Czech National Bank Has $19.53 Million Position in NIKE, Inc. (NYSE:NKE)

Czech National Bank raised its stake in NIKE, Inc. (NYSE:NKE) by 5.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 258,146 shares of the footwear maker’s stock after buying an additional 13,396 shares during the period. Czech National Bank’s holdings in NIKE were worth $19,534,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Teachers Insurance & Annuity Association of America acquired a new stake in NIKE during the 3rd quarter valued at approximately $30,000. VitalStone Financial LLC increased its position in shares of NIKE by 52.6% during the third quarter. VitalStone Financial LLC now owns 435 shares of the footwear maker’s stock worth $38,000 after buying an additional 150 shares during the period. Dunhill Financial LLC raised its stake in NIKE by 52.2% during the third quarter. Dunhill Financial LLC now owns 493 shares of the footwear maker’s stock worth $44,000 after buying an additional 169 shares during the last quarter. Riverview Trust Co acquired a new position in NIKE in the third quarter valued at $52,000. Finally, Catalyst Capital Advisors LLC bought a new stake in NIKE during the third quarter valued at $54,000. Institutional investors and hedge funds own 64.25% of the company’s stock.

NIKE Stock Up 0.0 %

NKE opened at $71.31 on Monday. NIKE, Inc. has a fifty-two week low of $70.75 and a fifty-two week high of $107.43. The firm has a market capitalization of $105.48 billion, a P/E ratio of 20.43, a PEG ratio of 1.89 and a beta of 1.02. The company’s 50-day moving average is $76.29 and its 200 day moving average is $78.25. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.36 and a quick ratio of 1.58.

NIKE (NYSE:NKE) last posted its earnings results on Thursday, December 19th. The footwear maker reported $0.78 EPS for the quarter, topping the consensus estimate of $0.63 by $0.15. NIKE had a net margin of 10.60% and a return on equity of 39.84%. The firm had revenue of $12.35 billion for the quarter, compared to analysts’ expectations of $12.11 billion. During the same quarter last year, the firm earned $1.03 EPS. The company’s quarterly revenue was down 7.7% compared to the same quarter last year. Research analysts expect that NIKE, Inc. will post 2.72 earnings per share for the current fiscal year.

NIKE Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Monday, December 2nd were given a $0.40 dividend. The ex-dividend date of this dividend was Monday, December 2nd. This represents a $1.60 annualized dividend and a yield of 2.24%. This is a boost from NIKE’s previous quarterly dividend of $0.37. NIKE’s payout ratio is currently 49.38%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Stifel Nicolaus lowered their price objective on NIKE from $79.00 to $75.00 and set a “hold” rating for the company in a research report on Friday, December 20th. Piper Sandler upgraded NIKE from a “neutral” rating to an “overweight” rating and lifted their target price for the stock from $72.00 to $90.00 in a report on Friday. DA Davidson upgraded NIKE to a “strong-buy” rating in a report on Monday, December 23rd. Needham & Company LLC reiterated a “buy” rating and issued a $84.00 price objective on shares of NIKE in a research note on Friday, December 20th. Finally, Bank of America dropped their target price on shares of NIKE from $95.00 to $90.00 and set a “buy” rating on the stock in a research report on Friday, December 20th. Fourteen research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $89.96.

Insider Buying and Selling at NIKE

In related news, Director John W. Rogers, Jr. bought 2,500 shares of the company’s stock in a transaction on Friday, December 27th. The shares were purchased at an average cost of $76.65 per share, for a total transaction of $191,625.00. Following the completion of the purchase, the director now directly owns 34,403 shares in the company, valued at $2,636,989.95. The trade was a 7.84 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Corporate 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.