Philip Mccartney Sells 524 Shares of NIKE (NYSE:NKE) Stock

NIKE, Inc. (NYSE:NKE) EVP Philip Mccartney sold 524 shares of NIKE stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $41.60, for a total transaction of $21,798.40. Following the completion of the sale, the executive vice president owned 52,115 shares of the company’s stock, valued at $2,167,984. This trade represents a 1.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Philip Mccartney also recently made the following trade(s):

• On Friday, June 12th, Philip Mccartney sold 17,398 shares of NIKE stock. The stock was sold at an average price of $46.18, for a total transaction of $803,439.64.

NIKE Trading Down 0.8%

Shares of NIKE stock opened at $41.66 on Friday. The firm’s 50 day simple moving average is $43.18 and its two-hundred day simple moving average is $49.55. The firm has a market capitalization of $61.81 billion, a price-to-earnings ratio of 19.94, a PEG ratio of 1.85 and a beta of 1.11. NIKE, Inc. has a 12-month low of $40.00 and a 12-month high of $80.17. 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) last posted its quarterly earnings data on Tuesday, June 30th. The footwear maker reported $0.20 EPS for the quarter, topping the consensus estimate of $0.11 by $0.09. The business had revenue of $10.97 billion during the quarter, compared to the consensus estimate of $10.85 billion. NIKE had a net margin of 6.70% and a return on equity of 16.54%. The business’s revenue for the quarter was down 1.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.14 earnings per share. Analysts predict that NIKE, Inc. will post 1.74 EPS for the current year.

NIKE Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Tuesday, September 1st will be paid a $0.41 dividend. The ex-dividend date is Tuesday, September 1st. This represents a $1.64 dividend on an annualized basis and a yield of 3.9%. NIKE’s dividend payout ratio (DPR) is 78.47%.

Hedge Funds Weigh In On NIKE

A number of hedge funds have recently bought and sold shares of NKE. Cornerstone Financial Management LLC acquired a new stake in NIKE in the fourth quarter valued at approximately $26,000. Sankala Group LLC acquired a new position in shares of NIKE during the 4th quarter worth approximately $26,000. J.Safra Asset Management Corp acquired a new position in shares of NIKE during the 4th quarter worth approximately $29,000. Kemnay Advisory Services Inc. purchased a new position in shares of NIKE during the 4th quarter valued at approximately $30,000. Finally, Scarborough Advisors LLC purchased a new position in shares of NIKE during the 1st quarter valued at approximately $25,000. Hedge funds and other institutional investors own 64.25% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Wells Fargo & Company dropped their price target on NIKE from $45.00 to $40.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 1st. Wall Street Zen raised NIKE from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. Stifel Nicolaus set a $45.00 target price on NIKE and gave the stock a “hold” rating in a report on Wednesday, July 1st. Barclays dropped their target price on NIKE from $67.00 to $52.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 1st. Finally, Zacks Research downgraded shares of NIKE from a “hold” rating to a “strong sell” rating in a report on Monday, June 1st. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, eighteen have assigned a Hold rating and five have assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $53.53.

Key Headlines Impacting NIKE

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: NIKE declared a quarterly dividend of $0.41 per share, payable October 1 to shareholders of record September 1. The annualized payout of $1.64 represents an approximately 3.9% yield and provides continued income support for investors. NIKE Declares $0.41 Quarterly Dividend
• Positive Sentiment: NIKE is emphasizing performance products, innovation, athlete engagement and sport-focused execution as part of its effort to restore longer-term growth. The strategy could help offset near-term demand weakness if product momentum improves. NIKE Bets on Performance Products
• Neutral Sentiment: Brokerages collectively maintain a “Hold” recommendation, suggesting analysts see limited near-term catalysts but that the stock’s depressed valuation may already reflect some of the company’s difficulties. Consensus Hold Recommendation
• Negative Sentiment: JPMorgan lowered its stance to “Sell” and reiterated an underweight view, citing a longer-than-expected turnaround. The downgrade adds pressure to the stock and signals concerns about weak demand and delayed earnings recovery. JPMorgan Cuts Nike to Sell
• Negative Sentiment: Investors continue to focus on NIKE’s China reset and planned U.S. store closures, which could weigh on near-term revenue, earnings and operating margins. Analysts have also questioned whether the shares remain expensive relative to fair value despite substantial declines during 2026. NIKE China Reset and Store Closures
• Negative Sentiment: NIKE’s CFO, COO and an executive vice president each sold shares at $41.60. Because all three transactions were executed under pre-arranged Rule 10b5-1 plans and represented relatively small reductions in ownership, the sales are a modest negative signal rather than evidence of discretionary insider selling. NIKE Insider Sale Filing

About NIKE

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).