Greenleaf Trust Has $5.92 Million Position in NIKE, Inc. $NKE

Greenleaf Trust lifted its holdings in shares of NIKE, Inc. (NYSE:NKE) by 12.7% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 144,139 shares of the footwear maker’s stock after purchasing an additional 16,226 shares during the period. Greenleaf Trust’s holdings in NIKE were worth $5,917,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. Main Street Financial Solutions LLC raised its holdings in shares of NIKE by 4.2% in the second quarter. Main Street Financial Solutions LLC now owns 3,441 shares of the footwear maker’s stock valued at $244,000 after buying an additional 139 shares during the last quarter. ANB Bank lifted its position in NIKE by 0.7% during the 4th quarter. ANB Bank now owns 25,451 shares of the footwear maker’s stock worth $1,621,000 after buying an additional 165 shares in the last quarter. Cornerstone Wealth Management LLC grew its holdings in NIKE by 4.4% during the 4th quarter. Cornerstone Wealth Management LLC now owns 3,970 shares of the footwear maker’s stock worth $253,000 after acquiring an additional 169 shares during the last quarter. Activest Wealth Management grew its holdings in NIKE by 27.4% during the 4th quarter. Activest Wealth Management now owns 810 shares of the footwear maker’s stock worth $52,000 after acquiring an additional 174 shares during the last quarter. Finally, Blue Bell Private Wealth Management LLC increased its position in NIKE by 14.1% in the 4th quarter. Blue Bell Private Wealth Management LLC now owns 1,416 shares of the footwear maker’s stock valued at $90,000 after acquiring an additional 175 shares in the last quarter. Institutional investors own 64.25% of the company’s stock.

NIKE News Summary

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: Traders purchased 182,729 NKE call options, 59% above typical daily call volume. The activity may reflect increased bullish speculation, although options positioning does not guarantee sustained buying in the shares.
• Positive Sentiment: Grupo SBF extended its exclusive Nike distribution agreement in Brazil through 2034. The longer arrangement provides continued access to an important Latin American market and supports Nike’s regional distribution network. Grupo SBF Extends Exclusive Nike Distribution Deal in Brazil to 2034
• Neutral Sentiment: NIKE said it will release fiscal first-quarter 2027 results on October 1 after the market close, followed by a management conference call. Investors will look for evidence that the company’s turnaround is improving sales, inventory levels and margins. NIKE Announces First Quarter Fiscal 2027 Earnings and Conference Call
• Neutral Sentiment: NIKE appointed Walmart veteran Jane Ewing as chief commercial officer to help lead its comeback. The hire could strengthen execution and retail strategy, but investors are likely to want measurable results before assigning significant value to the turnaround. Nike Taps Walmart Veteran to Help Drive Comeback
• Negative Sentiment: Reports say Nike’s China business continues to shrink as domestic competitors gain market share and the brand struggles to remain locally relevant. China weakness threatens a key source of long-term growth. Why America’s Biggest Brands Keep Losing in China
• Negative Sentiment: Analysts and market commentary continue to cite soft consumer confidence, weaker traffic, excess legacy inventory and doubts about product innovation. These concerns reinforce expectations for a prolonged recovery and have contributed to reduced price targets and bearish sentiment.

Wall Street Analyst Weigh In

NKE has been the subject of a number of research analyst reports. Oppenheimer dropped their target price on shares of NIKE from $120.00 to $60.00 and set an “outperform” rating for the company in a research note on Friday, June 26th. Sanford C. Bernstein reissued an “outperform” rating and set a $68.00 price target (down from $72.00) on shares of NIKE in a research note on Wednesday, July 29th. Wall Street Zen raised shares of NIKE from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $40.00 price target (down from $47.00) on shares of NIKE in a report on Tuesday, August 4th. Finally, Evercore set a $46.00 price objective on shares of NIKE and gave the stock an “in-line” rating in a research report on Tuesday, June 23rd. One investment analyst has rated the stock with a Strong Buy rating, twelve have issued a Buy rating, twenty have issued a Hold rating and four have issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $52.94.

NIKE Stock Performance

Shares of NYSE:NKE opened at $39.57 on Friday. The company has a current ratio of 1.96, a quick ratio of 1.36 and a debt-to-equity ratio of 0.40. NIKE, Inc. has a 1-year low of $38.17 and a 1-year high of $79.13. The stock has a market capitalization of $58.70 billion, a P/E ratio of 18.93, a P/E/G ratio of 1.76 and a beta of 1.11. The business has a 50-day moving average price of $41.91 and a two-hundred day moving average price of $47.11.

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 firm 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 annualized dividend and a yield of 4.1%. The ex-dividend date is Tuesday, September 1st. NIKE’s dividend payout ratio is currently 78.47%.

Insider Buying and Selling at NIKE

In other NIKE news, COO Venkatesh Alagirisamy sold 890 shares of the company’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 completion of the sale, the chief operating officer owned 74,820 shares in the company, valued at approximately $3,112,512. The trade was a 1.18% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Matthew Friend sold 2,463 shares of the stock in a transaction 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 transaction, the chief financial officer directly owned 82,165 shares in the company, valued at approximately $3,418,064. This trade represents a 2.91% 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 have sold 26,142 shares of company stock valued at $1,169,380. 1.10% of the stock is currently owned by corporate insiders.

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).