Thrivent Financial for Lutherans Reduces Stock Holdings in NIKE, Inc. $NKE

Thrivent Financial for Lutherans cut its holdings in NIKE, Inc. (NYSE:NKE) by 95.8% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 58,095 shares of the footwear maker’s stock after selling 1,314,209 shares during the period. Thrivent Financial for Lutherans’ holdings in NIKE were worth $4,136,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Mascoma Wealth Management LLC acquired a new position in NIKE during the second quarter worth about $26,000. Halbert Hargrove Global Advisors LLC increased its stake in shares of NIKE by 952.6% during the 2nd quarter. Halbert Hargrove Global Advisors LLC now owns 400 shares of the footwear maker’s stock worth $28,000 after purchasing an additional 362 shares in the last quarter. Saudi Central Bank acquired a new position in shares of NIKE during the 1st quarter worth approximately $30,000. Matrix Trust Co raised its position in shares of NIKE by 53.1% during the 2nd quarter. Matrix Trust Co now owns 441 shares of the footwear maker’s stock worth $31,000 after purchasing an additional 153 shares during the last quarter. Finally, Twin Peaks Wealth Advisors LLC purchased a new stake in NIKE in the 2nd quarter valued at approximately $31,000. 64.25% of the stock is owned by institutional investors and hedge funds.

More NIKE News

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: Q2 beat on top and bottom line — Nike reported $12.4B in revenue and $0.53 EPS, both ahead of expectations, showing resilience in demand overall. Nike Beats on Earnings But Struggles in China and Faces Tariffs
• Positive Sentiment: North America strength and product wins — North American sales rose ~9% and running category grew ~20%, supporting the turnaround thesis for key categories. Nike’s China conundrum deepens
• Neutral Sentiment: Analyst mix — Some firms reaffirm buys (Guggenheim, Needham/Buys remain) while others cut price targets or mark to market; Berenberg reiterated neutral with a $70 PT. This leaves Street views mixed but not uniformly bearish. MarketScreener Latest Ratings
• Negative Sentiment: Tariff and margin pressure — Gross margin fell ~300 bps (to ~40.6%) and management flagged substantial tariff headwinds (reported ~$1.5B FY impact) and guidance for further margin contraction next quarter. Nike Plunges 11% As Tariffs, China Woes Cloud Outlook
• Negative Sentiment: China slump — Greater China sales plunged (~16–20% reported across outlets), with Chinese DTC digital revenue down sharply, raising concerns that Nike’s China playbook isn’t yet working. Nike is struggling to stay culturally relevant in China
• Negative Sentiment: Guidance and investor reaction — Management guided to low‑single‑digit revenue declines next quarter and warned of margin headwinds; markets focused on that guidance and tariffs, driving heavy selling and large intraday volume. Nike says turnaround plans are ‘in the middle innings’

Analyst Ratings Changes

Several research firms have weighed in on NKE. Jefferies Financial Group reissued a “buy” rating and set a $115.00 price target on shares of NIKE in a research report on Friday, December 12th. Berenberg Bank reiterated a “neutral” rating and set a $70.00 price objective on shares of NIKE in a research report on Friday. UBS Group set a $62.00 target price on shares of NIKE and gave the company a “neutral” rating in a research note on Friday. Wells Fargo & Company set a $65.00 price target on shares of NIKE and gave the stock an “overweight” rating in a research note on Friday. Finally, Weiss Ratings upgraded shares of NIKE from a “sell (d+)” rating to a “hold (c-)” rating in a report on Monday, December 15th. Three research analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and ten have assigned a Hold rating to the company. Based on data from MarketBeat, NIKE currently has an average rating of “Moderate Buy” and an average target price of $78.14.

Insider Transactions at NIKE

In other news, Chairman Mark G. Parker sold 86,078 shares of the stock in a transaction dated Friday, November 14th. The stock was sold at an average price of $64.80, for a total value of $5,577,854.40. Following the completion of the sale, the chairman owned 647,615 shares in the company, valued at approximately $41,965,452. This trade represents a 11.73% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Treasure Heinle sold 4,300 shares of the business’s stock in a transaction that occurred on Monday, October 6th. The stock was sold at an average price of $71.27, for a total value of $306,461.00. Following the transaction, the executive vice president directly owned 29,396 shares in the company, valued at $2,095,052.92. This trade represents a 12.76% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.80% of the company’s stock.

NIKE Stock Down 10.4%

Shares of NYSE NKE opened at $58.80 on Friday. The stock has a market capitalization of $86.91 billion, a PE ratio of 34.59, a P/E/G ratio of 2.07 and a beta of 1.29. The company has a quick ratio of 1.45, a current ratio of 2.19 and a debt-to-equity ratio of 0.59. The firm has a fifty day moving average of $65.05 and a 200-day moving average of $69.44. NIKE, Inc. has a 52-week low of $52.28 and a 52-week high of $82.44.

NIKE (NYSE:NKE) last released its quarterly earnings data on Thursday, December 18th. The footwear maker reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.16. NIKE had a return on equity of 18.61% and a net margin of 5.43%.The business had revenue of $12.43 billion for the quarter, compared to analyst estimates of $12.19 billion. During the same period in the previous year, the company posted $0.78 EPS. The company’s revenue was up .6% compared to the same quarter last year. On average, analysts anticipate that NIKE, Inc. will post 2.05 EPS for the current year.

NIKE Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, January 2nd. Investors of record on Monday, December 1st will be issued a $0.41 dividend. The ex-dividend date is Monday, December 1st. This represents a $1.64 annualized dividend and a yield of 2.8%. This is an increase from NIKE’s previous quarterly dividend of $0.40. NIKE’s payout ratio is currently 96.47%.

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).