State of Alaska Department of Revenue decreased its holdings in DICK’S Sporting Goods, Inc. (NYSE:DKS – Free Report) by 7.5% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,624 shares of the sporting goods retailer’s stock after selling 619 shares during the period. State of Alaska Department of Revenue’s holdings in DICK’S Sporting Goods were worth $1,007,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently made changes to their positions in the business. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in DICK’S Sporting Goods by 7.2% during 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 buying an additional 1,541 shares during the last quarter. Great West Life Assurance Co. Can boosted its stake in DICK’S Sporting Goods by 14.5% during 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 buying an additional 5,111 shares during the last quarter. Yousif Capital Management LLC boosted its stake in DICK’S Sporting Goods by 0.6% during 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 buying an additional 217 shares during the last quarter. Sei Investments Co. boosted its stake in DICK’S Sporting Goods by 20.3% during the first quarter. Sei Investments Co. now owns 30,737 shares of the sporting goods retailer’s stock valued at $3,160,000 after buying an additional 5,182 shares during the last quarter. Finally, Canada Pension Plan Investment Board boosted its stake in DICK’S Sporting Goods by 34.4% during 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 buying an additional 524 shares during the last quarter. Institutional investors own 68.21% of the company’s stock.
Analysts Set New Price Targets
A number of equities research analysts have issued reports on DKS shares. Wells Fargo & Company decreased their price objective on DICK’S Sporting Goods from $140.00 to $115.00 and set an “equal weight” rating on the stock in a research report on Wednesday, August 23rd. Wedbush downgraded DICK’S Sporting Goods from an “outperform” rating to a “neutral” rating and decreased their price objective for the company from $155.00 to $115.00 in a research report on Wednesday, August 23rd. UBS Group decreased their price objective on DICK’S Sporting Goods from $160.00 to $130.00 and set a “neutral” rating on the stock in a research report on Wednesday, August 23rd. The Goldman Sachs Group decreased their price objective on 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, Oppenheimer reduced their price target on DICK’S Sporting Goods from $175.00 to $145.00 and set an “outperform” rating on the stock in a report on Wednesday, August 23rd. Thirteen analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to MarketBeat, DICK’S Sporting Goods currently has an average rating of “Hold” and a consensus price target of $143.17.
Insider Transactions at DICK’S Sporting Goods
In other DICK’S Sporting Goods news, Director William J. Colombo acquired 2,200 shares of the stock in a transaction dated Thursday, September 7th. The stock was purchased at an average price of $110.00 per share, with a total value of $242,000.00. Following the transaction, the director now directly owns 170,192 shares of the company’s stock, valued at $18,721,120. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, Director William J. Colombo purchased 2,200 shares of the stock in a transaction on Thursday, September 7th. The stock was bought at an average price of $110.00 per share, with a total value of $242,000.00. Following the transaction, the director now owns 170,192 shares in the company, valued at approximately $18,721,120. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Sandeep Mathrani purchased 1,300 shares of the stock in a transaction on Thursday, August 24th. The shares were purchased at an average cost of $113.54 per share, with a total value of $147,602.00. Following the transaction, the director now owns 6,647 shares in the company, valued at approximately $754,700.38. The disclosure for this purchase can be found here. Insiders own 30.79% of the company’s stock.
DICK’S Sporting Goods Stock Up 2.9 %
Shares of NYSE DKS opened at $110.43 on Tuesday. 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 stock has a market capitalization of $9.39 billion, a PE ratio of 9.80, a price-to-earnings-growth ratio of 1.75 and a beta of 1.46. The stock’s fifty day simple moving average is $117.87 and its two-hundred day simple moving average is $129.81. DICK’S Sporting Goods, Inc. has a 12-month low of $98.01 and a 12-month high of $152.61.
DICK’S Sporting Goods (NYSE:DKS – Get Free Report) last announced its earnings results on Tuesday, August 22nd. The sporting goods retailer reported $2.82 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.76 by ($0.94). The company had revenue of $3.22 billion for the quarter, compared to the consensus estimate of $3.24 billion. DICK’S Sporting Goods had a net margin of 8.03% and a return on equity of 40.52%. The firm’s revenue was up 3.6% compared to the same quarter last year. During the same period last year, the business posted $3.68 EPS. As a group, analysts expect that DICK’S Sporting Goods, Inc. will post 11.82 EPS for the current fiscal year.
DICK’S Sporting Goods Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 29th. Stockholders of record on Friday, September 15th were given a $1.00 dividend. The ex-dividend date was Thursday, September 14th. This represents a $4.00 dividend on an annualized basis and a dividend yield of 3.62%. DICK’S Sporting Goods’s payout ratio is 35.49%.
DICK’S Sporting Goods 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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