NIKE, Inc. $NKE Shares Sold by Plato Investment Management Ltd

Plato Investment Management Ltd decreased its holdings in shares of NIKE, Inc. (NYSE:NKE) by 33.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 25,250 shares of the footwear maker’s stock after selling 12,822 shares during the period. Plato Investment Management Ltd’s holdings in NIKE were worth $1,030,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of NKE. Cornerstone Financial Management LLC acquired a new stake in NIKE in the fourth quarter valued at $26,000. Sankala Group LLC acquired a new position in shares of NIKE during the 4th quarter worth $26,000. J.Safra Asset Management Corp purchased a new position in shares of NIKE in the 4th quarter valued at about $29,000. Kemnay Advisory Services Inc. purchased a new position in shares of NIKE in the 4th quarter valued at about $30,000. Finally, Scarborough Advisors LLC acquired a new stake in shares of NIKE in the first quarter valued at about $25,000. Institutional investors and hedge funds own 64.25% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on NKE shares. Piper Sandler decreased their price objective on shares of NIKE from $50.00 to $45.00 and set a “neutral” rating on the stock in a report on Wednesday, July 1st. CICC Research dropped their price objective on NIKE from $58.00 to $44.80 and set a “neutral” rating for the company in a research note on Thursday, July 2nd. Royal Bank Of Canada reaffirmed a “neutral” rating on shares of NIKE in a report on Wednesday, July 1st. Telsey Advisory Group set a $47.00 target price on NIKE and gave the stock a “market perform” rating in a research report on Wednesday, July 1st. Finally, Guggenheim restated a “buy” rating and issued a $60.00 price target (down from $74.00) on shares of NIKE in a research report on Wednesday, July 1st. One research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, eighteen have given a Hold rating and five have issued a Sell rating to the stock. According to data from MarketBeat, NIKE has an average rating of “Hold” and a consensus target price of $53.53.

NIKE Stock Performance

NYSE NKE opened at $40.06 on Wednesday. The business’s 50-day moving average price is $42.73 and its 200 day moving average price is $48.29. The company has a current ratio of 1.96, a quick ratio of 1.36 and a debt-to-equity ratio of 0.40. NIKE, Inc. has a twelve month low of $38.86 and a twelve month high of $80.17. The company has a market capitalization of $59.43 billion, a PE ratio of 19.17, a price-to-earnings-growth ratio of 1.81 and a beta of 1.11.

NIKE (NYSE:NKE) last posted its quarterly earnings results on Tuesday, June 30th. The footwear maker reported $0.20 EPS for the quarter, beating the consensus estimate of $0.11 by $0.09. NIKE had a return on equity of 16.54% and a net margin of 6.70%.The company had revenue of $10.97 billion during the quarter, compared to analysts’ expectations of $10.85 billion. During the same quarter in the previous year, the business earned $0.14 EPS. The firm’s revenue was down 1.1% on a year-over-year basis. On average, research analysts predict that NIKE, Inc. will post 1.74 earnings per share for the current year.

NIKE Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Tuesday, September 1st will be given a dividend of $0.41 per share. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $1.64 annualized dividend and a yield of 4.1%. NIKE’s dividend payout ratio is 78.47%.

Key Stories Impacting NIKE

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: Recent results showed improving wholesale demand, particularly in North America, alongside a sharp improvement in gross margin and better-than-expected earnings. Management’s focus on product innovation and marketplace execution is giving some investors hope that the reset under CEO Elliott Hill can eventually restore growth. Why Nike Stock Is Up Today
• Positive Sentiment: Valuation and income appeal are attracting contrarian investors. The stock offers a dividend yield near 4%, and NIKE could potentially extend its dividend-growth streak for a 25th consecutive year in 2026. Several company insiders have also purchased shares recently. Nike Stock Dividend Outlook
• Neutral Sentiment: Analyst targets imply substantial potential upside, with reports citing an average target around $50.66 and a median six-month target of $47.50. However, targets vary widely, underscoring the uncertainty surrounding the turnaround. Nike Price Target Outlook
• Negative Sentiment: Investors remain concerned that the turnaround is taking too long. NIKE has lost roughly 78% from its 2021 peak and more than $200 billion in market value, while weak direct-to-consumer demand, international pressure and a reported decline in China sales continue to weigh on sentiment. Nike Stock Hits Lowest Level Since 2014
• Negative Sentiment: A recent analyst downgrade and weak digital sales have reinforced fears that product and distribution problems will persist. Technical analysts also describe the stock’s trend as severely damaged, limiting confidence that the current rebound represents a durable bottom. What Is Dragging Nike Down?

Insider Activity at NIKE

In other NIKE news, insider Amy Montagne sold 4,867 shares of the stock in a transaction that occurred on Friday, August 7th. The shares were sold at an average price of $42.05, for a total transaction of $204,657.35. Following the transaction, the insider owned 57,436 shares of the company’s stock, valued at $2,415,183.80. This trade represents a 7.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, COO Venkatesh Alagirisamy sold 890 shares of NIKE stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $41.60, for a total transaction of $37,024.00. Following the completion of the transaction, the chief operating officer owned 74,820 shares in the company, valued at approximately $3,112,512. This trade represents a 1.18% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 26,142 shares of company stock worth $1,169,380. Company insiders own 1.10% of the company’s stock.

NIKE Company 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).