Skandinaviska Enskilda Banken AB publ Purchases 4,314 Shares of NIKE, Inc. (NYSE:NKE)

Skandinaviska Enskilda Banken AB publ boosted its position in NIKE, Inc. (NYSE:NKE) by 1.8% in the second quarter, HoldingsChannel reports. The firm owned 247,832 shares of the footwear maker’s stock after buying an additional 4,314 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in NIKE were worth $18,679,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Annapolis Financial Services LLC grew its position in shares of NIKE by 440.0% during the 1st quarter. Annapolis Financial Services LLC now owns 270 shares of the footwear maker’s stock valued at $25,000 after acquiring an additional 220 shares during the period. True Wealth Design LLC grew its position in shares of NIKE by 106.4% during the 4th quarter. True Wealth Design LLC now owns 291 shares of the footwear maker’s stock valued at $32,000 after acquiring an additional 150 shares during the period. Frank Rimerman Advisors LLC bought a new position in shares of NIKE during the 4th quarter valued at approximately $33,000. Core Wealth Advisors Inc. grew its position in shares of NIKE by 408.5% during the 4th quarter. Core Wealth Advisors Inc. now owns 300 shares of the footwear maker’s stock valued at $33,000 after acquiring an additional 241 shares during the period. Finally, Gold Investment Management Ltd. purchased a new stake in shares of NIKE during the 4th quarter valued at approximately $36,000. 64.25% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. Bank of America dropped their price target on shares of NIKE from $113.00 to $104.00 and set a “buy” rating on the stock in a research note on Friday, June 28th. Evercore ISI upped their price target on shares of NIKE from $105.00 to $110.00 and gave the company an “outperform” rating in a research note on Friday. Robert W. Baird upped their price target on shares of NIKE from $100.00 to $110.00 and gave the company an “outperform” rating in a research note on Friday. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $92.00 price target on shares of NIKE in a research note on Friday. Finally, Citigroup dropped their price target on shares of NIKE from $115.00 to $102.00 and set a “buy” rating on the stock in a research note on Friday, June 28th. Fifteen investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $96.15.

Insider Activity at NIKE

In other NIKE news, Chairman Mark G. Parker sold 52,487 shares of the firm’s stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $78.00, for a total value of $4,093,986.00. Following the sale, the chairman now owns 1,031,226 shares of the company’s stock, valued at approximately $80,435,628. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, Director Robert Holmes Swan purchased 2,941 shares of the business’s stock in a transaction on Friday, June 28th. The shares were acquired at an average price of $77.02 per share, with a total value of $226,515.82. Following the acquisition, the director now directly owns 20,946 shares in the company, valued at $1,613,260.92. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Chairman Mark G. Parker sold 52,487 shares of the firm’s stock in a transaction on Wednesday, August 14th. The stock was sold at an average price of $78.00, for a total transaction of $4,093,986.00. Following the completion of the sale, the chairman now directly owns 1,031,226 shares in the company, valued at approximately $80,435,628. The disclosure for this sale can be found here. 0.50% of the stock is owned by insiders.

NIKE Price Performance

Shares of NYSE:NKE opened at $86.55 on Friday. The company’s fifty day moving average price is $78.11 and its 200-day moving average price is $87.14. The firm has a market capitalization of $130.64 billion, a price-to-earnings ratio of 23.20, a PEG ratio of 2.08 and a beta of 1.02. NIKE, Inc. has a one year low of $70.75 and a one year high of $123.39. The company has a debt-to-equity ratio of 0.55, a current ratio of 2.40 and a quick ratio of 1.69.

NIKE (NYSE:NKE) last released its earnings results on Thursday, June 27th. The footwear maker reported $1.01 EPS for the quarter, beating the consensus estimate of $0.85 by $0.16. NIKE had a net margin of 11.10% and a return on equity of 42.63%. The company had revenue of $12.60 billion for the quarter, compared to analyst estimates of $12.86 billion. During the same quarter last year, the firm earned $0.66 EPS. The firm’s quarterly revenue was down 1.6% compared to the same quarter last year. On average, equities research analysts anticipate that NIKE, Inc. will post 3.06 earnings per share for the current fiscal year.

NIKE Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Tuesday, September 3rd will be issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 1.71%. The ex-dividend date of this dividend is Tuesday, September 3rd. NIKE’s dividend payout ratio is currently 39.68%.

NIKE Profile

NIKE, Inc, together with its subsidiaries, designs, develops, markets, and sells athletic footwear, apparel, equipment, accessories, and services worldwide. The company provides athletic and casual footwear, apparel, and accessories under the Jumpman trademark; and casual sneakers, apparel, and accessories under the Converse, Chuck Taylor, All Star, One Star, Star Chevron, and Jack Purcell trademarks.