Kimelman & Baird LLC Has $81,000 Position in NIKE, Inc. $NKE

Kimelman & Baird LLC lowered its position in NIKE, Inc. (NYSE:NKE) by 99.0% in the second quarter, Holdings Channel.com reports. The institutional investor owned 1,968 shares of the footwear maker’s stock after selling 188,026 shares during the period. Kimelman & Baird LLC’s holdings in NIKE were worth $81,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Main Street Financial Solutions LLC increased its holdings in shares of NIKE by 4.2% in the second quarter. Main Street Financial Solutions LLC now owns 3,441 shares of the footwear maker’s stock worth $244,000 after acquiring an additional 139 shares in the last quarter. ANB Bank lifted its holdings in shares of NIKE by 0.7% during the 4th quarter. ANB Bank now owns 25,451 shares of the footwear maker’s stock valued at $1,621,000 after purchasing an additional 165 shares in the last quarter. Cornerstone Wealth Management LLC lifted its holdings in shares of NIKE by 4.4% during the 4th quarter. Cornerstone Wealth Management LLC now owns 3,970 shares of the footwear maker’s stock valued at $253,000 after purchasing an additional 169 shares in the last quarter. Activest Wealth Management grew its position in shares of NIKE by 27.4% in the 4th quarter. Activest Wealth Management now owns 810 shares of the footwear maker’s stock valued at $52,000 after purchasing an additional 174 shares during the period. Finally, Blue Bell Private Wealth Management LLC grew its position in shares of NIKE by 14.1% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 1,416 shares of the footwear maker’s stock valued at $90,000 after purchasing an additional 175 shares during the period. Institutional investors and hedge funds own 64.25% of the company’s stock.

NIKE News Summary

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.

Insider Activity at NIKE

In related news, EVP Philip Mccartney sold 17,398 shares of the company’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 owned 53,133 shares in the company, valued at approximately $2,453,681.94. This represents a 24.67% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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, CFO Matthew Friend sold 2,463 shares of the stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $41.60, for a total value of $102,460.80. Following the transaction, the chief financial officer owned 82,165 shares in the company, valued at approximately $3,418,064. This trade represents a 2.91% 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 26,142 shares of company stock valued at $1,169,380 in the last ninety days. Company insiders own 1.10% of the company’s stock.

NIKE Trading Up 2.9%

NYSE NKE opened at $39.57 on Friday. The company has a market cap of $58.70 billion, a PE ratio of 18.93, a PEG ratio of 1.71 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 $38.17 and a 12 month high of $79.13. The stock has a 50 day moving average of $41.91 and a 200-day moving average of $47.11.

NIKE (NYSE:NKE) last posted its quarterly earnings results on Tuesday, June 30th. The footwear maker reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.09. NIKE had a return on equity of 16.54% and a net margin of 6.70%.The business had revenue of $10.97 billion during the quarter, compared to analysts’ expectations of $10.85 billion. During the same quarter last year, the company posted $0.14 earnings per share. NIKE’s quarterly revenue was down 1.1% on a year-over-year basis. On average, equities research analysts anticipate that NIKE, Inc. will post 1.74 EPS for the current fiscal year.

NIKE Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 1st will be issued a $0.41 dividend. This represents a $1.64 annualized dividend and a dividend yield of 4.1%. The ex-dividend date is Tuesday, September 1st. NIKE’s payout ratio is currently 78.47%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on NKE shares. Guggenheim reissued a “buy” rating and set a $60.00 target price (down from $74.00) on shares of NIKE in a research note on Wednesday, July 1st. Stifel Nicolaus set a $45.00 price target on shares of NIKE and gave the company a “hold” rating in a report on Wednesday, July 1st. Evercore set a $46.00 price target on shares of NIKE and gave the company an “in-line” rating in a report on Tuesday, June 23rd. Robert W. Baird reissued an “outperform” rating and set a $70.00 price objective on shares of NIKE in a research report on Wednesday, July 1st. Finally, Oppenheimer dropped their price objective on shares of NIKE from $120.00 to $60.00 and set an “outperform” rating on the stock in a report on Friday, June 26th. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, twenty have given a Hold rating and four have issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $52.94.

NIKE 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).