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

Posted by Renee Jackson on Jul 10th, 2026

Granite Investment Partners LLC reduced its holdings in shares of NIKE, Inc. (NYSE:NKE – Free Report) by 59.9% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund 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 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Brighton Jones LLC lifted its position in NIKE by 388.5% during the 4th quarter. Brighton Jones LLC now owns 202,411 shares of the footwear maker’s stock worth $15,316,000 after acquiring an additional 160,980 shares during the period. Caxton Associates LLP acquired a new position in shares of NIKE in the first quarter valued at approximately $311,000. United Bank increased its holdings in shares of NIKE by 11.3% in the second quarter. United Bank now owns 17,067 shares of the footwear maker’s stock valued at $1,212,000 after purchasing an additional 1,736 shares during the period. NewEdge Advisors LLC raised its stake in shares of NIKE by 0.3% during the second quarter. NewEdge Advisors LLC now owns 64,161 shares of the footwear maker’s stock worth $4,558,000 after purchasing an additional 197 shares during the last quarter. Finally, CIBC Asset Management Inc raised its stake in shares of NIKE by 6.5% during the second quarter. CIBC Asset Management Inc now owns 191,268 shares of the footwear maker’s stock worth $13,588,000 after purchasing an additional 11,646 shares during the last quarter. 64.25% of the stock is currently owned by institutional investors and hedge funds.

NIKE Price Performance

Shares of NYSE NKE opened at $42.74 on Friday. 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, Inc. has a one year low of $40.00 and a one year high of $80.17. The firm has a market capitalization of $63.30 billion, a P/E ratio of 20.45, a PEG ratio of 2.48 and a beta of 1.12. The company’s fifty day moving average is $43.71 and its two-hundred day moving average is $52.46.

NIKE (NYSE:NKE – Get Free Report) last announced its quarterly earnings results on Tuesday, June 30th. The footwear maker reported $0.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.09. NIKE had a net margin of 6.70% and a return on equity of 16.54%. The business had revenue of $10.97 billion during the quarter, compared to the consensus estimate of $10.85 billion. During the same quarter last year, the firm posted $0.14 EPS. The business’s revenue was down 1.1% compared to the same quarter last year. Analysts forecast that NIKE, Inc. will post 1.76 EPS for the current fiscal year.

NIKE Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 1st. Shareholders of record on Monday, June 1st were issued 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 (DPR) is 78.47%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on NKE shares. Sanford C. Bernstein set a $72.00 price objective on shares of NIKE and gave the company an “outperform” rating in a research report on Wednesday, July 1st. CICC Research downgraded shares of NIKE from an “outperform” rating to a “market perform” rating and cut their price objective for the stock from $69.00 to $58.00 in a research report on Monday, April 6th. JPMorgan Chase & Co. cut their price objective on shares of NIKE from $52.00 to $47.00 and set a “neutral” rating for the company in a research report on Monday, June 29th. BTIG Research restated a “buy” rating and issued a $55.00 target price on shares of NIKE in a research note on Wednesday, July 1st. Finally, Truist Financial lowered their target price on shares of NIKE from $69.00 to $57.00 and set a “buy” rating on the stock in a report on Wednesday, April 1st. Thirteen analysts have rated the stock with a Buy rating, nineteen have issued a Hold rating and three have given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $54.80.

View Our Latest Stock Report on NKE

Insider Transactions at NIKE

In other news, EVP Philip Mccartney sold 17,398 shares of the business’s stock in a transaction that occurred 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 of the company’s stock, valued at $2,453,681.94. The trade was a 24.67% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Elliott Hill purchased 23,660 shares of the stock in a transaction that occurred on Monday, April 13th. The stock was purchased at an average price of $42.27 per share, for a total transaction of $1,000,108.20. Following the acquisition, 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 NIKE News

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 Profile

(Free Report)

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).