Keybank National Association OH Reduces Stock Position in NIKE, Inc. $NKE

Posted by George Bondi on Jul 5th, 2026

Keybank National Association OH cut its stake in NIKE, Inc. (NYSE:NKE – Free Report) by 36.8% in the 1st quarter, Holdings Channel.com reports. The firm owned 171,476 shares of the footwear maker’s stock after selling 99,794 shares during the quarter. Keybank National Association OH’s holdings in NIKE were worth $9,057,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in NKE. Brighton Jones LLC lifted its holdings in shares of NIKE by 388.5% in the fourth quarter. Brighton Jones LLC now owns 202,411 shares of the footwear maker’s stock worth $15,316,000 after buying an additional 160,980 shares in the last quarter. Caxton Associates LLP purchased a new position in NIKE during the first quarter valued at approximately $311,000. United Bank grew its stake in NIKE by 11.3% during the second quarter. United Bank now owns 17,067 shares of the footwear maker’s stock valued at $1,212,000 after acquiring an additional 1,736 shares in the last quarter. NewEdge Advisors LLC increased its holdings in NIKE by 0.3% during the 2nd quarter. NewEdge Advisors LLC now owns 64,161 shares of the footwear maker’s stock worth $4,558,000 after acquiring an additional 197 shares during the period. Finally, CIBC Asset Management Inc increased its holdings in NIKE by 6.5% during the 2nd quarter. CIBC Asset Management Inc now owns 191,268 shares of the footwear maker’s stock worth $13,588,000 after acquiring an additional 11,646 shares during the period. 64.25% of the stock is currently owned by hedge funds and other institutional investors.

NIKE News Roundup

Here are the key news stories impacting NIKE this week:

Positive Sentiment: NIKE’s fiscal Q4 results beat analyst expectations, with revenue and EPS coming in ahead of forecasts, which has helped support the shares and reinforced hopes that the turnaround is starting to take hold. Stock Market Today, July 1: Nike Jumps After Quarterly Results Beat Analyst Estimates
Positive Sentiment: Several commentaries argue the recent selloff may have gone too far, with some analysts and market watchers calling NIKE a rebound candidate after a difficult year. Prediction: Nike Stock Set for 25% Rebound After Brutal Year
Neutral Sentiment: Reports highlight that NIKE’s digital sales fell while the company continues shifting its mix between direct-to-consumer and wholesale channels, suggesting the turnaround is still incomplete. Nike Digital Drops 12% as Brands Rebalance D2C and Wholesale
Negative Sentiment: Barclays reportedly cut its price target on NIKE, signaling lower near-term expectations from one of the long-time bullish banks on the name. Barclays cuts Nike stock price target from $67 to $52
Negative Sentiment: 7-Eleven filed a trademark lawsuit accusing NIKE of copying branding elements in an upcoming Air Max 95 design, adding legal overhang and potential distraction for the company. 7-Eleven sues Nike over alleged Air Max 95 design infringing brand colors

Analyst Ratings Changes

Several research analysts have commented on the stock. DA Davidson downgraded shares of NIKE from a “buy” rating to a “neutral” rating and cut their price target for the company from $72.00 to $46.00 in a report on Thursday, April 2nd. Jefferies Financial Group decreased their price target on shares of NIKE from $90.00 to $75.00 and set a “buy” rating on the stock in a report on Wednesday. BNP Paribas Exane reiterated an “underperform” rating on shares of NIKE in a research report on Wednesday. Robert W. Baird reiterated an “outperform” rating and issued a $70.00 price objective on shares of NIKE in a research report on Wednesday. Finally, BTIG Research reissued a “buy” rating and set a $55.00 price objective (down from $75.00) on shares of NIKE in a research note on Thursday, June 25th. Fourteen investment analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and three have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $55.42.

View Our Latest Stock Analysis on NIKE

Insider Buying and Selling

In other news, Director Robert Holmes Swan purchased 11,781 shares of the stock in a transaction on Tuesday, April 7th. The shares were acquired at an average price of $42.44 per share, for a total transaction of $499,985.64. Following the completion of the transaction, the director directly owned 55,074 shares of the company’s stock, valued at approximately $2,337,340.56. This trade represents a 27.21% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Also, Director John W. Rogers, Jr. purchased 4,000 shares of the company’s stock in a transaction on Thursday, April 9th. The shares were purchased at an average cost of $43.34 per share, with a total value of $173,360.00. Following the purchase, the director owned 41,022 shares of the company’s stock, valued at approximately $1,777,893.48. The trade was a 10.80% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders bought 64,441 shares of company stock valued at $2,734,204 in the last three months. 0.80% of the stock is owned by corporate insiders.

NIKE Trading Up 0.1%

Shares of NIKE stock opened at $44.12 on Friday. NIKE, Inc. has a 1 year low of $40.00 and a 1 year high of $80.17. The firm has a market cap of $65.34 billion, a PE ratio of 21.11, a PEG ratio of 2.49 and a beta of 1.12. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.96 and a quick ratio of 1.45. The company has a 50 day simple moving average of $43.86 and a two-hundred day simple moving average of $53.16.

NIKE (NYSE:NKE – Get Free Report) last released 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. The business had revenue of $10.97 billion during the quarter, compared to analysts’ expectations of $10.85 billion. NIKE had a net margin of 6.70% and a return on equity of 16.54%. The business’s quarterly revenue was down 1.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.14 EPS. Analysts expect that NIKE, Inc. will post 1.8 earnings per share for the current fiscal year.

NIKE Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 1st. Investors of record on Monday, June 1st were given a $0.41 dividend. The ex-dividend date was Monday, June 1st. This represents a $1.64 annualized dividend and a yield of 3.7%. NIKE’s payout ratio is 78.47%.

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).