NIKE, Inc. $NKE Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. reduced its stake in NIKE (NKE) by 5.8% in Q2, selling 80,947 shares but still owning 1.33 million shares valued at $54.4 million. Despite a 1.1% revenue decline year-over-year, NIKE exceeded Q2 analyst estimates with $0.20 EPS and $10.97 billion in revenue, and declared a $0.41 quarterly dividend. Analysts maintain a "Hold" rating with a $53.53 average price target, while company insiders have sold shares worth $1.17 million in the past 90 days.