Elevation Point Wealth Partners LLC Grows Stake in NIKE, Inc. $NKE

Posted by Donna Armstrong on Jul 4th, 2026

Elevation Point Wealth Partners LLC grew its stake in shares of NIKE, Inc. (NYSE:NKE – Free Report) by 564.9% during the first quarter, HoldingsChannel reports. The firm owned 78,190 shares of the footwear maker’s stock after buying an additional 66,431 shares during the period. Elevation Point Wealth Partners LLC’s holdings in NIKE were worth $4,139,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. J. Stern & Co. LLP grew its position 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 valued at $3,061,555,000 after acquiring an additional 47,956,692 shares in the last quarter. Norges Bank acquired a new position in shares of NIKE during the fourth quarter worth $829,956,000. Harris Associates L P purchased a new position in shares of NIKE in the second quarter valued at $621,525,000. Capital World Investors boosted 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 valued at $3,126,246,000 after purchasing an additional 6,830,938 shares during the period. Finally, Jasper Ridge Partners L.P. grew its holdings 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 in the last quarter. Hedge funds and other institutional investors own 64.25% of the company’s stock.

NIKE Trading Up 0.1%

Shares of NYSE NKE opened at $44.12 on Friday. The stock’s 50 day moving average price is $43.86 and its two-hundred day moving average price is $53.16. NIKE, Inc. has a 52-week low of $40.00 and a 52-week high of $80.17. The stock has a market capitalization of $65.34 billion, a P/E ratio of 21.11, a PEG ratio of 2.49 and a beta of 1.12. The company has a quick ratio of 1.45, a current ratio of 1.96 and a debt-to-equity ratio of 0.40.

NIKE (NYSE:NKE – Get Free Report) last issued its earnings results on Tuesday, June 30th. The footwear maker reported $0.20 EPS for the quarter, topping the consensus estimate of $0.11 by $0.09. NIKE had a return on equity of 16.54% and a net margin of 6.70%.The company had revenue of $10.97 billion during the quarter, compared to analyst estimates of $10.85 billion. During the same quarter last year, the firm earned $0.14 EPS. The business’s revenue was down 1.1% on a year-over-year basis. On average, analysts anticipate that NIKE, Inc. will post 1.8 earnings per share for the current fiscal year.

NIKE Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 1st. Investors of record on Monday, June 1st were paid a dividend of $0.41 per share. The ex-dividend date was Monday, June 1st. This represents a $1.64 annualized dividend and a yield of 3.7%. NIKE’s dividend payout ratio (DPR) is 78.47%.

NIKE News Summary

Here are the key news stories impacting NIKE this week:

Positive Sentiment: NIKE’s fiscal Q4 results beat analyst expectations, with revenue and EPS coming in ahead of forecasts, which has helped support the shares and reinforced hopes that the turnaround is starting to take hold. Stock Market Today, July 1: Nike Jumps After Quarterly Results Beat Analyst Estimates
Positive Sentiment: Several commentaries argue the recent selloff may have gone too far, with some analysts and market watchers calling NIKE a rebound candidate after a difficult year. Prediction: Nike Stock Set for 25% Rebound After Brutal Year
Neutral Sentiment: Reports highlight that NIKE’s digital sales fell while the company continues shifting its mix between direct-to-consumer and wholesale channels, suggesting the turnaround is still incomplete. Nike Digital Drops 12% as Brands Rebalance D2C and Wholesale
Negative Sentiment: Barclays reportedly cut its price target on NIKE, signaling lower near-term expectations from one of the long-time bullish banks on the name. Barclays cuts Nike stock price target from $67 to $52
Negative Sentiment: 7-Eleven filed a trademark lawsuit accusing NIKE of copying branding elements in an upcoming Air Max 95 design, adding legal overhang and potential distraction for the company. 7-Eleven sues Nike over alleged Air Max 95 design infringing brand colors

Insider Transactions at NIKE

In other news, EVP Philip Mccartney sold 17,398 shares of the firm’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 trade represents a 24.67% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed 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, Director Robert Holmes Swan purchased 11,781 shares of the firm’s stock in a transaction dated Tuesday, April 7th. The stock was acquired at an average cost of $42.44 per share, with a total value of $499,985.64. Following the completion of the acquisition, the director directly owned 55,074 shares in the company, valued at approximately $2,337,340.56. This trade represents a 27.21% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have acquired a total of 64,441 shares of company stock valued at $2,734,204 over the last quarter. Insiders own 0.80% of the company’s stock.

Analyst Ratings Changes

Several research firms recently issued reports on NKE. Piper Sandler dropped their price target on shares of NIKE from $50.00 to $45.00 and set a “neutral” rating on the stock in a research note on Wednesday. The Goldman Sachs Group lowered their target price on NIKE from $46.00 to $42.00 and set a “neutral” rating for the company in a research note on Wednesday. HSBC lowered NIKE from a “buy” rating to a “hold” rating and dropped their target price for the stock from $90.00 to $48.00 in a research report on Monday, April 13th. Stifel Nicolaus set a $45.00 price target on NIKE and gave the stock a “hold” rating in a research note on Wednesday. Finally, Bank of America reduced their price target on NIKE from $55.00 to $47.00 and set a “neutral” rating for the company in a report on Wednesday. Fourteen investment analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $55.42.

Read Our Latest Report on NIKE

NIKE Profile

(Free Report)

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).