Thrivent Financial for Lutherans Has $3.79 Million Stake in DICK’S Sporting Goods, Inc. (NYSE:DKS)

Thrivent Financial for Lutherans increased its stake in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 21.1% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,657 shares of the sporting goods retailer’s stock after acquiring an additional 3,079 shares during the quarter. Thrivent Financial for Lutherans’ holdings in DICK’S Sporting Goods were worth $3,794,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. ICA Group Wealth Management LLC bought a new stake in DICK’S Sporting Goods in the second quarter valued at $28,000. Covestor Ltd increased its position in DICK’S Sporting Goods by 70.5% in the 1st quarter. Covestor Ltd now owns 133 shares of the sporting goods retailer’s stock valued at $30,000 after buying an additional 55 shares in the last quarter. ORG Partners LLC bought a new stake in DICK’S Sporting Goods in the 2nd quarter valued at about $30,000. Innealta Capital LLC acquired a new position in DICK’S Sporting Goods during the 2nd quarter worth approximately $31,000. Finally, Richardson Financial Services Inc. bought a new position in DICK’S Sporting Goods in the second quarter worth approximately $34,000. Institutional investors and hedge funds own 89.83% of the company’s stock.

DICK’S Sporting Goods Stock Down 3.7 %

DKS opened at $209.14 on Friday. The company has a quick ratio of 0.69, a current ratio of 1.77 and a debt-to-equity ratio of 0.51. The business’s fifty day simple moving average is $215.69 and its 200 day simple moving average is $211.66. DICK’S Sporting Goods, Inc. has a 52 week low of $100.98 and a 52 week high of $239.30. The stock has a market cap of $17.04 billion, a PE ratio of 17.31, a P/E/G ratio of 2.45 and a beta of 1.64.

DICK’S Sporting Goods (NYSE:DKS) last announced its quarterly earnings data on Wednesday, September 4th. The sporting goods retailer reported $4.37 earnings per share for the quarter, beating analysts’ consensus estimates of $3.77 by $0.60. The company had revenue of $3.47 billion for the quarter, compared to analysts’ expectations of $3.44 billion. DICK’S Sporting Goods had a return on equity of 45.14% and a net margin of 8.46%. DICK’S Sporting Goods’s revenue for the quarter was up 7.6% compared to the same quarter last year. During the same period last year, the firm posted $2.82 EPS. As a group, research analysts expect that DICK’S Sporting Goods, Inc. will post 13.9 earnings per share for the current fiscal year.

DICK’S Sporting Goods Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 4th. Stockholders of record on Friday, September 20th will be issued a $1.10 dividend. The ex-dividend date of this dividend is Friday, September 20th. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.10%. DICK’S Sporting Goods’s payout ratio is 36.42%.

Insider Activity

In related news, Director Desiree Ralls-Morrison sold 3,489 shares of DICK’S Sporting Goods stock in a transaction on Thursday, July 11th. The shares were sold at an average price of $206.65, for a total value of $721,001.85. Following the transaction, the director now owns 5,609 shares in the company, valued at approximately $1,159,099.85. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 32.03% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on DKS shares. UBS Group upped their target price on DICK’S Sporting Goods from $220.00 to $225.00 and gave the stock a “neutral” rating in a research report on Monday, August 26th. TD Cowen upped their price objective on shares of DICK’S Sporting Goods from $266.00 to $270.00 and gave the stock a “buy” rating in a report on Tuesday, September 3rd. Barclays raised their price objective on shares of DICK’S Sporting Goods from $247.00 to $254.00 and gave the company an “overweight” rating in a research note on Thursday, September 5th. Wells Fargo & Company decreased their target price on shares of DICK’S Sporting Goods from $230.00 to $227.00 and set an “equal weight” rating for the company in a research report on Monday, August 12th. Finally, Telsey Advisory Group raised their price target on shares of DICK’S Sporting Goods from $255.00 to $260.00 and gave the company an “outperform” rating in a research report on Friday, August 30th. Ten analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $244.62.

About DICK’S Sporting Goods

DICK'S Sporting Goods, Inc, together with its subsidiaries, operates as an omni-channel sporting goods retailer primarily in the United States. The company provides hardlines, includes sporting goods equipment, fitness equipment, golf equipment, and fishing gear products; apparel; and footwear and accessories.