NIKE, Inc. $NKE Shares Sold by Mediolanum International Funds Ltd

Mediolanum International Funds Ltd reduced its stake in NIKE, Inc. (NYSE:NKE) by 90.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 12,597 shares of the footwear maker’s stock after selling 125,453 shares during the quarter. Mediolanum International Funds Ltd’s holdings in NIKE were worth $645,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of NKE. Cornerstone Financial Management LLC purchased a new stake in shares of NIKE during the fourth quarter worth approximately $26,000. Sankala Group LLC purchased a new position in NIKE in the 4th quarter valued at $26,000. J.Safra Asset Management Corp acquired a new position in NIKE in the 4th quarter valued at $29,000. Kemnay Advisory Services Inc. acquired a new position in NIKE in the 4th quarter valued at $30,000. Finally, Atlas Wealth LLC purchased a new position in NIKE during the 1st quarter worth $31,000. Institutional investors and hedge funds own 64.25% of the company’s stock.

NIKE News Summary

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: NIKE is restructuring its China e-commerce strategy by steering shoppers to official channels and cutting off thousands of third-party online distributors, a move that could improve brand control, reduce marketplace clutter, and support margins. Nike to cut off thousands of online distributors in China, restructure digital footprint
• Positive Sentiment: The company’s focus on new performance products, advanced technologies, and its “Sport Offense” strategy could help reignite demand over time if the innovation pipeline converts into stronger sales. NIKE’s Innovation Pipeline: Can New Products Spark Demand?
• Neutral Sentiment: Analyst commentary and market-activity coverage suggest investors are closely monitoring NIKE’s turnaround story, but these items do not appear to add a major new catalyst on their own. SA analyst upgrades/downgrades: NKE, DDOG, BIDU, INTC
• Neutral Sentiment: Commentary on NIKE’s broader brand reset, retail growth strategy, and stock activity reflects ongoing debate about the turnaround, but these headlines are more diagnostic than immediately actionable. Nike (NYSE:NKE) Faces A Crucial Brand Reset
• Neutral Sentiment: Coverage noting NIKE’s miss on World Cup final exposure and LeBron James’ criticism underscores brand relevance concerns, but the effect is longer-term and harder to quantify immediately. Nike Misses World Cup Final as Adidas Gains Merchandise Opportunity
• Negative Sentiment: Ongoing concerns about weak consumer demand, heavy discounting in key Sportswear and Jordan lines, and questions about cultural relevance continue to weigh on sentiment for NIKE. The Bull Case For NIKE (NKE) Could Change Following Missed World Cup Moment And Brand Relevance Questions
• Negative Sentiment: LeBron James’ comments that NIKE needs to reconnect with local communities and consumers reinforce the view that the brand still has a turnaround problem to solve. LeBron James exposes Nike’s hidden turnaround problem

Analyst Ratings Changes

Several analysts have recently commented on NKE shares. Wells Fargo & Company reduced their target price on shares of NIKE from $45.00 to $40.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 1st. Jefferies Financial Group dropped their price target on shares of NIKE from $90.00 to $75.00 and set a “buy” rating on the stock in a research note on Wednesday, July 1st. CICC Research cut their price target on shares of NIKE from $58.00 to $44.80 and set a “neutral” rating for the company in a report on Thursday, July 2nd. The Goldman Sachs Group reduced their price objective on shares of NIKE from $46.00 to $42.00 and set a “neutral” rating for the company in a research report on Wednesday, July 1st. Finally, Stifel Nicolaus set a $45.00 price objective on NIKE and gave the company a “hold” rating in a report on Wednesday, July 1st. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, nineteen have assigned a Hold rating and four have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $53.86.

NIKE Price Performance

NIKE stock opened at $42.99 on Wednesday. NIKE, Inc. has a one year low of $40.00 and a one year 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 business has a fifty day moving average of $43.70 and a two-hundred day moving average of $51.52. The company has a market cap of $63.66 billion, a P/E ratio of 20.57, a price-to-earnings-growth ratio of 1.92 and a beta of 1.12.

NIKE (NYSE:NKE) last issued its 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 company had revenue of $10.97 billion for the quarter, compared to analyst estimates of $10.85 billion. During the same period in the previous year, the firm earned $0.14 EPS. The business’s revenue was down 1.1% on a year-over-year basis. As a group, analysts predict that NIKE, Inc. will post 1.74 earnings per share for the current fiscal year.

NIKE Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 1st. Investors of record on Monday, June 1st were issued a dividend of $0.41 per share. The ex-dividend date of this dividend was Monday, June 1st. This represents a $1.64 dividend on an annualized basis and a yield of 3.8%. NIKE’s payout ratio is currently 78.47%.

Insider Buying and Selling

In other NIKE news, EVP Philip Mccartney sold 17,398 shares of the company’s stock in a transaction dated 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 directly owned 53,133 shares in the company, valued at approximately $2,453,681.94. This represents a 24.67% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed 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. Corporate insiders own 1.10% of the company’s stock.

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).