Sumitomo Mitsui Trust Group Inc. Lowers Position in NIKE, Inc. $NKE

13 Apr 2026, 05:50 by Doug Wharley · The Cerbat Gem

Sumitomo Mitsui Trust Group Inc. lessened its holdings in NIKE, Inc. (NYSE:NKE – Free Report) by 4.2% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,916,205 shares of the footwear maker’s stock after selling 126,462 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in NIKE were worth $185,791,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in NKE. Guerra Advisors Inc purchased a new stake in shares of NIKE in the third quarter worth $34,000. Gordian Capital Singapore Pte Ltd purchased a new stake in shares of NIKE in the third quarter worth $35,000. Accredited Wealth Management LLC raised its position in shares of NIKE by 268.6% in the third quarter. Accredited Wealth Management LLC now owns 516 shares of the footwear maker’s stock worth $36,000 after buying an additional 376 shares in the last quarter. Matrix Trust Co raised its position in shares of NIKE by 43.6% in the fourth quarter. Matrix Trust Co now owns 596 shares of the footwear maker’s stock worth $38,000 after buying an additional 181 shares in the last quarter. Finally, Strive Asset Management LLC purchased a new stake in shares of NIKE in the third quarter worth $40,000. Hedge funds and other institutional investors own 64.25% of the company’s stock.

Trending Headlines about NIKE

Here are the key news stories impacting NIKE this week:

Positive Sentiment: Company director Robert Holmes Swan purchased 11,781 shares at ~\$42.44, a sizable insider buy that can signal confidence in near-term downside support. Read More.
Positive Sentiment: Nike won the UEFA Champions League match-ball sponsorship from Adidas — a high-visibility win that could help marketing momentum but likely won’t immediately offset operational headwinds. Read More.
Positive Sentiment: The share-price decline has pushed Nike’s dividend yield and yield attractiveness higher, which may draw income-focused buyers while the operational reset plays out. Read More.
Neutral Sentiment: Piper Sandler set a Neutral rating with a $50 price target (down from $60), framing Nike as a tactical trade rather than a clear long-term buy or sell; that leaves room for both rebound and further disappointment. Read More.
Negative Sentiment: Senior innovation leadership is exiting — Tony/Tom Bignall (chief innovation officer) left after under a year — raising investor concern that Nike’s turnaround execution lacks stability and outside perspective. Read More.
Negative Sentiment: Recent earnings and guidance disappointed: revenue growth stalled, digital sales slipped, and company guidance for the fiscal quarter was lighter than consensus — prompting steep analyst estimate cuts. Read More.
Negative Sentiment: Macro/structural headwinds persist: industry-wide sneaker weakness and intensifying competition, plus a slow recovery in China, are cited as existential pressures by multiple outlets. Read More. Read More.
Negative Sentiment: Price and sentiment momentum are negative: the stock has hit new multi‑year and 52‑week lows, and several shops have cut targets/ratings (Piper Sandler, CICC, others), reinforcing downside pressure. Read More.
Negative Sentiment: Legal/reputational risk: reports of a data‑breach class action add another potential drag (remediation costs, customer churn). Read More.

Insider Transactions at NIKE

In related news, Director John W. Rogers, Jr. acquired 4,000 shares of NIKE stock in a transaction dated Thursday, April 9th. The shares were purchased at an average cost of $43.34 per share, with a total value of $173,360.00. Following the completion of the purchase, the director owned 41,022 shares of the company’s stock, valued at $1,777,893.48. This represents a 10.80% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Robert Holmes Swan acquired 11,781 shares of NIKE stock in a transaction dated Tuesday, April 7th. The shares were bought at an average cost of $42.44 per share, for a total transaction of $499,985.64. Following the completion of the purchase, the director directly owned 55,074 shares of the company’s stock, valued at approximately $2,337,340.56. The trade was a 27.21% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. 0.80% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

NKE has been the topic of a number of recent analyst reports. CICC Research downgraded NIKE from an “outperform” rating to a “market perform” rating and lowered their price objective for the stock from $69.00 to $58.00 in a research report on Monday, April 6th. Barclays lowered their price objective on NIKE from $73.00 to $67.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 1st. Needham & Company LLC cut NIKE from a “buy” rating to a “hold” rating in a research note on Thursday, January 8th. UBS Group lowered their price target on NIKE from $58.00 to $54.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 1st. Finally, BNP Paribas Exane lowered their price target on NIKE from $35.00 to $23.00 and set an “underperform” rating on the stock in a research report on Wednesday, April 1st. Eighteen equities research analysts have rated the stock with a Buy rating, sixteen have issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, NIKE presently has an average rating of “Hold” and an average target price of $63.31.

View Our Latest Analysis on NIKE

NIKE Trading Down 0.1%

NYSE NKE opened at $42.59 on Monday. The stock’s 50-day simple moving average is $56.46 and its two-hundred day simple moving average is $62.07. NIKE, Inc. has a twelve month low of $42.36 and a twelve month high of $80.17. The company has a quick ratio of 1.45, a current ratio of 2.14 and a debt-to-equity ratio of 0.50. The company has a market capitalization of $63.06 billion, a price-to-earnings ratio of 28.21, a PEG ratio of 2.25 and a beta of 1.31.

NIKE (NYSE:NKE – Get Free Report) last released its quarterly earnings results on Tuesday, March 31st. The footwear maker reported $0.35 earnings per share for the quarter, beating analysts’ consensus estimates of $0.29 by $0.06. NIKE had a return on equity of 16.41% and a net margin of 4.84%.The business had revenue of $11.28 billion for the quarter, compared to the consensus estimate of $11.23 billion. During the same quarter last year, the business posted $0.54 earnings per share. The company’s revenue for the quarter was up .1% on a year-over-year basis. Research analysts forecast that NIKE, Inc. will post 2.05 EPS for the current fiscal year.

NIKE Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 1st. Stockholders of record on Monday, March 2nd were paid a dividend of $0.41 per share. This represents a $1.64 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend was Monday, March 2nd. NIKE’s dividend payout ratio (DPR) is 108.61%.

NIKE Profile

(Free Report)

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).

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