NIKE, Inc. $NKE Shares Acquired by AMG National Trust Bank

AMG National Trust Bank increased its position in shares of NIKE, Inc. (NYSE:NKE) by 148.3% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 37,257 shares of the footwear maker’s stock after buying an additional 22,251 shares during the quarter. AMG National Trust Bank’s holdings in NIKE were worth $1,968,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in NKE. Cornerstone Financial Management LLC purchased a new position in shares of NIKE during the fourth quarter worth about $26,000. Sankala Group LLC purchased a new stake in NIKE during the 4th quarter valued at approximately $26,000. J.Safra Asset Management Corp acquired a new stake in NIKE during the 4th quarter worth approximately $29,000. Kemnay Advisory Services Inc. acquired a new stake in NIKE during the 4th quarter worth approximately $30,000. Finally, Litman Gregory Wealth Management LLC purchased a new position in shares of NIKE in the 4th quarter valued at approximately $32,000. Institutional investors and hedge funds own 64.25% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on NKE. Deutsche Bank Aktiengesellschaft dropped their target price on NIKE from $51.00 to $43.00 and set a “hold” rating on the stock in a report on Friday, June 26th. Guggenheim reiterated a “buy” rating and issued a $60.00 price objective (down from $74.00) on shares of NIKE in a research report on Wednesday, July 1st. Citigroup dropped their price objective on shares of NIKE from $47.00 to $45.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 1st. Barclays cut their price objective on shares of NIKE from $67.00 to $52.00 and set an “overweight” rating for the company in a research report on Wednesday, July 1st. Finally, BNP Paribas Exane restated an “underperform” rating and issued a $23.00 target price on shares of NIKE in a research note on Wednesday, July 1st. Thirteen investment analysts have rated the stock with a Buy rating, nineteen have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $54.80.

NIKE Stock Performance

NKE opened at $42.94 on Wednesday. NIKE, Inc. has a 1-year low of $40.00 and a 1-year high of $80.17. The stock has a market cap of $63.59 billion, a P/E ratio of 20.55, a P/E/G ratio of 2.53 and a beta of 1.12. The stock’s 50 day simple moving average is $43.70 and its 200 day simple moving average is $52.15. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.96 and a quick ratio of 1.36.

NIKE (NYSE:NKE) last issued its quarterly earnings data on Tuesday, June 30th. The footwear maker reported $0.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.09. The firm had revenue of $10.97 billion during the quarter, compared to analysts’ expectations of $10.85 billion. NIKE had a return on equity of 16.54% and a net margin of 6.70%.NIKE’s revenue was down 1.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.14 earnings per share. As a group, equities analysts anticipate that NIKE, Inc. will post 1.76 EPS for the current fiscal year.

NIKE Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 1st. Investors of record on Monday, June 1st were paid a $0.41 dividend. The ex-dividend date of this dividend was Monday, June 1st. This represents a $1.64 dividend on an annualized basis and a yield of 3.8%. NIKE’s dividend payout ratio is presently 78.47%.

NIKE News Roundup

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: Nike’s dividend yield is drawing renewed attention from income-focused investors, which may provide some support for the stock at current levels. Article Title
• Positive Sentiment: Brand investments are helping strengthen demand and engagement, which could support longer-term growth if Nike can translate spending into better sales trends. Article Title
• Neutral Sentiment: Brokerages currently rate NIKE, Inc. (NYSE: NKE) at an average of “Hold,” reflecting a cautious but not outright bearish stance. Article Title
• Neutral Sentiment: Long-term performance has lagged broad market returns, reinforcing the view that Nike’s stock needs a clearer growth catalyst to re-rate higher. Article Title
• Negative Sentiment: Nike is shifting away from a digital-first growth strategy after online sales declined, raising concerns about the durability of one of its key growth pillars. Article Title
• Negative Sentiment: Several analysts and commentary pieces highlight downside risk, margin pressure, and weak retail conditions, with broader apparel industry headwinds also weighing on sentiment. Article Title
• Negative Sentiment: Higher marketing and transformation costs could squeeze near-term margins, even if brand investments help demand over time. Article Title
• Negative Sentiment: Recent earnings optimism was clouded by one-time tariff refund benefits, making underlying profitability look weaker once that boost is removed. Article Title

Insider Transactions at NIKE

In other NIKE news, EVP Philip Mccartney sold 17,398 shares of the stock in a transaction on Friday, June 12th. The stock was sold at an average price of $46.18, for a total transaction of $803,439.64. Following the sale, the executive vice president owned 53,133 shares in the company, valued at approximately $2,453,681.94. This represents a 24.67% decrease in their position. The sale was disclosed in a 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. Insiders own 0.80% of the company’s stock.

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).