Ensign Peak Advisors Inc Decreases Holdings in DICK’S Sporting Goods, Inc. (NYSE:DKS)

Ensign Peak Advisors Inc trimmed its position in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 19.8% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 40,763 shares of the sporting goods retailer’s stock after selling 10,095 shares during the quarter. Ensign Peak Advisors Inc owned 0.05% of DICK’S Sporting Goods worth $8,758,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. ICA Group Wealth Management LLC purchased a new position in DICK’S Sporting Goods in the second quarter worth about $28,000. Covestor Ltd boosted its holdings in shares of DICK’S Sporting Goods by 70.5% in the first quarter. Covestor Ltd now owns 133 shares of the sporting goods retailer’s stock worth $30,000 after buying an additional 55 shares during the last quarter. ORG Partners LLC bought a new stake in DICK’S Sporting Goods during the second quarter valued at approximately $30,000. Innealta Capital LLC bought a new position in DICK’S Sporting Goods in the second quarter worth approximately $31,000. Finally, Richardson Financial Services Inc. purchased a new position in shares of DICK’S Sporting Goods during the 2nd quarter worth $34,000. 89.83% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently commented on DKS. Barclays raised their target price on DICK’S Sporting Goods from $247.00 to $254.00 and gave the stock an “overweight” rating in a report on Thursday, September 5th. Wedbush reaffirmed a “neutral” rating and set a $250.00 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 stock a “hold” rating in a research note on Thursday, September 5th. Citigroup lowered their target price on shares of DICK’S Sporting Goods from $243.00 to $230.00 and set a “neutral” rating on the stock in a research note on Thursday, September 5th. Finally, Morgan Stanley increased their price target on DICK’S Sporting Goods from $235.00 to $245.00 and gave the stock an “overweight” rating in a research note on Thursday, May 30th. Ten investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, DICK’S Sporting Goods currently has an average rating of “Moderate Buy” and a consensus price target of $244.62.

Insider Activity

In other news, Director Desiree Ralls-Morrison sold 3,489 shares of the business’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 transaction of $721,001.85. Following the transaction, the director now owns 5,609 shares of the company’s stock, valued at approximately $1,159,099.85. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 32.03% of the company’s stock.

DICK’S Sporting Goods Stock Up 0.7 %

NYSE DKS opened at $216.87 on Wednesday. The stock has a 50 day moving average price of $215.70 and a 200-day moving average price of $211.19. 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 capitalization of $17.67 billion, a P/E ratio of 17.95, 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 issued 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. The business had revenue of $3.47 billion during the quarter, compared to analysts’ expectations of $3.44 billion. DICK’S Sporting Goods had a net margin of 8.46% and a return on equity of 45.14%. The business’s revenue was up 7.6% on a year-over-year basis. During the same period last year, the company posted $2.82 EPS. As a group, equities analysts predict 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 disclosed a quarterly dividend, which will be paid on Friday, October 4th. Shareholders of record on Friday, September 20th will be given a dividend of $1.10 per share. The ex-dividend date of this dividend is Friday, September 20th. This represents a $4.40 dividend on an annualized basis and a yield of 2.03%. DICK’S Sporting Goods’s dividend payout ratio (DPR) is presently 36.42%.

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.