Perigon Wealth Management LLC decreased its stake in shares of NIKE, Inc. (NYSE:NKE – Free Report) by 56.2% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 13,924 shares of the footwear maker’s stock after selling 17,861 shares during the period. Perigon Wealth Management LLC’s holdings in NIKE were worth $572,000 as of its most recent filing with the SEC.
A number of other institutional investors have also made changes to their positions in NKE. Commerzbank Aktiengesellschaft FI boosted its position in NIKE by 3.5% during the second quarter. Commerzbank Aktiengesellschaft FI now owns 129,729 shares of the footwear maker’s stock worth $5,325,000 after purchasing an additional 4,375 shares during the period. Trust Co. of Vermont bought a new stake in shares of NIKE during the 2nd quarter worth $1,616,000. Principle Wealth Partners LLC boosted its holdings in shares of NIKE by 34.9% during the 2nd quarter. Principle Wealth Partners LLC now owns 6,228 shares of the footwear maker’s stock worth $256,000 after buying an additional 1,611 shares during the period. Capital Financial Group Inc. Co. ADV grew its stake in NIKE by 66.3% in the 2nd quarter. Capital Financial Group Inc. Co. ADV now owns 21,891 shares of the footwear maker’s stock valued at $899,000 after buying an additional 8,728 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in NIKE by 8.9% in the 2nd quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 3,049,658 shares of the footwear maker’s stock worth $125,190,000 after acquiring an additional 248,502 shares during the period. 64.25% of the stock is owned by institutional investors.
NIKE Stock Up 2.4%
Shares of NYSE:NKE opened at $41.03 on Thursday. The company has a quick ratio of 1.36, a current ratio of 1.96 and a debt-to-equity ratio of 0.40. The firm has a market cap of $60.88 billion, a P/E ratio of 19.63, a P/E/G ratio of 1.78 and a beta of 1.11. NIKE, Inc. has a 12 month low of $38.86 and a 12 month high of $80.17. The company’s 50-day moving average price is $42.67 and its two-hundred day moving average price is $48.14.
NIKE Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Shareholders of record on Tuesday, September 1st will be issued a dividend of $0.41 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $1.64 annualized dividend and a yield of 4.0%. NIKE’s dividend payout ratio is currently 78.47%.
Insider Transactions at NIKE
In other news, CFO Matthew Friend sold 2,463 shares of the business’s stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $41.60, for a total transaction of $102,460.80. Following the completion of the sale, the chief financial officer owned 82,165 shares in the company, valued at $3,418,064. The trade was a 2.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Amy Montagne sold 4,867 shares of the company’s stock in a transaction on Friday, August 7th. The shares were sold at an average price of $42.05, for a total value of $204,657.35. Following the transaction, the insider directly owned 57,436 shares in the company, valued at $2,415,183.80. This trade represents a 7.81% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 26,142 shares of company stock valued at $1,169,380 over the last 90 days. 1.10% of the stock is currently owned by corporate insiders.
Analyst Ratings Changes
NKE has been the topic of a number of recent analyst reports. Barclays dropped their price objective on NIKE from $67.00 to $52.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 1st. Zacks Research cut shares of NIKE from a “hold” rating to a “strong sell” rating in a research note on Monday, June 1st. Sanford C. Bernstein restated an “outperform” rating and issued a $68.00 price target (down from $72.00) on shares of NIKE in a research report on Wednesday, July 29th. Robert W. Baird reiterated an “outperform” rating and issued a $70.00 target price on shares of NIKE in a research note on Wednesday, July 1st. Finally, Jefferies Financial Group lowered their price target on NIKE from $90.00 to $75.00 and set a “buy” rating on the stock in a research note on Wednesday, July 1st. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, eighteen have issued a Hold rating and five have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $53.53.
View Our Latest Stock Analysis on NIKE
NIKE News Roundup
Here are the key news stories impacting NIKE this week:
- Positive Sentiment: Recent quarterly results offered some support: earnings and revenue exceeded consensus estimates, wholesale sales improved—particularly in North America—and gross margin benefited from lower tariff-related costs. Management is also emphasizing product innovation and improved marketplace execution as part of its turnaround plan. Why Nike Stock Is Up
- Positive Sentiment: Some investors view the selloff as an opportunity, citing Nike’s global brand, approximately 4% dividend yield and potential for a 25th consecutive annual dividend increase. Analysts’ median price target is reported near $47.50, implying meaningful upside if the turnaround gains traction. Nike Dividend Article
- Positive Sentiment: Several company insiders have recently purchased shares, including CEO Elliott Hill, while Capital World Investors and JPMorgan increased their institutional holdings. These transactions may signal confidence that valuation and expectations have become more attractive, although institutional positioning remains mixed.
- Neutral Sentiment: Technical analysts see the possibility of a short-term rebound after the steep decline. However, JPMorgan reportedly expects stabilization only by fiscal 2028—not a full recovery—suggesting investors may need to tolerate a prolonged restructuring period. JPMorgan Nike Outlook
- Negative Sentiment: Weak China sales, sluggish Nike Direct performance and declining digital revenue continue to pressure growth. Competition from brands such as On and Lululemon is intensifying, while Nike’s forward valuation remains above the sector median despite falling sales. Nike Performance and Competition
- Negative Sentiment: Nike is reportedly pulling back from its small neighborhood-store concept, highlighting ongoing efforts to reduce complexity and adjust its retail strategy. Analysts and commentators warn the shares could fall below $30 if the turnaround continues to disappoint. Nike Neighborhood Store Strategy
NIKE Profile
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).
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