Generali Investments Management Co LLC Sells 16,324 Shares of NIKE, Inc. (NYSE:NKE)

Generali Investments Management Co LLC decreased its position in NIKE, Inc. (NYSE:NKE - Free Report) by 56.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,789 shares of the footwear maker's stock after selling 16,324 shares during the period. Generali Investments Management Co LLC's holdings in NIKE were worth $812,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of NKE. Caitlin John LLC lifted its stake in NIKE by 117.0% in the fourth quarter. Caitlin John LLC now owns 371 shares of the footwear maker's stock valued at $28,000 after purchasing an additional 200 shares during the last quarter. Heck Capital Advisors LLC bought a new position in NIKE during the fourth quarter worth about $28,000. Roxbury Financial LLC bought a new position in NIKE during the fourth quarter worth about $30,000. LFA Lugano Financial Advisors SA boosted its position in NIKE by 110.5% during the fourth quarter. LFA Lugano Financial Advisors SA now owns 400 shares of the footwear maker's stock worth $30,000 after purchasing an additional 210 shares during the period. Finally, Hopwood Financial Services Inc. bought a new position in NIKE during the fourth quarter worth about $30,000. Hedge funds and other institutional investors own 64.25% of the company's stock.

NIKE Stock Down 1.4%

NKE stock traded down $0.89 during midday trading on Monday, hitting $61.91. The company's stock had a trading volume of 11,619,055 shares, compared to its average volume of 15,091,969. The company has a market cap of $91.58 billion, a PE ratio of 19.11, a P/E/G ratio of 2.52 and a beta of 1.21. NIKE, Inc. has a 12 month low of $52.28 and a 12 month high of $98.04. The company has a current ratio of 2.22, a quick ratio of 1.51 and a debt-to-equity ratio of 0.57. The firm's 50-day moving average is $58.86 and its 200-day moving average is $69.15.

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

NIKE Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 1st. Investors of record on Monday, June 2nd will be given a $0.40 dividend. The ex-dividend date of this dividend is Monday, June 2nd. This represents a $1.60 annualized dividend and a yield of 2.58%. NIKE's dividend payout ratio (DPR) is presently 53.16%.

Insider Activity at NIKE

In other news, Director Robert Holmes Swan acquired 8,600 shares of the business's stock in a transaction that occurred on Friday, April 4th. The stock was bought 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 approximately $1,869,726.18. The trade was a 36.78% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.10% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

NKE has been the subject of a number of analyst reports. The Goldman Sachs Group cut their price target on NIKE from $88.00 to $72.00 and set a "buy" rating for the company in a report on Tuesday, April 22nd. Barclays cut their price target on NIKE from $70.00 to $60.00 and set an "equal weight" rating for the company in a report on Monday, May 12th. Bank of America cut their price target on NIKE from $90.00 to $80.00 and set a "buy" rating for the company in a report on Friday, April 25th. Berenberg Bank initiated coverage on NIKE in a report on Tuesday, April 15th. They issued a "hold" rating and a $58.00 price target for the company. Finally, Robert W. Baird cut their price target on NIKE from $105.00 to $99.00 and set an "outperform" rating for the company in a report on Friday, March 21st. 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. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $80.26.

About NIKE

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.