NIKE (NYSE:NKE) Insider Amy Montagne Sells 4,867 Shares of Stock

NIKE, Inc. (NYSE:NKE) insider Amy Montagne sold 4,867 shares of the business’s stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $42.05, for a total transaction of $204,657.35. Following the sale, the insider directly owned 57,436 shares of the company’s stock, valued at approximately $2,415,183.80. This trade represents a 7.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

NIKE Price Performance

Shares of NKE stock opened at $41.29 on Wednesday. The firm’s 50 day moving average price is $43.06 and its two-hundred day moving average price is $49.13. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.36 and a current ratio of 1.96. NIKE, Inc. has a 52-week low of $40.00 and a 52-week high of $80.17. The stock has a market cap of $61.25 billion, a PE ratio of 19.76, a PEG ratio of 1.87 and a beta of 1.11.

NIKE (NYSE:NKE) last issued its earnings results on Tuesday, June 30th. The footwear maker reported $0.20 EPS for the quarter, beating the consensus estimate of $0.11 by $0.09. The company 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% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.14 EPS. As a group, analysts forecast that NIKE, Inc. will post 1.74 EPS for the current year.

NIKE Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Tuesday, September 1st will be paid 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 78.47%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. UBS Group set a $48.00 target price on NIKE and gave the stock a “neutral” rating in a report on Wednesday, July 1st. Evercore set a $46.00 price objective on shares of NIKE and gave the stock an “in-line” rating in a research note on Tuesday, June 23rd. Wall Street Zen upgraded shares of NIKE from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. Oppenheimer lowered their target price on shares of NIKE from $120.00 to $60.00 and set an “outperform” rating for the company in a research note on Friday, June 26th. Finally, Guggenheim reissued a “buy” rating and set a $60.00 price target (down from $74.00) on shares of NIKE in a research report on Wednesday, July 1st. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, eighteen have given a Hold rating and five have given a Sell rating to the stock. According to data from MarketBeat.com, NIKE presently has a consensus rating of “Hold” and a consensus price target of $53.53.

Institutional Trading of NIKE

Large investors have recently bought and sold shares of the business. Brighton Jones LLC lifted its position in NIKE by 388.5% in the 4th quarter. Brighton Jones LLC now owns 202,411 shares of the footwear maker’s stock valued at $15,316,000 after acquiring an additional 160,980 shares in the last quarter. Caxton Associates LLP bought a new position in NIKE during the 1st quarter worth about $311,000. United Bank increased its holdings in NIKE by 11.3% during the 2nd quarter. United Bank now owns 17,067 shares of the footwear maker’s stock worth $1,212,000 after purchasing an additional 1,736 shares in the last quarter. NewEdge Advisors LLC raised its stake in shares of NIKE by 0.3% in the 2nd quarter. NewEdge Advisors LLC now owns 64,161 shares of the footwear maker’s stock valued at $4,558,000 after purchasing an additional 197 shares during the period. Finally, CIBC Asset Management Inc lifted its holdings in shares of NIKE by 6.5% in the second quarter. CIBC Asset Management Inc now owns 191,268 shares of the footwear maker’s stock valued at $13,588,000 after purchasing an additional 11,646 shares in the last quarter. 64.25% of the stock is owned by institutional investors.

NIKE News Summary

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: NIKE’s planned signature shoe partnership with basketball star Victor Wembanyama could strengthen its connection with younger consumers and support a refreshed basketball strategy. The investment provides a potential growth catalyst as the company seeks to rebuild momentum. What Does Nike Gain From Its Victor Wembanyama Signature Shoe Bet?
• Positive Sentiment: NIKE is upgrading its international logistics network to improve inventory flow, reduce markdowns and support profit margins. Successful execution could help offset ongoing pressure on international sales. Are International Logistics Improvements Paying Off for NIKE?
• Neutral Sentiment: Investors continue to closely track NIKE’s turnaround, including its efforts to improve product innovation, manage inventory and restore brand momentum. Commentary comparing NIKE with other struggling footwear companies highlights both its scale and the challenges facing the sector. Why Is Nike the Consumer Name Markets Track Through Its Turnaround? Nike, Lululemon, Deckers, and On Holding Have All Plunged
• Neutral Sentiment: NIKE announced changes in key finance roles, including the planned resignation of Vice President and Chief Accounting Officer Johanna Nielsen. The transition may draw attention to financial controls and execution, although no immediate business impact was reported. Nike Announces Leadership Changes in Key Finance Roles
• Negative Sentiment: NIKE continues to lose ground in Greater China, where local competitors are gaining share while brands such as Lululemon and Amer Sports report stronger regional growth. Persistent China weakness is a major concern for revenue and brand momentum. China’s Athleisure Boom Is Not Lifting Every Brand Equally
• Negative Sentiment: NIKE underperformed the broader market amid a selloff in footwear stocks, reflecting investor concerns about demand, competition and the pace of its recovery. An insider’s sale of 4,867 shares adds a modest negative signal, though the executive retained a substantial stake. Nike Suffers a Larger Drop Than the General Market NIKE Insider Sale Filing

NIKE Company 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).