Danske Bank A S Has $38.56 Million Position in NIKE, Inc. $NKE

Danske Bank A S raised its stake in NIKE, Inc. (NYSE:NKE) by 7.0% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 605,206 shares of the footwear maker’s stock after acquiring an additional 39,463 shares during the period. Danske Bank A S’s holdings in NIKE were worth $38,558,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in NKE. Guerra Advisors Inc bought a new stake in NIKE in the third quarter valued at approximately $34,000. Gordian Capital Singapore Pte Ltd bought a new position in NIKE during the 3rd quarter worth approximately $35,000. Accredited Wealth Management LLC raised its holdings in NIKE by 268.6% during the 3rd quarter. Accredited Wealth Management LLC now owns 516 shares of the footwear maker’s stock worth $36,000 after purchasing an additional 376 shares during the last quarter. Strive Asset Management LLC acquired a new position in shares of NIKE in the 3rd quarter worth approximately $40,000. Finally, Matrix Trust Co boosted its stake in shares of NIKE by 43.6% in the 4th quarter. Matrix Trust Co now owns 596 shares of the footwear maker’s stock valued at $38,000 after purchasing an additional 181 shares during the last quarter. Institutional investors and hedge funds own 64.25% of the company’s stock.

Insider Transactions at NIKE

In other news, Director Robert Holmes Swan purchased 11,781 shares of the business’s stock in a transaction on Tuesday, April 7th. The shares were acquired at an average price of $42.44 per share, for a total transaction of $499,985.64. Following the completion of the acquisition, the director owned 55,074 shares in the company, valued at approximately $2,337,340.56. The trade was a 27.21% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Elliott Hill acquired 23,660 shares of NIKE stock in a transaction on Monday, April 13th. The stock was purchased at an average cost of $42.27 per share, with a total value of $1,000,108.20. Following the purchase, the chief executive officer directly owned 265,247 shares of the company’s stock, valued at approximately $11,211,990.69. This trade represents a 9.79% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders acquired 64,441 shares of company stock valued at $2,734,204. 0.80% of the stock is currently owned by corporate insiders.

NIKE Stock Up 0.2%

Shares of NYSE NKE opened at $44.46 on Friday. The firm has a market cap of $65.85 billion, a PE ratio of 29.45, a P/E/G ratio of 2.35 and a beta of 1.12. NIKE, Inc. has a 12-month low of $42.09 and a 12-month high of $80.17. The company’s fifty day simple moving average is $51.39 and its 200 day simple moving average is $59.75. The company has a quick ratio of 1.45, a current ratio of 2.14 and a debt-to-equity ratio of 0.50.

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

NIKE Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 1st. Stockholders of record on Monday, March 2nd were paid a $0.41 dividend. The ex-dividend date was Monday, March 2nd. This represents a $1.64 annualized dividend and a dividend yield of 3.7%. NIKE’s dividend payout ratio (DPR) is currently 108.61%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on NKE shares. BNP Paribas Exane decreased their price objective on shares of NIKE from $35.00 to $23.00 and set an “underperform” rating for the company in a research report on Wednesday, April 1st. Weiss Ratings lowered shares of NIKE from a “hold (c-)” rating to a “sell (d+)” rating in a report on Monday, April 6th. JPMorgan Chase & Co. reiterated a “neutral” rating on shares of NIKE in a report on Monday, April 13th. Bank of America reissued a “neutral” rating and issued a $55.00 price objective (down from $73.00) on shares of NIKE in a research report on Wednesday, April 1st. Finally, Wall Street Zen downgraded NIKE from a “hold” rating to a “sell” rating in a research note on Saturday, April 18th. Seventeen equities research analysts have rated the stock with a Buy rating, seventeen have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, NIKE has a consensus rating of “Hold” and a consensus price target of $62.34.

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).