Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. Acquires New Stake in NIKE, Inc. (NYSE:NKE)

Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A. purchased a new position in shares of NIKE, Inc. (NYSE:NKE - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 12,213 shares of the footwear maker's stock, valued at approximately $924,000. NIKE makes up about 2.7% of Towarzystwo Funduszy Inwestycyjnych Allianz Polska S.A.'s portfolio, making the stock its 7th biggest holding.

Other large investors have also recently added to or reduced their stakes in the company. JNBA Financial Advisors boosted its stake in NIKE by 1.3% during the fourth quarter. JNBA Financial Advisors now owns 10,045 shares of the footwear maker's stock valued at $760,000 after buying an additional 131 shares during the period. Nations Financial Group Inc. IA ADV lifted its stake in NIKE by 0.7% during the fourth quarter. Nations Financial Group Inc. IA ADV now owns 20,446 shares of the footwear maker's stock worth $1,547,000 after purchasing an additional 136 shares during the last quarter. Elgethun Capital Management boosted its stake in NIKE by 13.7% in the fourth quarter. Elgethun Capital Management now owns 1,236 shares of the footwear maker's stock worth $94,000 after buying an additional 149 shares in the last quarter. Game Plan Financial Advisors LLC grew its holdings in shares of NIKE by 11.1% during the 4th quarter. Game Plan Financial Advisors LLC now owns 1,500 shares of the footwear maker's stock valued at $114,000 after purchasing an additional 150 shares during the last quarter. Finally, AlTi Global Inc. increased its holdings in shares of NIKE by 0.4% in the fourth quarter. AlTi Global Inc. now owns 36,996 shares of the footwear maker's stock worth $2,813,000 after buying an additional 150 shares during the period. Institutional investors and hedge funds own 64.25% of the company's stock.

Insiders Place Their Bets

In related news, Director Robert Holmes Swan purchased 8,600 shares of NIKE stock in a transaction dated Friday, April 4th. The stock was purchased at an average cost of $58.46 per share, for a total transaction of $502,756.00. Following the completion of the purchase, the director now directly owns 31,983 shares of the company's stock, valued at $1,869,726.18. The trade was a 36.78% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 1.10% of the stock is owned by insiders.

NIKE Stock Down 0.2%

Shares of NYSE:NKE traded down $0.13 during trading on Thursday, reaching $61.65. 7,343,394 shares of the stock traded hands, compared to its average volume of 14,946,311. The stock has a market cap of $91.18 billion, a P/E ratio of 19.02, a price-to-earnings-growth ratio of 2.52 and a beta of 1.23. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.51 and a current ratio of 2.22. The stock has a 50-day moving average of $59.32 and a two-hundred day moving average of $69.89. NIKE, Inc. has a 52-week low of $52.28 and a 52-week high of $98.04.

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

NIKE Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Monday, June 2nd will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 2.60%. The ex-dividend date is Monday, June 2nd. NIKE's dividend payout ratio (DPR) is 53.16%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on NKE. Cfra Research raised NIKE to a "moderate buy" rating in a research note on Friday, March 21st. Citigroup dropped their price target on shares of NIKE from $72.00 to $57.00 and set a "neutral" rating for the company in a research report on Monday, April 28th. Berenberg Bank assumed coverage on shares of NIKE in a research report on Tuesday, April 15th. They issued a "hold" rating and a $58.00 price objective on the stock. Wells Fargo & Company upped their price objective on shares of NIKE from $55.00 to $60.00 and gave the company an "equal weight" rating in a research note on Wednesday, May 14th. Finally, China Renaissance started coverage on NIKE in a research note on Wednesday, March 19th. They issued a "hold" rating on the stock. Seventeen investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, NIKE has a consensus rating of "Moderate Buy" and an average target price of $80.26.

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.