NIKE, Inc. $NKE Shares Purchased by Summit Securities Group LLC

Posted by Anthony Miller on Jul 10th, 2026

Summit Securities Group LLC raised its stake in NIKE, Inc. (NYSE:NKE – Free Report) by 2,262.0% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 22,226 shares of the footwear maker’s stock after acquiring an additional 21,285 shares during the period. Summit Securities Group LLC’s holdings in NIKE were worth $1,174,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in NKE. Cornerstone Financial Management LLC bought a new position in NIKE during the 4th quarter worth $26,000. Sankala Group LLC acquired a new stake in NIKE in the fourth quarter worth $26,000. J.Safra Asset Management Corp bought a new stake in NIKE in the fourth quarter valued at $29,000. Kemnay Advisory Services Inc. bought a new stake in NIKE in the fourth quarter valued at $30,000. Finally, Litman Gregory Wealth Management LLC acquired a new position in shares of NIKE during the fourth quarter valued at $32,000. 64.25% of the stock is owned by institutional investors.

NIKE Price Performance

Shares of NYSE NKE opened at $42.74 on Friday. NIKE, Inc. has a fifty-two week low of $40.00 and a fifty-two week high of $80.17. The firm’s 50-day simple moving average is $43.71 and its 200 day simple moving average is $52.46. The company has a quick ratio of 1.36, a current ratio of 1.96 and a debt-to-equity ratio of 0.40. The stock has a market cap of $63.30 billion, a P/E ratio of 20.45, a P/E/G ratio of 2.48 and a beta of 1.12.

NIKE (NYSE:NKE – Get Free Report) last announced its earnings results on Tuesday, June 30th. The footwear maker reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.09. The firm 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 revenue was down 1.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.14 EPS. Equities analysts expect that NIKE, Inc. will post 1.76 EPS for the current year.

NIKE Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 1st. Stockholders of record on Monday, June 1st were issued a $0.41 dividend. The ex-dividend date was Monday, June 1st. This represents a $1.64 annualized dividend and a dividend yield of 3.8%. NIKE’s dividend payout ratio (DPR) is 78.47%.

Analysts Set New Price Targets

Several research firms have recently commented on NKE. Telsey Advisory Group set a $47.00 price target on shares of NIKE and gave the stock a “market perform” rating in a research report on Wednesday, July 1st. CICC Research downgraded shares of NIKE from an “outperform” rating to a “market perform” rating and cut their price objective for the company from $69.00 to $58.00 in a research report on Monday, April 6th. Truist Financial reduced their target price on shares of NIKE from $69.00 to $57.00 and set a “buy” rating for the company in a research note on Wednesday, April 1st. The Goldman Sachs Group decreased their target price on shares of NIKE from $46.00 to $42.00 and set a “neutral” rating for the company in a research report on Wednesday, July 1st. Finally, Citigroup dropped their price target on shares of NIKE from $47.00 to $45.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 1st. Thirteen 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 currently has an average rating of “Hold” and a consensus price target of $54.80.

View Our Latest Research Report on NKE

NIKE News Summary

Here are the key news stories impacting NIKE this week:

Positive Sentiment: NIKE’s turnaround is showing traction in running, training, performance categories, and wholesale channels, which supports the longer-term recovery story. NIKE Trends to Watch as Sports Growth Fights Tariffs and China
Positive Sentiment: NIKE posted an earnings beat, and a Truist analyst reiterated a Buy rating with a $47 price target, showing some Wall Street confidence in the reset. Nike’s Management Cautious Despite Earnings Beat
Neutral Sentiment: Investors are closely watching NIKE because the name is drawing elevated attention after earnings, but the setup remains mixed. NIKE, Inc. (NKE) is Attracting Investor Attention: Here is What You Should Know
Neutral Sentiment: The company is returning cash to shareholders through dividends and buybacks, but this is not enough on its own to change the near-term stock narrative. How NIKE’s Capital Returns Show the Tax Tradeoff Between Dividends and Buybacks
Negative Sentiment: Recent commentary warns that weak estimates, channel pressure, China softness, and tariff risks make it hard to call NIKE a clear value opportunity right now. Is NKE Stock a Buy or Value Trap After Its 2026 Reset Effort?
Negative Sentiment: Analysts say NIKE’s 2026 outlook remains uneven, with weakness in Sportswear, NIKE Direct, and China still offsetting progress elsewhere. NIKE Stock Outlook 2026 as Recovery Stays Uneven Across Markets

Insider Buying and Selling

In related news, CEO Elliott Hill acquired 23,660 shares of the stock in a transaction that occurred on Monday, April 13th. The shares were acquired at an average price of $42.27 per share, for a total transaction of $1,000,108.20. Following the completion of the purchase, the chief executive officer directly owned 265,247 shares of the company’s stock, valued at $11,211,990.69. The trade was a 9.79% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Philip Mccartney sold 17,398 shares of the business’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $46.18, for a total value of $803,439.64. Following the sale, the executive vice president directly owned 53,133 shares in the company, valued at approximately $2,453,681.94. The trade was a 24.67% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 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. 0.80% of the stock is owned by company insiders.

NIKE Company 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).