Steel Grove Capital Advisors LLC Has $306,000 Stock Holdings in DICK’S Sporting Goods, Inc. (NYSE:DKS)

Steel Grove Capital Advisors LLC trimmed its stake in DICK’S Sporting Goods, Inc. (NYSE:DKS) by 8.1% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,425 shares of the sporting goods retailer’s stock after selling 125 shares during the quarter. Steel Grove Capital Advisors LLC’s holdings in DICK’S Sporting Goods were worth $306,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in DKS. Renaissance Technologies LLC raised its holdings in shares of DICK’S Sporting Goods by 51.4% in the 2nd quarter. Renaissance Technologies LLC now owns 1,106,341 shares of the sporting goods retailer’s stock valued at $237,697,000 after purchasing an additional 375,600 shares during the period. Vanguard Group Inc. raised its stake in DICK’S Sporting Goods by 3.2% in the first quarter. Vanguard Group Inc. now owns 5,380,645 shares of the sporting goods retailer’s stock valued at $1,209,892,000 after buying an additional 166,687 shares during the period. Los Angeles Capital Management LLC raised its stake in DICK’S Sporting Goods by 5,379.0% in the first quarter. Los Angeles Capital Management LLC now owns 167,768 shares of the sporting goods retailer’s stock valued at $37,724,000 after buying an additional 164,706 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of DICK’S Sporting Goods by 15.1% in the second quarter. Dimensional Fund Advisors LP now owns 780,346 shares of the sporting goods retailer’s stock valued at $167,683,000 after buying an additional 102,609 shares during the last quarter. Finally, Teachers Retirement System of The State of Kentucky boosted its stake in shares of DICK’S Sporting Goods by 87.0% during the 4th quarter. Teachers Retirement System of The State of Kentucky now owns 118,192 shares of the sporting goods retailer’s stock worth $17,368,000 after acquiring an additional 55,000 shares during the period. Institutional investors and hedge funds own 89.83% of the company’s stock.

Insider Activity

In related 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 $1,159,099.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 32.03% of the company’s stock.

DICK’S Sporting Goods Trading Up 1.3 %

DKS opened at $215.29 on Tuesday. The stock has a market capitalization of $17.54 billion, a price-to-earnings ratio of 17.82, a P/E/G ratio of 2.39 and a beta of 1.64. 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 twelve month low of $100.98 and a twelve month high of $239.30. The company has a 50-day simple moving average of $215.89 and a 200 day simple moving average of $210.94.

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

DICK’S Sporting Goods Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, October 4th. Shareholders 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 dividend yield of 2.04%. The ex-dividend date is Friday, September 20th. DICK’S Sporting Goods’s dividend payout ratio is presently 36.42%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on DKS shares. Telsey Advisory Group increased their price target on DICK’S Sporting Goods from $255.00 to $260.00 and gave the company an “outperform” rating in a research note on Friday, August 30th. Truist Financial raised their target price on shares of DICK’S Sporting Goods from $243.00 to $256.00 and gave the stock a “buy” rating in a research note on Thursday, May 30th. Barclays lifted their target price on shares of DICK’S Sporting Goods from $247.00 to $254.00 and gave the stock an “overweight” rating in a report on Thursday, September 5th. UBS Group increased their price target on shares of DICK’S Sporting Goods from $220.00 to $225.00 and gave the company a “neutral” rating in a report on Monday, August 26th. Finally, Bank of America boosted their price objective on DICK’S Sporting Goods from $240.00 to $250.00 and gave the stock a “buy” 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. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target 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.