Empowered Funds LLC Trims Stake in NIKE, Inc. $NKE

Posted by George Bondi on Aug 2nd, 2026

Empowered Funds LLC lessened its holdings in NIKE, Inc. (NYSE:NKE – Free Report) by 69.5% during the 1st quarter, HoldingsChannel.com reports. The firm owned 104,960 shares of the footwear maker’s stock after selling 239,045 shares during the period. Empowered Funds LLC’s holdings in NIKE were worth $5,544,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. Vanguard Group Inc. increased its position in shares of NIKE by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 116,993,541 shares of the footwear maker’s stock worth $7,453,658,000 after purchasing an additional 1,702,342 shares during the last quarter. State Street Corp lifted its position in NIKE by 2.2% in the fourth quarter. State Street Corp now owns 59,315,606 shares of the footwear maker’s stock valued at $3,802,807,000 after buying an additional 1,275,494 shares during the last quarter. Capital World Investors boosted its stake in NIKE by 16.2% during the fourth quarter. Capital World Investors now owns 49,069,951 shares of the footwear maker’s stock worth $3,126,246,000 after buying an additional 6,830,938 shares during the period. J. Stern & Co. LLP boosted its stake in NIKE by 49,010.4% during the fourth quarter. J. Stern & Co. LLP now owns 48,054,542 shares of the footwear maker’s stock worth $3,061,555,000 after buying an additional 47,956,692 shares during the period. Finally, Geode Capital Management LLC boosted its stake in NIKE by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 26,442,879 shares of the footwear maker’s stock worth $1,677,251,000 after buying an additional 233,925 shares during the period. 64.25% of the stock is currently owned by hedge funds and other institutional investors.

NIKE Trading Down 1.0%

NYSE:NKE opened at $41.86 on Friday. NIKE, Inc. has a 12-month low of $40.00 and a 12-month high of $80.17. The firm has a market cap of $62.10 billion, a PE ratio of 20.03, a price-to-earnings-growth ratio of 1.85 and a beta of 1.12. The company has a current ratio of 1.96, a quick ratio of 1.36 and a debt-to-equity ratio of 0.40. The stock has a fifty day moving average price of $43.56 and a 200 day moving average price of $50.36.

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 anticipate that NIKE, Inc. will post 1.74 earnings per share for the current fiscal year.

NIKE Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 1st. Stockholders of record on Monday, June 1st were given a dividend of $0.41 per share. The ex-dividend date of this dividend was Monday, June 1st. This represents a $1.64 dividend on an annualized basis and a dividend yield of 3.9%. NIKE’s payout ratio is currently 78.47%.

Insider Buying and Selling at NIKE

In related news, EVP Philip Mccartney sold 17,398 shares of the company’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 transaction of $803,439.64. Following the sale, the executive vice president directly owned 53,133 shares in the company, valued at approximately $2,453,681.94. This represents a 24.67% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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. Insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Barclays reduced their price target on shares of NIKE from $67.00 to $52.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 1st. Stifel Nicolaus set a $45.00 price objective on shares of NIKE and gave the stock a “hold” rating in a research report on Wednesday, July 1st. Sanford C. Bernstein reiterated an “outperform” rating and issued a $68.00 target price (down from $72.00) on shares of NIKE in a report on Wednesday. Berenberg Bank set a $49.00 target price on NIKE and gave the company a “hold” rating in a research report on Friday, July 3rd. Finally, Needham & Company LLC restated a “hold” rating on shares of NIKE in a research note on Thursday, June 4th. One analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, nineteen have issued a Hold rating and four have assigned a Sell rating to the company. Based on data from MarketBeat, NIKE currently has a consensus rating of “Hold” and a consensus price target of $53.74.

Get Our Latest Research Report 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).