Ameritas Investment Partners Inc. Trims Position in DICK’S Sporting Goods, Inc. (NYSE:DKS)

Ameritas Investment Partners Inc. decreased its position in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 3.4% during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 12,695 shares of the sporting goods retailer’s stock after selling 443 shares during the quarter. Ameritas Investment Partners Inc.’s holdings in DICK’S Sporting Goods were worth $2,728,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Covestor Ltd raised its holdings in DICK’S Sporting Goods by 70.5% during the first quarter. Covestor Ltd now owns 133 shares of the sporting goods retailer’s stock valued at $30,000 after acquiring an additional 55 shares during the period. Quent Capital LLC raised its stake in DICK’S Sporting Goods by 0.6% during the 2nd quarter. Quent Capital LLC now owns 9,752 shares of the sporting goods retailer’s stock valued at $2,095,000 after purchasing an additional 57 shares during the period. Vista Capital Partners Inc. lifted its holdings in DICK’S Sporting Goods by 5.7% in the 2nd 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 lifted its holdings in DICK’S Sporting Goods by 1.5% in the 4th 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 boosted its stake in 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 worth $2,017,000 after purchasing an additional 75 shares during the period. Institutional investors own 89.83% of the company’s stock.

DICK’S Sporting Goods Stock Performance

Shares of DICK’S Sporting Goods stock opened at $212.52 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 stock’s fifty day moving average is $215.89 and its two-hundred day moving average is $210.49. DICK’S Sporting Goods, Inc. has a 52 week low of $100.98 and a 52 week high of $239.30. The company has a market capitalization of $17.32 billion, a PE ratio of 17.59, a price-to-earnings-growth ratio of 2.39 and a beta of 1.64.

DICK’S Sporting Goods (NYSE:DKS) last posted its quarterly earnings results 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 net margin of 8.46% and a return on equity of 45.14%. The firm had revenue of $3.47 billion for the quarter, compared to analysts’ expectations of $3.44 billion. During the same period in the prior year, the business posted $2.82 earnings per share. The business’s revenue for the quarter was up 7.6% on a year-over-year basis. As a group, analysts expect that DICK’S Sporting Goods, Inc. will post 13.89 earnings per share for the current year.

DICK’S Sporting Goods Announces Dividend

The company 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. 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 2.07%. DICK’S Sporting Goods’s payout ratio is 36.42%.

Analyst Ratings Changes

Several research firms have recently issued reports on DKS. UBS Group lifted their price objective on shares of DICK’S Sporting Goods from $220.00 to $225.00 and gave the company a “neutral” rating in a research report on Monday, August 26th. Evercore ISI reiterated an “outperform” rating and issued a $280.00 price target on shares of DICK’S Sporting Goods in a report on Thursday, September 5th. Loop Capital increased 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. Wells Fargo & Company cut their price objective on 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 boosted their target price on DICK’S Sporting Goods from $255.00 to $260.00 and gave the stock an “outperform” rating in a research report on Friday, August 30th. Ten analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $244.62.

Insider Buying and Selling

In other DICK’S Sporting Goods news, Director Desiree Ralls-Morrison sold 3,489 shares of the firm’s stock in a transaction on Thursday, July 11th. The stock was sold at an average price of $206.65, for a total transaction of $721,001.85. Following the transaction, the director now directly owns 5,609 shares in the company, valued at approximately $1,159,099.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 32.03% of the stock is owned by insiders.

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.