Grandfield & Dodd LLC Grows Position in NIKE, Inc. $NKE

Grandfield & Dodd LLC raised its position in shares of NIKE, Inc. (NYSE:NKE) by 16.7% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 112,882 shares of the footwear maker’s stock after buying an additional 16,115 shares during the period. Grandfield & Dodd LLC’s holdings in NIKE were worth $4,634,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of NKE. J. Stern & Co. LLP lifted its stake in NIKE by 49,010.4% in the fourth quarter. J. Stern & Co. LLP now owns 48,054,542 shares of the footwear maker’s stock worth $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 worth about $829,956,000. Harris Associates L P bought a new stake in shares of NIKE in the 2nd quarter worth approximately $621,525,000. Capital World Investors grew its stake in shares of NIKE by 16.2% in the fourth quarter. Capital World Investors now owns 49,069,951 shares of the footwear maker’s stock worth $3,126,246,000 after acquiring an additional 6,830,938 shares during the last quarter. Finally, Jasper Ridge Partners L.P. grew its position in NIKE by 2,492.4% during the 4th quarter. Jasper Ridge Partners L.P. now owns 4,883,229 shares of the footwear maker’s stock valued at $311,111,000 after purchasing an additional 4,694,859 shares during the last quarter. Hedge funds and other institutional investors own 64.25% of the company’s stock.

NIKE Trading Down 4.0%

Shares of NKE stock opened at $39.11 on Tuesday. The company has a market cap of $58.02 billion, a PE ratio of 18.71, a price-to-earnings-growth ratio of 1.81 and a beta of 1.11. The stock’s 50 day simple moving average is $42.82 and its two-hundred day simple moving average is $48.45. NIKE, Inc. has a 1 year low of $38.86 and a 1 year high of $80.17. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.96 and a quick ratio of 1.36.

NIKE (NYSE:NKE) last posted its quarterly earnings data on Tuesday, June 30th. The footwear maker reported $0.20 EPS for the quarter, topping the consensus estimate of $0.11 by $0.09. The company had revenue of $10.97 billion during the quarter, compared to analyst estimates of $10.85 billion. NIKE had a net margin of 6.70% and a return on equity of 16.54%. NIKE’s quarterly revenue was down 1.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.14 earnings per share. Research analysts predict that NIKE, Inc. will post 1.74 earnings per share for the current year.

NIKE Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Tuesday, September 1st will be issued 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 yield of 4.2%. NIKE’s payout ratio is presently 78.47%.

Analyst Upgrades and Downgrades

Several analysts have commented on the company. BTIG Research reiterated a “buy” rating and set a $55.00 target price on shares of NIKE in a research note on Wednesday, July 1st. Wall Street Zen upgraded shares of NIKE from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. Berenberg Bank set a $49.00 price target on NIKE and gave the stock a “hold” rating in a research report on Friday, July 3rd. Citigroup reissued a “neutral” rating on shares of NIKE in a research note on Wednesday, July 22nd. Finally, Weiss Ratings raised NIKE from a “sell (d)” rating to a “sell (d+)” rating in a research note on Friday, July 17th. One research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, eighteen have given a Hold rating and five have given a Sell rating to the stock. According to MarketBeat, NIKE has a consensus rating of “Hold” and a consensus price target of $53.53.

Key Headlines Impacting NIKE

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: NIKE is emphasizing athlete-led product innovation, new technologies and localized market strategies to reignite consumer demand. A stronger product pipeline could support a gradual recovery if new launches gain traction. Is NIKE Winning Back Consumers Through Product Innovation?
• Positive Sentiment: A rebound in wholesale business provides a potential offset to weaker digital and direct-to-consumer sales, although investors have so far focused more heavily on the latter weakness. China Weakness Overshadows Wholesale Rebound
• Neutral Sentiment: Reports raised questions about an alleged “cookie stuffing” scheme involving e-commerce startup Phia, which may have inserted tracking cookies without valid referrals. The allegations could affect the attribution of affiliate sales and prompt scrutiny of NIKE’s digital controls, but the financial impact remains unclear. What Does Nike Cookie Stuffing Exposure Mean For Investors?
• Negative Sentiment: Persistent weakness in direct-to-consumer sales and China, alongside pressure across international markets, has deepened doubts about the pace and effectiveness of NIKE’s turnaround. The stock has lost roughly 78% from its 2021 record high and reached its lowest level in more than a decade. Nike Shares Hit 11-Year Low as Turnaround Doubts Deepen
• Negative Sentiment: A weak revenue outlook from rival On Holding added pressure to the broader athletic-apparel sector, reinforcing concerns about consumer demand and competition. Why Is Nike Stock Falling?

Insider Activity at NIKE

In other news, EVP Philip Mccartney sold 17,398 shares of the company’s 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 directly owned 53,133 shares in the company, valued at approximately $2,453,681.94. This represents a 24.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 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, insider Amy Montagne sold 4,867 shares of the business’s stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $42.05, for a total transaction of $204,657.35. Following the completion of 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 26,142 shares of company stock valued at $1,169,380 over the last ninety days. Company insiders own 1.10% of the company’s stock.

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).