Pinnacle Associates Ltd. Reduces Stock Holdings in NIKE, Inc. $NKE

Posted by Stanley Muller on Aug 15th, 2026

Pinnacle Associates Ltd. trimmed its holdings in shares of NIKE, Inc. (NYSE:NKE – Free Report) by 37.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,303 shares of the footwear maker’s stock after selling 12,826 shares during the quarter. Pinnacle Associates Ltd.’s holdings in NIKE were worth $874,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Cornerstone Financial Management LLC acquired a new stake in NIKE in the fourth quarter worth about $26,000. Sankala Group LLC purchased a new stake in shares of NIKE during the fourth quarter worth about $26,000. J.Safra Asset Management Corp acquired a new position in shares of NIKE during the fourth quarter valued at about $29,000. Kemnay Advisory Services Inc. acquired a new position in shares of NIKE during the fourth quarter valued at about $30,000. Finally, Scarborough Advisors LLC acquired a new position in shares of NIKE during the first quarter valued at about $25,000. 64.25% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

NKE has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft lifted their target price on shares of NIKE from $43.00 to $45.00 and gave the stock a “hold” rating in a research note on Friday, July 17th. The Goldman Sachs Group cut their price target on shares of NIKE from $46.00 to $42.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 1st. Telsey Advisory Group set a $47.00 price target on shares of NIKE and gave the stock a “market perform” rating in a report on Wednesday, July 1st. Citigroup reaffirmed a “neutral” rating on shares of NIKE in a report on Wednesday, July 22nd. Finally, Barclays lowered their price objective on shares of NIKE from $67.00 to $52.00 and set an “overweight” rating for the company in a research note on Wednesday, July 1st. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, eighteen have assigned a Hold rating and five have given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $53.53.

View Our Latest Report on NKE

Insider Buying and Selling at NIKE

In related news, insider Amy Montagne sold 4,867 shares of the firm’s stock in a transaction on Friday, August 7th. The shares were sold at an average price of $42.05, for a total transaction of $204,657.35. Following the completion of the transaction, the insider owned 57,436 shares of the company’s stock, valued at $2,415,183.80. This trade represents a 7.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Matthew Friend sold 2,463 shares of the business’s stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $41.60, for a total transaction of $102,460.80. Following the transaction, the chief financial officer owned 82,165 shares of the company’s stock, valued at $3,418,064. This represents a 2.91% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 26,142 shares of company stock valued at $1,169,380. 1.10% of the stock is currently owned by insiders.

NIKE Trading Down 1.2%

NIKE stock opened at $40.73 on Friday. The company has a quick ratio of 1.36, a current ratio of 1.96 and a debt-to-equity ratio of 0.40. NIKE, Inc. has a 52 week low of $40.00 and a 52 week high of $80.17. The company has a market capitalization of $60.42 billion, a price-to-earnings ratio of 19.49, a price-to-earnings-growth ratio of 1.83 and a beta of 1.11. The stock has a 50-day moving average price of $42.90 and a 200 day moving average price of $48.73.

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, beating 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 firm had revenue of $10.97 billion for the quarter, compared to analyst estimates of $10.85 billion. During the same quarter in the prior year, the firm earned $0.14 earnings per share. NIKE’s revenue for the quarter was down 1.1% on a year-over-year basis. Sell-side analysts anticipate that NIKE, Inc. will post 1.74 EPS for the current year.

NIKE Dividend Announcement

The firm also recently disclosed 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 annualized dividend and a yield of 4.0%. The ex-dividend date is Tuesday, September 1st. NIKE’s payout ratio is presently 78.47%.

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).