Cambridge Investment Research Advisors Inc. cut its holdings in DICK’S Sporting Goods, Inc. (NYSE:DKS – Free Report) by 25.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,148 shares of the sporting goods retailer’s stock after selling 6,467 shares during the quarter. Cambridge Investment Research Advisors Inc.’s holdings in DICK’S Sporting Goods were worth $2,717,000 at the end of the most recent quarter.
Several other large investors have also modified their holdings of DKS. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its position in shares of DICK’S Sporting Goods by 7.2% in the first quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 23,056 shares of the sporting goods retailer’s stock valued at $2,306,000 after purchasing an additional 1,541 shares during the last quarter. Great West Life Assurance Co. Can grew its position in shares of DICK’S Sporting Goods by 14.5% in the first quarter. Great West Life Assurance Co. Can now owns 40,257 shares of the sporting goods retailer’s stock valued at $4,161,000 after purchasing an additional 5,111 shares during the last quarter. Yousif Capital Management LLC grew its position in shares of DICK’S Sporting Goods by 0.6% in the first quarter. Yousif Capital Management LLC now owns 36,694 shares of the sporting goods retailer’s stock valued at $3,670,000 after purchasing an additional 217 shares during the last quarter. Sei Investments Co. grew its position in shares of DICK’S Sporting Goods by 20.3% in the first quarter. Sei Investments Co. now owns 30,737 shares of the sporting goods retailer’s stock valued at $3,160,000 after purchasing an additional 5,182 shares during the last quarter. Finally, Canada Pension Plan Investment Board grew its position in shares of DICK’S Sporting Goods by 34.4% in the first quarter. Canada Pension Plan Investment Board now owns 2,047 shares of the sporting goods retailer’s stock valued at $204,000 after purchasing an additional 524 shares during the last quarter. 68.21% of the stock is currently owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several analysts have recently commented on the stock. Wedbush lowered shares of DICK’S Sporting Goods from an “outperform” rating to a “neutral” rating and lowered their price target for the company from $155.00 to $115.00 in a research report on Wednesday, August 23rd. Oppenheimer lowered their price target on shares of DICK’S Sporting Goods from $175.00 to $145.00 and set an “outperform” rating on the stock in a research report on Wednesday, August 23rd. Telsey Advisory Group restated an “outperform” rating and set a $140.00 target price (down previously from $160.00) on shares of DICK’S Sporting Goods in a research report on Tuesday, August 22nd. The Goldman Sachs Group decreased their target price on shares of DICK’S Sporting Goods from $164.00 to $145.00 and set a “buy” rating on the stock in a research report on Wednesday, August 23rd. Finally, JPMorgan Chase & Co. decreased their target price on shares of DICK’S Sporting Goods from $144.00 to $128.00 and set a “neutral” rating on the stock in a research report on Thursday, August 24th. Thirteen investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $143.17.
DICK’S Sporting Goods Stock Performance
Shares of DKS stock opened at $116.66 on Friday. The company’s fifty day simple moving average is $133.63 and its 200-day simple moving average is $135.84. DICK’S Sporting Goods, Inc. has a 52 week low of $98.01 and a 52 week high of $152.61. The company has a current ratio of 1.81, a quick ratio of 0.78 and a debt-to-equity ratio of 0.56. The company has a market cap of $9.92 billion, a PE ratio of 10.35, a P/E/G ratio of 1.95 and a beta of 1.43.
DICK’S Sporting Goods (NYSE:DKS – Get Free Report) last issued its earnings results on Tuesday, August 22nd. The sporting goods retailer reported $2.82 EPS for the quarter, missing analysts’ consensus estimates of $3.76 by ($0.94). DICK’S Sporting Goods had a net margin of 8.03% and a return on equity of 40.52%. The business had revenue of $3.22 billion during the quarter, compared to analysts’ expectations of $3.24 billion. During the same period in the prior year, the business posted $3.68 EPS. The business’s revenue was up 3.6% on a year-over-year basis. As a group, equities research analysts anticipate that DICK’S Sporting Goods, Inc. will post 11.86 EPS for the current year.
DICK’S Sporting Goods Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 15th will be paid a dividend of $1.00 per share. This represents a $4.00 annualized dividend and a yield of 3.43%. The ex-dividend date is Thursday, September 14th. DICK’S Sporting Goods’s dividend payout ratio (DPR) is 35.49%.
Insider Buying and Selling
In other news, Director Sandeep Mathrani purchased 1,300 shares of the company’s stock in a transaction that occurred on Thursday, August 24th. The shares were purchased at an average price of $113.54 per share, with a total value of $147,602.00. Following the purchase, the director now directly owns 6,647 shares of the company’s stock, valued at approximately $754,700.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, Director Sandeep Mathrani purchased 1,300 shares of the company’s stock in a transaction that occurred on Thursday, August 24th. The shares were purchased at an average price of $113.54 per share, with a total value of $147,602.00. Following the purchase, the director now directly owns 6,647 shares of the company’s stock, valued at approximately $754,700.38. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Navdeep Gupta sold 16,321 shares of DICK’S Sporting Goods stock in a transaction on Wednesday, June 7th. The stock was sold at an average price of $136.28, for a total transaction of $2,224,225.88. Following the sale, the chief financial officer now directly owns 97,012 shares in the company, valued at approximately $13,220,795.36. The disclosure for this sale can be found here. 30.79% of the stock is currently owned by insiders.
DICK’S Sporting Goods Company Profile
DICK'S Sporting Goods, Inc, together with its subsidiaries, operates as a sporting goods retailer primarily in the United States. The company provides hardlines, includes sporting goods equipment, fitness equipment, golf equipment, and hunting and fishing gear products; apparel; and footwear and accessories.
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