DICK’S Sporting Goods, Inc. (NYSE:DKS) Shares Sold by Mackenzie Financial Corp

Mackenzie Financial Corp trimmed its stake in shares of DICK’S Sporting Goods, Inc. (NYSE:DKS) by 37.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 43,740 shares of the sporting goods retailer’s stock after selling 26,182 shares during the period. Mackenzie Financial Corp owned about 0.05% of DICK’S Sporting Goods worth $9,398,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of DKS. ICA Group Wealth Management LLC purchased a new position in DICK’S Sporting Goods in the 2nd quarter valued at approximately $28,000. Covestor Ltd increased its position 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 valued at $30,000 after buying an additional 55 shares in the last quarter. ORG Partners LLC purchased a new position in shares of DICK’S Sporting Goods in the second quarter valued at $30,000. Innealta Capital LLC acquired a new position in shares of DICK’S Sporting Goods during the 2nd quarter worth $31,000. Finally, Richardson Financial Services Inc. purchased a new stake in shares of DICK’S Sporting Goods in the 2nd quarter worth about $34,000. Hedge funds and other institutional investors own 89.83% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on DKS shares. Robert W. Baird restated a “neutral” rating and set a $235.00 target price on shares of DICK’S Sporting Goods in a report on Wednesday, August 28th. JPMorgan Chase & Co. lifted their price objective on DICK’S Sporting Goods from $211.00 to $215.00 and gave the stock a “neutral” rating in a research report on Monday, September 9th. Loop Capital increased their target price on 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 target on DICK’S Sporting Goods from $230.00 to $227.00 and set an “equal weight” rating for the company in a report on Monday, August 12th. Finally, TD Cowen increased their price objective on DICK’S Sporting Goods from $266.00 to $270.00 and gave the company a “buy” rating in a research note on Tuesday, September 3rd. Ten research analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $244.62.

DICK’S Sporting Goods Stock Down 0.3 %

NYSE DKS opened at $208.60 on Tuesday. 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 fifty-two week low of $100.98 and a fifty-two week high of $239.30. The business has a 50 day moving average price of $215.75 and a two-hundred day moving average price of $211.77. The stock has a market cap of $17.00 billion, a PE ratio of 17.27, a P/E/G ratio of 2.45 and a beta of 1.64.

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 firm had revenue of $3.47 billion for the quarter, compared to analyst estimates 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 revenue was up 7.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.82 EPS. As a group, sell-side analysts predict that DICK’S Sporting Goods, Inc. will post 13.9 EPS for the current fiscal year.

DICK’S Sporting Goods Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 4th. Shareholders of record on Friday, September 20th will be paid 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 2.11%. DICK’S Sporting Goods’s dividend payout ratio (DPR) is presently 36.42%.

Insiders Place Their Bets

In other news, Director Desiree Ralls-Morrison sold 3,489 shares of the 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 completion of 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 SEC, which is accessible through this link. 32.03% of the stock is owned by company insiders.

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.