NIKE, Inc. $NKE Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp lessened its stake in NIKE, Inc. (NYSE:NKE) by 5.6% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 17,713,364 shares of the footwear maker’s stock after selling 1,045,134 shares during the period. Bank of New York Mellon Corp’s holdings in NIKE were worth $1,235,153,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in shares of NIKE by 0.6% in the second quarter. Vanguard Group Inc. now owns 113,823,785 shares of the footwear maker’s stock valued at $8,086,042,000 after acquiring an additional 672,705 shares in the last quarter. State Street Corp boosted its stake in NIKE by 2.8% during the 2nd quarter. State Street Corp now owns 59,154,159 shares of the footwear maker’s stock valued at $4,225,441,000 after purchasing an additional 1,590,603 shares in the last quarter. Invesco Ltd. increased its position in shares of NIKE by 66.1% during the 2nd quarter. Invesco Ltd. now owns 12,157,198 shares of the footwear maker’s stock valued at $863,647,000 after purchasing an additional 4,840,114 shares during the period. Jennison Associates LLC raised its stake in shares of NIKE by 42.3% in the 3rd quarter. Jennison Associates LLC now owns 11,838,528 shares of the footwear maker’s stock worth $825,501,000 after buying an additional 3,518,666 shares in the last quarter. Finally, Norges Bank acquired a new stake in shares of NIKE in the second quarter valued at $835,063,000. 64.25% of the stock is currently owned by institutional investors.

Insider Activity

In other NIKE news, CEO Elliott Hill bought 16,388 shares of the stock in a transaction on Monday, December 29th. The shares were bought at an average price of $61.10 per share, with a total value of $1,001,306.80. Following the purchase, the chief executive officer directly owned 241,587 shares in the company, valued at $14,760,965.70. The trade was a 7.28% increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Jorgen Vig Knudstorp purchased 16,150 shares of NIKE stock in a transaction dated Friday, November 7th. The stock was bought at an average cost of $62.09 per share, with a total value of $1,002,753.50. Following the completion of the transaction, the director directly owned 21,388 shares of the company’s stock, valued at $1,327,980.92. This represents a 308.32% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last three months, insiders acquired 91,229 shares of company stock worth $5,452,640. Corporate insiders own 0.80% of the company’s stock.

NIKE Trading Down 2.9%

NIKE stock opened at $63.11 on Wednesday. NIKE, Inc. has a 52 week low of $52.28 and a 52 week high of $82.44. The company has a debt-to-equity ratio of 0.50, a quick ratio of 1.40 and a current ratio of 2.06. The firm has a market capitalization of $93.42 billion, a price-to-earnings ratio of 37.12, a P/E/G ratio of 3.38 and a beta of 1.28. The company has a 50 day moving average price of $63.97 and a 200 day moving average price of $68.86.

NIKE (NYSE:NKE) last announced its earnings results on Thursday, December 18th. The footwear maker reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.16. The company had revenue of $12.43 billion for the quarter, compared to the consensus estimate of $12.19 billion. NIKE had a net margin of 5.43% and a return on equity of 18.43%. The company’s revenue was up .6% on a year-over-year basis. During the same period in the previous year, the business earned $0.78 EPS. Research analysts forecast that NIKE, Inc. will post 2.05 EPS for the current year.

NIKE Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, January 2nd. Shareholders of record on Monday, December 1st were given a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 2.6%. The ex-dividend date was Monday, December 1st. This is a boost from NIKE’s previous quarterly dividend of $0.40. NIKE’s dividend payout ratio is 96.47%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on NKE shares. Weiss Ratings upgraded shares of NIKE from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, January 12th. UBS Group reiterated a “neutral” rating on shares of NIKE in a report on Monday, January 5th. Barclays restated a “neutral” rating on shares of NIKE in a report on Thursday, January 15th. JPMorgan Chase & Co. dropped their price target on NIKE from $100.00 to $86.00 and set a “buy” rating on the stock in a report on Monday, November 17th. Finally, Sanford C. Bernstein reiterated a “buy” rating and set a $85.00 price objective on shares of NIKE in a research report on Tuesday, January 6th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $74.65.

More NIKE News

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: BTIG reaffirmed a “buy” on NKE and set a $100 price target, signaling strong upside from current levels and giving investors a reason to view recent weakness as a buying opportunity. Benzinga: BTIG buy rating
• Positive Sentiment: Insider/management buying highlighted in commentary (Fool) — Nike’s CEO has been buying shares, which investors often see as a vote of confidence in the turnaround. Nike Stock Is Down, but Is It a Buy?
• Neutral Sentiment: Longer-term debate over relative value persists — several write-ups compare Nike to peers (Adidas) and weigh valuation vs. growth, leaving investors to decide if the pullback offers a durable value entry. ADDYY or NKE: Which Is the Better Value Stock Right Now?
• Neutral Sentiment: Some analysts note top-line stabilization but mixed segment trends — commentators say Nike’s revenue has steadied but certain regions/products still lag, making the recovery uneven. Down More Than 50% in 3 Years, Is Now Finally the Time to Buy Nike Stock?
• Negative Sentiment: Nike announced plans to cut ~775 U.S. distribution jobs to accelerate automation and improve margins — the move reduces costs but raises near-term execution and reputational risks; it’s a key reason for today’s negative sentiment. Nike to cut 775 jobs in US distribution centers, CNBC reports
• Negative Sentiment: Nike is investigating claims by a ransomware group that it leaked 1.4 TB of company data — a potential breach raises legal, operational and brand risks; uncertainty around scope likely weighed on the stock. Nike says it is investigating possible data breach
• Negative Sentiment: Demand headwinds in China and softer digital traffic are testing Nike’s two major growth engines, raising questions about the pace of the turnaround and near-term revenue recovery. Can NIKE Regain Its Stride as China and Digital Momentum Falter?
• Negative Sentiment: Market reports and wire coverage note the stock fell on the session as these operational and security concerns outweighed the positive notes. Nike (NKE) Stock Sinks As Market Gains: Here’s Why

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).