Czech National Bank Raises Stock Holdings in NIKE, Inc. (NYSE:NKE)

Czech National Bank boosted its position in NIKE, Inc. (NYSE:NKE - Free Report) by 5.1% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 271,294 shares of the footwear maker's stock after acquiring an additional 13,148 shares during the period. Czech National Bank's holdings in NIKE were worth $17,222,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Klein Pavlis & Peasley Financial Inc. raised its holdings in shares of NIKE by 31.1% during the fourth quarter. Klein Pavlis & Peasley Financial Inc. now owns 25,835 shares of the footwear maker's stock valued at $1,955,000 after buying an additional 6,124 shares during the last quarter. Renaissance Technologies LLC grew its position in NIKE by 1,302.7% during the fourth quarter. Renaissance Technologies LLC now owns 2,602,101 shares of the footwear maker's stock worth $196,901,000 after buying an additional 2,416,601 shares in the last quarter. Capitolis Liquid Global Markets LLC raised its holdings in shares of NIKE by 40.9% in the 4th quarter. Capitolis Liquid Global Markets LLC now owns 310,000 shares of the footwear maker's stock worth $23,458,000 after buying an additional 90,000 shares in the last quarter. Janus Henderson Group PLC raised its holdings in shares of NIKE by 8.3% in the fourth quarter. Janus Henderson Group PLC now owns 6,081,021 shares of the footwear maker's stock valued at $460,160,000 after buying an additional 463,470 shares during the last quarter. Finally, Markel Group Inc. boosted its holdings in NIKE by 0.8% in the fourth quarter. Markel Group Inc. now owns 432,400 shares of the footwear maker's stock valued at $32,720,000 after acquiring an additional 3,500 shares during the last quarter. 64.25% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have commented on NKE. Stifel Nicolaus cut their price target on shares of NIKE from $75.00 to $64.00 and set a "hold" rating on the stock in a research report on Thursday, April 10th. Truist Financial lowered their price objective on NIKE from $90.00 to $82.00 and set a "buy" rating on the stock in a research report on Friday, March 21st. Morgan Stanley lowered their price objective on NIKE from $72.00 to $70.00 and set an "equal weight" rating for the company in a research report on Friday, March 21st. Telsey Advisory Group reduced their target price on shares of NIKE from $80.00 to $70.00 and set a "market perform" rating for the company in a report on Tuesday, May 6th. Finally, Berenberg Bank began coverage on NIKE in a report on Tuesday, April 15th. They set a "hold" rating and a $58.00 price target on the stock. Seventeen research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, NIKE has a consensus rating of "Moderate Buy" and a consensus target price of $80.26.

NIKE Price Performance

NKE stock traded up $0.79 during midday trading on Thursday, reaching $63.56. 3,672,964 shares of the company's stock traded hands, compared to its average volume of 15,005,288. The company has a 50-day simple moving average of $58.92 and a two-hundred day simple moving average of $69.38. The company has a market cap of $94.01 billion, a price-to-earnings ratio of 19.61, a PEG ratio of 2.52 and a beta of 1.23. NIKE, Inc. has a 1-year low of $52.28 and a 1-year high of $98.04. The company has a quick ratio of 1.51, a current ratio of 2.22 and a debt-to-equity ratio of 0.57.

NIKE (NYSE:NKE - Get Free Report) last posted its quarterly earnings results on Thursday, March 20th. The footwear maker reported $0.54 earnings per share for the quarter, beating analysts' consensus estimates of $0.28 by $0.26. NIKE had a return on equity of 36.99% and a net margin of 9.98%. The company had revenue of $11.27 billion for the quarter, compared to the consensus estimate of $11.02 billion. During the same quarter in the prior year, the business posted $0.98 EPS. The firm's quarterly revenue was down 9.1% on a year-over-year basis. On average, analysts anticipate that NIKE, Inc. will post 2.05 earnings per share for the current year.

NIKE Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Stockholders of record on Monday, June 2nd will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.52%. The ex-dividend date of this dividend is Monday, June 2nd. NIKE's dividend payout ratio is currently 53.16%.

Insiders Place Their Bets

In other news, Director Robert Holmes Swan purchased 8,600 shares of the stock in a transaction on Friday, April 4th. The shares were acquired at an average price of $58.46 per share, with a total value of $502,756.00. Following the completion of the acquisition, the director now directly owns 31,983 shares of the company's stock, valued at $1,869,726.18. This trade represents a 36.78% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 1.10% of the company's stock.

NIKE Company 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.