CenterBook Partners LP Trims Holdings in NIKE, Inc. (NYSE:NKE)

CenterBook Partners LP reduced its stake in NIKE, Inc. (NYSE:NKE - Free Report) by 72.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,762 shares of the footwear maker's stock after selling 54,396 shares during the period. CenterBook Partners LP's holdings in NIKE were worth $1,318,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Brighton Jones LLC lifted its position in shares of NIKE by 388.5% in the 4th quarter. Brighton Jones LLC now owns 202,411 shares of the footwear maker's stock worth $15,316,000 after purchasing an additional 160,980 shares during the period. Bank Pictet & Cie Europe AG lifted its position in shares of NIKE by 10.3% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 190,915 shares of the footwear maker's stock worth $14,447,000 after purchasing an additional 17,888 shares during the period. Proficio Capital Partners LLC lifted its position in shares of NIKE by 6.4% in the 4th quarter. Proficio Capital Partners LLC now owns 21,634 shares of the footwear maker's stock worth $1,637,000 after purchasing an additional 1,299 shares during the period. Axxcess Wealth Management LLC lifted its position in shares of NIKE by 61.1% in the 4th quarter. Axxcess Wealth Management LLC now owns 10,238 shares of the footwear maker's stock worth $775,000 after purchasing an additional 3,883 shares during the period. Finally, PDS Planning Inc lifted its position in shares of NIKE by 11.5% in the 4th quarter. PDS Planning Inc now owns 3,794 shares of the footwear maker's stock worth $287,000 after purchasing an additional 390 shares during the period. 64.25% of the stock is currently owned by institutional investors.

NIKE Stock Performance

NKE stock traded down $0.48 during midday trading on Friday, hitting $72.50. 8,792,733 shares of the stock traded hands, compared to its average volume of 15,094,757. The firm has a market cap of $107.24 billion, a P/E ratio of 33.56, a PEG ratio of 2.65 and a beta of 1.25. The company has a debt-to-equity ratio of 0.60, a current ratio of 2.21 and a quick ratio of 1.50. The stock's fifty day simple moving average is $65.21 and its 200-day simple moving average is $67.29. NIKE, Inc. has a 1-year low of $52.28 and a 1-year high of $90.62.

NIKE (NYSE:NKE - Get Free Report) last released its quarterly earnings results on Thursday, June 26th. The footwear maker reported $0.14 EPS for the quarter, beating the consensus estimate of $0.12 by $0.02. NIKE had a net margin of 6.95% and a return on equity of 23.33%. The company had revenue of $11.10 billion for the quarter, compared to analyst estimates of $10.69 billion. During the same quarter last year, the business earned $0.99 earnings per share. The firm's revenue was down 11.9% on a year-over-year basis. On average, analysts expect that NIKE, Inc. will post 2.05 earnings per share for the current year.

NIKE Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 1st. Stockholders of record on Monday, June 2nd were given a $0.40 dividend. The ex-dividend date was Monday, June 2nd. This represents a $1.60 annualized dividend and a dividend yield of 2.21%. NIKE's dividend payout ratio (DPR) is 74.07%.

Analysts Set New Price Targets

A number of research firms recently commented on NKE. The Goldman Sachs Group increased their target price on shares of NIKE from $72.00 to $81.00 and gave the company a "buy" rating in a research report on Friday, June 27th. Barclays increased their target price on shares of NIKE from $53.00 to $64.00 and gave the company an "equal weight" rating in a research report on Friday, June 27th. DZ Bank cut shares of NIKE from a "buy" rating to a "hold" rating and set a $76.00 target price for the company. in a research report on Thursday, July 10th. Citigroup increased their target price on shares of NIKE from $57.00 to $68.00 and gave the company a "neutral" rating in a research report on Friday, June 27th. Finally, Stifel Nicolaus decreased their target price 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. One analyst has rated the stock with a sell rating, thirteen have issued a hold rating, sixteen have given a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $77.15.

Insider Activity

In other news, Chairman Mark G. Parker sold 110,000 shares of NIKE 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 sale, the chairman owned 842,361 shares in the company, valued at $60,894,276.69. This trade represents a 11.55% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.10% of the stock is currently owned by company insiders.

NIKE Company 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.