Amundi Bolsters Stake in NIKE Amid Caution Over Company's Outlook

Amundi has increased its holdings in NIKE, Inc. by 59.4% during the second quarter.

The institutional investor owned approximately 6.46 million shares of NKE stock after acquiring an additional 2.41 million shares.

This represents about 0.44% of NIKE's outstanding shares, valued at $265 million as of its most recent SEC filing.

Other investors who have recently purchased or increased their holdings in NKE include Carlson Financial Inc., which boosted its stake by 43.7%, and California State Teachers Retirement System, which saw a 4,052.9% increase in its holdings.

In contrast, some analysts remain cautious about the company's prospects, citing concerns over earnings quality and cash-flow deterioration.