59,915 Shares in NIKE, Inc. $NKE Bought by Quantitative Investment Management LLC

Quantitative Investment Management LLC acquired a new position in NIKE, Inc. (NYSE:NKE) during the second quarter, according to the company in its most recent filing with the SEC. The fund acquired 59,915 shares of the footwear maker’s stock, valued at approximately $2,459,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in NKE. Cornerstone Financial Management LLC acquired a new position in shares of NIKE in the 4th quarter valued at approximately $26,000. Sankala Group LLC acquired a new stake in shares of NIKE during the fourth quarter worth approximately $26,000. J.Safra Asset Management Corp acquired a new stake in shares of NIKE during the fourth quarter worth approximately $29,000. Kemnay Advisory Services Inc. bought a new stake in shares of NIKE in the fourth quarter worth $30,000. Finally, Scarborough Advisors LLC bought a new stake in shares of NIKE in the first quarter worth $25,000. 64.25% of the stock is owned by hedge funds and other institutional investors.

NIKE Stock Performance

Shares of NYSE NKE opened at $39.57 on Monday. The company has a quick ratio of 1.36, a current ratio of 1.96 and a debt-to-equity ratio of 0.40. The firm’s 50-day moving average price is $41.91 and its two-hundred day moving average price is $47.01. NIKE, Inc. has a 52-week low of $38.17 and a 52-week high of $79.13. The stock has a market capitalization of $58.70 billion, a P/E ratio of 18.93, a P/E/G ratio of 1.76 and a beta of 1.11.

NIKE (NYSE:NKE) last issued its earnings results on Tuesday, June 30th. The footwear maker reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.09. The company 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 quarterly revenue was down 1.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.14 earnings per share. As a group, sell-side analysts forecast that NIKE, Inc. will post 1.74 earnings per share for the current year.

NIKE Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Investors 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 yield of 4.1%. NIKE’s payout ratio is currently 78.47%.

Key Stories 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.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. Jefferies Financial Group reiterated a “buy” rating on shares of NIKE in a research note on Tuesday, August 25th. Evercore set a $46.00 target price on shares of NIKE and gave the company an “in-line” rating in a research note on Tuesday, June 23rd. Oppenheimer reduced their price target on shares of NIKE from $120.00 to $60.00 and set an “outperform” rating on the stock in a research report on Friday, June 26th. Rothschild & Co Redburn decreased their price target on NIKE from $45.00 to $37.00 and set a “sell” rating for the company in a research note on Friday, July 17th. Finally, Needham & Company LLC reissued a “hold” rating on shares of NIKE in a report on Thursday, June 4th. One analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, twenty have given a Hold rating and four have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $52.94.

Insider Buying and Selling

In related news, EVP Philip Mccartney sold 17,398 shares of the company’s stock in a transaction 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 $2,453,681.94. This represents a 24.67% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available 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, COO Venkatesh Alagirisamy sold 890 shares of the stock in a transaction 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 directly owned 74,820 shares in the company, valued at $3,112,512. This represents a 1.18% 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. Over the last quarter, insiders have sold 26,142 shares of company stock worth $1,169,380. 1.10% of the stock is owned by company 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).