CenterBook Partners LP Has $5.69 Million Holdings in NIKE, Inc. (NYSE:NKE)

CenterBook Partners LP decreased its stake in NIKE, Inc. (NYSE:NKE - Free Report) by 9.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 75,158 shares of the footwear maker's stock after selling 7,978 shares during the quarter. CenterBook Partners LP's holdings in NIKE were worth $5,687,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the stock. DRW Securities LLC acquired a new stake in shares of NIKE in the 4th quarter valued at $209,000. Texas Yale Capital Corp. raised its stake in shares of NIKE by 1.1% in the 4th quarter. Texas Yale Capital Corp. now owns 237,763 shares of the footwear maker's stock valued at $17,992,000 after acquiring an additional 2,650 shares in the last quarter. Azimuth Capital Investment Management LLC raised its stake in shares of NIKE by 8.1% in the 4th quarter. Azimuth Capital Investment Management LLC now owns 2,670 shares of the footwear maker's stock valued at $202,000 after acquiring an additional 200 shares in the last quarter. APG Asset Management N.V. bought a new stake in NIKE during the fourth quarter worth approximately $48,164,000. Finally, Bernard Wealth Management Corp. acquired a new position in NIKE during the fourth quarter valued at approximately $119,000. 64.25% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of brokerages have recently weighed in on NKE. Truist Financial reduced their price objective on shares of NIKE from $90.00 to $82.00 and set a "buy" rating for the company in a research note on Friday, March 21st. Deutsche Bank Aktiengesellschaft cut their target price on shares of NIKE from $92.00 to $82.00 and set a "buy" rating for the company in a research report on Monday, December 16th. Needham & Company LLC lowered their price target on NIKE from $84.00 to $80.00 and set a "buy" rating on the stock in a research report on Monday, March 17th. Piper Sandler cut their price objective on NIKE from $90.00 to $70.00 and set an "overweight" rating for the company in a research report on Friday. Finally, Bank of America lowered their price objective on shares of NIKE from $95.00 to $90.00 and set a "buy" rating on the stock in a research note on Friday, December 20th. Fifteen research analysts have rated the stock with a hold rating, sixteen have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $86.19.

NIKE Price Performance

NKE traded up $0.04 during midday trading on Friday, hitting $54.44. The company had a trading volume of 22,585,735 shares, compared to its average volume of 14,024,007. NIKE, Inc. has a twelve month low of $52.28 and a twelve month high of $98.04. The company has a market capitalization of $80.52 billion, a PE ratio of 16.80, a P/E/G ratio of 2.52 and a beta of 1.15. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.51 and a current ratio of 2.22. The firm's 50-day simple moving average is $70.03 and its 200-day simple moving average is $74.93.

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

NIKE Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Monday, March 3rd were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Monday, March 3rd. This represents a $1.60 dividend on an annualized basis and a yield of 2.94%. NIKE's payout ratio is presently 53.16%.

Insider Activity

In other NIKE news, 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 transaction 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Robert Holmes Swan purchased 8,600 shares of the stock in a transaction dated Friday, April 4th. The stock was bought at an average cost of $58.46 per share, with a total value of $502,756.00. Following the completion of the purchase, the director now owns 31,983 shares in the company, valued at $1,869,726.18. The trade was a 36.78 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 1.10% of the company's stock.

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.