Primecap Management Co. CA Sells 556,200 Shares of NIKE, Inc. $NKE

Primecap Management Co. CA lowered its position in NIKE, Inc. (NYSE:NKE) by 31.3% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 1,219,930 shares of the footwear maker’s stock after selling 556,200 shares during the quarter. Primecap Management Co. CA owned about 0.08% of NIKE worth $85,066,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in NKE. Twin Peaks Wealth Advisors LLC purchased a new position in shares of NIKE in the second quarter worth about $31,000. Guerra Advisors Inc bought a new position in NIKE in the 3rd quarter worth approximately $34,000. Abich Financial Wealth Management LLC purchased a new position in NIKE in the 3rd quarter valued at approximately $43,000. NewSquare Capital LLC raised its holdings in NIKE by 54.4% during the 2nd quarter. NewSquare Capital LLC now owns 732 shares of the footwear maker’s stock valued at $52,000 after acquiring an additional 258 shares during the period. Finally, Field & Main Bank lifted its position in shares of NIKE by 36.4% during the second quarter. Field & Main Bank now owns 750 shares of the footwear maker’s stock worth $53,000 after acquiring an additional 200 shares in the last quarter. 64.25% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. KeyCorp reduced their price target on NIKE from $90.00 to $75.00 and set an “overweight” rating for the company in a research report on Thursday, January 22nd. Williams Trading reduced their target price on NIKE from $100.00 to $80.00 and set a “buy” rating for the company in a report on Friday, December 19th. Citigroup reiterated a “neutral” rating and set a $65.00 price target (down from $70.00) on shares of NIKE in a research report on Friday, December 19th. Sanford C. Bernstein restated a “buy” rating and issued a $85.00 price objective on shares of NIKE in a research report on Tuesday, January 6th. Finally, Raymond James Financial reaffirmed a “market perform” rating on shares of NIKE in a research note on Monday, December 15th. One investment analyst has rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $74.61.

NIKE Stock Up 0.8%

NKE stock opened at $63.93 on Friday. The company’s 50 day moving average is $63.23 and its 200 day moving average is $67.17. The stock has a market cap of $94.64 billion, a price-to-earnings ratio of 37.61, a price-to-earnings-growth ratio of 3.25 and a beta of 1.27. The company has a current ratio of 2.06, a quick ratio of 1.40 and a debt-to-equity ratio of 0.50. NIKE, Inc. has a 1-year low of $52.28 and a 1-year high of $81.49.

NIKE (NYSE:NKE) last announced its earnings results on Thursday, December 18th. The footwear maker reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.16. The business had revenue of $12.43 billion during the quarter, compared to analyst estimates of $12.19 billion. NIKE had a net margin of 5.43% and a return on equity of 18.43%. NIKE’s revenue for the quarter was up .6% on a year-over-year basis. During the same period in the previous year, the business posted $0.78 earnings per share. Sell-side analysts predict that NIKE, Inc. will post 2.05 EPS for the current fiscal year.

NIKE Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Monday, March 2nd will be given a $0.41 dividend. The ex-dividend date is Monday, March 2nd. This represents a $1.64 annualized dividend and a yield of 2.6%. NIKE’s payout ratio is 96.47%.

Insider Activity at NIKE

In other news, Director Timothy D. Cook acquired 50,000 shares of NIKE stock in a transaction dated Monday, December 22nd. The shares were purchased at an average cost of $58.97 per share, for a total transaction of $2,948,500.00. Following the transaction, the director owned 105,480 shares of the company’s stock, valued at $6,220,155.60. This trade represents a 90.12% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Elliott Hill acquired 16,388 shares of the firm’s stock in a transaction that occurred on Monday, December 29th. The shares were purchased at an average cost of $61.10 per share, for a total transaction of $1,001,306.80. Following the completion of the acquisition, the chief executive officer owned 241,587 shares in the company, valued at $14,760,965.70. This represents a 7.28% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have bought a total of 75,079 shares of company stock valued at $4,449,887 over the last 90 days. 0.80% of the stock is owned by insiders.

NIKE News Roundup

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: Bullish retail take — a recent Yahoo piece argues that, with short‑term noise fading, Nike’s strategic progress and valuation look attractive to buyers. Here’s Why I’m Looking at Nike Stock, Now That the Noise Has Died Down
• Positive Sentiment: Investor attention is rising — Zacks highlights NKE as one of its most‑searched names, which can support momentum and liquidity. NIKE, Inc. (NKE) is Attracting Investor Attention: Here is What You Should Know
• Positive Sentiment: Analyst/sector narratives see upside — MarketBeat includes NKE among potential retail comeback candidates for 2026, a sentiment that can attract recovery‑focused money. Can These 3 Names Be 2026’s Biggest Retail Comebacks? (NKE)
• Positive Sentiment: Recent performance highlight — coverage noting NKE outpacing the market supports the bullish narrative on momentum. Nike (NKE) Outpaces Stock Market Gains: What You Should Know
• Neutral Sentiment: Upcoming catalyst — Nike confirmed its Q3 FY26 results and conference call scheduled for April 2; this event is likely to drive short‑term volatility around guidance, China trends and margins. NIKE, Inc. Announces Third Quarter Fiscal 2026 Earnings and Conference Call
• Neutral Sentiment: Dividend vs. tariffs discussion — analysis questions whether Nike’s dividend move changes the margin expansion story amid tariff uncertainty, leaving investors split on the durability of margin recovery. Did Nike’s Dividend Amid Tariff Shifts Just Recast NKE’s Margin Expansion Story?
• Negative Sentiment: Tariff shock risk — coverage flags a proposed 15% global import tariff that would force a valuation reassessment and add direct margin pressure if enacted. Nike (NKE) Valuation Reconsidered After New 15% Global Import Tariff Sparks Fresh Trade Uncertainty
• Negative Sentiment: Fund exit and downgrade noise — Madison Large Cap Fund’s exit and a Seeking Alpha downgrade to “hold” highlight continued concerns about China slowdown, tariff volatility and margin pressure. Here’s Why Madison Large Cap Fund Chose to Exit Nike (NKE) Nike: ‘Win Now,’ Buy Later (Rating Downgrade)
• Negative Sentiment: Supply‑chain cost risk — reporting on Nike’s Japan clean‑energy push notes costly supply‑chain shifts that could raise operating costs and compress near‑term margins. Nike Balances Japan Clean Energy Push With Costly Supply Chain Shift

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).