SSA Swiss Advisors AG Makes New $2.67 Million Investment in NIKE, Inc. (NYSE:NKE)

SSA Swiss Advisors AG bought a new stake in NIKE, Inc. (NYSE:NKE) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 41,866 shares of the footwear maker’s stock, valued at approximately $2,671,000.

A number of other large investors have also modified their holdings of NKE. Heck Capital Advisors LLC acquired a new position in shares of NIKE in the 4th quarter worth approximately $28,000. EnRich Financial Partners LLC grew its position in shares of NIKE by 196.4% in the 4th quarter. EnRich Financial Partners LLC now owns 412 shares of the footwear maker’s stock worth $31,000 after acquiring an additional 273 shares in the last quarter. Roxbury Financial LLC grew its position in shares of NIKE by 52.1% in the 1st quarter. Roxbury Financial LLC now owns 587 shares of the footwear maker’s stock worth $37,000 after acquiring an additional 201 shares in the last quarter. N.E.W. Advisory Services LLC acquired a new position in shares of NIKE in the 1st quarter worth approximately $37,000. Finally, Ritter Daniher Financial Advisory LLC DE lifted its holdings in shares of NIKE by 95.1% in the 4th quarter. Ritter Daniher Financial Advisory LLC DE now owns 513 shares of the footwear maker’s stock worth $39,000 after purchasing an additional 250 shares during the last quarter. Institutional investors and hedge funds own 64.25% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on NKE. Barclays raised their price target on NIKE from $53.00 to $64.00 and gave the stock an “equal weight” rating in a report on Friday, June 27th. Argus raised NIKE to a “buy” rating in a report on Sunday, July 6th. Robert W. Baird lifted their target price on NIKE from $80.00 to $88.00 and gave the company an “outperform” rating in a research note on Friday, June 27th. Morgan Stanley lifted their target price on NIKE from $61.00 to $64.00 and gave the company an “equal weight” rating in a research note on Friday, June 27th. Finally, JPMorgan Chase & Co. raised NIKE from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $64.00 to $93.00 in a research note on Monday. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating, seventeen have issued a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $78.22.

NIKE Trading Down 1.1%

NIKE stock opened at $78.40 on Wednesday. The business has a 50 day moving average price of $67.47 and a two-hundred day moving average price of $67.42. NIKE, Inc. has a 12 month low of $52.28 and a 12 month high of $90.62. The stock has a market cap of $115.79 billion, a price-to-earnings ratio of 36.30, a price-to-earnings-growth ratio of 2.91 and a beta of 1.25. The company has a quick ratio of 1.50, a current ratio of 2.21 and a debt-to-equity ratio of 0.60.

NIKE (NYSE:NKE) last released its quarterly earnings results on Thursday, June 26th. The footwear maker reported $0.14 earnings per share for the quarter, beating analysts’ consensus estimates of $0.12 by $0.02. NIKE had a return on equity of 23.33% and a net margin of 6.95%. The firm had revenue of $11.10 billion during the quarter, compared to analysts’ expectations of $10.69 billion. During the same period last year, the firm posted $0.99 EPS. The business’s revenue was down 11.9% on a year-over-year basis. As a group, equities analysts forecast that NIKE, Inc. will post 2.05 EPS for the current year.

NIKE Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Investors of record on Monday, June 2nd were issued a dividend of $0.40 per share. The ex-dividend date was Monday, June 2nd. This represents a $1.60 dividend on an annualized basis and a yield of 2.04%. NIKE’s dividend payout ratio is 74.07%.

Insiders Place Their Bets

In related news, Chairman Mark G. Parker sold 110,000 shares of the firm’s stock in a transaction on Wednesday, July 16th. The stock was sold at an average price of $72.29, for a total transaction of $7,951,900.00. Following the completion of the sale, the chairman directly owned 842,361 shares of the company’s stock, valued at $60,894,276.69. This trade represents a 11.55% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.80% of the stock is owned by corporate insiders.

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.