CenterBook Partners LP Purchases 35,474 Shares of NIKE, Inc. $NKE

CenterBook Partners LP grew its holdings in shares of NIKE, Inc. (NYSE:NKE) by 128.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 63,059 shares of the footwear maker’s stock after buying an additional 35,474 shares during the period. CenterBook Partners LP’s holdings in NIKE were worth $4,397,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. Main Street Financial Solutions LLC raised its stake in NIKE by 4.2% during the 2nd quarter. Main Street Financial Solutions LLC now owns 3,441 shares of the footwear maker’s stock valued at $244,000 after buying an additional 139 shares during the last quarter. St. Clair Advisors LLC boosted its stake in shares of NIKE by 0.9% in the 3rd quarter. St. Clair Advisors LLC now owns 15,217 shares of the footwear maker’s stock worth $1,061,000 after buying an additional 140 shares during the last quarter. Spirepoint Private Client LLC grew its holdings in shares of NIKE by 0.4% in the third quarter. Spirepoint Private Client LLC now owns 36,140 shares of the footwear maker’s stock worth $2,520,000 after acquiring an additional 153 shares during the period. Evelyn Partners Investment Management Europe Ltd increased its position in NIKE by 18.5% during the second quarter. Evelyn Partners Investment Management Europe Ltd now owns 997 shares of the footwear maker’s stock valued at $71,000 after acquiring an additional 156 shares during the last quarter. Finally, CVA Family Office LLC increased its position in NIKE by 8.0% during the third quarter. CVA Family Office LLC now owns 2,113 shares of the footwear maker’s stock valued at $147,000 after acquiring an additional 156 shares during the last quarter. 64.25% of the stock is currently owned by institutional investors.

NIKE Stock Up 1.2%

NKE stock opened at $65.61 on Thursday. The company has a debt-to-equity ratio of 0.50, a current ratio of 2.06 and a quick ratio of 1.40. The firm’s fifty day simple moving average is $63.55 and its 200-day simple moving average is $67.55. NIKE, Inc. has a 12 month low of $52.28 and a 12 month high of $82.44. The company has a market capitalization of $97.13 billion, a P/E ratio of 38.60, a price-to-earnings-growth ratio of 3.32 and a beta of 1.27.

NIKE (NYSE:NKE) last released its quarterly earnings data on Thursday, December 18th. The footwear maker reported $0.53 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.16. NIKE had a return on equity of 18.43% and a net margin of 5.43%.The business had revenue of $12.43 billion during the quarter, compared to analyst estimates of $12.19 billion. During the same quarter last year, the business posted $0.78 EPS. The company’s revenue was up .6% on a year-over-year basis. As a group, equities research analysts forecast that NIKE, Inc. will post 2.05 earnings per share for the current year.

NIKE Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Monday, March 2nd will be issued a $0.41 dividend. The ex-dividend date of this dividend is Monday, March 2nd. This represents a $1.64 dividend on an annualized basis and a yield of 2.5%. NIKE’s dividend payout ratio is presently 96.47%.

Insiders Place Their Bets

In other news, CEO Elliott Hill acquired 16,388 shares of NIKE stock in a transaction that occurred on Monday, December 29th. The stock was purchased at an average cost of $61.10 per share, with a total value of $1,001,306.80. Following the purchase, the chief executive officer owned 241,587 shares in the company, valued at $14,760,965.70. This trade represents a 7.28% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Robert Holmes Swan acquired 8,691 shares of the firm’s stock in a transaction on Monday, December 22nd. The stock was purchased at an average price of $57.54 per share, for a total transaction of $500,080.14. Following the acquisition, the director directly owned 43,293 shares in the company, valued at $2,491,079.22. This represents a 25.12% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders have acquired 75,079 shares of company stock worth $4,449,887. 0.80% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

NKE has been the topic of several research reports. Royal Bank Of Canada reissued a “buy” rating on shares of NIKE in a research report on Wednesday, January 21st. Telsey Advisory Group decreased their price target on shares of NIKE from $75.00 to $72.00 and set a “market perform” rating on the stock in a research report on Friday, December 19th. Raymond James Financial reissued a “market perform” rating on shares of NIKE in a research report on Monday, December 15th. JPMorgan Chase & Co. reduced their price objective on NIKE from $100.00 to $86.00 and set a “buy” rating for the company in a research note on Monday, November 17th. Finally, Robert W. Baird decreased their target price on NIKE from $93.00 to $85.00 and set an “outperform” rating on the stock in a report on Friday, December 19th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating, twelve have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, NIKE currently has an average rating of “Moderate Buy” and a consensus price target of $74.61.

NIKE Profile

Nike, Inc (NYSE: NKE) is a global designer, marketer and distributor of athletic footwear, apparel, equipment and accessories. Founded in 1964 as Blue Ribbon Sports by Phil Knight and Bill Bowerman and renamed Nike in 1971, the company is headquartered near Beaverton, Oregon. Nike develops and commercializes products across performance and lifestyle categories for sports including running, basketball, soccer and training, and is known for signature technologies and design-driven product lines.

The company markets products under several primary brands, including Nike, Jordan and Converse, and sells through a combination of wholesale relationships, branded retail stores and direct-to-consumer channels such as company-operated stores and digital platforms (e.g., Nike.com and mobile apps).