Nike shares opened at $36.81, just above their 52-week low of $36.55, after falling 32.7% since March 2026 and reducing the company’s market capitalization to $54.62 billion. Baird Financial Group cut its Nike holdings by 46.7% in the second quarter, selling 290,482 shares, while institutional investors still owned 64.25% of outstanding stock. Nike’s quarter ended June 30 produced earnings per share of $0.20, above the $0.11 forecast, and revenue of $10.97 billion versus expectations of $10.85 billion. Revenue nevertheless declined 1.1% year over year. Wall Street’s consensus rating remains Hold, based on 37 analysts, with an average price target of $50.12, although several banks have reduced their targets and Morgan Stanley cited continuing operational headwinds. Nike is also scheduled for removal from the S&P 100 index, potentially reducing passive demand from index funds. Chief Operating Officer Venkatesh Alagirisamy and executive Amy Montagne sold shares through pre-established Rule 10b5-1 trading plans, contributing to total insider sales of 14,974 shares worth $600,126 over the past three months. Nike announced a $0.41 quarterly dividend payable October 1 to shareholders of record September 1, equivalent to a 4.5% annual yield and a 78.47% payout ratio.