RB Capital Management LLC Sells 20,738 Shares of NIKE, Inc. $NKE

Posted by George Bondi on Aug 29th, 2026

RB Capital Management LLC lessened its holdings in NIKE, Inc. (NYSE:NKE – Free Report) by 53.4% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 18,098 shares of the footwear maker’s stock after selling 20,738 shares during the period. RB Capital Management LLC’s holdings in NIKE were worth $743,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Cornerstone Financial Management LLC bought a new position in shares of NIKE during the fourth quarter worth $26,000. Sankala Group LLC bought a new stake in NIKE in the 4th quarter valued at $26,000. J.Safra Asset Management Corp purchased a new stake in NIKE in the 4th quarter worth $29,000. Kemnay Advisory Services Inc. purchased a new stake in NIKE in the 4th quarter worth $30,000. Finally, Scarborough Advisors LLC purchased a new position in shares of NIKE during the first quarter valued at about $25,000. 64.25% of the stock is owned by institutional investors.

NIKE Price Performance

NKE stock opened at $39.57 on Friday. The stock has a market cap of $58.70 billion, a PE ratio of 18.93, a P/E/G ratio of 1.71 and a beta of 1.11. NIKE, Inc. has a 12 month low of $38.17 and a 12 month high of $79.13. The company has a 50-day moving average price of $41.91 and a 200 day moving average price of $47.11. The company has a current ratio of 1.96, a quick ratio of 1.36 and a debt-to-equity ratio of 0.40.

NIKE (NYSE:NKE – Get Free Report) last posted its quarterly earnings data on Tuesday, June 30th. The footwear maker reported $0.20 earnings per share for the quarter, topping 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 company had revenue of $10.97 billion for the quarter, compared to analyst estimates of $10.85 billion. During the same period in the prior year, the company posted $0.14 EPS. The firm’s revenue for the quarter was down 1.1% on a year-over-year basis. Equities research analysts anticipate that NIKE, Inc. will post 1.74 earnings per share for the current year.

NIKE Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Tuesday, September 1st will be issued a dividend of $0.41 per share. The ex-dividend date is Tuesday, September 1st. This represents a $1.64 dividend on an annualized basis and a yield of 4.1%. NIKE’s payout ratio is presently 78.47%.

Analyst Ratings Changes

Several equities analysts have weighed in on the company. Barclays cut their price target on NIKE from $67.00 to $52.00 and set an “overweight” rating for the company in a report on Wednesday, July 1st. Royal Bank Of Canada reiterated a “sector perform” rating and set a $45.00 target price on shares of NIKE in a research report on Tuesday. BNP Paribas Exane reissued an “underperform” rating on shares of NIKE in a report on Wednesday, July 22nd. Weiss Ratings upgraded shares of NIKE from a “sell (d)” rating to a “sell (d+)” rating in a research report on Friday, July 17th. Finally, Robert W. Baird reiterated an “outperform” rating and set a $70.00 price objective on shares of NIKE in a research report on Wednesday, July 1st. One 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 given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $52.94.

Check Out Our Latest Analysis on NKE

Key Headlines 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.

Insiders Place Their Bets

In other news, CFO Matthew Friend sold 2,463 shares of the business’s stock in a transaction on Wednesday, August 5th. The shares were 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 directly owned 82,165 shares of the company’s stock, valued at approximately $3,418,064. The trade was a 2.91% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed 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 company’s stock in a transaction dated 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 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. Over the last quarter, insiders sold 26,142 shares of company stock worth $1,169,380. Insiders own 1.10% of the company’s stock.

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).