DICK’S Sporting Goods, Inc. (NYSE:DKS) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans lessened its stake in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 1.3% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,427 shares of the sporting goods retailer’s stock after selling 230 shares during the quarter. Thrivent Financial for Lutherans’ holdings in DICK’S Sporting Goods were worth $3,637,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently made changes to their positions in DKS. Bessemer Group Inc. increased its holdings in DICK’S Sporting Goods by 1,946.5% in the first quarter. Bessemer Group Inc. now owns 880 shares of the sporting goods retailer’s stock valued at $198,000 after buying an additional 837 shares in the last quarter. Janus Henderson Group PLC raised its holdings in DICK’S Sporting Goods by 2.3% during the first quarter. Janus Henderson Group PLC now owns 6,948 shares of the sporting goods retailer’s stock worth $1,562,000 after purchasing an additional 153 shares during the last quarter. LBP AM SA purchased a new stake in DICK’S Sporting Goods during the first quarter worth $1,405,000. iA Global Asset Management Inc. acquired a new stake in DICK’S Sporting Goods in the first quarter valued at $586,000. Finally, Virtu Financial LLC increased its position in shares of DICK’S Sporting Goods by 1,056.3% in the first quarter. Virtu Financial LLC now owns 28,133 shares of the sporting goods retailer’s stock valued at $6,326,000 after buying an additional 25,700 shares in the last quarter. Institutional investors and hedge funds own 89.83% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on DKS shares. DA Davidson reissued a “buy” rating and issued a $265.00 price objective on shares of DICK’S Sporting Goods in a research note on Thursday, September 5th. Robert W. Baird reiterated a “neutral” rating and issued a $235.00 price target on shares of DICK’S Sporting Goods in a research report on Wednesday, August 28th. UBS Group raised their price objective on shares of DICK’S Sporting Goods from $220.00 to $225.00 and gave the stock a “neutral” rating in a research note on Monday, August 26th. Wedbush reaffirmed a “neutral” rating and issued a $250.00 target price on shares of DICK’S Sporting Goods in a research note on Thursday, September 5th. Finally, Wells Fargo & Company lowered their target price on DICK’S Sporting Goods from $230.00 to $227.00 and set an “equal weight” rating on the stock in a report on Monday, August 12th. Nine equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $244.62.

DICK’S Sporting Goods Price Performance

DKS opened at $215.13 on Tuesday. DICK’S Sporting Goods, Inc. has a 1 year low of $119.84 and a 1 year high of $239.30. The company’s 50 day simple moving average is $205.78 and its 200 day simple moving average is $210.53. The stock has a market capitalization of $17.51 billion, a PE ratio of 15.78, a P/E/G ratio of 2.39 and a beta of 1.64. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.69 and a current ratio of 1.77.

DICK’S Sporting Goods (NYSE:DKS) last released its quarterly earnings data on Wednesday, September 4th. The sporting goods retailer reported $4.37 EPS for the quarter, topping analysts’ consensus estimates of $3.77 by $0.60. DICK’S Sporting Goods had a return on equity of 45.14% and a net margin of 8.46%. The business had revenue of $3.47 billion during the quarter, compared to the consensus estimate of $3.44 billion. During the same period in the prior year, the firm posted $2.82 EPS. The business’s revenue for the quarter was up 7.6% on a year-over-year basis. As a group, sell-side analysts expect that DICK’S Sporting Goods, Inc. will post 13.88 EPS for the current year.

DICK’S Sporting Goods Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 4th. Stockholders of record on Friday, September 20th were paid a $1.10 dividend. This represents a $4.40 annualized dividend and a dividend yield of 2.05%. The ex-dividend date was Friday, September 20th. DICK’S Sporting Goods’s dividend payout ratio is currently 32.28%.

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.