Generali Investments CEE investicni spolecnost a.s. Has $1.97 Million Stock Position in NIKE, Inc. (NYSE:NKE)

Generali Investments CEE investicni spolecnost a.s. grew its position in NIKE, Inc. (NYSE:NKE - Free Report) by 26.5% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 31,000 shares of the footwear maker's stock after buying an additional 6,500 shares during the period. Generali Investments CEE investicni spolecnost a.s.'s holdings in NIKE were worth $1,968,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in NKE. Spire Wealth Management boosted its stake in NIKE by 4.4% in the 1st quarter. Spire Wealth Management now owns 9,872 shares of the footwear maker's stock worth $627,000 after purchasing an additional 416 shares during the period. Renaissance Technologies LLC boosted its stake in NIKE by 1,302.7% in the 4th quarter. Renaissance Technologies LLC now owns 2,602,101 shares of the footwear maker's stock worth $196,901,000 after purchasing an additional 2,416,601 shares during the period. Capitolis Liquid Global Markets LLC boosted its stake in 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 purchasing an additional 90,000 shares during the period. Janus Henderson Group PLC boosted its stake in NIKE by 8.3% in the 4th quarter. Janus Henderson Group PLC now owns 6,081,021 shares of the footwear maker's stock worth $460,160,000 after purchasing an additional 463,470 shares during the period. Finally, Markel Group Inc. boosted its stake in NIKE by 0.8% in the 4th quarter. Markel Group Inc. now owns 432,400 shares of the footwear maker's stock worth $32,720,000 after purchasing an additional 3,500 shares during the period. Institutional investors and hedge funds own 64.25% of the company's stock.

NIKE Price Performance

Shares of NYSE NKE traded down $0.11 during trading hours on Friday, hitting $76.28. 12,022,568 shares of the stock were exchanged, compared to its average volume of 15,355,444. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.50 and a current ratio of 2.21. The company has a market cap of $112.83 billion, a PE ratio of 35.31, a price-to-earnings-growth ratio of 2.77 and a beta of 1.25. The company's fifty day simple moving average is $62.36 and its two-hundred day simple moving average is $67.42. NIKE, Inc. has a 1-year low of $52.28 and a 1-year high of $90.62.

NIKE (NYSE:NKE - Get Free Report) last issued its earnings results on Thursday, June 26th. The footwear maker reported $0.14 earnings per share for the quarter, beating analysts' consensus estimates of $0.12 by $0.02. NIKE had a net margin of 6.95% and a return on equity of 23.33%. The firm had revenue of $11.10 billion for the quarter, compared to analyst estimates of $10.69 billion. During the same quarter last year, the business posted $0.99 earnings per share. The company's quarterly revenue was down 11.9% on a year-over-year basis. On average, sell-side analysts predict that NIKE, Inc. will post 2.05 EPS for the current year.

NIKE Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Shareholders of record on Monday, June 2nd were given a $0.40 dividend. The ex-dividend date was Monday, June 2nd. This represents a $1.60 dividend on an annualized basis and a yield of 2.10%. NIKE's dividend payout ratio is currently 74.07%.

Wall Street Analyst Weigh In

NKE has been the subject of a number of research analyst reports. Berenberg Bank initiated coverage on shares of NIKE in a research note on Tuesday, April 15th. They issued a "hold" rating and a $58.00 target price for the company. Evercore ISI reduced their price objective on shares of NIKE from $97.00 to $75.00 and set an "outperform" rating for the company in a research note on Tuesday, June 24th. Citigroup increased their price objective on shares of NIKE from $57.00 to $68.00 and gave the stock a "neutral" rating in a research note on Friday, June 27th. Hsbc Global Res upgraded shares of NIKE from a "hold" rating to a "strong-buy" rating in a research note on Friday, June 27th. Finally, JPMorgan Chase & Co. increased their price objective on shares of NIKE from $56.00 to $64.00 and gave the stock a "neutral" rating in a research note on Friday, June 27th. One research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating, fifteen have given a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $77.19.

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.