Sheets Smith Wealth Management Reduces Position in NIKE, Inc. $NKE

Posted by Francis Steltz on Jun 21st, 2026

Sheets Smith Wealth Management decreased its stake in shares of NIKE, Inc. (NYSE:NKE – Free Report) by 31.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 44,236 shares of the footwear maker’s stock after selling 20,171 shares during the quarter. Sheets Smith Wealth Management’s holdings in NIKE were worth $2,337,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in NKE. Brighton Jones LLC grew its stake in NIKE by 388.5% during the 4th quarter. Brighton Jones LLC now owns 202,411 shares of the footwear maker’s stock valued at $15,316,000 after purchasing an additional 160,980 shares during the last quarter. Caxton Associates LLP purchased a new position in shares of NIKE in the first quarter worth about $311,000. United Bank lifted its holdings in shares of NIKE by 11.3% during the second quarter. United Bank now owns 17,067 shares of the footwear maker’s stock worth $1,212,000 after purchasing an additional 1,736 shares during the period. NewEdge Advisors LLC lifted its holdings in shares of NIKE by 0.3% during the second quarter. NewEdge Advisors LLC now owns 64,161 shares of the footwear maker’s stock worth $4,558,000 after purchasing an additional 197 shares during the period. Finally, CIBC Asset Management Inc boosted its position in NIKE by 6.5% in the second quarter. CIBC Asset Management Inc now owns 191,268 shares of the footwear maker’s stock valued at $13,588,000 after buying an additional 11,646 shares during the last quarter. Hedge funds and other institutional investors own 64.25% of the company’s stock.

NIKE News Roundup

Here are the key news stories impacting NIKE this week:

Positive Sentiment: Barclays reiterated a Buy rating on NIKE, which can support sentiment by signaling that analysts still see upside in the stock. Barclays Remains a Buy on Nike (NKE)
Positive Sentiment: NIKE outperformed the broader market in the latest trading session, suggesting traders may be positioning ahead of upcoming earnings and looking for signs that the turnaround is taking hold. Nike (NKE) Outperforms Broader Market: What You Need to Know
Positive Sentiment: Coverage highlighted stronger traction in one major market and signs that NIKE’s recovery is gaining momentum, which could improve confidence in the company’s earnings outlook. Headed Into Earnings, Nike Stock Is Trading Lower Than It Was a Decade Ago. But Is the Turnaround Finally Working?

Insider Buying and Selling at NIKE

In related news, Director Timothy D. Cook purchased 25,000 shares of NIKE stock in a transaction that occurred on Friday, April 10th. The stock was purchased at an average price of $42.43 per share, for a total transaction of $1,060,750.00. Following the transaction, the director directly owned 130,480 shares in the company, valued at approximately $5,536,266.40. This trade represents a 23.70% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Robert Holmes Swan purchased 11,781 shares of the firm’s stock in a transaction that occurred on Tuesday, April 7th. The stock was bought at an average cost of $42.44 per share, for a total transaction of $499,985.64. Following the completion of the purchase, the director directly owned 55,074 shares in the company, valued at $2,337,340.56. This represents a 27.21% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last ninety days, insiders have bought 64,441 shares of company stock valued at $2,734,204. Corporate insiders own 0.80% of the company’s stock.

NIKE Trading Up 0.0%

NIKE stock opened at $45.22 on Friday. The firm has a market cap of $66.97 billion, a PE ratio of 29.95, a P/E/G ratio of 1.96 and a beta of 1.12. NIKE, Inc. has a 12 month low of $41.35 and a 12 month high of $80.17. The stock’s 50 day simple moving average is $44.39 and its two-hundred day simple moving average is $54.79. The company has a current ratio of 2.14, a quick ratio of 1.45 and a debt-to-equity ratio of 0.50.

NIKE (NYSE:NKE – Get Free Report) last issued its quarterly earnings data on Tuesday, March 31st. The footwear maker reported $0.35 earnings per share for the quarter, topping analysts’ consensus estimates of $0.29 by $0.06. The business had revenue of $11.28 billion during the quarter, compared to the consensus estimate of $11.23 billion. NIKE had a net margin of 4.84% and a return on equity of 16.41%. The company’s revenue was up .1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.54 earnings per share. Analysts anticipate that NIKE, Inc. will post 1.49 earnings per share for the current year.

NIKE Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Monday, June 1st will be paid a dividend of $0.41 per share. The ex-dividend date of this dividend is Monday, June 1st. This represents a $1.64 dividend on an annualized basis and a dividend yield of 3.6%. NIKE’s payout ratio is currently 108.61%.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. BNP Paribas Exane cut their price target on shares of NIKE from $35.00 to $23.00 and set an “underperform” rating on the stock in a report on Wednesday, April 1st. Guggenheim decreased their price objective on shares of NIKE from $77.00 to $74.00 and set a “buy” rating for the company in a research note on Wednesday, April 1st. BTIG Research cut their price objective on shares of NIKE from $90.00 to $75.00 and set a “buy” rating on the stock in a research note on Wednesday, April 1st. Truist Financial cut their price objective on shares of NIKE from $69.00 to $57.00 and set a “buy” rating on the stock in a research note on Wednesday, April 1st. Finally, Wells Fargo & Company set a $45.00 target price on shares of NIKE and gave the stock an “equal weight” rating in a report on Friday, May 8th. Fifteen research analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, NIKE currently has an average rating of “Hold” and an average price target of $60.89.

View Our Latest Stock Analysis 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).

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Institutional Ownership by Quarter for NIKE (NYSE:NKE)

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