Oppenheimer Asset Management Inc. Sells 18,781 Shares of NIKE, Inc. $NKE

Oppenheimer Asset Management Inc. decreased its position in NIKE, Inc. (NYSE:NKE) by 79.0% during the 2nd quarter, Holdings Channel reports. The firm owned 5,007 shares of the footwear maker’s stock after selling 18,781 shares during the period. Oppenheimer Asset Management Inc.’s holdings in NIKE were worth $206,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in NKE. Hardy Reed LLC raised its holdings in NIKE by 11.9% during the 2nd quarter. Hardy Reed LLC now owns 6,625 shares of the footwear maker’s stock valued at $272,000 after buying an additional 706 shares during the last quarter. Oppenheimer & Co. Inc. boosted its position in NIKE by 24.8% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 93,761 shares of the footwear maker’s stock valued at $3,849,000 after buying an additional 18,617 shares during the period. Massachusetts Financial Services Co. MA grew its holdings in NIKE by 20.5% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 4,785 shares of the footwear maker’s stock worth $196,000 after acquiring an additional 814 shares during the last quarter. Lester Murray Antman dba SimplyRich increased its position in shares of NIKE by 47.2% in the second quarter. Lester Murray Antman dba SimplyRich now owns 36,182 shares of the footwear maker’s stock valued at $1,485,000 after acquiring an additional 11,608 shares during the period. Finally, Ballast Inc. raised its stake in shares of NIKE by 78.2% during the second quarter. Ballast Inc. now owns 45,737 shares of the footwear maker’s stock valued at $1,878,000 after acquiring an additional 20,076 shares during the last quarter. 64.25% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at NIKE

In related news, CFO Matthew Friend sold 2,463 shares of the stock in a transaction dated 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 transaction, the chief financial officer directly owned 82,165 shares in the company, valued at $3,418,064. This trade represents a 2.91% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Amy Montagne sold 4,867 shares of the stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $42.05, for a total transaction of $204,657.35. Following the completion of the transaction, the insider owned 57,436 shares of the company’s stock, valued at approximately $2,415,183.80. The trade was a 7.81% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 26,142 shares of company stock worth $1,169,380. Corporate insiders own 1.10% 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?

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. DZ Bank reiterated a “buy” rating on shares of NIKE in a report on Tuesday, June 30th. Royal Bank Of Canada restated a “neutral” rating on shares of NIKE in a report on Wednesday, July 1st. Citigroup reaffirmed a “neutral” rating on shares of NIKE in a research report on Wednesday, July 22nd. Argus upgraded NIKE to a “strong-buy” rating in a research report on Wednesday, July 15th. Finally, Sanford C. Bernstein restated an “outperform” rating and set a $68.00 target price (down from $72.00) on shares of NIKE in a report on Wednesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, eighteen have given a Hold rating and five have assigned a Sell rating to the company. According to data from MarketBeat.com, NIKE has a consensus rating of “Hold” and a consensus target price of $53.53.

NIKE Stock Up 2.5%

NKE stock opened at $40.06 on Wednesday. NIKE, Inc. has a fifty-two week low of $38.86 and a fifty-two week high of $80.17. The company has a market capitalization of $59.43 billion, a price-to-earnings ratio of 19.17, a price-to-earnings-growth ratio of 1.81 and a beta of 1.11. The business’s 50 day moving average price is $42.73 and its two-hundred day moving average price is $48.29. The company has a debt-to-equity ratio of 0.40, a quick ratio of 1.36 and a current ratio of 1.96.

NIKE (NYSE:NKE) last released its earnings results on Tuesday, June 30th. The footwear maker reported $0.20 EPS for the quarter, beating analysts’ consensus estimates of $0.11 by $0.09. NIKE had a return on equity of 16.54% and a net margin of 6.70%.The company had revenue of $10.97 billion during the quarter, compared to analysts’ expectations of $10.85 billion. During the same quarter last year, the business posted $0.14 EPS. The firm’s revenue for the quarter was down 1.1% compared to the same quarter last year. As a group, analysts forecast that NIKE, Inc. will post 1.74 earnings per share for the current fiscal year.

NIKE Announces Dividend

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