NIKE, Inc. $NKE Shares Sold by Ferguson Wellman Capital Management Inc.

Ferguson Wellman Capital Management Inc. reduced its stake in shares of NIKE, Inc. (NYSE:NKE) by 93.4% in the 2nd quarter, Holdings Channel reports. The fund owned 39,677 shares of the footwear maker’s stock after selling 565,998 shares during the period. Ferguson Wellman Capital Management Inc.’s holdings in NIKE were worth $1,629,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently bought and sold shares of the stock. Cornerstone Financial Management LLC purchased a new stake in NIKE in the 4th quarter worth approximately $26,000. Sankala Group LLC purchased a new position in shares of NIKE during the 4th quarter valued at approximately $26,000. J.Safra Asset Management Corp purchased a new position in shares of NIKE during the 4th quarter valued at approximately $29,000. Kemnay Advisory Services Inc. acquired a new position in shares of NIKE in the 4th quarter valued at $30,000. Finally, Scarborough Advisors LLC acquired a new position in shares of NIKE in the 1st quarter valued at $25,000. 64.25% of the stock is owned by institutional investors and hedge funds.

NIKE Stock Performance

NYSE:NKE opened at $39.57 on Friday. 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 has a fifty day moving average of $41.91 and a two-hundred day moving average of $47.11. The stock has a market capitalization of $58.70 billion, a PE ratio of 18.93, a P/E/G ratio of 1.76 and a beta of 1.11. NIKE, Inc. has a fifty-two week low of $38.17 and a fifty-two week high of $79.13.

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

NIKE Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Tuesday, September 1st will be paid a $0.41 dividend. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $1.64 dividend on an annualized basis and a yield of 4.1%. NIKE’s dividend payout ratio (DPR) is currently 78.47%.

Insider Activity at NIKE

In other NIKE news, COO Venkatesh Alagirisamy sold 890 shares of the business’s stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $41.60, for a total transaction of $37,024.00. Following the completion of the sale, the chief operating officer directly owned 74,820 shares in the company, valued at approximately $3,112,512. The trade was a 1.18% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Philip Mccartney sold 17,398 shares of the stock in a transaction that occurred 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 transaction, 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 position. The SEC filing for this sale provides additional information. 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. Over the last 90 days, insiders sold 26,142 shares of company stock valued at $1,169,380. 1.10% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on NKE. Weiss Ratings raised shares of NIKE from a “sell (d)” rating to a “sell (d+)” rating in a report on Friday, July 17th. Oppenheimer decreased their price objective on shares of NIKE from $120.00 to $60.00 and set an “outperform” rating for the company in a research report on Friday, June 26th. Sanford C. Bernstein reiterated an “outperform” rating and issued a $68.00 price objective (down from $72.00) on shares of NIKE in a research report on Wednesday, July 29th. Deutsche Bank Aktiengesellschaft raised their target price on NIKE from $43.00 to $45.00 and gave the company a “hold” rating in a research report on Friday, July 17th. Finally, China Renaissance cut their price target on NIKE from $50.30 to $47.30 and set a “hold” rating for the company in a research note on Thursday, July 2nd. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, twenty have issued a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $52.94.

NIKE News Roundup

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: Traders purchased 182,729 NKE call options, 59% above typical daily call volume. The activity may reflect increased bullish speculation, although options positioning does not guarantee sustained buying in the shares.
• Positive Sentiment: Grupo SBF extended its exclusive Nike distribution agreement in Brazil through 2034. The longer arrangement provides continued access to an important Latin American market and supports Nike’s regional distribution network. Grupo SBF Extends Exclusive Nike Distribution Deal in Brazil to 2034
• Neutral Sentiment: NIKE said it will release fiscal first-quarter 2027 results on October 1 after the market close, followed by a management conference call. Investors will look for evidence that the company’s turnaround is improving sales, inventory levels and margins. NIKE Announces First Quarter Fiscal 2027 Earnings and Conference Call
• Neutral Sentiment: NIKE appointed Walmart veteran Jane Ewing as chief commercial officer to help lead its comeback. The hire could strengthen execution and retail strategy, but investors are likely to want measurable results before assigning significant value to the turnaround. Nike Taps Walmart Veteran to Help Drive Comeback
• Negative Sentiment: Reports say Nike’s China business continues to shrink as domestic competitors gain market share and the brand struggles to remain locally relevant. China weakness threatens a key source of long-term growth. Why America’s Biggest Brands Keep Losing in China
• Negative Sentiment: Analysts and market commentary continue to cite soft consumer confidence, weaker traffic, excess legacy inventory and doubts about product innovation. These concerns reinforce expectations for a prolonged recovery and have contributed to reduced price targets and bearish sentiment.

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).