NKE NIKE, Inc.

bearish · high conviction 1/2 shifts correct ↓ $46.23 -1.14 (-2.4%)
Mkt Cap $70B P/E 31.2 fwd 26.0 52wk $41.35 - $80.17 Earnings beating Earnings 2026-06-25 Updated Thursday
What We Found Primary source analysis others skip
Material Events (8-K)
8-K
Credit Agreement

Nike, Inc. entered into a 364-day credit agreement dated March 6, 2026, involving multiple banks including Bank of America, Citibank, JPMorgan Chase, Deutsche Bank Securities, Goldman Sachs Bank, and ...

Filed 2026-03-09 · Nike, Inc., Bank of America, N.A.
8-K
Organizational Restructuring and Cost Reduction Plan $300 million

NIKE's management approved a plan for organizational changes aiming to operate more efficiently and profitably. These changes, along with previously approved actions, are expected to result in pre-tax...

Filed 2026-03-05 · Matthew Friend, Executive Vice President and Chief Financial Officer
8-K
Organizational changes including appointment and role elimination

NIKE, Inc. announced organizational changes including the appointment of Venkatesh Alagirisamy as Executive Vice President, Chief Operating Officer, effective December 8, 2025. Concurrently, the role ...

Filed 2025-12-02 · Venkatesh Alagirisamy, Executive Vice President, Chief Operating Officer, Craig Williams, Executive Vice President, Chief Commercial Officer (departing)
8-K
Stock Incentive Plan Amendment

Nike, Inc. filed an 8-K reporting the amendment and restatement of its Stock Incentive Plan effective July 17, 2025. This plan update is intended to attract and retain employees and key personnel by p...

Filed 2025-09-11
Factor divergence: DIVERGENCE: price_momentum bullish vs estimate_revisions, analyst_revisions bearish
Est. revisions: -47.2% (1 up, 18 down in 30d)
Factor Model (net -2.8)

Factor Model

net -2.8 5.6 / 10
Est. Revisions
-1.0
Insider Activity
+0.0
Momentum
+0.3
Analyst Rev.
-0.9
Narrative Gap
+0.0

Nike's stock risks further 5.8% drop

Watch: Upcoming earnings release to test if Nike can stabilize sales and margins amid competitive and strategic pressures.

Nike fell 15.5% after April earnings, dropping its share price to $44.33 by May 26, down 30.4% year-to-date. The 10-day call/put volume ratio surged to 4.77, signaling heightened investor concern. Historically, such signals precede a 5.8% average stock decline 64% of the time within a month.

This pattern suggests continued negative sentiment and potential for further stock weakness, compounding an already poor 2026 performance amid revenue and earnings challenges.

Evidence

Fundamentals & Data ▾
NIKE, Inc. Consumer Cyclical · Footwear & Accessories
Mkt Cap
$70B
P/E
31.2 fwd 26.0
Beta
1.12
Div Yield
357.00%
52w Range
$41.35 - $80.17
Short Interest
53.9M 5.7%
Days to Cover
2.6 -4%
Technicals uptrend
vs 20d MA
+5.5%
vs 50d MA
+1.1%
from 52w Hi
-40.5%
Vol (20d)
30%
1w return
+4.2%
1m return
+4.2%
3m return
-25.2%
Vol ratio
1.1x
Insiders
buying 6B / 2S
Analysts
bearish 0 up / 6 down
Earnings
beating 4B / 0M
EPS Estimate
$0.11 -47.2% 30d 1up / 18dn
Est. Dispersion
97% 22 analysts
Analyst Target
$61 $23 - $120
Options P/C
0.20 10C / 3P unusual
Fund Convergence
strong D.E. Shaw, Citadel, Renaissance, Bridgewater
Financials
Revenue
$11.3B +0% YoY
FCF
$284M
Gross Margin
40%
Op Margin
5%
Momentum: decelerating
Top Holders
D.E. Shaw $2.0B
Citadel $1.6B
Renaissance $17M
Bridgewater $4M
Recent Filings & Data
insider trade 1
net selling
1 insider · 1 transactions (30d)
Recent transactions
PARKER MARK G · other
analyst rating 1
Wells Fargo down → Equal-Weight 23d ago
material event 7

Nike, Inc. entered into a 364-day credit agreement dated March 6, 2026, involving multiple banks including Bank of America, Citibank, JPMorgan Chase, Deutsche Bank Securities, Goldman Sachs Bank, and HSBC Bank. The agreement establishes a revolving credit facility with terms regarding fees, advances, covenants, and default provisions. No individual departures or compensatory arrangements were mentioned. SEC↗

NIKE's management approved a plan for organizational changes aiming to operate more efficiently and profitably. These changes, along with previously approved actions, are expected to result in pre-tax charges of approximately $300 million primarily due to employee severance costs, mostly recognized in Q3 of fiscal year 2026. SEC↗

NIKE, Inc. announced organizational changes including the appointment of Venkatesh Alagirisamy as Executive Vice President, Chief Operating Officer, effective December 8, 2025. Concurrently, the role of Executive Vice President, Chief Commercial Officer was eliminated, resulting in Craig Williams ceasing that role on December 5, 2025, and remaining a full-time non-executive employee until his separation on April 6, 2026. No compensatory arrangements or financial transactions were disclosed. The changes appear neutral, focusing on leadership restructuring without impact on stock valuation. SEC↗

Nike, Inc. filed an 8-K reporting the amendment and restatement of its Stock Incentive Plan effective July 17, 2025. This plan update is intended to attract and retain employees and key personnel by providing various equity awards to incentivize performance. The amendment incorporates updated terms and definitions, including mechanisms regarding cause for termination and change in control scenarios. The updated plan requires shareholder approval at the 2025 Annual Meeting. No individual departures, cash amounts, or new compensatory arrangements specific to individuals are disclosed in this filing. The stock incentive plan update reflects a standard corporate governance practice and is neutral for the stock. SEC↗

NIKE, Inc. announced it is nominating Jørgen Vig Knudstorp to stand for election as a director at the 2025 annual shareholders meeting. SEC↗

2 more
Cathleen Benko, a member of NIKE, Inc.'s Board of Directors, announced her retir
On May 5, 2025, NIKE announced organizational changes including the elimination
Track Record (1/2 correct) ▾

Direction History

1/2 correct at 5 days
2026-04-25 bearish -0.7%
2026-04-12 bearish +8.0%
15 signals · latest 5h ago

Keep reading the market

Direction shifts, insider clusters, filing red flags, and earnings call changes stay published on the site.