NIKE, Inc. $NKE Stock Position Raised by Banco Bilbao Vizcaya Argentaria S.A.

Key Points

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Banco Bilbao Vizcaya Argentaria S.A. lifted its holdings in shares of NIKE, Inc. (NYSE:NKE - Free Report) by 78.5% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 588,264 shares of the footwear maker's stock after buying an additional 258,794 shares during the period. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in NIKE were worth $37,229,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of NKE. Stone House Investment Management LLC bought a new stake in shares of NIKE during the 1st quarter valued at about $25,000. Heck Capital Advisors LLC acquired a new position in NIKE during the 4th quarter valued at about $28,000. Roxbury Financial LLC boosted its stake in NIKE by 52.1% during the 1st quarter. Roxbury Financial LLC now owns 587 shares of the footwear maker's stock valued at $37,000 after purchasing an additional 201 shares during the period. N.E.W. Advisory Services LLC acquired a new position in NIKE during the 1st quarter valued at about $37,000. Finally, Putney Financial Group LLC acquired a new position in NIKE during the 4th quarter valued at about $40,000. Institutional investors own 64.25% of the company's stock.

NIKE Trading Up 0.6%

Shares of NYSE:NKE opened at $77.43 on Tuesday. The stock has a market capitalization of $114.36 billion, a price-to-earnings ratio of 35.85, a PEG ratio of 2.80 and a beta of 1.27. NIKE, Inc. has a 1-year low of $52.28 and a 1-year high of $90.62. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.50 and a current ratio of 2.21. The company has a 50 day moving average price of $71.36 and a 200 day moving average price of $67.56.

NIKE (NYSE:NKE - Get Free Report) last issued its earnings results on Thursday, June 26th. The footwear maker reported $0.14 earnings per share for the quarter, topping analysts' consensus estimates of $0.12 by $0.02. The firm had revenue of $11.10 billion during the quarter, compared to analysts' expectations of $10.69 billion. NIKE had a net margin of 6.95% and a return on equity of 23.33%. The firm's revenue for the quarter was down 11.9% compared to the same quarter last year. During the same period last year, the firm posted $0.99 earnings per share. On average, research analysts anticipate that NIKE, Inc. will post 2.05 EPS for the current fiscal year.

NIKE Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Tuesday, September 2nd will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 2.1%. The ex-dividend date is Tuesday, September 2nd. NIKE's dividend payout ratio is 74.07%.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Needham & Company LLC boosted their target price on shares of NIKE from $66.00 to $78.00 and gave the company a "buy" rating in a research note on Friday, June 27th. Piper Sandler boosted their target price on shares of NIKE from $70.00 to $80.00 and gave the company an "overweight" rating in a research note on Friday, June 27th. Williams Trading reduced their target price on shares of NIKE from $93.00 to $73.00 and set a "buy" rating for the company in a research note on Monday, April 21st. Evercore ISI reduced their target price on shares of NIKE from $97.00 to $75.00 and set an "outperform" rating for the company in a research note on Tuesday, June 24th. Finally, Barclays boosted their target price on shares of NIKE from $53.00 to $64.00 and gave the company an "equal weight" rating in a research note on Friday, June 27th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating, seventeen have assigned a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $78.22.

Insider Activity at NIKE

In related news, Chairman Mark G. Parker sold 86,078 shares of the company's stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $75.93, for a total value of $6,535,902.54. Following the completion of the sale, the chairman owned 744,988 shares in the company, valued at approximately $56,566,938.84. This represents a 10.36% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.80% of the company's stock.

About NIKE

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.

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