Generali Investments CEE investicni spolecnost a.s. Invests $1.85 Million in NIKE, Inc. (NYSE:NKE)

Generali Investments CEE investicni spolecnost a.s. bought a new position in shares of NIKE, Inc. (NYSE:NKE) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 24,500 shares of the footwear maker’s stock, valued at approximately $1,854,000.

Several other hedge funds have also recently added to or reduced their stakes in NKE. M&G PLC increased its holdings in NIKE by 0.9% in the third quarter. M&G PLC now owns 35,768 shares of the footwear maker’s stock valued at $3,148,000 after buying an additional 305 shares during the last quarter. CWA Asset Management Group LLC acquired a new position in shares of NIKE during the 3rd quarter worth about $1,395,000. SpiderRock Advisors LLC increased its holdings in shares of NIKE by 22.2% in the 3rd quarter. SpiderRock Advisors LLC now owns 55,402 shares of the footwear maker’s stock valued at $4,898,000 after acquiring an additional 10,066 shares during the last quarter. Windward Capital Management Co. CA raised its position in shares of NIKE by 0.3% during the 3rd quarter. Windward Capital Management Co. CA now owns 313,772 shares of the footwear maker’s stock worth $27,737,000 after acquiring an additional 917 shares in the last quarter. Finally, Washington Trust Advisors Inc. lifted its stake in NIKE by 0.7% during the third quarter. Washington Trust Advisors Inc. now owns 137,124 shares of the footwear maker’s stock worth $12,122,000 after purchasing an additional 996 shares during the last quarter. Institutional investors and hedge funds own 64.25% of the company’s stock.

NIKE Trading Up 1.3 %

Shares of NKE stock opened at $78.68 on Friday. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.22 and a quick ratio of 1.51. NIKE, Inc. has a 1-year low of $68.62 and a 1-year high of $102.49. The firm has a market capitalization of $116.38 billion, a PE ratio of 24.28, a P/E/G ratio of 2.52 and a beta of 1.02. The business’s fifty day moving average price is $74.76 and its 200 day moving average price is $78.18.

NIKE (NYSE:NKE) last issued its quarterly earnings data on Thursday, December 19th. The footwear maker reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.15. The firm had revenue of $12.35 billion during the quarter, compared to analysts’ expectations of $12.11 billion. NIKE had a return on equity of 36.99% and a net margin of 9.98%. NIKE’s revenue was down 7.7% on a year-over-year basis. During the same period in the previous year, the firm posted $1.03 earnings per share. As a group, sell-side analysts forecast that NIKE, Inc. will post 2.05 EPS for the current fiscal year.

NIKE Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Monday, March 3rd will be given a $0.40 dividend. The ex-dividend date is Monday, March 3rd. This represents a $1.60 annualized dividend and a dividend yield of 2.03%. NIKE’s dividend payout ratio is presently 49.38%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Dbs Bank raised shares of NIKE from a “hold” rating to a “strong-buy” rating in a report on Wednesday. Robert W. Baird reduced their price target on shares of NIKE from $110.00 to $105.00 and set an “outperform” rating for the company in a research report on Monday, December 23rd. Needham & Company LLC restated a “buy” rating and issued a $84.00 price objective on shares of NIKE in a research note on Friday, February 7th. TD Cowen cut their target price on NIKE from $78.00 to $73.00 and set a “hold” rating on the stock in a research report on Monday, November 18th. Finally, Truist Financial decreased their target price on NIKE from $97.00 to $90.00 and set a “buy” rating for the company in a research report on Friday, December 20th. Fourteen investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $89.77.

Insider Activity at NIKE

In other NIKE news, Director John W. Rogers, Jr. purchased 2,500 shares of NIKE stock in a transaction on Friday, December 27th. The shares were bought at an average price of $76.65 per share, with a total value of $191,625.00. Following the completion of the acquisition, the director now directly owns 34,403 shares of the company’s stock, valued at approximately $2,636,989.95. This trade represents a 7.84 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Mark G. Parker sold 169,732 shares of the firm’s stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $72.83, for a total transaction of $12,361,581.56. Following the transaction, the chairman now directly owns 896,632 shares of the company’s stock, valued at approximately $65,301,708.56. This trade represents a 15.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.10% of the stock is owned by corporate insiders.

NIKE Profile

NIKE, Inc, together with its subsidiaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, accessories, and services worldwide. The company provides athletic and casual footwear, apparel, and accessories under the Jumpman trademark; and casual sneakers, apparel, and accessories under the Converse, Chuck Taylor, All Star, One Star, Star Chevron, and Jack Purcell trademarks.