Kiltearn Partners LLP Makes New Investment in NIKE, Inc. $NKE

Kiltearn Partners LLP bought a new position in shares of NIKE, Inc. (NYSE:NKE) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 111,171 shares of the footwear maker’s stock, valued at approximately $4,564,000. NIKE makes up 1.1% of Kiltearn Partners LLP’s investment portfolio, making the stock its 24th largest holding.

Several other hedge funds also recently made changes to their positions in NKE. Madison Asset Management LLC acquired a new position in NIKE in the 2nd quarter valued at $3,370,000. Flossbach Von Storch SE bought a new stake in shares of NIKE during the 2nd quarter valued at $488,714,000. Main Street Financial Solutions LLC acquired a new stake in shares of NIKE during the 2nd quarter worth $311,000. Equity Investment Corp acquired a new stake in shares of NIKE during the 2nd quarter worth $99,531,000. Finally, Gould Capital LLC increased its position in shares of NIKE by 79.0% in the second quarter. Gould Capital LLC now owns 1,133 shares of the footwear maker’s stock worth $47,000 after purchasing an additional 500 shares during the period. 64.25% of the stock is owned by institutional investors.

More NIKE News

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: Some investors see potential value after the steep selloff. Nike’s compressed valuation could support a rebound if new products, management initiatives and operational improvements eventually restore sales momentum. Several large institutions, including Capital World Investors and JPMorgan, reportedly added shares during the latest quarter. Nike Stock Opinions on Prolonged Stock Decline
• Positive Sentiment: Zacks Research upgraded NKE from “strong sell” to “hold,” offering a modest improvement in analyst sentiment. Recent insider purchases, including shares bought by CEO Elliott Hill, may also signal confidence in the company’s long-term recovery potential. Zacks Research
• Neutral Sentiment: Analyst views remain sharply divided. Reported price targets range from $23 to $75, while the median target is about $47.50, indicating substantial potential upside but also significant uncertainty about the timing and strength of a recovery.
• Negative Sentiment: Recent commentary argues that NKE is not yet a clear bargain because structural problems could push the stock lower. Nike faces sluggish revenue growth, intensifying competition, weakness in Asia and difficulties rebuilding its direct-to-consumer business. Nike Is Back at Its 2014 Price and Still Isn’t Cheap
• Negative Sentiment: Wall Street reportedly expects earnings to decline another 18%, reinforcing concerns that the recovery will be prolonged rather than immediate. JPMorgan’s outlook reportedly calls for stabilization by fiscal 2028—not a full recovery—while analysts warn there is no quick fix. Nike Just Hit a 12-Year Low
• Negative Sentiment: Nike’s latest quarterly revenue fell about 1.1% year over year, and the company is pulling back on its small neighborhood-store concept. Institutional trading is also mixed, with more investors reducing positions than adding them, adding to the cautious tone.

Insider Activity at NIKE

In related news, CFO Matthew Friend sold 2,463 shares of the firm’s stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $41.60, for a total transaction of $102,460.80. Following the sale, the chief financial officer owned 82,165 shares of the company’s stock, valued at $3,418,064. This trade represents a 2.91% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Venkatesh Alagirisamy sold 890 shares of the business’s stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $41.60, for a total value of $37,024.00. Following the sale, the chief operating officer owned 74,820 shares in the company, valued at $3,112,512. This represents a 1.18% 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. Insiders have sold a total of 26,142 shares of company stock valued at $1,169,380 over the last three months. 1.10% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

NKE has been the subject of a number of analyst reports. DZ Bank reaffirmed a “buy” rating on shares of NIKE in a research note on Tuesday, June 30th. Sanford C. Bernstein reissued an “outperform” rating and issued a $68.00 target price (down from $72.00) on shares of NIKE in a report on Wednesday, July 29th. Jefferies Financial Group dropped their target price on shares of NIKE from $90.00 to $75.00 and set a “buy” rating for the company in a research report on Wednesday, July 1st. Bank of America dropped their target price on shares of NIKE from $55.00 to $47.00 and set a “neutral” rating for the company in a research report on Wednesday, July 1st. Finally, Argus upgraded shares of NIKE to a “strong-buy” rating in a research report on Wednesday, July 15th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, nineteen have assigned a Hold rating and four have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $53.53.

NIKE Stock Up 1.3%

Shares of NYSE NKE opened at $40.75 on Friday. The company has a market cap of $60.45 billion, a price-to-earnings ratio of 19.50, a PEG ratio of 1.81 and a beta of 1.11. The company has a current ratio of 1.96, a quick ratio of 1.36 and a debt-to-equity ratio of 0.40. NIKE, Inc. has a 12 month low of $38.86 and a 12 month high of $80.17. The stock has a 50-day moving average price of $42.47 and a two-hundred day moving average price of $47.93.

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

NIKE Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 1st will be paid a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend is Tuesday, September 1st. NIKE’s payout ratio is presently 78.47%.

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).