Banco Bilbao Vizcaya Argentaria S.A. Has $24.91 Million Holdings in NIKE, Inc. (NYSE:NKE)

Banco Bilbao Vizcaya Argentaria S.A. lifted its stake in shares of NIKE, Inc. (NYSE:NKE - Free Report) by 26.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 329,470 shares of the footwear maker's stock after acquiring an additional 67,980 shares during the quarter. Banco Bilbao Vizcaya Argentaria S.A.'s holdings in NIKE were worth $24,907,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. Heck Capital Advisors LLC bought a new position in shares of NIKE in the fourth quarter valued at approximately $28,000. Caitlin John LLC grew its position in shares of NIKE by 117.0% in the fourth quarter. Caitlin John LLC now owns 371 shares of the footwear maker's stock valued at $28,000 after purchasing an additional 200 shares during the last quarter. Roxbury Financial LLC bought a new position in shares of NIKE in the fourth quarter worth about $30,000. LFA Lugano Financial Advisors SA lifted its position in shares of NIKE by 110.5% during the 4th quarter. LFA Lugano Financial Advisors SA now owns 400 shares of the footwear maker's stock worth $30,000 after purchasing an additional 210 shares during the last quarter. Finally, Hopwood Financial Services Inc. bought a new stake in NIKE during the 4th quarter valued at approximately $30,000. Institutional investors and hedge funds own 64.25% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Robert W. Baird lowered their price objective on shares of NIKE from $105.00 to $99.00 and set an "outperform" rating on the stock in a research note on Friday, March 21st. Dbs Bank upgraded shares of NIKE from a "hold" rating to a "strong-buy" rating in a research report on Wednesday, March 5th. Stifel Nicolaus cut their price objective on shares of NIKE from $75.00 to $64.00 and set a "hold" rating for the company in a research report on Thursday, April 10th. Wells Fargo & Company reduced their target price on shares of NIKE from $90.00 to $85.00 and set an "overweight" rating for the company in a research note on Friday, March 21st. Finally, Needham & Company LLC reduced their price objective on NIKE from $84.00 to $80.00 and set a "buy" rating for the company in a research report on Monday, March 17th. Sixteen investment analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $83.19.

NIKE Stock Up 0.6 %

Shares of NKE opened at $57.40 on Thursday. The business's fifty day moving average price is $67.44 and its two-hundred day moving average price is $73.33. The firm has a market capitalization of $84.90 billion, a price-to-earnings ratio of 17.72, a PEG ratio of 2.52 and a beta of 1.15. NIKE, Inc. has a 52 week low of $52.28 and a 52 week high of $98.04. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.51 and a current ratio of 2.22.

NIKE (NYSE:NKE - Get Free Report) last posted its quarterly earnings results on Thursday, March 20th. The footwear maker reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.26. The business had revenue of $11.27 billion for the quarter, compared to analysts' expectations of $11.02 billion. NIKE had a return on equity of 36.99% and a net margin of 9.98%. The firm's quarterly revenue was down 9.1% compared to the same quarter last year. During the same quarter last year, the business earned $0.98 earnings per share. On average, analysts predict that NIKE, Inc. will post 2.05 earnings per share for the current year.

NIKE Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Monday, March 3rd were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 2.79%. The ex-dividend date was Monday, March 3rd. NIKE's dividend payout ratio (DPR) is 53.16%.

Insider Activity at NIKE

In related news, Director Robert Holmes Swan acquired 8,600 shares of the company's stock in a transaction that occurred on Friday, April 4th. The stock was acquired at an average price of $58.46 per share, for a total transaction of $502,756.00. Following the completion of the acquisition, the director now owns 31,983 shares of the company's stock, valued at $1,869,726.18. This trade represents a 36.78 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Chairman Mark G. Parker sold 169,732 shares of the firm's stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $72.83, for a total value of $12,361,581.56. Following the transaction, the chairman now owns 896,632 shares in the company, valued at approximately $65,301,708.56. This trade represents a 15.92 % decrease in their position. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by company 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.

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