Danske Bank A S Invests $39.45 Million in NIKE, Inc. $NKE

Danske Bank A S bought a new stake in shares of NIKE, Inc. (NYSE:NKE) during the 3rd quarter, according to its most recent filing with the SEC. The fund bought 565,743 shares of the footwear maker’s stock, valued at approximately $39,449,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Main Street Financial Solutions LLC grew its stake in shares of NIKE by 4.2% in the 2nd quarter. Main Street Financial Solutions LLC now owns 3,441 shares of the footwear maker’s stock valued at $244,000 after purchasing an additional 139 shares during the period. St. Clair Advisors LLC raised its holdings in shares of NIKE by 0.9% in the 3rd quarter. St. Clair Advisors LLC now owns 15,217 shares of the footwear maker’s stock worth $1,061,000 after buying an additional 140 shares in the last quarter. Spirepoint Private Client LLC lifted its position in shares of NIKE by 0.4% during the 3rd quarter. Spirepoint Private Client LLC now owns 36,140 shares of the footwear maker’s stock worth $2,520,000 after buying an additional 153 shares during the period. Evelyn Partners Investment Management Europe Ltd boosted its stake in NIKE by 18.5% in the 2nd quarter. Evelyn Partners Investment Management Europe Ltd now owns 997 shares of the footwear maker’s stock valued at $71,000 after buying an additional 156 shares in the last quarter. Finally, CVA Family Office LLC boosted its stake in NIKE by 8.0% in the 3rd quarter. CVA Family Office LLC now owns 2,113 shares of the footwear maker’s stock valued at $147,000 after buying an additional 156 shares in the last quarter. Institutional investors own 64.25% of the company’s stock.

NIKE Stock Performance

NIKE stock opened at $53.43 on Thursday. The stock has a 50-day simple moving average of $61.94 and a 200 day simple moving average of $65.12. The company has a quick ratio of 1.40, a current ratio of 2.06 and a debt-to-equity ratio of 0.50. NIKE, Inc. has a 12-month low of $52.28 and a 12-month high of $80.17. The stock has a market capitalization of $79.10 billion, a price-to-earnings ratio of 31.43, a P/E/G ratio of 2.82 and a beta of 1.27.

NIKE (NYSE:NKE) last issued its quarterly earnings data 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 net margin of 5.43% and a return on equity of 18.43%. The firm had revenue of $12.43 billion for the quarter, compared to analyst estimates of $12.19 billion. During the same quarter in the prior year, the firm earned $0.78 EPS. The company’s revenue was up .6% on a year-over-year basis. On average, research analysts anticipate that NIKE, Inc. will post 2.05 earnings per share for the current fiscal year.

NIKE Announces Dividend

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

Analyst Ratings Changes

NKE has been the topic of several recent analyst reports. BTIG Research restated a “buy” rating and issued a $100.00 target price on shares of NIKE in a research note on Tuesday, January 27th. Royal Bank Of Canada reiterated an “outperform” rating and set a $78.00 target price on shares of NIKE in a research report on Thursday, March 5th. Argus reduced their price target on shares of NIKE from $85.00 to $70.00 in a research report on Tuesday, December 23rd. Sanford C. Bernstein reaffirmed a “buy” rating on shares of NIKE in a research note on Thursday, March 5th. Finally, Needham & Company LLC cut shares of NIKE from a “buy” rating to a “hold” rating in a research note on Thursday, January 8th. Twenty-three investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $74.90.

Insider Buying and Selling

In other news, Director Robert Holmes Swan bought 8,691 shares of the stock in a transaction dated Monday, December 22nd. The stock was bought at an average cost of $57.54 per share, with a total value of $500,080.14. Following the purchase, the director owned 43,293 shares of the company’s stock, valued at approximately $2,491,079.22. This represents a 25.12% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Elliott Hill bought 16,388 shares of the company’s stock in a transaction dated Monday, December 29th. The shares were purchased at an average price of $61.10 per share, with a total value of $1,001,306.80. Following the transaction, the chief executive officer owned 241,587 shares of the company’s stock, valued at $14,760,965.70. The trade was a 7.28% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders purchased 75,079 shares of company stock worth $4,449,887 in the last quarter. Insiders own 0.80% of the company’s stock.

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).