Centaurus Financial Inc. Has $189,000 Stock Holdings in NIKE, Inc. (NYSE:NKE)

Centaurus Financial Inc. lessened its holdings in NIKE, Inc. (NYSE:NKE) by 11.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,742 shares of the footwear maker’s stock after selling 221 shares during the period. Centaurus Financial Inc.’s holdings in NIKE were worth $189,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Iron Horse Wealth Management LLC boosted its position in NIKE by 120.7% during the fourth quarter. Iron Horse Wealth Management LLC now owns 256 shares of the footwear maker’s stock valued at $28,000 after purchasing an additional 140 shares during the last quarter. Planned Solutions Inc. acquired a new stake in NIKE during the fourth quarter valued at $29,000. True Wealth Design LLC boosted its position in NIKE by 106.4% during the fourth quarter. True Wealth Design LLC now owns 291 shares of the footwear maker’s stock valued at $32,000 after purchasing an additional 150 shares during the last quarter. Core Wealth Advisors Inc. boosted its position in NIKE by 408.5% during the fourth quarter. Core Wealth Advisors Inc. now owns 300 shares of the footwear maker’s stock valued at $33,000 after purchasing an additional 241 shares during the last quarter. Finally, Frank Rimerman Advisors LLC acquired a new stake in NIKE during the fourth quarter valued at $33,000. Institutional investors and hedge funds own 64.25% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Sanford C. Bernstein reduced their price objective on NIKE from $134.00 to $120.00 and set an “outperform” rating for the company in a research report on Friday, March 22nd. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $100.00 price target (down previously from $110.00) on shares of NIKE in a research report on Friday, March 22nd. StockNews.com raised NIKE from a “hold” rating to a “buy” rating in a research report on Thursday, June 13th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $115.00 price target on shares of NIKE in a research report on Thursday, June 13th. Finally, Williams Trading reaffirmed a “sell” rating and issued a $85.00 price target (down previously from $92.00) on shares of NIKE in a research report on Monday, March 18th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and twenty-one have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $115.52.

NIKE Trading Down 0.2 %

Shares of NKE opened at $94.78 on Wednesday. NIKE, Inc. has a 1 year low of $88.66 and a 1 year high of $123.39. The company has a current ratio of 2.74, a quick ratio of 1.89 and a debt-to-equity ratio of 0.63. The stock has a 50 day simple moving average of $93.31 and a 200-day simple moving average of $100.21. The stock has a market cap of $143.06 billion, a PE ratio of 27.88, a PEG ratio of 1.74 and a beta of 1.05.

NIKE (NYSE:NKE) last issued its earnings results on Thursday, March 21st. The footwear maker reported $0.98 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.29. The business had revenue of $12.43 billion during the quarter, compared to analysts’ expectations of $12.28 billion. NIKE had a return on equity of 39.41% and a net margin of 10.14%. On average, sell-side analysts predict that NIKE, Inc. will post 3.76 EPS for the current fiscal year.

NIKE Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Monday, June 3rd will be given a dividend of $0.37 per share. The ex-dividend date is Monday, June 3rd. This represents a $1.48 dividend on an annualized basis and a yield of 1.56%. NIKE’s dividend payout ratio (DPR) is presently 43.53%.

Insider Buying and Selling

In related news, EVP Monique S. Matheson sold 45,000 shares of the stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $94.16, for a total transaction of $4,237,200.00. Following the sale, the executive vice president now directly owns 44,997 shares in the company, valued at approximately $4,236,917.52. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other NIKE news, VP Johanna Nielsen sold 282 shares of the stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $93.64, for a total value of $26,406.48. Following the transaction, the vice president now directly owns 730 shares in the company, valued at approximately $68,357.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Monique S. Matheson sold 45,000 shares of the stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $94.16, for a total value of $4,237,200.00. Following the completion of the transaction, the executive vice president now owns 44,997 shares in the company, valued at $4,236,917.52. The disclosure for this sale can be found here. Insiders have sold a total of 213,660 shares of company stock worth $19,946,333 in the last three months. Insiders own 0.50% 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.