Intech Investment Management LLC Increases Holdings in DICK’S Sporting Goods, Inc. (NYSE:DKS)

Intech Investment Management LLC lifted its position in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 2,035.2% in the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 33,480 shares of the sporting goods retailer’s stock after purchasing an additional 31,912 shares during the period. Intech Investment Management LLC’s holdings in DICK’S Sporting Goods were worth $7,193,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. Covestor Ltd increased its position 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 in the last quarter. Quent Capital LLC increased its position in shares of DICK’S Sporting Goods by 0.6% during the second quarter. Quent Capital LLC now owns 9,752 shares of the sporting goods retailer’s stock worth $2,095,000 after purchasing an additional 57 shares in the last quarter. Vista Capital Partners Inc. increased its position in shares of DICK’S Sporting Goods by 5.7% during the second quarter. Vista Capital Partners Inc. now owns 1,057 shares of the sporting goods retailer’s stock worth $227,000 after purchasing an additional 57 shares in the last quarter. US Bancorp DE increased its position in shares of DICK’S Sporting Goods by 1.5% during the fourth quarter. US Bancorp DE now owns 4,901 shares of the sporting goods retailer’s stock worth $720,000 after purchasing an additional 71 shares in the last quarter. Finally, Range Financial Group LLC increased its position in shares of DICK’S Sporting Goods by 0.8% in the 2nd quarter. Range Financial Group LLC now owns 9,386 shares of the sporting goods retailer’s stock valued at $2,017,000 after acquiring an additional 75 shares during the period. Hedge funds and other institutional investors own 89.83% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on DKS. Robert W. Baird reissued a “neutral” rating and issued a $235.00 target price on shares of DICK’S Sporting Goods in a research report on Wednesday, August 28th. Bank of America upped their target price on DICK’S Sporting Goods from $240.00 to $250.00 and gave the company a “buy” rating in a research report on Thursday, September 5th. Wedbush reissued a “neutral” rating and issued a $250.00 target price on shares of DICK’S Sporting Goods in a research report on Thursday, September 5th. Wells Fargo & Company cut 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 research report on Monday, August 12th. Finally, Citigroup cut their target price on DICK’S Sporting Goods from $243.00 to $230.00 and set a “neutral” rating on the stock in a research report on Thursday, September 5th. Ten investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus 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 firm’s stock in a transaction dated 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 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 Securities & Exchange Commission, which is available at this link. 32.03% of the stock is currently owned by corporate insiders.

DICK’S Sporting Goods Trading Down 1.4 %

DKS stock opened at $212.47 on Friday. The company’s 50-day simple moving average is $216.08 and its 200-day simple moving average is $210.06. The company has a quick ratio of 0.69, a current ratio of 1.77 and a debt-to-equity ratio of 0.51. DICK’S Sporting Goods, Inc. has a 52-week low of $100.98 and a 52-week high of $239.30. The firm has a market cap of $17.31 billion, a P/E ratio of 17.59, a PEG ratio of 2.39 and a beta of 1.64.

DICK’S Sporting Goods (NYSE:DKS) last posted its earnings results on Wednesday, September 4th. The sporting goods retailer reported $4.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.77 by $0.60. DICK’S Sporting Goods had a net margin of 8.46% and a return on equity of 45.14%. The business had revenue of $3.47 billion for the quarter, compared to analyst estimates of $3.44 billion. During the same period in the prior year, the company posted $2.82 EPS. The company’s revenue for the quarter was up 7.6% on a year-over-year basis. As a group, equities 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 business also recently declared a quarterly dividend, which will be paid on Friday, October 4th. Investors of record on Friday, September 20th will be paid a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date is Friday, September 20th. DICK’S Sporting Goods’s dividend payout ratio is presently 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.