Rockland Trust Co. Has $22.64 Million Stock Position in NIKE, Inc. $NKE

Rockland Trust Co. grew its stake in NIKE, Inc. (NYSE:NKE) by 24.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 551,460 shares of the footwear maker’s stock after purchasing an additional 109,923 shares during the period. NIKE makes up approximately 0.9% of Rockland Trust Co.’s holdings, making the stock its 29th largest holding. Rockland Trust Co.’s holdings in NIKE were worth $22,637,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of NKE. Beacon Investment Advisory Services Inc. boosted its stake in NIKE by 13.9% in the 2nd quarter. Beacon Investment Advisory Services Inc. now owns 11,315 shares of the footwear maker’s stock valued at $464,000 after buying an additional 1,383 shares in the last quarter. Aurora Investment Managers LLC. acquired a new position in NIKE during the second quarter worth $289,000. Cooper Financial Group lifted its holdings in shares of NIKE by 39.0% during the second quarter. Cooper Financial Group now owns 5,572 shares of the footwear maker’s stock valued at $229,000 after acquiring an additional 1,563 shares during the period. Elmwood Wealth Management Inc. lifted its holdings in shares of NIKE by 2.7% during the second quarter. Elmwood Wealth Management Inc. now owns 10,666 shares of the footwear maker’s stock valued at $438,000 after acquiring an additional 279 shares during the period. Finally, Elevation Wealth Partners LLC boosted its stake in shares of NIKE by 34.6% in the 2nd quarter. Elevation Wealth Partners LLC now owns 989 shares of the footwear maker’s stock valued at $41,000 after purchasing an additional 254 shares in the last quarter. 64.25% of the stock is owned by institutional investors and hedge funds.

Insider Activity at NIKE

In related news, EVP Philip Mccartney sold 17,398 shares of NIKE stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $46.18, for a total transaction of $803,439.64. Following the transaction, the executive vice president owned 53,133 shares of the company’s stock, valued at $2,453,681.94. This trade represents a 24.67% decrease in their position. The transaction was disclosed in a legal filing 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. 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 business’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 transaction of $37,024.00. Following the transaction, 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 position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 21,275 shares of company stock worth $964,723 in the last ninety days. Company insiders own 1.10% of the company’s stock.

NIKE News Summary

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

Analyst Ratings Changes

A number of equities research analysts recently issued reports on NKE shares. Rothschild & Co Redburn dropped their target price on shares of NIKE from $45.00 to $37.00 and set a “sell” rating for the company in a research report on Friday, July 17th. BTIG Research reaffirmed a “buy” rating and set a $55.00 price objective on shares of NIKE in a report on Wednesday, July 1st. Berenberg Bank set a $49.00 target price on shares of NIKE and gave the company a “hold” rating in a research note on Friday, July 3rd. UBS Group set a $48.00 target price on NIKE and gave the stock a “neutral” rating in a report on Wednesday, July 1st. Finally, Barclays dropped 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. One 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 issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $53.53.

NIKE Stock Performance

Shares of NYSE:NKE opened at $41.66 on Friday. The stock has a market capitalization of $61.81 billion, a P/E ratio of 19.94, a P/E/G ratio of 1.86 and a beta of 1.11. NIKE, Inc. has a 1-year low of $40.00 and a 1-year 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. The business has a 50-day moving average price of $43.18 and a two-hundred day moving average price of $49.55.

NIKE (NYSE:NKE) last issued its earnings results on Tuesday, June 30th. The footwear maker reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate 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 quarter last year, the firm earned $0.14 EPS. The company’s revenue for the quarter was down 1.1% on a year-over-year basis. Equities analysts predict that NIKE, Inc. will post 1.74 earnings per share for the current year.

NIKE Dividend Announcement

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 issued a $0.41 dividend. This represents a $1.64 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date is Tuesday, September 1st. NIKE’s dividend payout ratio is currently 78.47%.

NIKE Company 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).