NIKE, Inc. $NKE Shares Sold by Quantinno Capital Management LP

Quantinno Capital Management LP trimmed its holdings in NIKE, Inc. (NYSE:NKE) by 26.6% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 169,840 shares of the footwear maker’s stock after selling 61,554 shares during the period. Quantinno Capital Management LP’s holdings in NIKE were worth $8,971,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Westerkirk Capital Inc. lifted its holdings in shares of NIKE by 52.4% during the fourth quarter. Westerkirk Capital Inc. now owns 131,220 shares of the footwear maker’s stock worth $8,360,000 after purchasing an additional 45,100 shares during the period. OMERS ADMINISTRATION Corp increased its stake in NIKE by 77.9% in the 4th quarter. OMERS ADMINISTRATION Corp now owns 2,526,179 shares of the footwear maker’s stock valued at $160,943,000 after buying an additional 1,106,499 shares during the period. PFA Pension Forsikringsaktieselskab purchased a new position in NIKE during the 4th quarter worth $43,188,000. Nicholas Company Inc. lifted its stake in shares of NIKE by 33.3% in the 4th quarter. Nicholas Company Inc. now owns 123,652 shares of the footwear maker’s stock worth $7,878,000 after acquiring an additional 30,890 shares during the period. Finally, Stoneridge Investment Partners LLC lifted its stake in shares of NIKE by 1,253.6% in the 4th quarter. Stoneridge Investment Partners LLC now owns 78,846 shares of the footwear maker’s stock worth $5,023,000 after acquiring an additional 73,021 shares during the period. Hedge funds and other institutional investors own 64.25% of the company’s stock.

Insider Buying and Selling at NIKE

In related news, EVP Philip Mccartney sold 17,398 shares of the company’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 value of $803,439.64. Following the sale, the executive vice president owned 53,133 shares in the company, valued at $2,453,681.94. This represents a 24.67% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at 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. 1.10% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft boosted their price target on shares of NIKE from $43.00 to $45.00 and gave the stock a “hold” rating in a research note on Friday, July 17th. UBS Group set a $48.00 price objective on shares of NIKE and gave the company a “neutral” rating in a research report on Wednesday, July 1st. Zacks Research lowered NIKE from a “hold” rating to a “strong sell” rating in a report on Monday, June 1st. The Goldman Sachs Group dropped their target price on NIKE from $46.00 to $42.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 1st. Finally, CICC Research cut their target price on NIKE from $58.00 to $44.80 and set a “neutral” rating for the company in a research note on Thursday, July 2nd. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, eighteen have given a Hold rating and five have issued a Sell rating to the company’s stock. According to data from MarketBeat, NIKE has an average rating of “Hold” and an average target price of $53.53.

Key Headlines Impacting NIKE

Here are the key news stories impacting NIKE this week:

• Negative Sentiment: JPMorgan reaffirmed its Underweight rating and cut its price target to $40 from $47, implying limited upside from recent trading levels. The firm believes Nike’s turnaround may create lingering financial headwinds before growth recovers. Benzinga report
• Negative Sentiment: JPMorgan estimates Nike could face roughly a $1 billion China-related headwind. Analysts appear concerned that efforts to reset distribution and rebuild the brand in China could weigh on revenue, margins and earnings in the near term. Barron’s article
• Negative Sentiment: The downgrade reflects skepticism that the “Win Now” plan will deliver a quick turnaround. JPMorgan’s view suggests investors may need to wait longer for stronger product momentum, improved demand and earnings growth. Seeking Alpha article
• Neutral Sentiment: Nike plans to end online sales of its products through Pou Sheng International in mainland China beginning January 1, 2027. The channel represented about 15% of Pou Sheng’s 2025 revenue but only a small portion of its profit; the effect on Nike will depend on how successfully sales are shifted to other digital and retail channels. Yahoo Finance article

NIKE Stock Down 2.5%

Shares of NYSE NKE opened at $41.59 on Wednesday. The stock has a market capitalization of $61.70 billion, a price-to-earnings ratio of 19.90, a price-to-earnings-growth ratio of 1.89 and a beta of 1.11. NIKE, Inc. has a 52 week low of $40.00 and a 52 week high of $80.17. The firm has a 50-day moving average price of $43.46 and a 200 day moving average price of $49.92. The company has a quick ratio of 1.36, a current ratio of 1.96 and a debt-to-equity ratio of 0.40.

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 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 company had revenue of $10.97 billion during the quarter, compared to analysts’ expectations of $10.85 billion. During the same period last year, the company posted $0.14 earnings per share. The firm’s quarterly revenue was down 1.1% compared to the same quarter last year. Equities research analysts anticipate that NIKE, Inc. will post 1.74 EPS for the current fiscal year.

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).