DICK’S Sporting Goods, Inc. (NYSE:DKS) Shares Sold by Tredje AP fonden

Tredje AP fonden reduced its position in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 1.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,269 shares of the sporting goods retailer’s stock after selling 143 shares during the quarter. Tredje AP fonden’s holdings in DICK’S Sporting Goods were worth $1,991,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of DKS. ICA Group Wealth Management LLC purchased a new stake in shares of DICK’S Sporting Goods during the second quarter worth approximately $28,000. Covestor Ltd raised its stake in shares of DICK’S Sporting Goods by 70.5% during the first quarter. Covestor Ltd now owns 133 shares of the sporting goods retailer’s stock worth $30,000 after purchasing an additional 55 shares during the last quarter. Innealta Capital LLC purchased a new stake in shares of DICK’S Sporting Goods during the second quarter worth approximately $31,000. ORG Partners LLC purchased a new stake in shares of DICK’S Sporting Goods during the second quarter worth approximately $30,000. Finally, Versant Capital Management Inc raised its stake in shares of DICK’S Sporting Goods by 222.6% during the second quarter. Versant Capital Management Inc now owns 171 shares of the sporting goods retailer’s stock worth $37,000 after purchasing an additional 118 shares during the last quarter. 89.83% of the stock is owned by institutional investors and hedge funds.

DICK’S Sporting Goods Stock Up 1.3 %

DKS opened at $215.33 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 firm has a market cap of $17.55 billion, a P/E ratio of 17.83, a PEG ratio of 2.39 and a beta of 1.64. DICK’S Sporting Goods, Inc. has a 52 week low of $100.98 and a 52 week high of $239.30. The business’s fifty day simple moving average is $215.97 and its 200 day simple moving average is $210.02.

DICK’S Sporting Goods (NYSE:DKS) last posted its quarterly earnings data on Wednesday, September 4th. The sporting goods retailer reported $4.37 EPS for the quarter, beating analysts’ consensus estimates of $3.77 by $0.60. The business had revenue of $3.47 billion for the quarter, compared to analyst estimates of $3.44 billion. DICK’S Sporting Goods had a return on equity of 45.14% and a net margin of 8.46%. The business’s revenue for the quarter was up 7.6% compared to the same quarter last year. During the same quarter last year, the company earned $2.82 earnings per share. As a group, equities research analysts anticipate that DICK’S Sporting Goods, Inc. will post 13.89 EPS for the current fiscal year.

DICK’S Sporting Goods Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 4th. Investors of record on Friday, September 20th will be paid a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 2.04%. The ex-dividend date of this dividend is Friday, September 20th. DICK’S Sporting Goods’s payout ratio is currently 36.42%.

Insiders Place Their Bets

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

Analysts Set New Price Targets

DKS has been the subject of several analyst reports. Bank of America upped their price target on DICK’S Sporting Goods from $240.00 to $250.00 and gave the stock a “buy” rating in a research note on Thursday, September 5th. Oppenheimer upped their price target on DICK’S Sporting Goods from $240.00 to $270.00 and gave the stock an “outperform” rating in a research note on Thursday, May 30th. TD Cowen increased their price objective on DICK’S Sporting Goods from $266.00 to $270.00 and gave the stock a “buy” rating in a research report on Tuesday, September 3rd. DA Davidson reiterated a “buy” rating and issued a $265.00 price objective on shares of DICK’S Sporting Goods in a research report on Thursday, September 5th. Finally, UBS Group increased their price objective 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. Ten equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $244.62.

DICK’S Sporting Goods Company Profile

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.