Heidi O’Neill, President of Consumer, Product & Brand at NIKE, Inc. (NYSE:NKE), sold 14,147 shares of the company’s Class B Common Stock on February 11, 2025. The shares were sold at an average price of $71.18, totaling approximately $1,006,983. Following this transaction, O’Neill holds 80,492.351 shares directly. The sale was conducted in accordance with the company’s trading policy, which allows market transactions by officers and directors only during specific periods following the release of quarterly earnings. NIKE maintains strong shareholder returns with a 2.24% dividend yield and has raised its dividend for 23 consecutive years. For deeper insights into NIKE’s insider trading patterns and comprehensive financial analysis, check out the detailed Pro Research Report available on InvestingPro, which covers over 1,400 top US stocks.
In other recent news, analysts have been closely monitoring Nike ’s performance and leadership changes. UBS maintained its Neutral rating on Nike stock with a $73 target, suggesting challenges for the company’s growth and margin recovery, especially in the Chinese market. Williams Trading, on the other hand, reiterated a Buy rating and a $93.00 price target, expressing confidence in the new leadership’s ability to steer the company in a positive direction.
Bernstein analysts also maintained an Outperform rating on Nike shares with a steadfast $102.00 price target, indicating significant strides in clearing inventory under the leadership of the new CEO, Elliott Hill. Piper Sandler confirmed its positive stance on Nike, maintaining an Overweight rating and a price target of $90.00, highlighting the company’s proactive measures and promising signs under Hill’s leadership.
Lastly, Bernstein SocGen Group maintained an Outperform rating for Nike stock with a steady price target of $102.00, expressing a strong positive outlook on Nike’s performance footwear segment despite anticipating a gradual recovery in gross margins. These are among the recent developments for Nike as it navigates its path under new leadership.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.