Palumbo Wealth Management LLC Cuts Stake in NIKE, Inc. $NKE

Palumbo Wealth Management LLC lowered its position in NIKE, Inc. (NYSE:NKE) by 21.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 57,055 shares of the footwear maker’s stock after selling 15,316 shares during the quarter. NIKE makes up approximately 0.9% of Palumbo Wealth Management LLC’s portfolio, making the stock its 26th biggest position. Palumbo Wealth Management LLC’s holdings in NIKE were worth $3,635,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Mizuho Markets Cayman LP bought a new stake in NIKE in the third quarter valued at approximately $34,200,000. Exchange Traded Concepts LLC lifted its position in NIKE by 697.5% in the third quarter. Exchange Traded Concepts LLC now owns 228,889 shares of the footwear maker’s stock valued at $15,960,000 after purchasing an additional 200,187 shares during the last quarter. Strive Asset Management LLC bought a new stake in NIKE in the third quarter valued at approximately $1,743,000. Soros Fund Management LLC lifted its position in NIKE by 33.0% in the second quarter. Soros Fund Management LLC now owns 302,320 shares of the footwear maker’s stock valued at $21,477,000 after purchasing an additional 75,000 shares during the last quarter. Finally, Brighton Jones LLC lifted its position in NIKE by 54.6% in the third quarter. Brighton Jones LLC now owns 104,791 shares of the footwear maker’s stock valued at $7,307,000 after purchasing an additional 37,019 shares during the last quarter. Hedge funds and other institutional investors own 64.25% of the company’s stock.

NIKE Price Performance

Shares of NYSE:NKE opened at $42.68 on Wednesday. NIKE, Inc. has a 1-year low of $42.36 and a 1-year high of $80.17. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.14 and a quick ratio of 1.40. The business has a fifty day moving average price of $57.60 and a 200-day moving average price of $62.66. The company has a market capitalization of $63.18 billion, a PE ratio of 28.26, a PEG ratio of 2.34 and a beta of 1.31.

NIKE (NYSE:NKE) last issued its quarterly earnings results on Tuesday, March 31st. The footwear maker reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.29 by $0.06. NIKE had a return on equity of 16.41% and a net margin of 4.84%.The firm had revenue of $11.28 billion during the quarter, compared to the consensus estimate of $11.23 billion. During the same period last year, the company earned $0.54 earnings per share. The company’s revenue was up .1% on a year-over-year basis. As a group, equities analysts expect that NIKE, Inc. will post 2.05 EPS for the current fiscal year.

NIKE Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 1st. Stockholders of record on Monday, March 2nd were issued a dividend of $0.41 per share. The ex-dividend date was Monday, March 2nd. This represents a $1.64 annualized dividend and a dividend yield of 3.8%. NIKE’s dividend payout ratio (DPR) is presently 108.61%.

Analyst Ratings Changes

NKE has been the subject of several recent research reports. UBS Group lowered their price objective on NIKE from $58.00 to $54.00 and set a “neutral” rating for the company in a research report on Wednesday, April 1st. Truist Financial lowered their price objective on NIKE from $69.00 to $57.00 and set a “buy” rating for the company in a research report on Wednesday, April 1st. Williams Trading lowered their price objective on NIKE from $80.00 to $57.00 and set a “buy” rating for the company in a research report on Wednesday, April 1st. Royal Bank Of Canada reiterated a “buy” rating on shares of NIKE in a research report on Wednesday, April 1st. Finally, Wells Fargo & Company decreased their target price on NIKE from $65.00 to $55.00 and set an “overweight” rating for the company in a report on Wednesday, April 1st. Nineteen investment analysts have rated the stock with a Buy rating, fifteen have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $63.25.

Key Stories Impacting NIKE

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: Cost‑cutting plan could restore margins by FY27 — Nike’s sweeping workforce reductions, supply‑chain reset and other expense cuts are expected to start meaningfully improving profitability in fiscal 2027, which gives investors a path to earnings recovery. Can NIKE’s Cost‑Cutting Plan Reignite Profitability in FY27?
• Positive Sentiment: Higher dividend yield may attract income buyers — The stock’s decline has pushed Nike’s yield to nearly 4%, making the shares more attractive to yield‑oriented investors even as growth lags. This Wannabe Dividend Aristocrat Yields Nearly 4%: Should You Buy?
• Neutral Sentiment: Analysts flag important technical and valuation levels — Commentary points to key price supports and resistance to watch as the company’s strategy shift continues to weigh on the near‑term outlook. These are tactical signals for traders rather than new fundamental changes. Watch These Nike Stock Price Levels as Strategy Shift Weighs on Outlook
• Neutral Sentiment: CICC lowered rating to Market Perform (PT cut to $58) — The downgrade signals reduced conviction in the near term but leaves a higher price target than current levels, creating mixed analyst signals. CICC Downgrades Nike
• Negative Sentiment: 52‑week lows and broad selloff pressure — Market coverage notes NKE among names hitting year‑lows today as investors dump shares amid the ongoing turnaround uncertainty. NKE, TTD, GRAB hit 52‑week lows
• Negative Sentiment: Revenue growth remains weak despite an EPS beat — Recent analyst writeups call out “particularly disheartening” lack of top‑line growth, which keeps investor skepticism high about the timing and quality of a sustained recovery. Nike Earnings Summary
• Negative Sentiment: New data‑breach class action raises legal and brand risks — A nationwide lawsuit alleges Nike didn’t adequately protect customer PII in a recent breach, adding near‑term litigation and reputational overhang separate from operations and guidance. Nike Data Breach Lawsuit Adds Fresh Risk
• Negative Sentiment: Ongoing skepticism about turnaround and China exposure — Multiple pieces highlight management’s long road to restore growth, China/geographic exposure risks, and activist/SEC‑style investor scrutiny (investigation notice for shareholder claims), all pressuring sentiment. Is the Problem With Nike’s Stock That It Has Too Much Exposure to China? Shareholder Investigation Notice

About NIKE

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).