Nike , Inc. (NYSE:NKE) Executive Vice President and Chief Legal Officer Robert Leinwand recently sold a portion of his holdings in the company. According to a recent SEC filing, Leinwand disposed of 4,506 shares of Nike’s Class B Common Stock on February 13, 2025, at a price of $72.81 per share, totaling $328,081. The transaction was conducted under a 10b5-1 trading plan, which was adopted by Leinwand in November 2024. The sale occurred at a notable discount to the current trading price of $77.59, with the stock currently trading near its InvestingPro Fair Value. The company, valued at $114.62 billion, maintains a FAIR financial health rating and offers a 2.19% dividend yield.
Following this sale, Leinwand retains ownership of 30,942.7426 shares directly. Additionally, he holds 1,448 shares indirectly through a retirement plan, as noted in the filing. The transaction occurred after Nike’s policy-permitted trading window opened, following the release of the company’s quarterly earnings. InvestingPro subscribers can access 10+ additional exclusive insights about Nike’s financial health, valuation metrics, and future outlook through the comprehensive Pro Research Report.
In other recent news, Nike Inc. has partnered with Kim Kardashian’s Skims to create a new women’s activewear brand, NikeSkims. This innovative venture aims to combine Nike’s sports performance expertise with Skims’ proficiency in designing inclusive women’s attire. The new brand, which has been in the works since October 2023, is expected to launch its first collection in spring 2025.
Further developments include Nike’s announcement of a quarterly cash dividend of $0.40 per share, demonstrating the company’s ongoing commitment to delivering shareholder value. Meanwhile, several analysts have weighed in on Nike’s stock. Truist Securities maintained a Buy rating with a $90 price target, citing potential short-term victories despite ongoing challenges. UBS, however, reiterated a Neutral rating with a $73 target, anticipating challenges in achieving strong growth, particularly in the Chinese market. Lastly, Williams Trading reaffirmed a Buy rating and a $93 target, expressing increased confidence in the company’s trajectory under new leadership.
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