Danske Bank A S Buys Shares of 565,743 NIKE, Inc. $NKE

Danske Bank A S purchased a new position in shares of NIKE, Inc. (NYSE:NKE) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor purchased 565,743 shares of the footwear maker’s stock, valued at approximately $39,449,000.

Other large investors have also bought and sold shares of the company. Twin Peaks Wealth Advisors LLC acquired a new stake in NIKE during the 2nd quarter worth $31,000. Guerra Advisors Inc acquired a new position in shares of NIKE in the 3rd quarter valued at $34,000. Gordian Capital Singapore Pte Ltd acquired a new position in shares of NIKE in the 3rd quarter valued at $35,000. Accredited Wealth Management LLC boosted its position in shares of NIKE by 268.6% in 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. Finally, Strive Asset Management LLC bought a new stake in NIKE in the third quarter valued at about $40,000. 64.25% of the stock is currently owned by institutional investors and hedge funds.

NIKE Stock Down 3.1%

NYSE:NKE opened at $53.43 on Thursday. NIKE, Inc. has a 1 year low of $52.28 and a 1 year high of $80.17. The stock has a 50-day moving average price of $61.94 and a two-hundred day moving average price of $65.12. The stock has a market cap of $79.10 billion, a price-to-earnings ratio of 31.43, a PEG ratio of 2.82 and a beta of 1.27. The company has a current ratio of 2.06, a quick ratio of 1.40 and a debt-to-equity ratio of 0.50.

NIKE (NYSE:NKE) last released its quarterly earnings results on Thursday, December 18th. The footwear maker reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.16. NIKE had a return on equity of 18.43% and a net margin of 5.43%.The company had revenue of $12.43 billion for the quarter, compared to analyst estimates of $12.19 billion. During the same quarter last year, the firm posted $0.78 earnings per share. NIKE’s revenue was up .6% compared to the same quarter last year. As a group, equities analysts expect that NIKE, Inc. will post 2.05 earnings per share for the current year.

NIKE Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Monday, March 2nd will be issued a dividend of $0.41 per share. This represents a $1.64 annualized dividend and a yield of 3.1%. The ex-dividend date is Monday, March 2nd. NIKE’s dividend payout ratio (DPR) is 96.47%.

Analysts Set New Price Targets

NKE has been the topic of several analyst reports. Stifel Nicolaus set a $65.00 target price on NIKE and gave the company a “hold” rating in a research note on Friday, December 19th. KeyCorp lowered their price target on NIKE from $90.00 to $75.00 and set an “overweight” rating for the company in a research note on Thursday, January 22nd. Telsey Advisory Group lowered their price target on NIKE from $75.00 to $72.00 and set a “market perform” rating for the company in a research note on Friday, December 19th. Citigroup reissued a “neutral” rating and set a $65.00 price objective (down from $70.00) on shares of NIKE in a research note on Friday, December 19th. Finally, Guggenheim reissued a “buy” rating on shares of NIKE in a research note on Wednesday, December 31st. Twenty-three equities research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, NIKE presently has a consensus rating of “Moderate Buy” and a consensus target price of $74.90.

Insider Activity at NIKE

In other news, Director Timothy D. Cook purchased 50,000 shares of the company’s stock in a transaction on Monday, December 22nd. The shares were purchased at an average price of $58.97 per share, with a total value of $2,948,500.00. Following the purchase, the director directly owned 105,480 shares of the company’s stock, valued at $6,220,155.60. This trade represents a 90.12% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Elliott Hill purchased 16,388 shares of the company’s stock in a transaction on Monday, December 29th. The stock was purchased at an average cost of $61.10 per share, for a total transaction of $1,001,306.80. Following the purchase, the chief executive officer directly owned 241,587 shares in the company, valued at approximately $14,760,965.70. This trade represents a 7.28% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last ninety days, insiders have purchased 75,079 shares of company stock valued at $4,449,887. 0.80% of the stock is owned by corporate insiders.

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).