2,424,640 Shares in NIKE, Inc. $NKE Purchased by Equity Investment Corp

Equity Investment Corp purchased a new stake in shares of NIKE, Inc. (NYSE:NKE) in the second quarter, HoldingsChannel.com reports. The institutional investor purchased 2,424,640 shares of the footwear maker’s stock, valued at approximately $99,531,000.

Other institutional investors have also added to or reduced their stakes in the company. Westerkirk Capital Inc. grew its holdings in NIKE by 52.4% during the 4th quarter. Westerkirk Capital Inc. now owns 131,220 shares of the footwear maker’s stock worth $8,360,000 after acquiring an additional 45,100 shares in the last quarter. OMERS ADMINISTRATION Corp increased its holdings in shares of NIKE by 77.9% in the 4th quarter. OMERS ADMINISTRATION Corp now owns 2,526,179 shares of the footwear maker’s stock valued at $160,943,000 after acquiring an additional 1,106,499 shares during the period. OneDigital Investment Advisors LLC raised its position in shares of NIKE by 32.8% in the 2nd quarter. OneDigital Investment Advisors LLC now owns 244,296 shares of the footwear maker’s stock worth $10,028,000 after acquiring an additional 60,375 shares in the last quarter. PFA Pension Forsikringsaktieselskab bought a new position in shares of NIKE in the 4th quarter worth $43,188,000. Finally, Nicholas Company Inc. lifted its stake in shares of NIKE by 33.3% during the 4th quarter. Nicholas Company Inc. now owns 123,652 shares of the footwear maker’s stock worth $7,878,000 after purchasing an additional 30,890 shares during the last quarter. Hedge funds and other institutional investors own 64.25% of the company’s stock.

Insider Buying and Selling

In other NIKE news, insider Amy Montagne sold 4,867 shares of the stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $42.05, for a total transaction of $204,657.35. Following the transaction, the insider owned 57,436 shares in the company, valued at approximately $2,415,183.80. This represents a 7.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Matthew Friend sold 2,463 shares of the stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $41.60, for a total value of $102,460.80. Following the transaction, the chief financial officer owned 82,165 shares in the company, valued at $3,418,064. This trade represents a 2.91% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 26,142 shares of company stock worth $1,169,380. 1.10% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on NKE shares. Wall Street Zen raised NIKE from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. UBS Group set a $48.00 price target on shares of NIKE and gave the company a “neutral” rating in a research report on Wednesday, July 1st. JPMorgan Chase & Co. restated an “underweight” rating and issued a $40.00 price target (down from $47.00) on shares of NIKE in a report on Tuesday, August 4th. China Renaissance cut their price objective on shares of NIKE from $50.30 to $47.30 and set a “hold” rating on the stock in a research report on Thursday, July 2nd. Finally, CICC Research reduced their price objective on shares of NIKE from $58.00 to $44.80 and set a “neutral” rating for the company in a research note on Thursday, July 2nd. One analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, eighteen have assigned a Hold rating and five have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $53.53.

NIKE News Roundup

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?

NIKE Stock Performance

Shares of NIKE stock opened at $40.06 on Wednesday. The firm has a market capitalization of $59.43 billion, a P/E ratio of 19.17, a PEG ratio of 1.81 and a beta of 1.11. 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 company has a 50 day moving average price of $42.73 and a 200 day moving average price of $48.29. NIKE, Inc. has a 52 week low of $38.86 and a 52 week 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 analysts’ consensus estimates of $0.11 by $0.09. NIKE had a return on equity of 16.54% and a net margin of 6.70%.The company had revenue of $10.97 billion during the quarter, compared to analyst estimates of $10.85 billion. During the same quarter last year, the business posted $0.14 EPS. The firm’s quarterly revenue was down 1.1% on a year-over-year basis. Sell-side analysts expect that NIKE, Inc. will post 1.74 EPS for the current year.

NIKE Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 1st will be given a $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 4.1%. The ex-dividend date is Tuesday, September 1st. NIKE’s dividend payout ratio is currently 78.47%.

NIKE 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).