NIKE, Inc. (NYSE:NKE) Shares Acquired by Banco Santander S.A.

Key Points

• Banco Santander S.A. has increased its stake in NIKE, Inc. by 29.6%, now owning 172,353 shares valued at approximately $10.94 million.
• NIKE's most recent quarterly earnings showed earnings per share (EPS) of $0.14, beating expectations, despite a 11.9% drop in revenue compared to the previous year.
• Analysts have given NIKE a consensus rating of "Moderate Buy" with an average price target of $78.22, while some firms have recently downgraded their price objectives for the stock.

Banco Santander S.A. raised its stake in shares of NIKE, Inc. (NYSE:NKE - Free Report) by 29.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 172,353 shares of the footwear maker's stock after purchasing an additional 39,351 shares during the quarter. Banco Santander S.A.'s holdings in NIKE were worth $10,941,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Heck Capital Advisors LLC acquired a new position in NIKE during the 4th quarter valued at approximately $28,000. EnRich Financial Partners LLC increased its stake in shares of NIKE by 196.4% in the fourth quarter. EnRich Financial Partners LLC now owns 412 shares of the footwear maker's stock worth $31,000 after acquiring an additional 273 shares during the period. Ritter Daniher Financial Advisory LLC DE increased its stake in shares of NIKE by 95.1% in the fourth quarter. Ritter Daniher Financial Advisory LLC DE now owns 513 shares of the footwear maker's stock worth $39,000 after acquiring an additional 250 shares during the period. Putney Financial Group LLC acquired a new stake in shares of NIKE in the fourth quarter worth $40,000. Finally, Minot DeBlois Advisors LLC acquired a new stake in shares of NIKE in the fourth quarter worth $42,000. Institutional investors and hedge funds own 64.25% of the company's stock.

NIKE Stock Performance

NKE opened at $74.61 on Friday. The company has a quick ratio of 1.50, a current ratio of 2.21 and a debt-to-equity ratio of 0.60. The company has a market cap of $110.19 billion, a price-to-earnings ratio of 34.54, a PEG ratio of 2.71 and a beta of 1.27. NIKE, Inc. has a 52-week low of $52.28 and a 52-week high of $90.62. The firm's fifty day simple moving average is $68.36 and its two-hundred day simple moving average is $67.51.

NIKE (NYSE:NKE - Get Free Report) last posted its quarterly earnings data on Thursday, June 26th. The footwear maker reported $0.14 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.12 by $0.02. The business had revenue of $11.10 billion for the quarter, compared to the consensus estimate of $10.69 billion. NIKE had a net margin of 6.95% and a return on equity of 23.33%. The company's revenue 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. Equities analysts anticipate that NIKE, Inc. will post 2.05 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently weighed in on NKE. DZ Bank lowered shares of NIKE from a "buy" rating to a "hold" rating and set a $76.00 price objective on the stock. in a research note on Thursday, July 10th. Stifel Nicolaus cut their price objective on shares of NIKE from $75.00 to $64.00 and set a "hold" rating on the stock in a research note on Thursday, April 10th. Williams Trading cut their price objective on shares of NIKE from $93.00 to $73.00 and set a "buy" rating on the stock in a research note on Monday, April 21st. Argus upgraded shares of NIKE to a "buy" rating in a research note on Sunday, July 6th. Finally, Hsbc Global Res upgraded shares of NIKE from a "hold" rating to a "strong-buy" rating in a research note on Friday, June 27th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating, seventeen have issued a buy rating and three have given a strong buy rating to the company's stock. According to data from MarketBeat, NIKE presently has a consensus rating of "Moderate Buy" and an average price target of $78.22.

Insider Buying and Selling at NIKE

In other news, Chairman Mark G. Parker sold 110,000 shares of the firm's stock in a transaction dated Wednesday, July 16th. The shares were sold at an average price of $72.29, for a total value of $7,951,900.00. Following the transaction, the chairman directly owned 842,361 shares of the company's stock, valued at approximately $60,894,276.69. This trade represents a 11.55% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate 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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