Tredje AP fonden Cuts Stock Holdings in DICK’S Sporting Goods, Inc. (NYSE:DKS)

Tredje AP fonden trimmed its position in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 1.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor 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 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in DKS. Norges Bank acquired a new stake in DICK’S Sporting Goods in the 4th quarter valued at $108,908,000. Renaissance Technologies LLC boosted its stake in DICK’S Sporting Goods by 51.4% during the 2nd quarter. Renaissance Technologies LLC now owns 1,106,341 shares of the sporting goods retailer’s stock worth $237,697,000 after purchasing an additional 375,600 shares during the last quarter. Vanguard Group Inc. boosted its stake in DICK’S Sporting Goods by 3.2% during the 1st quarter. Vanguard Group Inc. now owns 5,380,645 shares of the sporting goods retailer’s stock worth $1,209,892,000 after purchasing an additional 166,687 shares during the last quarter. Los Angeles Capital Management LLC boosted its stake in DICK’S Sporting Goods by 5,379.0% during the 1st quarter. Los Angeles Capital Management LLC now owns 167,768 shares of the sporting goods retailer’s stock worth $37,724,000 after purchasing an additional 164,706 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in DICK’S Sporting Goods by 15.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 780,346 shares of the sporting goods retailer’s stock worth $167,683,000 after purchasing an additional 102,609 shares during the last quarter. Institutional investors and hedge funds own 89.83% of the company’s stock.

Wall Street Analysts Forecast Growth

DKS has been the topic of several analyst reports. Stifel Nicolaus lifted their price target on DICK’S Sporting Goods from $215.00 to $232.00 and gave the stock a “hold” rating in a report on Thursday, May 30th. Robert W. Baird reiterated a “neutral” rating and set a $235.00 price target on shares of DICK’S Sporting Goods in a report on Wednesday, August 28th. TD Cowen boosted their price objective on shares of DICK’S Sporting Goods from $266.00 to $270.00 and gave the company a “buy” rating in a report on Tuesday, September 3rd. JPMorgan Chase & Co. boosted their price objective on shares of DICK’S Sporting Goods from $211.00 to $215.00 and gave the company a “neutral” rating in a report on Monday, September 9th. Finally, Loop Capital boosted their price objective on shares of DICK’S Sporting Goods from $200.00 to $220.00 and gave the company a “hold” rating in a report on Thursday, September 5th. Ten analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $244.62.

Insider Activity at DICK’S Sporting Goods

In related news, Director Desiree Ralls-Morrison sold 3,489 shares of the company’s stock in a transaction that occurred on Thursday, July 11th. The stock was sold at an average price of $206.65, for a total value of $721,001.85. Following the completion of the transaction, the director now directly owns 5,609 shares of the company’s stock, valued at $1,159,099.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 32.03% of the stock is currently owned by corporate insiders.

DICK’S Sporting Goods Stock Performance

Shares of DICK’S Sporting Goods stock opened at $215.33 on Friday. DICK’S Sporting Goods, Inc. has a one year low of $100.98 and a one year high of $239.30. The company has a market cap of $17.55 billion, a PE ratio of 17.83, 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. The business has a 50-day simple moving average of $215.97 and a 200-day simple moving average of $210.02.

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

DICK’S Sporting Goods Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 4th. Investors of record on Friday, September 20th will be issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 2.04%. The ex-dividend date is Friday, September 20th. DICK’S Sporting Goods’s dividend payout ratio (DPR) is 36.42%.

DICK’S Sporting Goods 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.