Perigon Wealth Management LLC Has $572,000 Stock Holdings in NIKE, Inc. $NKE

Perigon Wealth Management LLC decreased its holdings in shares of NIKE, Inc. (NYSE:NKE) by 56.2% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 13,924 shares of the footwear maker’s stock after selling 17,861 shares during the period. Perigon Wealth Management LLC’s holdings in NIKE were worth $572,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in NKE. Commerzbank Aktiengesellschaft FI boosted its position in shares of NIKE by 3.5% in the 2nd quarter. Commerzbank Aktiengesellschaft FI now owns 129,729 shares of the footwear maker’s stock worth $5,325,000 after purchasing an additional 4,375 shares during the last quarter. Trust Co. of Vermont acquired a new stake in shares of NIKE during the second quarter worth $1,616,000. Principle Wealth Partners LLC increased its holdings in NIKE by 34.9% in the second quarter. Principle Wealth Partners LLC now owns 6,228 shares of the footwear maker’s stock valued at $256,000 after purchasing an additional 1,611 shares during the last quarter. Capital Financial Group Inc. Co. ADV lifted its stake in NIKE by 66.3% in the second quarter. Capital Financial Group Inc. Co. ADV now owns 21,891 shares of the footwear maker’s stock valued at $899,000 after buying an additional 8,728 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in NIKE by 8.9% in the second quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 3,049,658 shares of the footwear maker’s stock valued at $125,190,000 after buying an additional 248,502 shares during the period. Institutional investors and hedge funds own 64.25% of the company’s stock.

NIKE Stock Up 2.4%

NIKE stock opened at $41.03 on Thursday. The company has a fifty day simple moving average of $42.67 and a 200 day simple moving average of $48.14. The company has a current ratio of 1.96, a quick ratio of 1.36 and a debt-to-equity ratio of 0.40. NIKE, Inc. has a 1-year low of $38.86 and a 1-year high of $80.17. The company has a market cap of $60.88 billion, a P/E ratio of 19.63, a price-to-earnings-growth ratio of 1.78 and a beta of 1.11.

NIKE (NYSE:NKE) last released 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 return on equity of 16.54% and a net margin of 6.70%.The business had revenue of $10.97 billion for the quarter, compared to analyst estimates of $10.85 billion. During the same quarter in the prior year, the company posted $0.14 earnings per share. NIKE’s revenue was down 1.1% on a year-over-year basis. Research analysts anticipate that NIKE, Inc. will post 1.74 earnings per share for the current fiscal year.

NIKE Announces Dividend

The firm also recently announced 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. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $1.64 dividend on an annualized basis and a dividend yield of 4.0%. NIKE’s payout ratio is presently 78.47%.

Wall Street Analyst Weigh In

NKE has been the subject of a number of recent analyst reports. Piper Sandler lowered their price target on NIKE from $50.00 to $45.00 and set a “neutral” rating for the company in a research note on Wednesday, July 1st. Deutsche Bank Aktiengesellschaft increased their target price on shares of NIKE from $43.00 to $45.00 and gave the stock a “hold” rating in a report on Friday, July 17th. JPMorgan Chase & Co. restated an “underweight” rating and issued a $40.00 price objective (down from $47.00) on shares of NIKE in a research report on Tuesday, August 4th. Sanford C. Bernstein reissued an “outperform” rating and issued a $68.00 target price (down from $72.00) on shares of NIKE in a research note on Wednesday, July 29th. Finally, Robert W. Baird reiterated an “outperform” rating and set a $70.00 price objective on shares of NIKE in a report on Wednesday, July 1st. One research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, eighteen have issued a Hold rating and five have assigned a Sell rating to the company. Based on data from MarketBeat, NIKE presently has an average rating of “Hold” and a consensus target price of $53.53.

Insider Activity at NIKE

In related news, CFO Matthew Friend sold 2,463 shares of NIKE stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $41.60, for a total transaction of $102,460.80. Following the completion of the sale, the chief financial officer directly owned 82,165 shares of the company’s stock, valued at approximately $3,418,064. This trade represents a 2.91% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible 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 on Friday, June 12th. The stock was sold at an average price of $46.18, for a total value 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 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 26,142 shares of company stock valued at $1,169,380 in the last ninety days. Company insiders own 1.10% of the company’s stock.

NIKE News Summary

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: Recent quarterly results offered some support: earnings and revenue exceeded consensus estimates, wholesale sales improved—particularly in North America—and gross margin benefited from lower tariff-related costs. Management is also emphasizing product innovation and improved marketplace execution as part of its turnaround plan. Why Nike Stock Is Up
• Positive Sentiment: Some investors view the selloff as an opportunity, citing Nike’s global brand, approximately 4% dividend yield and potential for a 25th consecutive annual dividend increase. Analysts’ median price target is reported near $47.50, implying meaningful upside if the turnaround gains traction. Nike Dividend Article
• Positive Sentiment: Several company insiders have recently purchased shares, including CEO Elliott Hill, while Capital World Investors and JPMorgan increased their institutional holdings. These transactions may signal confidence that valuation and expectations have become more attractive, although institutional positioning remains mixed.
• Neutral Sentiment: Technical analysts see the possibility of a short-term rebound after the steep decline. However, JPMorgan reportedly expects stabilization only by fiscal 2028—not a full recovery—suggesting investors may need to tolerate a prolonged restructuring period. JPMorgan Nike Outlook
• Negative Sentiment: Weak China sales, sluggish Nike Direct performance and declining digital revenue continue to pressure growth. Competition from brands such as On and Lululemon is intensifying, while Nike’s forward valuation remains above the sector median despite falling sales. Nike Performance and Competition
• Negative Sentiment: Nike is reportedly pulling back from its small neighborhood-store concept, highlighting ongoing efforts to reduce complexity and adjust its retail strategy. Analysts and commentators warn the shares could fall below $30 if the turnaround continues to disappoint. Nike Neighborhood Store Strategy

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).