Bowie Capital Management LLC Grows Stock Position in NIKE, Inc. $NKE

Bowie Capital Management LLC increased its stake in NIKE, Inc. (NYSE:NKE) by 48.5% in the first quarter, HoldingsChannel reports. The fund owned 190,903 shares of the footwear maker’s stock after purchasing an additional 62,345 shares during the period. NIKE makes up about 0.4% of Bowie Capital Management LLC’s portfolio, making the stock its 23rd biggest position. Bowie Capital Management LLC’s holdings in NIKE were worth $10,083,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently bought and sold shares of NKE. First Trust Advisors LP grew its position in NIKE by 30.5% during the 1st quarter. First Trust Advisors LP now owns 397,457 shares of the footwear maker’s stock worth $20,994,000 after acquiring an additional 92,993 shares during the last quarter. Saturna Capital Corp lifted its position in NIKE by 18.5% in the first quarter. Saturna Capital Corp now owns 356,440 shares of the footwear maker’s stock valued at $18,827,000 after purchasing an additional 55,710 shares during the last quarter. Himension Capital Singapore PTE. LTD. bought a new stake in NIKE in the first quarter valued at approximately $100,000. Oslo Pensjonsforsikring AS purchased a new stake in shares of NIKE during the first quarter valued at approximately $123,000. Finally, Andra AP fonden boosted its stake in shares of NIKE by 1,731.4% during the first quarter. Andra AP fonden now owns 234,417 shares of the footwear maker’s stock valued at $12,382,000 after purchasing an additional 221,617 shares during the period. 64.25% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, EVP Philip Mccartney sold 17,398 shares of the business’s stock in a transaction dated Friday, June 12th. The shares were sold at an average price of $46.18, for a total transaction of $803,439.64. Following the transaction, the executive vice president owned 53,133 shares in the company, valued at $2,453,681.94. The trade was a 24.67% decrease in their ownership of the stock. The sale was disclosed in a 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. 1.10% of the stock is owned by corporate insiders.

More NIKE News

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: NIKE is aiming to regain pricing power and reduce marketplace clutter in China by steering online sales toward its own website, app, and select flagship storefronts, which could strengthen brand presentation if it works. After tackling discounts in China, Nike still needs to win back shoppers
• Positive Sentiment: Some analysts still see meaningful upside longer term, with coverage citing a potentially attractive valuation despite the stock’s recent weakness. Nike Continues a Troubled 2026 But Has Potential to Double According to Morningstar
• Neutral Sentiment: NIKE’s latest earnings beat expectations, but revenue still declined year over year, leaving the turnaround narrative intact rather than clearly resolved.
• Negative Sentiment: Wall Street skepticism is growing after NIKE said it will end online distribution through several China partners starting in 2027, with analysts warning that sales could be pressured and market share could slip during the transition. NKE Stock Slips As Nike’s China E-Commerce Reset Draws Wall Street Skepticism
• Negative Sentiment: Reuters and other reports say Nike has been losing sales in China for eight straight quarters, and the overhaul highlights how dependent the turnaround is on winning back shoppers in a highly competitive market. Nike to tighten online sales in China amid ‘cluttered’ marketplace
• Negative Sentiment: Zacks Research cut multiple forward earnings estimates and kept a “Strong Sell” rating, reinforcing concerns that NIKE’s recovery may take longer than investors hoped. NIKE, Inc. stock news

NIKE Price Performance

Shares of NIKE stock opened at $42.22 on Thursday. The business has a 50 day moving average of $43.70 and a 200 day moving average of $51.37. NIKE, Inc. has a 52 week low of $40.00 and a 52 week high of $80.17. The company has a market cap of $62.52 billion, a PE ratio of 20.20, a P/E/G ratio of 1.91 and a beta of 1.12. 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 released its quarterly earnings results on Tuesday, June 30th. The footwear maker reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.09. The business had revenue of $10.97 billion for the quarter, compared to analysts’ expectations of $10.85 billion. NIKE had a net margin of 6.70% and a return on equity of 16.54%. The firm’s revenue for the quarter was down 1.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.14 earnings per share. As a group, equities research analysts forecast that NIKE, Inc. will post 1.74 earnings per share for the current year.

NIKE Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 1st. Stockholders of record on Monday, June 1st were paid a dividend of $0.41 per share. The ex-dividend date of this dividend was Monday, June 1st. This represents a $1.64 dividend on an annualized basis and a dividend yield of 3.9%. NIKE’s payout ratio is presently 78.47%.

Wall Street Analyst Weigh In

Several research analysts recently commented on NKE shares. DA Davidson downgraded shares of NIKE from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $72.00 to $46.00 in a research note on Thursday, April 2nd. Wells Fargo & Company dropped their price target on shares of NIKE from $45.00 to $40.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 1st. The Goldman Sachs Group cut their price target on shares of NIKE from $46.00 to $42.00 and set a “neutral” rating on the stock in a report on Wednesday, July 1st. HSBC cut shares of NIKE from a “buy” rating to a “hold” rating and decreased their price objective for the company from $90.00 to $48.00 in a research report on Monday, April 13th. Finally, Jefferies Financial Group lowered their price objective on shares of NIKE from $90.00 to $75.00 and set a “buy” rating for the company in a research note on Wednesday, July 1st. One investment analyst has rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, nineteen have issued a Hold rating and four have given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $53.86.

About NIKE

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).