NIKE, Inc. $NKE Shares Sold by Generali Asset Management SPA SGR

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

Other institutional investors also recently made changes to their positions in the company. ASR Vermogensbeheer N.V. lifted its stake in NIKE by 2.1% during the fourth quarter. ASR Vermogensbeheer N.V. now owns 602,837 shares of the footwear maker’s stock valued at $38,408,000 after purchasing an additional 12,495 shares during the last quarter. Olstein Capital Management L.P. lifted its stake in NIKE by 6.1% during the fourth quarter. Olstein Capital Management L.P. now owns 104,000 shares of the footwear maker’s stock valued at $6,626,000 after purchasing an additional 6,000 shares during the last quarter. MGO One Seven LLC lifted its stake in NIKE by 261.3% during the fourth quarter. MGO One Seven LLC now owns 105,638 shares of the footwear maker’s stock valued at $6,730,000 after purchasing an additional 76,396 shares during the last quarter. Cassaday & Co Wealth Management LLC lifted its stake in NIKE by 9.7% during the fourth quarter. Cassaday & Co Wealth Management LLC now owns 7,241 shares of the footwear maker’s stock valued at $461,000 after purchasing an additional 640 shares during the last quarter. Finally, CORDA Investment Management LLC. lifted its stake in NIKE by 1.5% during the fourth quarter. CORDA Investment Management LLC. now owns 175,201 shares of the footwear maker’s stock valued at $11,162,000 after purchasing an additional 2,574 shares during the last quarter. 64.25% of the stock is owned by institutional investors and hedge funds.

NIKE Stock Performance

NIKE stock opened at $44.10 on Friday. The firm’s 50 day simple moving average is $50.16 and its 200-day simple moving average is $59.14. The company has a market cap of $65.31 billion, a P/E ratio of 29.21, a price-to-earnings-growth ratio of 2.34 and a beta of 1.12. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.14 and a quick ratio of 1.45. NIKE, Inc. has a fifty-two week low of $42.09 and a fifty-two week high of $80.17.

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

NIKE Dividend Announcement

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

Analyst Ratings Changes

Several analysts recently commented on NKE shares. Piper Sandler reissued a “neutral” rating and set a $50.00 target price (down from $60.00) on shares of NIKE in a research note on Friday, April 10th. Weiss Ratings lowered shares of NIKE from a “sell (d+)” rating to a “sell (d)” rating in a research note on Monday, May 4th. Citigroup cut their target price on shares of NIKE from $65.00 to $53.00 and set a “neutral” rating for the company in a research note on Wednesday, April 1st. Barclays cut their target price on shares of NIKE from $73.00 to $67.00 and set an “overweight” rating for the company in a research note on Wednesday, April 1st. Finally, Deutsche Bank Aktiengesellschaft cut their target price on shares of NIKE from $54.00 to $51.00 and set a “hold” rating for the company in a research note on Wednesday, April 1st. Sixteen equities research analysts have rated the stock with a Buy rating, eighteen have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, NIKE presently has an average rating of “Hold” and an average price target of $62.04.

Key Stories Impacting 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

Insider Activity

In related news, Director John W. Rogers, Jr. purchased 4,000 shares of the firm’s stock in a transaction that occurred on Thursday, April 9th. The stock was acquired at an average cost of $43.34 per share, for a total transaction of $173,360.00. Following the completion of the acquisition, the director owned 41,022 shares in the company, valued at $1,777,893.48. This trade represents a 10.80% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robert Holmes Swan purchased 11,781 shares of the firm’s stock in a transaction that occurred on Tuesday, April 7th. The shares were bought at an average price of $42.44 per share, with a total value of $499,985.64. Following the completion of the acquisition, the director owned 55,074 shares of the company’s stock, valued at $2,337,340.56. This trade represents a 27.21% increase in their position. The SEC filing for this purchase provides additional information. In the last ninety days, insiders acquired 64,441 shares of company stock valued at $2,734,204. 0.80% of the stock is currently owned by insiders.

NIKE 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).