RB Capital Management LLC Sells 20,738 Shares of NIKE, Inc. $NKE

RB Capital Management LLC decreased its holdings in NIKE, Inc. (NYSE:NKE) by 53.4% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 18,098 shares of the footwear maker’s stock after selling 20,738 shares during the quarter. RB Capital Management LLC’s holdings in NIKE were worth $743,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. J. Stern & Co. LLP increased its holdings in shares of NIKE by 49,010.4% in the 4th quarter. J. Stern & Co. LLP now owns 48,054,542 shares of the footwear maker’s stock valued at $3,061,555,000 after acquiring an additional 47,956,692 shares during the period. Norges Bank bought a new stake in NIKE during the fourth quarter valued at about $829,956,000. Flossbach Von Storch SE bought a new stake in NIKE during the second quarter valued at about $488,714,000. Harris Associates L P bought a new position in NIKE in the second quarter worth about $621,525,000. Finally, Capital World Investors lifted its position in shares of NIKE by 16.2% during the fourth quarter. Capital World Investors now owns 49,069,951 shares of the footwear maker’s stock valued at $3,126,246,000 after buying an additional 6,830,938 shares during the last quarter. Institutional investors own 64.25% of the company’s stock.

Analyst Ratings Changes

NKE has been the topic of a number of recent analyst reports. Citigroup restated a “neutral” rating on shares of NIKE in a report on Wednesday, July 22nd. BTIG Research reissued a “buy” rating and set a $55.00 target price on shares of NIKE in a research report on Wednesday, July 1st. Rothschild & Co Redburn lowered their target price on shares of NIKE from $45.00 to $37.00 and set a “sell” rating for the company in a research note on Friday, July 17th. Jefferies Financial Group reaffirmed a “buy” rating on shares of NIKE in a report on Tuesday. Finally, Weiss Ratings raised NIKE from a “sell (d)” rating to a “sell (d+)” rating in a research report on Friday, July 17th. One research analyst has rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, twenty have given a Hold rating and four have assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $52.94.

NIKE Trading Up 2.9%

Shares of NIKE stock opened at $39.57 on Friday. 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 12-month low of $38.17 and a 12-month high of $79.13. The firm has a market capitalization of $58.70 billion, a price-to-earnings ratio of 18.93, a PEG ratio of 1.71 and a beta of 1.11. The firm’s 50 day simple moving average is $41.91 and its two-hundred day simple moving average is $47.11.

NIKE (NYSE:NKE) last announced its quarterly earnings data on Tuesday, June 30th. The footwear maker reported $0.20 earnings per share for the quarter, beating analysts’ consensus estimates of $0.11 by $0.09. NIKE had a net margin of 6.70% and a return on equity of 16.54%. The firm 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 company earned $0.14 earnings per share. The business’s quarterly revenue was down 1.1% compared to the same quarter last year. Analysts predict that NIKE, Inc. will post 1.74 EPS for the current year.

NIKE Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Tuesday, September 1st will be given a $0.41 dividend. 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 dividend payout ratio is currently 78.47%.

NIKE News Roundup

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.

Insider Buying and Selling at NIKE

In related news, CFO Matthew Friend sold 2,463 shares of the business’s stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $41.60, for a total transaction of $102,460.80. Following the completion of the transaction, the chief financial officer directly owned 82,165 shares in the company, valued at $3,418,064. The trade was a 2.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Philip Mccartney sold 17,398 shares of NIKE stock in a transaction dated Friday, June 12th. The shares were 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 of the company’s stock, 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 a total of 26,142 shares of company stock worth $1,169,380 in the last 90 days. 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).