Czech National Bank Has $19.98 Million Stake in NIKE, Inc. $NKE

Czech National Bank increased its position in shares of NIKE, Inc. (NYSE:NKEFree Report) by 3.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 313,574 shares of the footwear maker’s stock after purchasing an additional 11,843 shares during the period. Czech National Bank’s holdings in NIKE were worth $19,978,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Twin Peaks Wealth Advisors LLC acquired a new position in NIKE in the 2nd quarter valued at $31,000. Guerra Advisors Inc acquired a new stake in shares of NIKE during the third quarter worth $34,000. Gordian Capital Singapore Pte Ltd acquired a new stake in shares of NIKE during the third quarter worth $35,000. Accredited Wealth Management LLC boosted its position in shares of NIKE by 268.6% in the third quarter. Accredited Wealth Management LLC now owns 516 shares of the footwear maker’s stock valued at $36,000 after acquiring an additional 376 shares during the period. Finally, Strive Asset Management LLC bought a new stake in shares of NIKE in the third quarter valued at about $40,000. 64.25% of the stock is currently owned by institutional investors.

Insider Activity at NIKE

In other news, CEO Elliott Hill purchased 16,388 shares of the business’s stock in a transaction dated Monday, December 29th. The stock was bought at an average price of $61.10 per share, with a total value of $1,001,306.80. Following the acquisition, the chief executive officer owned 241,587 shares in the company, valued at approximately $14,760,965.70. The trade was a 7.28% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on NKE shares. Raymond James Financial reaffirmed a “market perform” rating on shares of NIKE in a research report on Monday, December 15th. Wells Fargo & Company set a $65.00 price objective on shares of NIKE and gave the company an “overweight” rating in a report on Friday, December 19th. Needham & Company LLC lowered shares of NIKE from a “buy” rating to a “hold” rating in a research report on Thursday, January 8th. Truist Financial set a $69.00 target price on shares of NIKE in a report on Wednesday, January 14th. Finally, Sanford C. Bernstein reiterated a “buy” rating on shares of NIKE in a research report on Thursday, March 5th. Twenty-two equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, NIKE has a consensus rating of “Moderate Buy” and an average price target of $73.20.

Get Our Latest Research Report on NIKE

NIKE Stock Down 1.8%

NKE stock opened at $52.03 on Friday. NIKE, Inc. has a 52 week low of $51.87 and a 52 week high of $80.17. The business has a 50-day simple moving average of $60.42 and a 200 day simple moving average of $64.26. The company has a quick ratio of 1.40, a current ratio of 2.06 and a debt-to-equity ratio of 0.50. The company has a market cap of $77.02 billion, a PE ratio of 30.61, a price-to-earnings-growth ratio of 2.79 and a beta of 1.27.

NIKE Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Stockholders of record on Monday, March 2nd will be given a $0.41 dividend. The ex-dividend date is Monday, March 2nd. This represents a $1.64 annualized dividend and a dividend yield of 3.2%. NIKE’s payout ratio is presently 96.47%.

More NIKE News

Here are the key news stories impacting NIKE this week:

NIKE Company Profile

(Free Report)

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).

Featured Stories

Institutional Ownership by Quarter for NIKE (NYSE:NKE)

Receive News & Ratings for NIKE Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for NIKE and related companies with MarketBeat.com's FREE daily email newsletter.