322,092 NIKE, Inc. $NKE Shares Sold by Cacti Asset Management LLC

Cacti Asset Management LLC reduced its stake in NIKE, Inc. (NYSE:NKE) by 92.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 26,690 shares of the footwear maker’s stock after selling 322,092 shares during the period. Cacti Asset Management LLC’s holdings in NIKE were worth $957,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Scarborough Advisors LLC acquired a new position in shares of NIKE during the first quarter worth $25,000. Cornerstone Financial Management LLC bought a new stake in NIKE during the 4th quarter worth $26,000. Sankala Group LLC bought a new stake in NIKE during the 4th quarter worth $26,000. Meeder Asset Management Inc. increased its holdings in NIKE by 108.4% in the 1st quarter. Meeder Asset Management Inc. now owns 548 shares of the footwear maker’s stock worth $29,000 after purchasing an additional 285 shares in the last quarter. Finally, Atlas Wealth LLC acquired a new position in NIKE in the 1st quarter worth about $31,000. 64.25% of the stock is owned by institutional investors.

NIKE Trading Up 1.7%

NYSE:NKE traded up $0.62 on Thursday, reaching $36.02. 22,178,592 shares of the stock traded hands, compared to its average volume of 23,009,238. The firm has a market capitalization of $53.43 billion, a price-to-earnings ratio of 17.22, a price-to-earnings-growth ratio of 2.02 and a beta of 1.10. The company’s 50 day moving average is $39.16 and its 200-day moving average is $43.07. 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 1-year low of $35.15 and a 1-year high of $76.97.

NIKE (NYSE:NKE) last posted its quarterly earnings data on Tuesday, June 30th. The footwear maker reported $0.20 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 for the quarter, compared to analyst estimates of $10.85 billion. During the same period in the prior year, the firm posted $0.14 EPS. The company’s quarterly revenue was down 1.1% on a year-over-year basis. Equities research analysts anticipate that NIKE, Inc. will post 1.64 EPS for the current fiscal year.

NIKE Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Tuesday, September 1st will be given a $0.41 dividend. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $1.64 annualized dividend and a dividend yield of 4.6%. NIKE’s dividend payout ratio (DPR) is 78.47%.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Benchmark raised NIKE to a “hold” rating in a research note on Tuesday, September 22nd. Oppenheimer set a $52.00 price objective on shares of NIKE and gave the company an “outperform” rating in a report on Wednesday, September 23rd. Weiss Ratings upgraded shares of NIKE from a “sell (d)” rating to a “sell (d+)” rating in a research report on Friday, July 17th. China Renaissance reduced their target price on shares of NIKE from $50.30 to $47.30 and set a “hold” rating on the stock in a report on Thursday, July 2nd. Finally, Berenberg Bank set a $49.00 price target on shares of NIKE and gave the company a “hold” rating in a research report on Friday, July 3rd. One equities research analyst has rated the stock with a Strong Buy rating, nine have given a Buy rating, twenty-one have issued a Hold rating and seven have given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $46.62.

Key NIKE News

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: Record short interest—estimated at about 87 million shares—could amplify any rally if Nike reports results or guidance above expectations and forces bearish investors to cover positions. NKE short-interest article
• Positive Sentiment: Investors are watching new products, including WNBA star Caitlin Clark’s Caitlin 1 signature shoe, as potential evidence that Nike can rebuild product momentum and reconnect with consumers. Some retail investors remain constructive and view the selloff as an opportunity to reinvest. Caitlin 1 catalyst article
• Neutral Sentiment: Options markets imply a sizable post-earnings move, reflecting unusually high uncertainty rather than a clear directional outlook. Consensus expectations reportedly call for approximately $0.44 in EPS and $11.34 billion in revenue, with investors focused on China sales, margins, inventories, and management’s recovery timeline. Nike earnings expectations article
• Negative Sentiment: Bank of America cautioned that weak sales, margin pressure, and a delayed turnaround could push NKE lower. Analysts have also reduced price targets and expect conservative guidance, suggesting that even an earnings beat may not be enough without stronger signs of recovery. Bank of America Nike outlook
• Negative Sentiment: Previews generally expect year-over-year declines in quarterly earnings and revenue, reinforcing concerns that Nike’s turnaround is progressing too slowly and that the company may struggle to regain market share. Traders are therefore positioned for the stock to potentially test new multiyear lows after the report. Nike earnings preview

Insiders Place Their Bets

In related news, COO Venkatesh Alagirisamy sold 3,671 shares of the company’s stock in a transaction dated Wednesday, September 9th. The stock was sold at an average price of $37.59, for a total transaction of $137,992.89. Following the sale, the chief operating officer owned 104,862 shares in the company, valued at $3,941,762.58. This represents a 3.38% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Philip McCartney sold 2,559 shares of the firm’s stock in a transaction that occurred on Wednesday, September 9th. The stock was sold at an average price of $37.59, for a total value of $96,192.81. Following the sale, the executive vice president directly owned 78,121 shares of the company’s stock, valued at $2,936,568.39. This represents a 3.17% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 14,974 shares of company stock valued at $600,126 over the last 90 days. 1.10% of the stock is owned by company insiders.

NIKE Company Profile

NIKE, Inc is a global sportswear company that designs, develops, markets and sells athletic footwear, apparel, equipment, accessories and related services. Its products are marketed under the NIKE, Jordan and Converse brands and are used across a broad range of sports and lifestyle activities, including running, basketball, football, training and outdoor pursuits.

The company distributes its products through a combination of wholesale partners, NIKE-owned retail stores and digital platforms.