HS Management Partners LLC Lowers Stake in NIKE, Inc. $NKE

HS Management Partners LLC cut its holdings in shares of NIKE, Inc. (NYSE:NKE) by 63.8% during the second quarter, Holdings Channel.com reports. The fund owned 81,572 shares of the footwear maker’s stock after selling 144,025 shares during the period. NIKE comprises approximately 1.2% of HS Management Partners LLC’s holdings, making the stock its 24th biggest position. HS Management Partners LLC’s holdings in NIKE were worth $3,349,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Westerkirk Capital Inc. raised its position in NIKE by 52.4% during the fourth quarter. Westerkirk Capital Inc. now owns 131,220 shares of the footwear maker’s stock worth $8,360,000 after acquiring an additional 45,100 shares during the period. OMERS ADMINISTRATION Corp increased its stake in shares of NIKE by 77.9% during the fourth quarter. OMERS ADMINISTRATION Corp now owns 2,526,179 shares of the footwear maker’s stock worth $160,943,000 after purchasing an additional 1,106,499 shares in the last quarter. OneDigital Investment Advisors LLC increased its stake in shares of NIKE by 32.8% during the second quarter. OneDigital Investment Advisors LLC now owns 244,296 shares of the footwear maker’s stock worth $10,028,000 after purchasing an additional 60,375 shares in the last quarter. PFA Pension Forsikringsaktieselskab purchased a new stake in shares of NIKE during the fourth quarter worth about $43,188,000. Finally, Nicholas Company Inc. raised its position in shares of NIKE by 33.3% during the 4th quarter. Nicholas Company Inc. now owns 123,652 shares of the footwear maker’s stock worth $7,878,000 after purchasing an additional 30,890 shares during the last quarter. Hedge funds and other institutional investors own 64.25% of the company’s stock.

Key NIKE News

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?

NIKE Stock Up 2.5%

Shares of NYSE:NKE opened at $40.06 on Wednesday. The company has a quick ratio of 1.36, a current ratio of 1.96 and a debt-to-equity ratio of 0.40. The business has a fifty day moving average of $42.73 and a two-hundred day moving average of $48.29. The stock has a market cap of $59.43 billion, a P/E ratio of 19.17, a PEG ratio of 1.81 and a beta of 1.11. NIKE, Inc. has a 52-week low of $38.86 and a 52-week high of $80.17.

NIKE (NYSE:NKE) last posted its quarterly earnings results on Tuesday, June 30th. The footwear maker reported $0.20 EPS for the quarter, topping the consensus estimate of $0.11 by $0.09. NIKE had a return on equity of 16.54% and a net margin of 6.70%.The business had revenue of $10.97 billion for the quarter, compared to analyst estimates of $10.85 billion. During the same quarter in the previous year, the firm earned $0.14 EPS. The company’s quarterly revenue was down 1.1% compared to the same quarter last year. On average, research analysts expect that NIKE, Inc. will post 1.74 earnings per share for the current year.

NIKE Announces Dividend

The company 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. This represents a $1.64 annualized dividend and a yield of 4.1%. The ex-dividend date is Tuesday, September 1st. NIKE’s dividend payout ratio (DPR) is presently 78.47%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the company. Guggenheim reiterated a “buy” rating and issued a $60.00 price objective (down from $74.00) on shares of NIKE in a report on Wednesday, July 1st. Robert W. Baird reissued an “outperform” rating and set a $70.00 target price on shares of NIKE in a report on Wednesday, July 1st. Oppenheimer lowered their price target on NIKE from $120.00 to $60.00 and set an “outperform” rating on the stock in a research note on Friday, June 26th. BNP Paribas Exane reissued an “underperform” rating on shares of NIKE in a research note on Wednesday, July 22nd. Finally, The Goldman Sachs Group decreased their price objective on NIKE from $46.00 to $42.00 and set a “neutral” rating on the stock in a report on Wednesday, July 1st. One investment analyst has rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, eighteen have assigned a Hold rating and five have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $53.53.

Insider Activity

In other news, insider Amy Montagne sold 4,867 shares of the firm’s stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $42.05, for a total transaction of $204,657.35. Following the completion of the sale, the insider owned 57,436 shares in the company, valued at $2,415,183.80. This trade represents a 7.81% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Venkatesh Alagirisamy sold 890 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 transaction of $37,024.00. Following the sale, the chief operating officer directly owned 74,820 shares in the company, valued at approximately $3,112,512. The trade was 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 sold 26,142 shares of company stock valued at $1,169,380 over the last three months. 1.10% of the stock is currently owned by company insiders.

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).