NIKE, Inc. $NKE Shares Sold by Granite Investment Partners LLC

Granite Investment Partners LLC cut its stake in NIKE, Inc. (NYSE:NKE) by 59.9% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,543 shares of the footwear maker’s stock after selling 20,265 shares during the period. Granite Investment Partners LLC’s holdings in NIKE were worth $715,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. J. Stern & Co. LLP boosted its stake in shares of NIKE by 49,010.4% in the 4th quarter. J. Stern & Co. LLP now owns 48,054,542 shares of the footwear maker’s stock valued at $3,061,555,000 after buying an additional 47,956,692 shares during the period. Norges Bank purchased a new stake in shares of NIKE during the fourth quarter worth approximately $829,956,000. Harris Associates L P purchased a new stake in shares of NIKE during the second quarter worth approximately $621,525,000. Capital World Investors raised its holdings in NIKE by 16.2% in the fourth quarter. Capital World Investors now owns 49,069,951 shares of the footwear maker’s stock valued at $3,126,246,000 after acquiring an additional 6,830,938 shares in the last quarter. Finally, Jasper Ridge Partners L.P. raised its holdings in NIKE by 2,492.4% in the fourth quarter. Jasper Ridge Partners L.P. now owns 4,883,229 shares of the footwear maker’s stock valued at $311,111,000 after acquiring an additional 4,694,859 shares in the last quarter. 64.25% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have commented on NKE shares. Deutsche Bank Aktiengesellschaft lowered their price target on shares of NIKE from $51.00 to $43.00 and set a “hold” rating for the company in a report on Friday, June 26th. UBS Group set a $48.00 price objective on shares of NIKE and gave the company a “neutral” rating in a report on Wednesday, July 1st. The Goldman Sachs Group decreased their price objective on shares of NIKE from $46.00 to $42.00 and set a “neutral” rating for the company in a research report on Wednesday, July 1st. CICC Research downgraded shares of NIKE from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from $69.00 to $58.00 in a research note on Monday, April 6th. Finally, China Renaissance lowered their target price on shares of NIKE from $74.60 to $50.30 and set a “hold” rating for the company in a research note on Thursday, April 2nd. Thirteen research analysts have rated the stock with a Buy rating, nineteen have given a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, NIKE presently has an average rating of “Hold” and an average price target of $54.80.

Insider Activity

In related news, EVP Philip Mccartney sold 17,398 shares of the company’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $46.18, for a total value of $803,439.64. Following the completion of the sale, the executive vice president directly owned 53,133 shares of the company’s stock, valued at $2,453,681.94. This represents a 24.67% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 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. Also, CEO Elliott Hill bought 23,660 shares of the firm’s stock in a transaction that occurred on Monday, April 13th. The stock was purchased at an average cost of $42.27 per share, with a total value of $1,000,108.20. Following the completion of the transaction, the chief executive officer owned 265,247 shares in the company, valued at approximately $11,211,990.69. This trade represents a 9.79% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Company insiders own 0.80% of the company’s stock.

Key Headlines Impacting NIKE

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: NIKE’s turnaround is showing traction in running, training, performance categories, and wholesale channels, which supports the longer-term recovery story. NIKE Trends to Watch as Sports Growth Fights Tariffs and China
• Positive Sentiment: NIKE posted an earnings beat, and a Truist analyst reiterated a Buy rating with a $47 price target, showing some Wall Street confidence in the reset. Nike’s Management Cautious Despite Earnings Beat
• Neutral Sentiment: Investors are closely watching NIKE because the name is drawing elevated attention after earnings, but the setup remains mixed. NIKE, Inc. (NKE) is Attracting Investor Attention: Here is What You Should Know
• Neutral Sentiment: The company is returning cash to shareholders through dividends and buybacks, but this is not enough on its own to change the near-term stock narrative. How NIKE’s Capital Returns Show the Tax Tradeoff Between Dividends and Buybacks
• Negative Sentiment: Recent commentary warns that weak estimates, channel pressure, China softness, and tariff risks make it hard to call NIKE a clear value opportunity right now. Is NKE Stock a Buy or Value Trap After Its 2026 Reset Effort?
• Negative Sentiment: Analysts say NIKE’s 2026 outlook remains uneven, with weakness in Sportswear, NIKE Direct, and China still offsetting progress elsewhere. NIKE Stock Outlook 2026 as Recovery Stays Uneven Across Markets

NIKE Trading Down 0.3%

Shares of NIKE stock opened at $42.74 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. The company has a fifty day simple moving average of $43.71 and a 200-day simple moving average of $52.46. The stock has a market cap of $63.30 billion, a price-to-earnings ratio of 20.45, a PEG ratio of 2.48 and a beta of 1.12. NIKE, Inc. has a 12-month low of $40.00 and a 12-month high of $80.17.

NIKE (NYSE:NKE) last announced 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 net margin of 6.70% and a return on equity of 16.54%. The firm had revenue of $10.97 billion for the quarter, compared to analyst estimates of $10.85 billion. During the same period last year, the business earned $0.14 EPS. NIKE’s revenue for the quarter was down 1.1% compared to the same quarter last year. On average, equities analysts forecast that NIKE, Inc. will post 1.76 EPS for the current fiscal year.

NIKE Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 1st. Shareholders of record on Monday, June 1st were issued a dividend of $0.41 per share. The ex-dividend date of this dividend was Monday, June 1st. This represents a $1.64 annualized dividend and a dividend yield of 3.8%. NIKE’s dividend payout ratio (DPR) is presently 78.47%.

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).