NIKE, Inc. $NKE is Harbor Island Capital LLC’s 10th Largest Position

Harbor Island Capital LLC lifted its stake in NIKE, Inc. (NYSE:NKE) by 48.8% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 361,489 shares of the footwear maker’s stock after purchasing an additional 118,574 shares during the quarter. NIKE comprises approximately 4.0% of Harbor Island Capital LLC’s holdings, making the stock its 10th largest position. Harbor Island Capital LLC’s holdings in NIKE were worth $14,839,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in NKE. Legacy Financial Advisors Inc. increased its position in NIKE by 18.0% during the 2nd quarter. Legacy Financial Advisors Inc. now owns 31,638 shares of the footwear maker’s stock valued at $1,299,000 after buying an additional 4,833 shares in the last quarter. Piedmont Capital Management LLC boosted its holdings in NIKE by 8.2% in the second quarter. Piedmont Capital Management LLC now owns 7,363 shares of the footwear maker’s stock worth $312,000 after acquiring an additional 561 shares in the last quarter. Quantitative Investment Management LLC bought a new stake in NIKE in the second quarter worth $2,459,000. Two Sigma Securities LLC grew its stake in shares of NIKE by 30.9% in the second quarter. Two Sigma Securities LLC now owns 23,129 shares of the footwear maker’s stock worth $949,000 after acquiring an additional 5,461 shares during the last quarter. Finally, Benjamin Edwards Inc. increased its holdings in shares of NIKE by 92.4% during the second quarter. Benjamin Edwards Inc. now owns 200,827 shares of the footwear maker’s stock valued at $8,244,000 after acquiring an additional 96,420 shares in the last quarter. Hedge funds and other institutional investors own 64.25% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Jefferies Financial Group reiterated a “buy” rating on shares of NIKE in a research note on Tuesday, August 25th. Bank of America reduced their price objective on shares of NIKE from $55.00 to $47.00 and set a “neutral” rating for the company in a research note on Wednesday, July 1st. Zacks Research raised shares of NIKE from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 19th. BTIG Research reaffirmed a “buy” rating and issued a $55.00 target price on shares of NIKE in a report on Wednesday, July 1st. Finally, Evercore set a $46.00 target price on shares of NIKE and gave the stock an “in-line” rating in a research note on Tuesday, June 23rd. 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 issued a Sell rating to the company’s stock. According to MarketBeat.com, NIKE presently has a consensus rating of “Hold” and an average price target of $52.94.

NIKE Trading Down 2.4%

NIKE stock opened at $38.12 on Wednesday. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.96 and a quick ratio of 1.36. NIKE, Inc. has a one year low of $37.97 and a one year high of $76.97. The stock has a market capitalization of $56.55 billion, a PE ratio of 18.24, a price-to-earnings-growth ratio of 1.73 and a beta of 1.10. The business’s fifty day moving average is $41.74 and its 200 day moving average is $46.67.

NIKE (NYSE:NKE) last released 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 company had revenue of $10.97 billion during 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 for the quarter was down 1.1% on a year-over-year basis. During the same period last year, the company earned $0.14 EPS. On average, sell-side analysts predict that NIKE, Inc. will post 1.74 EPS for the current year.

NIKE Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Tuesday, September 1st will be given 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 4.3%. NIKE’s dividend payout ratio is 78.47%.

Insider Activity at NIKE

In other NIKE news, CFO Matthew Friend sold 2,463 shares of NIKE 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 $102,460.80. Following the completion of the sale, the chief financial officer owned 82,165 shares of the company’s stock, valued at approximately $3,418,064. The trade was a 2.91% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, COO Venkatesh Alagirisamy sold 890 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 $37,024.00. Following the sale, the chief operating officer owned 74,820 shares of the company’s stock, valued at approximately $3,112,512. This represents 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. Insiders have sold 26,142 shares of company stock worth $1,169,380 in the last three months. 1.10% of the stock is currently owned by company insiders.

More NIKE News

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: NIKE reinstated the chief commercial officer role and appointed Walmart veteran Jane Ewing, potentially strengthening its commercial execution. The company also announced a partnership with Foot Locker to launch The Crenshaw Rec, a community-focused retail and cultural hub in Los Angeles. Nike Reinstates Chief Commercial Officer Role
• Neutral Sentiment: NIKE’s inventory-reduction program is aimed at clearing excess products and reducing future discounting. While the process may pressure near-term margins, new footwear launches and supply-chain improvements could support profitability over time. NIKE Inventory Cleanup
• Negative Sentiment: JPMorgan reaffirmed its “sell” rating on NIKE, adding pressure to the shares and signaling that the firm sees limited upside at current valuation levels. JPMorgan Reaffirms Sell Rating
• Negative Sentiment: JPMorgan lowered its fiscal 2027 earnings outlook and highlighted rising competition in China, raising concerns about weaker international growth and continued earnings-estimate reductions. JPMorgan Cuts Nike 2027 Earnings Outlook
• Negative Sentiment: NIKE recently underperformed the broader market, reinforcing investor concerns about ongoing brand, demand and execution challenges. Nike Underperforms the General Market

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).