ABN Amro Investment Solutions Sells 16,814 Shares of NIKE, Inc. $NKE

ABN Amro Investment Solutions cut its holdings in NIKE, Inc. (NYSE:NKE) by 22.2% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 59,081 shares of the footwear maker’s stock after selling 16,814 shares during the quarter. ABN Amro Investment Solutions’ holdings in NIKE were worth $3,121,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC raised its position in NIKE by 388.5% in the fourth quarter. Brighton Jones LLC now owns 202,411 shares of the footwear maker’s stock valued at $15,316,000 after purchasing an additional 160,980 shares during the last quarter. Caxton Associates LLP bought a new stake in shares of NIKE during the first quarter worth about $311,000. United Bank grew its holdings in shares of NIKE by 11.3% during the second quarter. United Bank now owns 17,067 shares of the footwear maker’s stock worth $1,212,000 after purchasing an additional 1,736 shares during the last quarter. NewEdge Advisors LLC grew its holdings in shares of NIKE by 0.3% during the second quarter. NewEdge Advisors LLC now owns 64,161 shares of the footwear maker’s stock worth $4,558,000 after purchasing an additional 197 shares during the last quarter. Finally, CIBC Asset Management Inc increased its stake in shares of NIKE by 6.5% in the second quarter. CIBC Asset Management Inc now owns 191,268 shares of the footwear maker’s stock valued at $13,588,000 after buying an additional 11,646 shares during the period. Institutional investors own 64.25% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on NKE. The Goldman Sachs Group dropped their price objective on shares of NIKE from $46.00 to $42.00 and set a “neutral” rating for the company in a report on Wednesday, July 1st. Stifel Nicolaus set a $45.00 target price on shares of NIKE and gave the stock a “hold” rating in a report on Wednesday, July 1st. Citigroup restated a “neutral” rating on shares of NIKE in a research report on Wednesday. Jefferies Financial Group dropped their price target 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. Finally, Guggenheim reiterated a “buy” rating and set a $60.00 price target (down from $74.00) on shares of NIKE in a report on Wednesday, July 1st. One equities research analyst has rated the stock with a Strong Buy rating, thirteen have given a Buy rating, nineteen have assigned a Hold rating and four have issued a Sell rating to the company. According to data from MarketBeat, NIKE presently has a consensus rating of “Hold” and a consensus price target of $53.86.

NIKE Stock Performance

Shares of NKE stock opened at $40.99 on Friday. The business’s 50 day simple moving average is $43.68 and its 200 day simple moving average is $51.21. NIKE, Inc. has a one year low of $40.00 and a one year high of $80.17. The stock has a market capitalization of $60.70 billion, a PE ratio of 19.61, a PEG ratio of 1.87 and a beta of 1.12. The company has a debt-to-equity ratio of 0.40, a current ratio of 1.96 and a quick ratio of 1.36.

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

NIKE Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 1st. Investors of record on Monday, June 1st were paid a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend was Monday, June 1st. NIKE’s dividend payout ratio (DPR) is currently 78.47%.

More NIKE News

Here are the key news stories impacting NIKE this week:

• Positive Sentiment: NIKE said it made “significant progress” in fiscal 2026 and is pursuing a broad operational transformation to strengthen long-term growth and profitability, which could support a turnaround over time. Nike CEO outlines transformation strategy after operational reset in fiscal 2026 (NYSE:NKE)
• Positive Sentiment: Several analysts lifted longer-term earnings estimates, suggesting some confidence that Nike can eventually rebuild profitability after its reset. NIKE price and analyst updates
• Neutral Sentiment: Commentary around Nike trading at a low valuation versus prior peak earnings is helping the bull case, but it does not change the near-term operating challenges. Nike Stock for the Next 10 Years: Buy, Hold, or Avoid?
• Negative Sentiment: Nike’s China online distribution overhaul has drawn skepticism because it could pressure sales trends and risk additional market-share losses in a key region. After tackling discounts in China, Nike still needs to win back shoppers
• Negative Sentiment: Multiple Zacks Research notes cut near- and medium-term EPS estimates and kept a “Strong Sell” rating, reinforcing concerns that earnings recovery may take longer than expected. NIKE analyst estimate revisions

Insiders Place Their Bets

In related news, EVP Philip Mccartney sold 17,398 shares of the business’s stock in a transaction on Friday, June 12th. The shares were sold at an average price of $46.18, for a total value 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 transaction was disclosed in a filing with the Securities & Exchange Commission, 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 owned by corporate insiders.

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).