NIKE (NYSE:NKE) Stock Unloaded Rep. Kevin Hern

Posted by Mitch Edgeman on Sep 3rd, 2026

Representative Kevin Hern (Republican-Oklahoma) recently sold shares of NIKE, Inc. (NYSE:NKE). In a filing disclosed on September 01st, the Representative disclosed that they had sold between $1,001 and $15,000 in NIKE stock on August 13th. The trade occurred in the Representative’s “KEVIN HERN TRADITIONAL IRA” account.

Representative Kevin Hern also recently made the following trade(s):

Sold $1,001 – $15,000 in shares of Marsh & McLennan Companies (NYSE:MRSH) on 8/24/2026.
Sold $15,001 – $50,000 in shares of Medtronic (NYSE:MDT) on 8/24/2026.
Sold $50,001 – $100,000 in shares of Home Depot (NYSE:HD) on 8/24/2026.
Sold $50,001 – $100,000 in shares of Procter & Gamble (NYSE:PG) on 8/24/2026.
Sold $1,001 – $15,000 in shares of Lowe’s Companies (NYSE:LOW) on 8/24/2026.
Sold $15,001 – $50,000 in shares of Microsoft (NASDAQ:MSFT) on 8/21/2026.
Sold $1,001 – $15,000 in shares of Veralto (NYSE:VLTO) on 8/21/2026.
Sold $15,001 – $50,000 in shares of Honeywell Aerospace (NASDAQ:HONA) on 8/19/2026.
Sold $1,001 – $15,000 in shares of Colgate-Palmolive (NYSE:CL) on 8/19/2026.
Sold $1,001 – $15,000 in shares of Biogen (NASDAQ:BIIB) on 8/18/2026.

NIKE Price Performance

NIKE stock opened at $38.21 on Thursday. NIKE, Inc. has a 1 year low of $37.97 and a 1 year high of $76.97. 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 company’s 50 day simple moving average is $41.67 and its 200-day simple moving average is $46.51. The company has a market capitalization of $56.68 billion, a price-to-earnings ratio of 18.28, a price-to-earnings-growth ratio of 1.87 and a beta of 1.10.

NIKE (NYSE:NKE – Get Free Report) last released its quarterly earnings results on Tuesday, June 30th. The footwear maker reported $0.20 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 for the quarter, compared to analysts’ expectations of $10.85 billion. During the same period in the prior year, the firm earned $0.14 earnings per share. The firm’s revenue was down 1.1% compared to the same quarter last year. As a group, equities research analysts expect that NIKE, Inc. will post 1.74 earnings per share for the current year.

NIKE Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 1st will be given a dividend of $0.41 per share. The ex-dividend date is Tuesday, September 1st. This represents a $1.64 dividend on an annualized basis and a dividend yield of 4.3%. NIKE’s dividend payout ratio (DPR) is currently 78.47%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in NKE. Scarborough Advisors LLC acquired a new position in NIKE in the first quarter valued at approximately $25,000. Cornerstone Financial Management LLC purchased a new stake in shares of NIKE during the 4th quarter worth approximately $26,000. Sankala Group LLC acquired a new position in shares of NIKE in the 4th quarter valued at $26,000. Meeder Asset Management Inc. boosted its holdings in shares of NIKE by 108.4% in the 1st quarter. Meeder Asset Management Inc. now owns 548 shares of the footwear maker’s stock valued at $29,000 after buying an additional 285 shares in the last quarter. Finally, J.Safra Asset Management Corp purchased a new position in shares of NIKE in the 4th quarter valued at $29,000. Hedge funds and other institutional investors own 64.25% of the company’s stock.

Insider Activity at NIKE

In related news, EVP Philip Mccartney sold 17,398 shares of the business’s stock in a transaction on Friday, June 12th. The shares were sold at an average price of $46.18, for a total value of $803,439.64. Following the completion of the sale, the executive vice president directly 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 legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 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, COO Venkatesh Alagirisamy sold 890 shares of the company’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 $37,024.00. Following the completion of the transaction, the chief operating officer owned 74,820 shares of the company’s stock, valued at $3,112,512. This represents a 1.18% 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. Insiders have sold 26,142 shares of company stock valued at $1,169,380 over the last quarter. 1.10% of the stock is owned by insiders.

More NIKE News

Here are the key news stories impacting NIKE this week:

Positive Sentiment: NIKE’s depressed valuation and improving margins are fueling a turnaround case. Recent inventory reductions, newer footwear launches and supply-chain initiatives could reduce discounting and support profitability over time. Nike Stock Is Down 78% From Its All-Time High
Positive Sentiment: Some investors view NKE’s steep 2026 underperformance as a potential long-term buying opportunity if management can restore brand momentum, improve product trends and stabilize margins. Nike Presents a Turnaround Bet after 2026 Slump
Neutral Sentiment: The inventory cleanup is creating near-term pressure through excess-product markdowns, but it could deliver longer-term gains by reducing bloated stock levels and improving gross margins. NIKE’s Inventory Cleanup: Short-Term Pain, Long-Term Gain Ahead?
Negative Sentiment: J.P. Morgan reaffirmed its “sell” rating, reinforcing concerns that the recovery is not yet established and that the stock may not have reached a durable bottom. J.P. Morgan Remains a Sell on Nike
Negative Sentiment: Bearish commentary points to continued underperformance versus the broader market, uncertain consumer demand and four fundamental reasons suggesting that NKE has not definitively bottomed. Why Nike Stock Hasn’t Bottomed Yet

Analysts Set New Price Targets

NKE has been the topic of a number of recent research reports. Barclays cut their price target 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. Piper Sandler reduced their target price on shares of NIKE from $50.00 to $45.00 and set a “neutral” rating on the stock in a report on Wednesday, July 1st. Rothschild & Co Redburn dropped their price target 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. China Renaissance cut their price objective on NIKE from $50.30 to $47.30 and set a “hold” rating on the stock in a research report on Thursday, July 2nd. Finally, Zacks Research upgraded NIKE from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 19th. One research analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, twenty have assigned a Hold rating and four have given a Sell rating to the company. According to MarketBeat.com, NIKE currently has a consensus rating of “Hold” and an average target price of $52.94.

Get Our Latest Report on NKE

About Representative Hern

Kevin Hern (Republican Party) is a member of the U.S. House, representing Oklahoma’s 1st Congressional District. He assumed office on November 13, 2018. His current term ends on January 3, 2027.

Hern (Republican Party) is running for re-election to the U.S. House to represent Oklahoma’s 1st Congressional District. He declared candidacy for the 2026 election.

Kevin Hern went into business as a McDonald’s franchisee in 1999. He acquired 10 McDonald’s franchises by 2012. He served on the McDonald’s National Leadership Team for 13 years, including the tax policy team, the insurance corporation, and as chairman of the economics team. From 2011 to 2015, he was chairman of the finance committee of the Oklahoma Turnpike Authority.

About NIKE

(Get Free Report)

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).