Generali Asset Management SPA SGR Has $2.28 Million Position in NIKE, Inc. $NKE

Generali Asset Management SPA SGR reduced its stake in shares of NIKE, Inc. (NYSE:NKE) by 25.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 35,814 shares of the footwear maker’s stock after selling 12,381 shares during the quarter. Generali Asset Management SPA SGR’s holdings in NIKE were worth $2,282,000 as of its most recent filing with the SEC.

Other institutional investors have also made changes to their positions in the company. Mizuho Markets Cayman LP bought a new position in NIKE during the third quarter valued at approximately $34,200,000. PFA Pension Forsikringsaktieselskab bought a new position in NIKE during the fourth quarter valued at approximately $43,188,000. Strive Asset Management LLC bought a new position in NIKE during the third quarter valued at approximately $1,743,000. Park National Corp OH raised its position in NIKE by 81.5% during the fourth quarter. Park National Corp OH now owns 431,055 shares of the footwear maker’s stock valued at $27,463,000 after acquiring an additional 193,514 shares in the last quarter. Finally, Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD raised its position in NIKE by 106.1% during the third quarter. Kranot Hishtalmut Le Morim Ve Gananot Havera Menahelet LTD now owns 205,082 shares of the footwear maker’s stock valued at $14,343,000 after acquiring an additional 105,569 shares in the last quarter. 64.25% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other NIKE news, Director Timothy D. Cook acquired 25,000 shares of NIKE stock in a transaction dated Friday, April 10th. The stock was bought at an average cost of $42.43 per share, with a total value of $1,060,750.00. Following the completion of the transaction, the director owned 130,480 shares of the company’s stock, valued at $5,536,266.40. The trade was a 23.70% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Elliott Hill acquired 23,660 shares of NIKE stock in a transaction dated Monday, April 13th. The stock was acquired at an average cost of $42.27 per share, with a total value of $1,000,108.20. Following the completion of the transaction, the chief executive officer directly owned 265,247 shares of the company’s stock, valued at $11,211,990.69. This trade represents a 9.79% increase in their position. The SEC filing for this purchase provides additional information. In the last three months, insiders have purchased 64,441 shares of company stock worth $2,734,204. 0.80% of the stock is currently owned by company insiders.

NIKE Trading Down 0.7%

Shares of NKE stock opened at $44.10 on Friday. NIKE, Inc. has a 12 month low of $42.09 and a 12 month high of $80.17. The company has a quick ratio of 1.45, a current ratio of 2.14 and a debt-to-equity ratio of 0.50. The business’s 50 day moving average is $50.16 and its two-hundred day moving average is $59.14. The company has a market cap of $65.31 billion, a PE ratio of 29.21, a price-to-earnings-growth ratio of 2.34 and a beta of 1.12.

NIKE (NYSE:NKE) last announced its quarterly earnings results on Tuesday, March 31st. The footwear maker reported $0.35 EPS for the quarter, beating the consensus estimate of $0.29 by $0.06. NIKE had a return on equity of 16.41% and a net margin of 4.84%.The company had revenue of $11.28 billion for the quarter, compared to the consensus estimate of $11.23 billion. During the same quarter last year, the company posted $0.54 earnings per share. The company’s revenue for the quarter was up .1% compared to the same quarter last year. Equities analysts predict that NIKE, Inc. will post 1.51 EPS for the current year.

NIKE Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Monday, June 1st will be issued a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 3.7%. The ex-dividend date is Monday, June 1st. NIKE’s dividend payout ratio (DPR) is 108.61%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on NKE shares. Robert W. Baird cut their price objective on shares of NIKE from $85.00 to $70.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 1st. BNP Paribas Exane cut their price objective on shares of NIKE from $35.00 to $23.00 and set an “underperform” rating on the stock in a research report on Wednesday, April 1st. JPMorgan Chase & Co. reaffirmed a “neutral” rating on shares of NIKE in a research report on Monday, April 13th. Jefferies Financial Group cut their price objective on shares of NIKE from $110.00 to $90.00 and set a “buy” rating on the stock in a research report on Wednesday, April 1st. Finally, Truist Financial cut their price objective on shares of NIKE from $69.00 to $57.00 and set a “buy” rating on the stock in a research report on Wednesday, April 1st. Sixteen investment analysts have rated the stock with a Buy rating, eighteen have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, NIKE currently has an average rating of “Hold” and a consensus price target of $62.04.

Trending Headlines about NIKE

Here are the key news stories impacting NIKE this week:

• Negative Sentiment: Wells Fargo downgraded NIKE to Equal Weight from Overweight and cut its price target to $45 from $55, saying a GLP-1-driven shift in consumer behavior could become a new headwind for athletic wear demand. Article Title
• Negative Sentiment: Reuters reported that bets against NIKE have surged, adding to pressure on CEO Elliott Hill to stabilize performance and restore investor confidence. Article Title
• Negative Sentiment: NIKE is also facing ongoing scrutiny over weak earnings, revenue pressure, and restructuring costs as it moves ahead with nearly 1,400 job cuts tied to its “Win Now” overhaul. Article Title
• Neutral Sentiment: NIKE’s board declared a quarterly dividend of $0.41 per share, which supports the company’s shareholder-return story but does not offset the broader concerns around growth and execution. Article Title
• Neutral Sentiment: Several articles note increased investor attention and valuation-reset chatter, but these appear to be more reflective of market interest than a clear fundamental catalyst. Article Title

NIKE Company Profile

Nike, Inc (NYSE: NKE) is a global designer, marketer and distributor of athletic footwear, apparel, equipment and accessories. Founded in 1964 as Blue Ribbon Sports by Phil Knight and Bill Bowerman and renamed Nike in 1971, the company is headquartered near Beaverton, Oregon. Nike develops and commercializes products across performance and lifestyle categories for sports including running, basketball, soccer and training, and is known for signature technologies and design-driven product lines.

The company markets products under several primary brands, including Nike, Jordan and Converse, and sells through a combination of wholesale relationships, branded retail stores and direct-to-consumer channels such as company-operated stores and digital platforms (e.g., Nike.com and mobile apps).