Czech National Bank Purchases 13,148 Shares of NIKE, Inc. (NYSE:NKE)

Czech National Bank boosted its position in NIKE, Inc. (NYSE:NKE) by 5.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 271,294 shares of the footwear maker’s stock after acquiring an additional 13,148 shares during the quarter. Czech National Bank’s holdings in NIKE were worth $17,222,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in NKE. Norges Bank bought a new position in NIKE in the fourth quarter valued at $1,126,288,000. Wellington Management Group LLP increased its stake in NIKE by 32.4% in the fourth quarter. Wellington Management Group LLP now owns 36,340,736 shares of the footwear maker’s stock valued at $2,749,903,000 after acquiring an additional 8,898,591 shares during the last quarter. Bank of New York Mellon Corp increased its stake in NIKE by 18.1% in the fourth quarter. Bank of New York Mellon Corp now owns 20,367,993 shares of the footwear maker’s stock valued at $1,541,246,000 after acquiring an additional 3,121,929 shares during the last quarter. Renaissance Technologies LLC increased its stake in NIKE by 1,302.7% in the fourth quarter. Renaissance Technologies LLC now owns 2,602,101 shares of the footwear maker’s stock valued at $196,901,000 after acquiring an additional 2,416,601 shares during the last quarter. Finally, Capital World Investors increased its stake in NIKE by 10.3% in the fourth quarter. Capital World Investors now owns 24,545,937 shares of the footwear maker’s stock valued at $1,857,389,000 after acquiring an additional 2,288,627 shares during the last quarter. Institutional investors own 64.25% of the company’s stock.

Insider Buying and Selling at NIKE

In other NIKE news, Director Robert Holmes Swan bought 8,600 shares of the firm’s stock in a transaction on Friday, April 4th. The stock was acquired at an average price of $58.46 per share, with a total value of $502,756.00. Following the completion of the purchase, the director now owns 31,983 shares of the company’s stock, valued at approximately $1,869,726.18. This trade represents a 36.78% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on NKE shares. Stifel Nicolaus cut their price target on shares of NIKE from $75.00 to $64.00 and set a “hold” rating for the company in a research report on Thursday, April 10th. Jefferies Financial Group restated a “buy” rating on shares of NIKE in a research report on Friday, May 23rd. Robert W. Baird cut their price target on shares of NIKE from $105.00 to $99.00 and set an “outperform” rating for the company in a research report on Friday, March 21st. Telsey Advisory Group cut their price target on shares of NIKE from $80.00 to $70.00 and set a “market perform” rating for the company in a research report on Tuesday, May 6th. Finally, Barclays cut their price target on shares of NIKE from $70.00 to $60.00 and set an “equal weight” rating for the company in a research report on Monday, May 12th. Seventeen equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $80.26.

NIKE Price Performance

NKE stock opened at $60.52 on Monday. NIKE, Inc. has a 1 year low of $52.28 and a 1 year high of $98.04. The firm has a 50-day moving average of $59.08 and a 200 day moving average of $69.58. The company has a market cap of $89.52 billion, a P/E ratio of 18.68, a PEG ratio of 2.52 and a beta of 1.23. 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 (NYSE:NKE) last announced its 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 net margin of 9.98% and a return on equity of 36.99%. The business had revenue of $11.27 billion during the quarter, compared to the consensus estimate of $11.02 billion. During the same quarter last year, the firm earned $0.98 earnings per share. The business’s revenue for the quarter was down 9.1% on a year-over-year basis. On average, sell-side analysts forecast that NIKE, Inc. will post 2.05 EPS for the current 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 paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.64%. The ex-dividend date is Monday, June 2nd. NIKE’s dividend payout ratio is 53.16%.

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.