Centaurus Financial Inc. Sells 2,430 Shares of NIKE, Inc. (NYSE:NKE)

Centaurus Financial Inc. lowered its holdings in NIKE, Inc. (NYSE:NKE) by 54.1% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 2,060 shares of the footwear maker’s stock after selling 2,430 shares during the quarter. Centaurus Financial Inc.’s holdings in NIKE were worth $182,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Larson Financial Group LLC grew its holdings in shares of NIKE by 121.7% during the third quarter. Larson Financial Group LLC now owns 11,377 shares of the footwear maker’s stock valued at $1,006,000 after buying an additional 6,246 shares during the last quarter. Sompo Asset Management Co. Ltd. boosted its stake in NIKE by 24.5% during the 3rd quarter. Sompo Asset Management Co. Ltd. now owns 69,017 shares of the footwear maker’s stock valued at $6,101,000 after purchasing an additional 13,602 shares during the last quarter. Swedbank AB increased its holdings in NIKE by 1.2% during the 3rd quarter. Swedbank AB now owns 980,660 shares of the footwear maker’s stock worth $86,690,000 after purchasing an additional 11,877 shares in the last quarter. Kingsview Wealth Management LLC raised its stake in shares of NIKE by 25.2% in the third quarter. Kingsview Wealth Management LLC now owns 89,189 shares of the footwear maker’s stock worth $7,884,000 after purchasing an additional 17,941 shares during the last quarter. Finally, Cerity Partners LLC lifted its holdings in shares of NIKE by 2.6% in the third quarter. Cerity Partners LLC now owns 409,706 shares of the footwear maker’s stock valued at $36,231,000 after purchasing an additional 10,546 shares in the last quarter. Institutional investors own 64.25% of the company’s stock.

NIKE Stock Performance

NYSE:NKE opened at $78.31 on Thursday. The company has a market capitalization of $117.41 billion, a price-to-earnings ratio of 22.44, a PEG ratio of 1.92 and a beta of 1.03. The business has a 50 day moving average of $80.39 and a 200 day moving average of $82.29. The company has a debt-to-equity ratio of 0.57, a current ratio of 2.36 and a quick ratio of 1.58. NIKE, Inc. has a 1-year low of $70.75 and a 1-year high of $123.39.

NIKE (NYSE:NKE) last announced its quarterly earnings data on Tuesday, October 1st. The footwear maker reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.18. NIKE had a net margin of 10.60% and a return on equity of 39.84%. The firm had revenue of $11.59 billion during the quarter, compared to analyst estimates of $11.64 billion. During the same period in the previous year, the business posted $0.94 EPS. The business’s quarterly revenue was down 10.4% on a year-over-year basis. On average, sell-side analysts predict that NIKE, Inc. will post 2.75 earnings per share for the current fiscal year.

NIKE Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Monday, December 2nd will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 2.04%. This is a positive change from NIKE’s previous quarterly dividend of $0.37. The ex-dividend date is Monday, December 2nd. NIKE’s dividend payout ratio is presently 42.41%.

Analyst Upgrades and Downgrades

NKE has been the subject of several recent research reports. Evercore ISI decreased their price target on NIKE from $110.00 to $105.00 and set an “outperform” rating for the company in a report on Wednesday, October 2nd. Stifel Nicolaus reduced their target price on shares of NIKE from $88.00 to $79.00 and set a “hold” rating for the company in a research note on Monday, August 26th. Guggenheim dropped their price target on shares of NIKE from $115.00 to $110.00 and set a “buy” rating on the stock in a research report on Wednesday, October 2nd. Morgan Stanley upped their price objective on shares of NIKE from $79.00 to $82.00 and gave the stock an “equal weight” rating in a research report on Wednesday, September 25th. Finally, Robert W. Baird lifted their target price on shares of NIKE from $100.00 to $110.00 and gave the stock an “outperform” rating in a research report on Friday, September 20th. Fourteen equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $95.86.

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.