Fayez Sarofim & Co Trims Stock Holdings in NIKE, Inc. $NKE

Posted by Stanley Muller on Aug 27th, 2026

Fayez Sarofim & Co lowered its stake in NIKE, Inc. (NYSE:NKE – Free Report) by 41.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 44,777 shares of the footwear maker’s stock after selling 32,051 shares during the quarter. Fayez Sarofim & Co’s holdings in NIKE were worth $1,838,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the stock. Cornerstone Financial Management LLC acquired a new position in NIKE during the fourth quarter worth $26,000. Sankala Group LLC acquired a new stake in shares of NIKE in the fourth quarter valued at $26,000. J.Safra Asset Management Corp acquired a new stake in shares of NIKE in the fourth quarter valued at $29,000. Kemnay Advisory Services Inc. purchased a new stake in shares of NIKE in the 4th quarter valued at $30,000. Finally, Scarborough Advisors LLC purchased a new stake in shares of NIKE in the 1st quarter valued at $25,000. Hedge funds and other institutional investors own 64.25% of the company’s stock.

NIKE Trading Down 2.2%

NKE opened at $38.60 on Thursday. NIKE, Inc. has a 12 month low of $38.41 and a 12 month high of $79.51. The stock has a market capitalization of $57.26 billion, a price-to-earnings ratio of 18.47, a PEG ratio of 1.75 and a beta of 1.11. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.96 and a quick ratio of 1.36. The business has a fifty day moving average price of $42.16 and a 200 day moving average price of $47.35.

NIKE (NYSE:NKE – Get Free Report) last issued its quarterly earnings results on Tuesday, June 30th. The footwear maker reported $0.20 earnings per share for the quarter, topping the consensus estimate 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 return on equity of 16.54% and a net margin of 6.70%.NIKE’s revenue was down 1.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.14 EPS. Sell-side analysts expect that NIKE, Inc. will post 1.74 earnings per share for the current fiscal year.

NIKE Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Investors 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 4.2%. The ex-dividend date is Tuesday, September 1st. NIKE’s dividend payout ratio is presently 78.47%.

NIKE News Roundup

Here are the key news stories impacting NIKE this week:

Positive Sentiment: Nike’s global brand, product innovation, athlete partnerships and broad distribution remain important long-term advantages. Analysts also note that the stock’s significant underperformance and lower valuation could create a rebound opportunity if the turnaround gains traction. NIKE vs. Wolverine: Which Footwear Stock Has the Winning Edge?
Positive Sentiment: RBC said Nike’s strategic direction appears correct, including its efforts to improve products and distribution, although execution is taking longer than expected. A slower recovery may already be reflected in the depressed share price. Nike’s Strategy Correct But Taking Longer Than Expected, RBC Says
Neutral Sentiment: Nike is approaching dividend-aristocrat status, but continued earnings weakness could make future payout growth less sustainable. This creates income appeal while also highlighting a potential risk if profitability does not improve materially. Dividend Aristocrat or Dividend Cuts: How to Evaluate the NKE Stock Payout as the Nike Turnaround Drags On
Negative Sentiment: Dick’s Sporting Goods reported disappointing second-quarter results and warned about a difficult environment for athletic footwear and apparel. Because Dick’s is a significant Nike retail channel, the warning raised fears of weaker demand, inventory pressure and a prolonged Nike turnaround. Dick’s Sporting Goods’ Warning Bodes Poorly for Nike and Lululemon Stocks
Negative Sentiment: Truist Securities downgraded Nike to Hold, citing retail weakness following Dick’s results. The downgrade adds to concerns that Nike’s recovery will take longer and contributed to the stock trading near its 52-week low on heavier-than-average volume. Why Is Nike Stock Falling on Wednesday?

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Truist Financial set a $42.00 target price on NIKE and gave the stock a “hold” rating in a research note on Wednesday. CICC Research cut their price target on shares of NIKE from $58.00 to $44.80 and set a “neutral” rating on the stock in a research note on Thursday, July 2nd. The Goldman Sachs Group reduced their price target on shares of NIKE from $46.00 to $42.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 1st. Evercore set a $46.00 price objective on shares of NIKE and gave the company an “in-line” rating in a research note on Tuesday, June 23rd. Finally, Jefferies Financial Group restated a “buy” rating on shares of NIKE in a report on Tuesday. One analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, twenty have given a Hold rating and four have issued a Sell rating to the stock. According to data from MarketBeat.com, NIKE presently has a consensus rating of “Hold” and an average price target of $52.94.

Get Our Latest Report on NIKE

Insider Activity

In related news, EVP Philip Mccartney sold 17,398 shares of the firm’s stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $46.18, for a total value of $803,439.64. Following the sale, the executive vice president owned 53,133 shares of the company’s stock, valued at $2,453,681.94. This trade represents a 24.67% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 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, COO Venkatesh Alagirisamy sold 890 shares of NIKE stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $41.60, for a total transaction of $37,024.00. Following the completion of the transaction, the chief operating officer owned 74,820 shares of the company’s stock, 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.

About NIKE

(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).