Nike (NKE) Stock Falls to 52-Week Low as Baird Cuts Stake by 47%
TLDR
- NKE opened at $36.81, near its 52-week low of $36.55, down roughly 33% since March 2026
- Baird Financial Group cut its NKE stake by 46.7%, selling 290,482 shares in Q2
- Nike beat Q4 EPS estimates ($0.20 vs $0.11 expected) but revenue fell 1.1% year over year
- Analyst consensus sits at “Hold” with a $50.12 average price target; several firms have cut targets
- Nike declared a $0.41 quarterly dividend, representing a 4.5% annualized yield
Nike (NKE) stock opened at $36.81 on Friday, just above its one-year low of $36.55. The stock has dropped around 32.7% since March 2026, erasing billions in market value and pushing its market cap to $54.62 billion.
Baird Financial Group was one of the more active sellers in Q2, cutting its NKE position by 46.7%. The firm sold 290,482 shares and now holds 332,029 shares valued at around $13.63 million. Institutional investors as a group still own 64.25% of the stock.
Other firms moved in smaller amounts. Scarborough Advisors, Cornerstone Financial Management, and Sankala Group each opened new positions worth around $25,000 to $26,000. Meeder Asset Management more than doubled its position, adding 285 shares to bring its total to 548.
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