25,464 Shares in NIKE, Inc. $NKE Bought by Global Retirement Partners LLC

Global Retirement Partners LLC purchased a new stake in NIKE, Inc. (NYSE:NKE) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 25,464 shares of the footwear maker’s stock, valued at approximately $1,045,000.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Scarborough Advisors LLC acquired a new stake in NIKE during the first quarter worth about $25,000. Cornerstone Financial Management LLC acquired a new position in shares of NIKE in the 4th quarter valued at approximately $26,000. Sankala Group LLC acquired a new position in shares of NIKE in the 4th quarter valued at approximately $26,000. Meeder Asset Management Inc. raised its position in shares of NIKE by 108.4% in the 1st quarter. Meeder Asset Management Inc. now owns 548 shares of the footwear maker’s stock valued at $29,000 after buying an additional 285 shares in the last quarter. Finally, J.Safra Asset Management Corp bought a new stake in shares of NIKE during the 4th quarter worth approximately $29,000. Institutional investors own 64.25% of the company’s stock.

Trending Headlines about NIKE

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: Recent results showed improving wholesale demand, particularly in North America, alongside a sharp improvement in gross margin and better-than-expected earnings. Management’s focus on product innovation and marketplace execution is giving some investors hope that the reset under CEO Elliott Hill can eventually restore growth. Why Nike Stock Is Up Today
• Positive Sentiment: Valuation and income appeal are attracting contrarian investors. The stock offers a dividend yield near 4%, and NIKE could potentially extend its dividend-growth streak for a 25th consecutive year in 2026. Several company insiders have also purchased shares recently. Nike Stock Dividend Outlook
• Neutral Sentiment: Analyst targets imply substantial potential upside, with reports citing an average target around $50.66 and a median six-month target of $47.50. However, targets vary widely, underscoring the uncertainty surrounding the turnaround. Nike Price Target Outlook
• Negative Sentiment: Investors remain concerned that the turnaround is taking too long. NIKE has lost roughly 78% from its 2021 peak and more than $200 billion in market value, while weak direct-to-consumer demand, international pressure and a reported decline in China sales continue to weigh on sentiment. Nike Stock Hits Lowest Level Since 2014
• Negative Sentiment: A recent analyst downgrade and weak digital sales have reinforced fears that product and distribution problems will persist. Technical analysts also describe the stock’s trend as severely damaged, limiting confidence that the current rebound represents a durable bottom. What Is Dragging Nike Down?

Wall Street Analysts Forecast Growth

NKE has been the topic of several analyst reports. Evercore set a $46.00 price target on shares of NIKE and gave the stock an “in-line” rating in a research report on Tuesday, June 23rd. Wells Fargo & Company cut their target price on NIKE from $45.00 to $40.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 1st. DZ Bank restated a “buy” rating on shares of NIKE in a research note on Tuesday, June 30th. Robert W. Baird reaffirmed an “outperform” rating and issued a $70.00 target price on shares of NIKE in a report on Wednesday, July 1st. Finally, Royal Bank Of Canada reiterated a “neutral” rating on shares of NIKE in a research note on Wednesday, July 1st. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, eighteen have assigned a Hold rating and five have assigned a Sell rating to the stock. According to data from MarketBeat.com, NIKE currently has a consensus rating of “Hold” and a consensus price target of $53.53.

Insider Transactions at NIKE

In other news, EVP Philip Mccartney sold 17,398 shares of the business’s stock in a transaction dated Friday, June 12th. The stock was 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. The trade was a 24.67% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, 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. Also, COO Venkatesh Alagirisamy sold 890 shares of the company’s stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $41.60, for a total value of $37,024.00. Following the completion of the transaction, the chief operating officer directly owned 74,820 shares of the company’s stock, valued at $3,112,512. This represents a 1.18% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 26,142 shares of company stock valued at $1,169,380. Company insiders own 1.10% of the company’s stock.

NIKE Stock Up 2.5%

Shares of NKE opened at $40.06 on Wednesday. NIKE, Inc. has a 52 week low of $38.86 and a 52 week high of $80.17. The stock has a market capitalization of $59.43 billion, a price-to-earnings ratio of 19.17, a PEG ratio of 1.81 and a beta of 1.11. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.36 and a current ratio of 1.96. The stock has a fifty day moving average of $42.73 and a 200-day moving average of $48.29.

NIKE (NYSE:NKE) last issued 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. The business had revenue of $10.97 billion for the quarter, compared to analyst estimates of $10.85 billion. NIKE had a return on equity of 16.54% and a net margin of 6.70%.NIKE’s quarterly revenue was down 1.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.14 EPS. As a group, sell-side analysts anticipate that NIKE, Inc. will post 1.74 earnings per share for the current fiscal year.

NIKE Announces Dividend

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

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).