Public Employees Retirement System of Ohio Cuts Stock Position in NIKE, Inc. $NKE

Posted by Brian Himes on Aug 30th, 2026

Public Employees Retirement System of Ohio decreased its holdings in shares of NIKE, Inc. (NYSE:NKE – Free Report) by 4.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 449,305 shares of the footwear maker’s stock after selling 22,771 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in NIKE were worth $18,444,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in NKE. Scarborough Advisors LLC purchased a new position in NIKE in the first quarter worth about $25,000. Cornerstone Financial Management LLC purchased a new stake in NIKE during the 4th quarter valued at $26,000. Sankala Group LLC purchased a new stake in NIKE during the 4th quarter valued at $26,000. Meeder Asset Management Inc. lifted its position in NIKE by 108.4% in the first quarter. Meeder Asset Management Inc. now owns 548 shares of the footwear maker’s stock worth $29,000 after buying an additional 285 shares during the last quarter. Finally, J.Safra Asset Management Corp purchased a new stake in shares of NIKE in the fourth quarter valued at $29,000. 64.25% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other NIKE news, CFO Matthew Friend sold 2,463 shares of the company’s stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $41.60, for a total value of $102,460.80. Following the completion of the transaction, the chief financial officer owned 82,165 shares in the company, valued at approximately $3,418,064. This represents a 2.91% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Venkatesh Alagirisamy sold 890 shares of the firm’s stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $41.60, for a total value of $37,024.00. Following the completion of the sale, the chief operating officer directly owned 74,820 shares in the company, valued at approximately $3,112,512. The trade was a 1.18% 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. Insiders have sold a total of 26,142 shares of company stock worth $1,169,380 in the last ninety days. Corporate insiders own 1.10% of the company’s stock.

Key Stories Impacting NIKE

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.

NIKE Price Performance

Shares of NKE stock opened at $39.57 on Friday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.36 and a current ratio of 1.96. NIKE, Inc. has a fifty-two week low of $38.17 and a fifty-two week high of $79.13. The firm has a market capitalization of $58.70 billion, a price-to-earnings ratio of 18.93, a PEG ratio of 1.76 and a beta of 1.11. The stock’s 50-day simple moving average is $41.91 and its 200-day simple moving average is $47.11.

NIKE (NYSE:NKE – Get Free Report) last announced its quarterly earnings data 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. NIKE had a net margin of 6.70% and a return on equity of 16.54%. The firm had revenue of $10.97 billion for the quarter, compared to analyst estimates of $10.85 billion. During the same period in the previous year, the company earned $0.14 earnings per share. The business’s quarterly revenue was down 1.1% compared to the same quarter last year. As a group, equities analysts forecast that NIKE, Inc. will post 1.74 earnings per share for the current fiscal year.

NIKE Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Tuesday, September 1st will be given a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 4.1%. The ex-dividend date is Tuesday, September 1st. NIKE’s dividend payout ratio (DPR) is currently 78.47%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Wall Street Zen upgraded NIKE from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. 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. Zacks Research upgraded NIKE from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 19th. Stifel Nicolaus set a $45.00 target price on shares of NIKE and gave the company a “hold” rating in a research report on Wednesday, July 1st. Finally, Truist Financial set a $42.00 price target on shares of NIKE and gave the stock a “hold” rating in a research report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, twelve have given a Buy rating, twenty have assigned a Hold rating and four have issued a Sell rating to the company. Based on data from MarketBeat, NIKE presently has an average rating of “Hold” and an average price target of $52.94.

View Our Latest Analysis on NKE

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).