Lone Peak Global Investors LLC Boosts Stock Position in NIKE, Inc. $NKE

Lone Peak Global Investors LLC lifted its stake in NIKE, Inc. (NYSE:NKE) by 6.1% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 363,889 shares of the footwear maker’s stock after purchasing an additional 20,844 shares during the quarter. Lone Peak Global Investors LLC’s holdings in NIKE were worth $14,938,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Cornerstone Financial Management LLC purchased a new position in shares of NIKE during the 4th quarter worth $26,000. Sankala Group LLC acquired a new position in shares of NIKE during the 4th quarter valued at about $26,000. J.Safra Asset Management Corp purchased a new stake in shares of NIKE in the fourth quarter valued at about $29,000. Kemnay Advisory Services Inc. purchased a new stake in shares of NIKE in the fourth quarter valued at about $30,000. Finally, Scarborough Advisors LLC acquired a new stake in NIKE during the first quarter worth about $25,000. Institutional investors and hedge funds own 64.25% of the company’s stock.

NIKE Trading Down 2.4%

NYSE NKE opened at $38.12 on Wednesday. The firm’s 50-day moving average is $41.74 and its two-hundred day moving average is $46.67. NIKE, Inc. has a 12 month low of $37.97 and a 12 month high of $76.97. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.96 and a quick ratio of 1.36. The stock has a market capitalization of $56.55 billion, a P/E ratio of 18.24, a PEG ratio of 1.73 and a beta of 1.10.

NIKE (NYSE:NKE) last announced its quarterly earnings results 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. The business had revenue of $10.97 billion during the quarter, compared to analysts’ expectations of $10.85 billion. NIKE had a net margin of 6.70% and a return on equity of 16.54%. The business’s revenue for the quarter was down 1.1% on a year-over-year basis. During the same period last year, the business earned $0.14 earnings per share. On average, sell-side analysts anticipate that NIKE, Inc. will post 1.74 earnings per share for the current year.

NIKE Announces Dividend

The business 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 $0.41 dividend. This represents a $1.64 annualized dividend and a yield of 4.3%. The ex-dividend date is Tuesday, September 1st. NIKE’s dividend payout ratio (DPR) is 78.47%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Barclays reduced their target price on shares of NIKE from $67.00 to $52.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 1st. Stifel Nicolaus set a $45.00 price target on shares of NIKE and gave the stock a “hold” rating in a report on Wednesday, July 1st. BTIG Research restated a “buy” rating and set a $55.00 price target on shares of NIKE in a report on Wednesday, July 1st. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $45.00 price target on shares of NIKE in a research report on Tuesday, August 25th. Finally, Berenberg Bank set a $49.00 price objective on NIKE and gave the company a “hold” rating in a report on Friday, July 3rd. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, twenty have assigned a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $52.94.

NIKE News Summary

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: NIKE reinstated the chief commercial officer role and appointed Walmart veteran Jane Ewing, potentially strengthening its commercial execution. The company also announced a partnership with Foot Locker to launch The Crenshaw Rec, a community-focused retail and cultural hub in Los Angeles. Nike Reinstates Chief Commercial Officer Role
• Neutral Sentiment: NIKE’s inventory-reduction program is aimed at clearing excess products and reducing future discounting. While the process may pressure near-term margins, new footwear launches and supply-chain improvements could support profitability over time. NIKE Inventory Cleanup
• Negative Sentiment: JPMorgan reaffirmed its “sell” rating on NIKE, adding pressure to the shares and signaling that the firm sees limited upside at current valuation levels. JPMorgan Reaffirms Sell Rating
• Negative Sentiment: JPMorgan lowered its fiscal 2027 earnings outlook and highlighted rising competition in China, raising concerns about weaker international growth and continued earnings-estimate reductions. JPMorgan Cuts Nike 2027 Earnings Outlook
• Negative Sentiment: NIKE recently underperformed the broader market, reinforcing investor concerns about ongoing brand, demand and execution challenges. Nike Underperforms the General Market

Insider Transactions at NIKE

In other NIKE news, EVP Philip Mccartney sold 17,398 shares of the business’s stock in a transaction that occurred 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 sale, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available 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. Also, CFO Matthew Friend sold 2,463 shares of the company’s stock in a transaction on Wednesday, August 5th. The stock was 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 ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 26,142 shares of company stock worth $1,169,380 in the last ninety days. 1.10% of the stock is owned by company insiders.

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).