending Headlines about 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 Transactions at NIKE

In related news, COO Venkatesh Alagirisamy sold 890 shares of the business’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 completion of the sale, the chief operating officer owned 74,820 shares in the company, valued at $3,112,512. The trade was a 1.18% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Philip Mccartney sold 17,398 shares of the stock in a transaction that occurred on 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 owned 53,133 shares in the company, valued at $2,453,681.94. The trade was a 24.67% decrease in their ownership of the stock. 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. Over the last 90 days, insiders have sold 26,142 shares of company stock worth $1,169,380. 1.10% of the stock is owned by corporate insiders.

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).